General Electric has had quite a busy week with a new contract with Grizzly Oil Sands and the release of two new products (a new LEAPmbr membrane bioreactor wastewater treatment system and a Smallworld Water Office software solution from GE Energy). To see what other companies have been up to (and for details on GE’s activities), read the articles below:
- SMN Power, a power and water supplier in Oman, aims to raise OMR24.5 million ($63.5 million) by selling close to 7 million shares, which will be listed on the Muscat Securities Market on 25 October. The offer price has been set at OMR3.52 ($9.14) per share, including OMR0.02 in issue expenses, and the subscription period closes on 10 October.
- Axis PE has exited Vishwa Infrastructure by selling its stake to Olympus Capital and New Enterprise Associates. Olympus capital has invested $50 million in the secondary deal.
- Maker of robotic wastewater inspection technologies RedZone Robotics has acquired Cleanflow Systems, a leading provider of wastewater condition assessment technologies based in New Zealand. The combination of the two companies will result in complementary assessment and analytics technologies that include solutions for the full range of wastewater infrastructure.