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The Riverside Company sells Hiway Group to Direct Capital after doubling revenue & EBITDA

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SYDNEY, Feb. 29, 2024 /PRNewswire/ — The Riverside Company (Riverside), a global private investment firm focused on the smaller end of the middle market, has sold one of Australasia’s leading specialist transport infrastructure services providers Hiway Group (Hiway) to NZ private equity firm Direct Capital.

Since the 2018 acquisition, Riverside aided in significantly expanding Hiway’s operations across Australia and helped it to diversify from a primary focus on roading infrastructure to include the rehabilitation of pavements in the rail, renewables, mining, and defence segments.

Throughout this growth, Hiway maintained a strong environmental focus by recycling and reusing existing earthwork materials, which, in conjunction with other techniques, lowers carbon emissions when compared to alternative methods.

For almost 40 years, Hiway has been delivering innovative and environmentally-friendly capital projects, maintenance recycling and reuse solutions for roads, rail, ports, airports, and renewable energy infrastructure.

Its impressive recent growth reflects the buoyancy of domestic infrastructure spending and, in particular, the need across all levels of government to improve the condition of transport infrastructure assets, especially as the population continues to grow.

Recognising and capitalising on these systemic market growth drivers is another example of Riverside’s expertise in the business services industry, a specialist area where it has made more than 350 platform and add-on company investments since 1988.

Steven Spiteri, Operating Partner at The Riverside Company, said: “We’re incredibly proud of our accomplishments at Hiway in partnership with the management team. Riverside supported the build out of a scale presence in Australia while diversifying into adjacent end-markets and exploring new technical innovations.”

Nicholas Pejnovic, Principal at The Riverside Company, said: “Hiway is another wonderful example of Riverside successfully partnering with a great business and great team to drive results. We’re very pleased with the outcome here, with Hiway’s EBITDA and revenue doubling.”

Peter Metcalfe, CEO at Hiway Group, said: “The Hiway team has had a fantastic experience partnering with Riverside to accelerate growth and develop Hiway into the leading in situ recycling player in the Australasian infrastructure market.  We’re delighted with the result.”

The Riverside Australia Fund first acquired Hiway from Direct Capital in 2018.

Working on the deal for Riverside alongside Spiteri and Pejnovic was Associate Tom Hermsen.

MA Moelis Australia acted as financial advisor for Hiway on the transaction, with Russell McVeagh providing legal guidance, KPMG advising on accounting, and Deloitte advising on tax matters.

The Riverside Company (www.riversidecompany.com) is a global investment firm focused on being one of the leading private capital and credit options for business owners and portfolio companies at the smaller end of the middle market by seeking to fuel transformative growth and create lasting value. Since its founding in 1988, Riverside has made more than 1,000 investments. The firm’s international private equity and flexible capital portfolios include more than 140 companies. For more information, visit www.riversidecompany.com.

Riverside Australia invests in Australian and New Zealand-based companies with last twelve months (LTM) earnings before interest, tax, depreciation, and amortisation (EBITDA) of up to AU$25 million.

The Hiway Group (www.hiwaygroup.com.au) is one of Australasia’s largest providers of specialist solutions for ground improvement. Since establishment in New Zealand in 1986, Hiway has built a reputation for delivering high quality and technically innovative solutions for its clients by pioneering a wide range of in-situ and ex-situ pavement recycling and reuse techniques.

Headquartered in Auckland, the Group has a comprehensive footprint across Australia and New Zealand delivering capital projects and maintenance recycling and reuse solutions for roads, rail, ports, airports and renewable energy infrastructure. All this is supported by an industry recognised Professional Services team and with a sector leading health and safety performance to complement its capabilities, the Hiway Group is pioneering added client value in Transport Infrastructure.

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/the-riverside-company-sells-hiway-group-to-direct-capital-after-doubling-revenue–ebitda-302074922.html

SOURCE Riverside

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Eoptolink Releases OSFP 1.6T DR8 and 2FR4 Series Transceivers for AI/ML Clusters and Cloud Datacenter Networks

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14 mins ago

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September 20, 2024

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CHENGDU, China, Sept. 20, 2024 /PRNewswire/ — Eoptolink Technology Inc., Ltd. (SZSE: 300502), a leading innovator and provider of advanced optical transceiver solutions, announces the release of its OSFP 1.6T DR8/DR8-2 and 2xFR4 transceivers enabling the next generation high bandwidth networks for AI/ML clusters and cloud datacenters.

Eoptolink 1.6T OSFP transceivers have 8 electrical host interfacing lanes and 8 optical lanes operating at 212.5Gb/s (106GB with PAM4). Equipped with the industry’s latest DSP, these modules support transmission distances of up to 2km without the need to regenerate the FEC. The 1.6T DR8 and DR8-2 modules comes with either one MPO-16 adapter for point-to-point (P2P) connections or two MPO-12 adapters for 2x800G breakout applications. The 1.6T 2xFR4 modules are designed with a dual duplex LC connector running with 2 pairs of fibers only, which could help users to save fiber resources compared to DR8 and DR8-2 versions.

The 1.6T DR8/DR8-2 and 2FR4 Portfolio consists of: – 

EOLO-13T-5H-XMX    OSFP 1.6T DR8, 1×1.6TbE, 500m, MPO-16
EOLO-13T-5H-XDX    OSFP 1.6T DR8, 2x800GbE, 500m, Dual MPO-12
EOLO-13T-02-XMX    OSFP 1.6T DR8-2, 1×1.6TbE, 2km, MPO-16
EOLO-13T-02-XDX     OSFP 1.6T DR8-2, 2x800GbE, 2km, Dual MPO-12
EOLO-16T-02-XXX     OSFP 1.6T 2FR4, 2x800GbE, 2km, Dual Duplex LC

Eoptolink OSFP 1.6T transceivers feature both EML and SiPh-based solutions, and testing has demonstrated excellent performance. “We are very proud of our optical and RF design teams, says Sean Davies, VP Sales, Eoptolink Technology Inc., Ltd. “Our 1.6T OSFP modules do not need an additional FEC on the optical side and this results in lower latency and power consumption of the modules simplifying the complete system and helping our AI and cloud customers in their work.”

About Eoptolink

Eoptolink Technology Inc., Ltd. (SZSE: 300502), a publicly traded company in China, is a leading innovator and provider of advanced optical transceiver solution for data center, enterprise and telecom networks. Eoptolink is dedicated to research, develop, manufacture and markets a diverse portfolio of high-performance optical transceivers for AI, Cloud Data Center, 4G/5G wireless, Transport & Datacom and FTTX applications all over the world.

Contact Us

China(HQ):   

No.510 Wulian Avenue, Chengdu 610200

USA:   

3191 Laurelview Court, Fremont, CA 94538

Thailand:   

390/21 Moo 2, Khao Khan Song, Sriracha, Chonburi 20110

E-mail:  

sales@eoptolink.com 

 

View original content to download multimedia:https://www.prnewswire.com/news-releases/eoptolink-releases-osfp-1-6t-dr8-and-2fr4-series-transceivers-for-aiml-clusters-and-cloud-datacenter-networks-302253858.html

SOURCE Eoptolink Technology Inc., Ltd.

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Flat Ads Makes Its Mark at DMEXCO 2024: Showcasing Strength in Programmatic Advertising

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14 mins ago

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September 20, 2024

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COLOGNE, Germany, Sept. 20, 2024 /PRNewswire/ — In September, Flat Ads makes its mark at DMEXCO 2024, the prestigious European event of digital marketing and technology. The highly successful exhibition boasts 650 exhibitors, 850 speakers, and thousands of participants. At the event, Flat Ads showcased the strength of programmatic advertising platform in ad delivery, traffic optimization, and brand safety.

Flat Ads programmatic advertising platform has an exclusive developer traffic of 700 million and an extensive network spanning over 200 countries and regions worldwide. It cooperates with over 200 leading DSP/SSP partners, including FreeWheel, PubMatic and Criteo, leveraging an efficient and complete bidding system, as well as automatic delivery algorithms, to achieve precise marketing and advertising effectiveness maximization.

With its exclusive platform strategy algorithm, Flat Ads programmatic advertising platform can continuously conduct automatic exploration and matching based on the characteristics of DSP and traffic, optimize and adjust the algorithm model in real-time. This not only ensures the sustainability of DSP budgets, but also maximizes traffic utilization and enhances monetization revenue of advertisements.

Moreover, brand protection is among the top priorities of Flat Ads. In addition to accessing to authority agency Pixalate to test the effectiveness of ads, it has also accessed HUMAN, the global cybersecurity authority to safeguard its clients by preventing bot attacks, digital fraud and abuse, ensuring a stable, reliable, and secure programmatic advertising transaction platform.

By participating in DMEXCO 2024, Flat Ads showcased its outstanding strength and fruitful achievements in the programmatic advertising field, attracting the attention of numerous advertisers and developers for cooperation. Flat Ads boasts not only robust technical capabilities and innovative prowess, but also an active and open attitude towards emerging technologies, embracing and exploring them. It remains committed to providing more professional and efficient global marketing services to advertisers and developers worldwide, helping clients stand out in the fiercely competitive market and achieve business growth.

As a globally leading mobile advertising marketing platform, Flat Ads currently operates offices in Singapore, Indonesia, Hong Kong, and Guangzhou, serving over 1000 clients with global marketing solutions. If you’re interested in Flat Ads’ programmatic advertising services, please visit www.flat-ads.com.

View original content:https://www.prnewswire.co.uk/news-releases/flat-ads-makes-its-mark-at-dmexco-2024-showcasing-strength-in-programmatic-advertising-302253872.html

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Tulufan, Xinjiang: For the first time, a new energy plant and station has achieved “all-green electricity” operation

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1 hour ago

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September 20, 2024

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TULUFAN, China, Sept. 20, 2024 /PRNewswire/ — On September 19, employees of State Grid Tulufan Electric Power Supply Company came to State Power Investment Zhongli Tenghui Qiquanhu Photovoltaic Power Station to provide comprehensive technical support and guidance for new energy enterprises.

Seven wind power and photovoltaic power generation enterprises, including Xinjiang Jize Power Generation Company in Tulufan, have obtained 6.035 million KWH of grid electricity by purchasing 6,035 “green certificates” to achieve “green electricity – green electricity” and achieve green energy use in the whole link of new energy power generation.

The green power certificate, referred to as “green certificate”, is the only certificate that identifies the production and consumption of renewable energy power. Promoting the all-green operation of new energy power generation is an important measure to promote the green consumption of renewable energy.

“Before, we were just ‘producers’ of green electricity. Now the buyers of green certificates have become green electricity consumers, and the production process is fully green.” Qiquan Lake photovoltaic power station inspection officer Forzati Dilishati said.

Since the launch of the green electricity and green certificate market, State Grid Tulufan Electric Power Supply Company has actively promoted green electricity trading, promoted the supply of green electricity and green certificates in multiple scenarios, promoted the rapid promotion and popularization of related services in Tulufan, and helped build a new power system.

In the first eight months of this year, the cumulative volume of green electricity transactions in Xinjiang reached 1.174 billion KWH, 93.83 times that of the whole year of 2022.

 

View original content:https://www.prnewswire.com/apac/news-releases/tulufan-xinjiang-for-the-first-time-a-new-energy-plant-and-station-has-achieved-all-green-electricity-operation-302253902.html

SOURCE State Grid Tulufan Electric Power Supply Company

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