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Riverside Expands Dastex Group with pure11 Acquisition

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Third Add-on Enhances Product Portfolio and Market Reach in the DACH Region

CLEVELAND, Oct. 2, 2024 /PRNewswire/ — The Riverside Company (Riverside), a global investment firm focused on the smaller end of the middle market, announced an affiliated European fund has signed a definitive agreement to invest in pure11 GmbH (pure11), a German distributor of consumables for cleanrooms and other controlled environments, from its founders. The investment is the third add-on in 16 months to Riverside’s portfolio company Dastex Group GmbH (Dastex), a specialized cleanroom garment and consumables distributor in Europe. Closing of the deal is subject to customary approvals by the competent regulatory authorities.

 

 

Founded in 2007, pure11, through third-party brand distribution as well as its proprietary brand CELOS®, offers a broad product portfolio including gloves, wipes, disposable garments, and swabs. The company, headquartered in Grünwald, Germany, primarily serves customers from the pharmaceutical and semiconductor industries, but also optical glass, automotive, and pharmacies.

Damien Gaudin, Partner at Riverside Europe who led the deal, commented: “With pure11, Dastex continues its expansion strategy in Europe, acquiring a sizeable independent cleanroom consumables player in the DACH region. The company has established a robust market presence through its experienced commercial sales force and strategic distribution partners. This success is further bolstered by maintaining strong relationships with suppliers and leveraging its strong technical expertise. Besides strengthening Dastex’s market positioning in the DACH region, the addition of pure11 will further improve the product offering of the Group, diversify end-market exposure, and enable Dastex to integrate a strong management team in place at pure11.” 

The owner and Managing Director of pure11, Julian Kropp, added: “I am incredibly proud of the pure11 team’s success over the past years. The strategic combination with Dastex is the right move for pure11, which will enable us to reach ambitious growth targets even faster by leveraging the combined strengths of two top notch companies. The entire management team and I are excited to start the next chapter, as there couldn’t be a better partner sharing our values of strong commitment, excellence in services, and product innovation. We are convinced that our customers, suppliers, and employees will benefit significantly from this new partnership.”

Linda Vereycken, CEO of Dastex, stated: “Alongside the rest of our management team, I am delighted to announce the strategic acquisition of pure11, which promises mutual benefits and growth for the Group. Pure11 has rapidly built its market position in Germany and neighboring countries. Acquiring pure11 consolidates the strengths of two complementary firms, enhancing our cleanroom expertise and services. This move is a significant stride toward establishing our position as one of the leading cleanroom specialists in the EU, with the goal of becoming the most trusted partner for our clients. This acquisition highlights Dastex’s ability to identify opportunities that align with our values, vision, and European expansion strategy.”

Riverside acquired Dastex and its first add-on Vita Verita mid-2023. Continuing its buy-and-build strategy, the company added AET, a leading independent player in Norway, in April 2024. The acquisition of pure11 marks another step towards building a leading European platform in cleanroom contamination control, well-positioned to grow organically and via acquisitions. Dastex serves the resilient and growing cleanroom industry, helping customers in pharmaceuticals, life sciences, semiconductor and other high-tech industries to meet ever stricter quality and regulatory standards.

Working with Gaudin on the deal for Riverside were Vice Presidents Maxime Meulemeester and Nicola Tomaschko, Senior Associate Sebastiaan Pauwels and Senior Legal Counsel Peter Parmentier.

About The Riverside Company

The Riverside Company is a global investment firm focused on being one of the leading private equity and flexible capital options for business owners and portfolio company employees 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.

Riverside Europe is an integral part of the Riverside’s broad global network and has been active in Europe since 1989. Riverside believes a truly global presence provides insight into local conditions, culture and business practices, making team members better business partners. For more information, visit: www.riversidecompany.com.

Contact:

Keith Davisson

Marketing Consultant

The Riverside Company

+1 216 -535 -1777

kdavisson@riversidecompany.com

Henrietta Hirst

Partner

Hydra Strategy

+44 7880 742 375

henrietta.hirst@hydrastrategy.co.uk

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RiskBlue Launches Contract Management Software for Builder’s Risk and Water Mitigation Contracts

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53 mins ago

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October 2, 2024

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RiskBlue introduces a transformative software solution to manage high-rise construction risks and streamline insurance processes.

LONDON, Oct. 2, 2024 /PRNewswire-PRWeb/ — RiskBlue, a new venture from RiskClock, announces the launch of its innovative contract management software, specifically designed to assist insurance brokers and developers in efficiently managing high-rise Builder’s Risk and Water Mitigation contracts. The platform aims to enhance water insurance risk control and management in the construction and operational property sectors.

Under the leadership of serial entrepreneur Diogo Beltran, RiskBlue delivers a user-friendly interface that offers the construction industry’s most reliable water risk controls, sourced from reputable providers. This ensures all parties involved in a project are aligned with the project’s controls and schedule, securing investments and enhancing management practices across the industry.

“Our goal at RiskBlue is to redefine the standard for risk management in construction and operational properties,” Diogo Beltran explained. “We are committed to bridging the gap between risk assessment and mitigation, providing a platform that ensures both are handled with the utmost efficiency and reliability.”

RiskBlue’s software facilitates streamlined underwriting processes for Builder’s Risk and Water Mitigation contracts by providing tools that help forecast, evaluate, and manage potential water-related hazards. This proactive approach aids in preventing delays and overruns, keeping projects within budget and on schedule.

“The construction sector often faces challenges with water-related risks that can derail projects. Our software provides a strategic advantage by integrating detailed risk evaluations and mitigation strategies into one central system,” added Beltran. “This allows stakeholders to maintain tight control over project timelines and budgets, significantly reducing the risk of costly setbacks.”

The platform not only serves as a critical tool for insurance brokers and developers but also fosters a collaborative environment by connecting them with leading solution providers. This collaboration ensures that all mitigation strategies are comprehensive and tailored to the specific needs of each project.

RiskBlue is now available for industry professionals who are looking to enhance their risk management capabilities and protect their construction and operational investments from water-related risks.

For additional details on how RiskBlue can transform your approach to managing construction risks and to schedule a demo, please visit https://www.riskblue.com.

About RiskClock

Established by Diogo Beltran, RiskClock is renowned for its innovation in construction technology, focusing on pioneering solutions that enhance the safety and efficiency of construction and operational projects. RiskClock continues to lead the way in developing cutting-edge technology solutions for the industry.

Media Contact

Diogo Beltran, RiskBlue, 888-888-8888, diogo.beltran@riskclock.com, https://www.riskblue.com/

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SOURCE RiskBlue

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Skanska signs supplemental award for data center in Georgia, USA, for USD 80M, about SEK 840M

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53 mins ago

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October 2, 2024

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STOCKHOLM, Oct. 2, 2024 /PRNewswire/ — Skanska has received a supplemental award with an existing client to build additional data halls at a data center in Georgia, USA. The supplemental award is worth USD 80M, about SEK 840M, which will be included in the US order bookings for the third quarter of 2024.

The project is the construction of four additional data halls on a previous data center site in Georgia.

Work is underway and is scheduled for completion in the third quarter of 2025.

For further information please contact:

Ashley Jeffery, Communications Mgr, Skanska USA Building, tel +1 813 459 3682

Andreas Joons, Press Officer, Skanska AB, tel +46 (0)10 449 04 94

Direct line for media, tel +46 (0)10 448 88 99

This and previous releases can also be found at www.skanska.com.

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/skanska/r/skanska-signs-supplemental-award-for-data-center-in-georgia–usa–for-usd-80m–about-sek-840m,c4045660

The following files are available for download:

https://mb.cision.com/Main/95/4045660/3033638.pdf

20241002 US data center addition

 

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SOURCE Skanska

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Fractus expands IoT patent licensing program signing ADT agreement and ending litigation

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53 mins ago

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October 2, 2024

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BARCELONA, Spain, Oct. 2, 2024 /PRNewswire/ — Fractus, a leader in in antenna technology and IP licensing, announced today the successful signing of a patent licensing agreement with ADT, the market leader in connected alarm systems in the United States. With this agreement, Fractus continues to assert its leadership in IP and antenna technology, further strengthening its position in the rapidly evolving Internet of Things (IoT) sector.

Fractus has achieved a significant milestone by securing a new licensing agreement with ADT, following a patent infringement lawsuit it filed in October 2022 against both ADT and Vivint (case 2:22-cv-00412-JRG and 2:22-cv-00413-JRG) over internal antenna technology critical to alarm security systems. This deal, which adds to the agreement reached earlier this year with Vivint, consolidates Fractus’ position as a key technology provider in the Internet of Things (IoT) market. By expanding its base of licensees within the IoT ecosystem, Fractus reaffirms its commitment to protecting and monetizing its intellectual property.

“We are proud to announce this significant agreement with ADT,” said Jordi Ilario, COO and VP at Fractus. “The IoT landscape is diverse and fragmented, but we remain focused and resilient in leveraging our patent portfolio. This agreement is a testament to our ongoing efforts to drive revenue through IoT licensing and explore new areas of development.”

“Our success in sectors such as network infrastructure and mobile phone OEMs underscores the value of our innovations,” said Ruben Bonet, CEO of Fractus. “The progress we’ve made this year positions us optimistically for future growth and further expansion within the IoT sector.”

Fractus was represented by the top-tier law firm Susman Godfrey. “We are pleased to continue our more than decade-long history of successfully representing Fractus, which stretches back to 2011 with a jury verdict in favor of Fractus against Samsung,” said Max Tribble, a Susman Godfrey lawyer.

About Fractus

Fractus is an early pioneer in developing antenna technology for smartphones, tablets and other wireless Internet of Things devices and holds an intellectual property rights portfolio of more than 40 inventions protected through over 120 patents and patent applications in the United States, Europe and Asia. Among the numerous awards and honors the company has received for its innovative work, Fractus was named a 2005 Davos World Economic Forum Technology Pioneer and one of Red Herring’s top innovative companies for 2006. It also won the 2004 Frost & Sullivan Award for technological innovation and the 2010 National Communication Award of the Catalan Government in the telecommunications category. A team of Fractus inventors was finalist for the EPO European Inventor Award 2014. On November 2015, Fractus was awarded Academiae Dilecta by the Spanish Royal Engineering Academy and on April 2017 received the “European Inspiring Company Award” by the London Stock Exchange and the Elite Group.

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View original content:https://www.prnewswire.co.uk/news-releases/fractus-expands-iot-patent-licensing-program-signing-adt-agreement-and-ending-litigation-302264328.html

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