The UK competition watchdog on Wednesday said it has cleared the sale of oil services firm John Wood Group PLC’s nuclear business. The sale of the nuclear business was announced in August 2019. US-based Jacobs Engineering Group Inc will be taking it on for USD305.0 million, and Jacobs had agreed a GBP7.5 million payment if UK regulator the Competition & Markets Authority had blocked the deal. However, the CMA said Wednesday it will not be referring the sale to a phase two investigation.
London South East 4th March 2020 read more »
Scene Connect has won the backing of Energy Systems Catapult’s Innovator Support Platform (ISP) – a UK-wide “innovator challenge” backing digital and data-driven small and medium-sized enterprises (SMEs) which could contribute to achieving an energy system with net-zero carbon emissions. All six qualifying firms will receive tailored business support from both the accelerator’s in-house technical services, tools and expertise, as well as from its network of around 40 businesses to speed up the process of either getting their product to market or scaling up Scene Connect has developed a digital platform which lets suppliers sell power and heat “as a service” – instead of in kilowatt hours – by calculating bespoke tariffs for their customers.
Scotsman 4th March 2020 read more »