Blue Water Energy and Nixon Energy Investments have agreed to acquire the oil and gas drill bits division of Swedish group Varel, amounting to a 70% stake in the company, for $90m (SEK 900m).
This is the first divestment made by Nazca IV, a €275m vehicle raised by the GP in 2016
With the latest acquisition, IT Relation will add cybersecurity as its fourth business area, alongside cloud services, business consultancy and professional services
Industrial energy efficiency equipment producer sold its Poland-based operations in April 2020
Horizon bought a majority stake in Timico in 2016 via a deal valuing the company at more than £50m