Tag Archives: Global Energy

News, Politics, Government

SAPVoice: SAP Gives Coffee Farmers in Colombia a Boost of Global Energy

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By Susan Galer, AdVoice

Most people might not automatically put SAP and coffee in the same sentence. In fact, SAP’s customers produce more than 82 percent of the coffee and tea that people the entire world drink each day. Now the company has partnered with the Federación de Cafeteros de Colombia on a project designed to improve the lives of coffee farmers in The Republic of Colombia, the fourth largest producer of coffee in the world. As a result, 5,000 coffee farmers will have mobile tablets in their hands, providing anywhere, anytime connectivity to information vital for better decision-making. …read more

Source: FULL ARTICLE at Forbes Latest

Business, Finance, Occupation & Industry

Ecolab Reaches Consent Agreement with U.S. Department of Justice on Champion Acquisition

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By Business Wirevia The Motley Fool

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Ecolab Reaches Consent Agreement with U.S. Department of Justice on Champion Acquisition

Ecolab expects to close on Champion purchase in the next several days

Acquisition will strengthen Ecolab’s position in fast-growing energy services market

ST. PAUL, Minn.–(BUSINESS WIRE)– Ecolab Inc. announced today that it has entered into a consent agreement with the U.S. Department of Justice (DOJ), which has been filed in the US District Court for the District of Columbia. As a result, Ecolab expects to complete the Champion acquisition within the next several days.

The consent agreement with the DOJ requires Ecolab to take certain steps designed to ensure continued independent competition utilizing Champion technology for deepwater Gulf of Mexico energy services. The steps include divesting, to a suitable third party, Champion patented technology related to a single product used in the Deepwater Gulf of Mexico, licensing certain other Champion deepwater chemistry to the third party for use in the Deepwater Gulf of Mexico, providing an option to the third party to purchase a Champion chemical blending facility, manufacturing relevant products for the third party for a limited period and enabling the third party to recruit certain Champion employees needed to support the business. Importantly, the consent agreement impacts only about 3% of Champion’s business. Also, going forward Ecolab will continue to be able to serve customers in the Deepwater Gulf of Mexico region utilizing the Nalco team and technology.

Douglas M. Baker, Jr., Ecolab’s Chairman and Chief Executive Officer commented on the announcement, saying, “We are pleased to have reached an agreement with the DOJ on this matter. We also remain very excited about the potential of this transaction. The reasons we were attracted to Champion in the first place remain solidly in place. Champion strengthens our position in the fast-growing oil and gas services industry. It bolsters our ability to better serve customers by bringing important and complementary geographic and technology strengths to our Global Energy business – particularly in the upstream production area – and enables us to more fully capitalize on the significant developing oil and gas market opportunities. In addition, we expect that it will provide attractive earnings accretion, adding approximately $0.07 to 2013 earnings per share and rising to $0.50 by 2016.

“This transaction is an important strategic investment in a key growth area. We look forward to welcoming …read more

Source: FULL ARTICLE at DailyFinance