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Press Release 12.12.2018

Carmanah Announces Agreement to Sell Assets to SPX Corporation  

Carmanah Technologies Corporation announced today that it has entered into a purchase agreement regarding the sale of a significant portion of the assets of the Company to SPX Corporation.  The assets being sold include all of the issued and outstanding equity interests of each of Sabik Oy, Sabik Oü, Sabik PTE Ltd., and Sabik Ltd., and their respective assets (collectively, “Carmanah’s Marine business”), the business and assets the Company’s Airfield Ground Lighting business, its Aviation Obstruction Lighting business as well as some miscellaneous business assets that support the businesses to be sold. Read more on the Press Release

 

Carmanah To Acquire Vega Industries Limited

CARMANAH CLOSES PURCHASE OF VEGA LIMITED

We are excited to share that effective August 1, 2017, Carmanah Technologies Corporation (Carmanah) has acquired Vega Industries Limited (Vega). This acquisition brings together Sabik Marine, Carmanah, Ekta, and Vega to create a global leader in the marine aids-to-navigation market.

Read more on the Press release.

 

Partner meeting in Sabik Marine premises, Porvoo Finland in October 2017. Persons from the left: Jeff Gibson (Hydro-sphere), Alan Tassell (Sabik), Andy Reid (Hydrosphere), John Caskey (Hydrosphere), Lars Mansner (Sabik), Nick Sims (Sabik).

SABIK MARINE AND HYDROSPHERE TEAM UP IN THE UK AIDS-TO-NAVIGATION MARKET


Sabik Ltd and Hydrosphere UK Ltd have agreed on a partnership for sales and marketing of marine aids-to-navigation solutions in the United Kingdom, Isle of Man and the Channel Islands.


Background for this partnership is the Carmanah acquisition of Vega Industries earlier this year and adding Vega to Carmanah’s Marine Division which is led by Sabik Marine. Hydrosphere has a long history of being Vega’s distributor in the UK market and now this new partnership enables Hydrosphere to offer clients an even wider range of products and services; the whole combined brand portfolio of Sabik Marine: Sabik, Carmanah, Ekta and Vega.


“We’re pleased to now offer a complete range of products with the new partnership and look forward to working with Sabik to enhance the customer experience from tender all the way through to after-sale support” states John Caskey, Managing Director of Hydrosphere. Nick Sims, Head of Sales from Sabik Ltd, UK continues “Together with Hydrosphere we are stronger than ever in the UK aids-to-navigation market and we look forward to serving our customers with more resources and expertise than ever before”.
Photo:

Read more on the Press release.