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Cambi ASA M&A Activity 2023
3566_rns_2023-01-19_7b2dab0b-0d6b-4f25-9171-3411f6fa39f4.pdf
M&A Activity
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Cambi ASA
Skysstasjon 11A PO Box 78 1371 Asker Norway
+47 66 77 98 00 [email protected] www.cambi.com
For Immediate Release
Cambi commences the THP upgrade project at Ringsend in Dublin
Asker, Norway, 19 January 2023
Reference is made to the previous stock exchange notice by Cambi ASA on 3 September 2021 regarding a framework agreement signed with Irish Water.
Cambi has now entered an Equipment Supply Agreement (ESA) with Murphy Process Engineering, Irish Water's main contractor, for a comprehensive Sludge Line Enhancement project at the Ringsend wastewater treatment plant in Dublin.
Early Works comprising detail engineering commence today and are expected to be completed in the first half of 2023. Procurement, manufacturing and site work will follow, pending a notice to proceed. The contract value for the upgrade project is classified as a sizeable contract for Cambi. The received Early Works order amounts to 20% of the contract value.
The project progresses as indicated in September 2021, with completion envisaged before the end of 2024.
For more information, please contact:
Mats Tristan Tjemsland, CFO, +47 920 67 094 Tord Finstad, Managing Director Services, +47 947 87 799
Note:
When announcing new contracts, Cambi describes the contract value using the following classification:
| Contract | Sizeable contract | Large contract | Major contract | |
|---|---|---|---|---|
| Value in NOK million | 15-50 | 50-100 | 100-200 | >200 |
About Cambi:
Cambi is a global biogas technology and solutions supplier for wastewater treatment plants and anaerobic digestion facilities. Since 1992, Cambi has retained market leadership through continuous innovation and a robust portfolio of proven and patented technologies. With strong project delivery and customer support capabilities, the company has delivered many well-performing installations in 26 countries on six continents.
Cambi's thermal hydrolysis process increases renewable energy output, reduces operational costs, and minimises greenhouse gas emissions. It is suitable for all biosolids outlets, including land application and thermal processes such as drying, pyrolysis, and incineration. Thermal hydrolysis is compatible with all sludge and waste treatment regulations and easy to integrate at new and existing anaerobic digestion sites.
Cambi is listed on Euronext Growth Oslo, a multilateral trading facility part of Euronext, the largest stock exchange platform in Europe. Find out more at cambi.com.