TORONTO, Feb 25 (Bernama-GLOBE NEWSWIRE) -- OMERS Infrastructure is proud to announce it has acquired a 22.4% interest in IndInfravit Trust (“IndInfravit”), for a total consideration of INR 8.7 billion (C$160 million).
IndInfravit holds a portfolio of five operational toll road concessions which were initially constructed and operated by L&T Infrastructure Development Projects Limited (“L&T IDPL”), a subsidiary of Larsen & Toubro Limited (“L&T”). The five roads operate in some of the Republic of India’s most economically vibrant states and support the country’s growing economy. IndInfravit is a platform well placed to play a key role in the future through additional investments in the road infrastructure in India. “IndInfravit is a well-managed, world-class core infrastructure asset. This investment provides an attractive entry point into India, one of the most dynamic markets globally, alongside well-trusted partners,” said Bruce Crane, Managing Director, who leads the efforts for OMERS Infrastructure in Asia and moved to Singapore last year. “We look forward to working constructively with the other unitholders, management and all local stakeholders to grow this platform in the coming years,” he added. IndInfravit is listed on the National Stock Exchange of India Limited (“NSE”) as well as BSE Limited (“BSE”), and the other unitholders include Canada Pension Plan Investment Board (“CPPIB”), Allianz Capital Partners (“ACP”), L&T IDPL and other institutional investors. “The investment in IndInfravit marks not only our first infrastructure investment in India, but also demonstrates our commitment to investing in the Asia Pacific region following our office opening in Singapore in 2018,” said Ralph Berg, Executive Vice President and Global Head of OMERS Infrastructure. “Our investment in IndInfravit aligns with our strategy to diversify our portfolio and generate value for OMERS plan members. At the same time, we will participate in the expansion of the Indian economy by investing into crucial infrastructure. Today’s announcement also represents an opportunity to deepen our relationships with ACP, CPPIB and L&T,” he added. L&T IDPL sponsored the IndInfravit Trust and is also acting as its Project Manager and its subsidiary is acting as the Investment Manager for IndInfravit. L&T is one of the largest multi-national firms and a leading construction company in India, with strong focus on the infrastructure sector. Ambit Private Limited acted as financial adviser to OMERS Infrastructure. About OMERS Infrastructure OMERS Infrastructure invests globally in infrastructure assets on behalf of OMERS, the defined benefit pension plan for municipal employees in the Province of Ontario, Canada. Investments are aimed at steady returns to help deliver secure and sustainable pensions to OMERS members. OMERS Infrastructure’s diversified portfolio of large-scale infrastructure assets exhibits stability and strong cash flows, in sectors including energy, transportation and government-regulated services. OMERS has employees in Toronto and other major cities across North America, the U.K., Europe, Asia and Australia. OMERS is one of Canada's largest defined benefit pension funds, with net assets of more than C$95 billion. Visit www.omersinfrastructure.com for more information. CONTACT INFORMATION: OMERS: Neil Hrab Manager, External Communications and Media Relations [email protected] 416-369-2418 SOURCE : Ontario Municipal Employees Retirement System
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KUALA LUMPUR, Feb 20 (Bernama) -- European unmanned warfare systems developer, Milrem Robotics and Electro Optic Systems (EOS) have jointly brought lightweight 30mm lethality to the unmanned ground vehicle (UGV) market. Exhibited at IDEX 2019 in Abu Dhabi, the weaponised warfare system features the THeMIS UGV equipped with the R400S – Mk2-HD (dual) RWS mounting 30mm ATK M23 LF cannon and a coaxial 7.62mm GPMG. The remotely operated vehicle enhances a land force’s firepower; situational awareness due to advanced sensors; increases stand-off distance, and is especially, effective against light armoured vehicles. According to a statement, the vehicle can also be equipped with autonomous functions used for area or perimeter patrolling for which the system will always be under the control of a human (man-in-the-loop). “Due to the system’s light weight and size, our joint product can be rapidly deployed with mounted and/or dismounted units, requiring less logistical effort,” said Milrem Robotics chief executive officer, Kuldar Väärsi. This is the first integration project for the two companies and the largest calibre cannon fitted to the THeMIS platform. Milrem Robotics and EOS are planning to test-fire the system as soon as possible. -- BERNAMA KUALA LUMPUR, Feb 19 (Bernama) – The ASEAN-Japan Centre (AJC) recently organised the 3rd ASEAN-Japan Women Entrepreneurs’ Linkage Program (AJWELP), co-hosted by SME Corporation Malaysia here. The governments of the ASEAN Member States and Japan are committed to promote development of micro, small and medium enterprises, including women entrepreneurs’ empowerment to enhance more gender equality societies. To boost the effort, AJC launched AJWELP, a support programme for women entrepreneur start-ups in ASEAN Member States to forge linkages among start-ups, companies and mentors. AJWELP was first held in Manila, the Philippines in 2016, followed by Jakarta, Indonesia in 2017. Malaysia’s Deputy Prime Minister Datuk Seri Dr Wan Azizah Wan Ismail delivered a keynote address, sharing facts of women-owned SMEs in Malaysia and how the Malaysian Government supported them. Dr Wan Azizah, who is also women, family and community development minister, said the programme would have greater success in empowering women within the ASEAN region as it was already in its third consecutive year of implementation. The programme highlighted a business presentation where start-ups from the 10 ASEAN Member States presented their businesses and challenges. Representatives of companies and mentors, who are also senior entrepreneurs attended the presentation. After the event, company representatives decided which start-ups they would support, in line with company businesses. The co-founder of Kloth Malaysia, Nik Suzila Nik Hassan is the finalist for Malaysia. Kloth Malaysia is a textile recycling company. Meanwhile, Hernan Corporation Sdn Bhd Group Chief Executive Officer, Anna Teo is the Malaysian mentor in the programme. AJC is an inter-governmental organisation, established by the ASEAN Member States and Japan in 1981. It has been promoting exports from ASEAN to Japan while revitalising investment, tourism as well as people-to-people exchanges. -- BERNAMA SAN FRANCISCO, Feb 20 (Bernama-BUSINESS WIRE) -- BTS, a leading global strategy implementation firm, was recently named a Top 20 Assessment and Evaluation Company by Training Industry. This marks the 32nd award BTS received in 2018.
With decades of experience in the assessment and industrial/organizational psychology space, BTS has developed a strong research-backed point of view. BTS’ wide range of cutting-edge assessments combine traditional techniques like psychological tests and behavioral observation with customized leadership and business simulation exercises. 2018 innovations to BTS assessments include the incorporation of customized simulations to provide more realistic, “day-in-the-life” experiences, and fully digital capabilities, allowing assessments to be administered from both on-site and virtual/remote locations in an immersive, engaging, highly scalable environment. BTS has also developed a new approach to situational judgement tests, evaluating an employee’s behavioral judgements during the critical moments throughout the day. Selection to the 2018 Training Industry Top 20™ Assessment and Evaluation Companies List was based on:
“It is an honor to be named to Training Industry’s Top 20 Assessments and Evaluation Companies,” said Dr. Sandra Hartog, Partner and Head of BTS Assessments. “BTS has a wide range of solutions that can be used across the employee lifecycle, from selection to development at all levels. We are excited to continue developing new technologies and advancing these capabilities in the future.” BTS Group AB BTS is a global strategy execution firm headquartered in Stockholm, Sweden. We focus on the people side of strategy, working with leaders at all levels to help them make better decisions, convert those decisions to actions and deliver results. For over 30 years, we've been designing fun, powerful experiences that have lasting impact on people and their careers. It’s strategy made personal. View source version on businesswire.com: https://www.businesswire.com/news/home/20190219005820/en/ Contact Rommin Adl EVP, Marketing [email protected] +1 (203) 391-5223 Source : BTS --BERNAMA KUALA LUMPUR, Feb 20 (Bernama) -- Publisher-focused sell-side platform, PubMatic, through its fourth 2018 Quarterly Mobile Index (QMI), has indicated five key trends for capitalisation by publishers and advertisers this year.
The trends are: in-app opportunities propel mobile into leadership position in digital video; in-app header bidding begins to take hold; advertisers increasingly leverage private marketplaces to improve in-app quality; in-app monetisation thrives, while mobile web experiences greatest growth; and, holiday shopping boosts mobile ad spend globally. According to widely cited research provider eMarketer, for the first time, mobile is forecast to account for over one-third of global ad spend in 2019, becoming a more than US$230 billion market. (US$1 = RM4.07) “Mobile is undeniably, a huge growth driver for the programmatic industry, spurred by huge opportunities available in-app,” said PubMatic chief marketing officer and head of US publisher development, Jeff Hirsch. “PubMatic is committed to advancing the technologies and services that will empower our clients to embrace programmatic in-app advertising,” he noted. PubMatic’s report found that in-app video ad spend increased over 200 per cent year-over-year in 2018 as buyers embraced in-stream opportunities. Header bidding technology also began to take hold within the in-app environment, as impression volumes grew over 300 times year-over-year last year. With this report, publishers and media buyers will be armed with insights into the trends and innovations impacting this burgeoning market and better positioned to capitalise on the growing opportunities available in-app. The PubMatic platform is for an open digital media future. It is headquartered in Redwood City, California, operating 13 offices and six data centres worldwide. -- BERNAMA |
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