Cavotec announces a review of former Cavotec INET management
The Board of Directors of Cavotec SA has initiated an investigation, which is currently underway, focusing on certain practices of two individuals at Cavotec's US-based INET operations.
Cavotec acquires US-based INET Airport Systems
Cavotec is pleased to announce that its Board of Directors has unanimously approved the acquisition of INET, a leader in the engineering and manufacturing of ground support equipment (GSE) based in USA. The acquisition is an asset deal with the consideration including the issue of 7.7 million shares at NZD 3.30 per share and a potential earn-out of maximum USD 4 million upon fulfilment of certain
Cavotec and INET partner on GSE project for Dubai International Airport’s Emirates Airlines A380 terminal
Cavotec, and ground support equipment integrator, INET Airport Systems, are to collaborate on a recently announced project for the supply of pre-conditioned air and power systems for Dubai International Airport’s dedicated Emirates Airlines A380 terminal.