- After half a decade of successfully partnering with CRONIMET in Namibia through a joint venture, O&L has acquired the majority stake in what was CRONIMET Mining Power Solutions GmbH, from the exiting shareholder CRONIMET Mining AG, in Switzerland.
The merger has culminated in a new trade name and brand “O&L Nexentury”. As of August 2020, “CRONIMET Mining Power Solutions” will no longer be marketed and from this point on our company and its subsidiaries will operate under the trade name and brand O&L Nexentury GmbH.
With this merger, the two companies aligned their renewable energy and sustainable infrastructure business models to expand development and asset aggregation throughout Africa and into Europe. Capitalized with O&L Group’s rich Namibian history, its corporate culture and its financial muscle and combined with what was CRONIMET’s project development expertise, team diversity and track record, the new O&L Nexentury is set to be a major international force.
Author: GBA News Desk
