Namibia: CRONIMET Mining Power Solutions GmbH merges with Ohlthaver & List Group

  • 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

Leave A Reply

About Author

Green Building Africa promotes the need for net carbon zero buildings and cities in Africa. We are fiercely independent and encourage outlying thinkers to contribute to the #netcarbonzero movement. Climate change is upon us and now is the time to react in a more diverse and broader approach to sustainability in the built environment. We challenge architects, property developers, urban planners, renewable energy professionals and green building specialists. We also challenge the funding houses and regulators and the role they play in facilitating investment into green projects. Lastly, we explore and investigate new technology and real-time data to speed up the journey in realising a net carbon zero environment for our children.

Copyright Green Building Africa 2024.