Fernweh Group Expands Global Footprint with Strategic Acquisition of Sun Industrial Group by Calvin Power Services

 

What does the Fernweh Group’s acquisition of Sun Industrial Group by Calvin Power Services suggest about the evolving landscape of the energy and industrial sectors?

Energy Sector Reporter Michelle Dawn Mooney finds the Fernweh Group’s latest maneuver indicative of a more significant trend towards consolidation in service-focused businesses within these sectors. She underscores the significance of this strategic move by quoting Jared “Smiley” Smith, President of SIG: “The combination of Sun Industrial Group with Calvin Power signifies the next great chapter in this customer-focused business. We are excited about the service opportunities with marquee clients and sharing our knowledge and experience with other Calvin Power businesses in the future.”

Follow us on social media for the latest updates in B2B!

Image

Latest

America's crude oil dominance
America’s Crude Oil Dominance Helped Avoid a Recession. Here’s Why the US Shouldn’t Bow Down to Renewable Energy Pressure
May 2, 2024

Recent data from the US Energy Information Administration (EIA) reveals that the US has maintained its position as the world’s leading crude oil producer for the past six years, achieving production levels unprecedented in global history. This milestone comes amid shifting geopolitical dynamics and evolving energy policies, raising significant questions about America’s role in […]

Read More
AI-powered exit technology
AI-Powered Exit Technology Can Ease Checkouts, But Larger Stores May Grapple with Scalability Issues
May 2, 2024

In recent developments, Sam’s Club has initiated the deployment of AI-powered exit technology across more than 120 of its retail locations, aiming to enhance customer experience by significantly reducing wait times. This move emerges as a contrasting response to Amazon’s recent pullback from its Just Walk Out technology, which allowed customers to shop without […]

Read More
profitability challenges
New Pricing Strategies and Charging Standards Are Crucial to Mitigate Profitability Challenges in the EV Sector
May 2, 2024

Recent fluctuations in Tesla’s quarterly earnings and a general moderation in the growth of electric vehicles (EVs) in the U.S. market have raised concerns about the profitability challenges facing the EV industry. Despite an initial explosive growth, the increase in market share is showing signs of slowing down. These shifts occur amidst a broader […]

Read More
Domestic EV Manufacturers Can Prosper with Streamlined Supply Chains and Cost-Effective Batteries
May 2, 2024

Electric vehicles (EVs) are shifting from a niche market for early adopters to a mainstream consumer choice. With this new trend, manufacturers face the daunting challenge of how to lower costs while simultaneously improving the affordability and profitability of these vehicles in the U.S. market. This shift necessitates a deep dive into the complex […]

Read More