O&L Group goes international

PHILLEPUS UUSIKUThe Ohlthaver & List (O&L) Group, Namibia’s largest private Group has acquired the majority stake in CRONIMET Mining Power Solutions GmbH, a German-based renewable energy project development, investment and asset management company from the exiting shareholder CRONIMET Mining AG in Switzerland. The merger comes after half a decade of successfully partnering with CRONIMET in Namibia through a joint venture. In cementing the corporate merger, the O&L Energy business and CRONIMET will henceforth adopt its new trade name and brand, “O&L Nexentury”. O&L Group executive chairman, Sven Thieme and chief executive officer (CEO), Wessie van der Westhuizen welcomed the new member to the O&L family and portfolio, stating that “In line with our Vision 2025 Breakthrough Strategy of ‘being a catalyst for positive change, creating new realities and fulfilling dreams. We are excited to welcome on board O&L Nexentury as we continue unlocking and maximizing synergies and value for renewable energy and long-term sustainable business for both the Group and our external customers, they added.This exciting new partnership is a big leap in the O&L Group’s quest of venturing beyond borders. The projects successfully completed by O&L Energy and its partners have proven that we can compete with the best in the world and therefore it is time to take this Namibian business to the world.”DiversificationRollie Armstrong and Steffen Kammerer, directors of O&L Nexentury GmbH said, “we are thrilled to officially be part of the O&L family after many successful years as partners as we inaugurate our next century by building a future together that enhances life and grows a profitable and long-term sustainable business. With this merger, the two companies have aligned their renewable energy and sustainable infrastructure business models to expand development and asset aggregation throughout Africa and into Europe.Capitalized with the O&L Group’s rich Namibian history, its corporate culture and 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.” Gunni Hanke, O&L Group chief operations officer and Bernd Walbaum, director of O&L Nexentury GmbH said, “with this merger the O&L Energy Business enters into a new and very exciting era”.

O&L Group goes international

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Republikein 2025-05-09

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O&L Group goes international

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Republikein 2025-05-09

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