Please enable JavaScript in your web browser settings, under the site permissions section to unlock full site functionality. Click here for help.

Article Image - Bär & Karrer Advises De Beers Purchase of Equity Stake in Synova

Posted 8th July 2015

Bär & Karrer Advises De Beers Purchase of Equity Stake in Synova

Bär & Karrer Advises De Beers Purchase of Equity Stake in Synova

Scroll to keep reading

Bär & Karrer Advises De Beers Purchase of Equity Stake in Synova

Bär & Karrer Advises De Beers Purchase of Equity Stake in Synova

View Biography

The De Beers Group of Companies announced that it has acquired a 33.4 per cent equity stake in Synova SA (Synova).

Synova is a Swiss-based owner and supplier of a patent protected laser micro jet (LMJ) technology. The innovative technology has the potential to help diamantaires achieve higher yields, reduce the risk of damage to stress stones, and generate higher throughput due to faster cutting time and easier processing.

The transaction supports De Beers’ strategy of developing technologies that support and enhance the long-term value of diamonds.

De Beers will work with Synova to develop a fully automated cutting and shaping technology, with LMJ at its core, which it is hoped will offer further efficiencies to cutting and polishing businesses.

Philippe Mellier, CEO of De Beers Group, said: “This investment is another example of our continued commitment to technology. We have had great success with our technologies related to rough diamond sorting, inscription and grading for the Forevermark programme and synthetic detection. We believe this new cutting technology has the potential to play an important role in the diamond industry, as efficiency becomes ever more important for diamantaires.”

Categories: Legal, M&A

You Might Also Like

One In Two Businesses Feel Behind The Tech Curve

16/01/2020One In Two Businesses Feel Behind The Tech Curve

Brexit to widen the tech gap between agile businesses and those that will struggle to survive.

The Key to Unlocking Success: Post-Merger Integration – Synergy and Value

15/04/2015The Key to Unlocking Success: Post-Merger Integration – Synergy and Value

Bryan Brighton is the Regional Director at Merrill DataSite. Based in their European Headquarters, London, Bryan supports the International growth of the Merrill DataSite business. He spoke to AI about how he delivers success for his company.

How to Raise Your Business Reputation When You Are On a Budget

26/07/2021How to Raise Your Business Reputation When You Are On a Budget

Running a business operation comes with a range of different challenges. One of the most common hurdles involves dealing with your company’s reputation and how to raise it. Fortunately, there are many things that you can do to build your brand, especially if

Cybersecurity Strategy In 2024: How Can AI Improve It?

17/11/2023Cybersecurity Strategy In 2024: How Can AI Improve It?

Making sure that you’re safe and secure online has become a priority, not only for businesses but for people in their daily lives. When you’re looking into cybersecurity strategies, counting on AI as a powerful tool is the way to go. Research indic

Safety Considerations Your Fleet Company Cannot Afford to Overlook

19/07/2022Safety Considerations Your Fleet Company Cannot Afford to Overlook

Every type of business and job has some element of safety that needs to be a top priority. While there are safety considerations that are essentially universal, there are also many that are a great deal more specific. When you are the owner of a fleet company,

Extracting Value from Sustainability Requirements

Corporate Social Responsibility

01/04/2016Extracting Value from Sustainability Requirements

Don’t gamble on waiting for regulation to require you to run a sustainable business. Start differentiating your business now.

National and International Financial Reporting Standards

01/06/2016National and International Financial Reporting Standards

BDO Bulgaria are amongst the leading independent consultants, auditors and accountants on the Bulgarian market.

Managing Weather-Related Surface Risks on Commercial Properties: Implications for Vehicle and Fleet Safety

29/01/2026Managing Weather-Related Surface Risks on Commercial Properties: Implications for Vehicle and Fleet Safety

Adverse weather conditions present ongoing operational challenges for commercial properties, influencing vehicle safety across parking areas, access roads, and service zones. Rain, ice, freezing temperatures, snow, and reduced visibility can materially affect

Aurum and Humavox Sign Agreement for Merger

27/06/2016Aurum and Humavox Sign Agreement for Merger

Aurum, Inc has announced that they have entered into a binding term sheet with the shareholders of the Israeli company Humavox Ltd, who create wireless charging solutions.

View More Articles

Our Trusted Brands

Acquisition International is a flagship brand of AI Global Media. AI Global Media is a B2B enterprise and are committed to creating engaging content allowing businesses to market their services to a larger global audience. We have a number of unique brands, each of which serves a specific industry or region. Each brand covers the latest news in its sector and publishes a digital magazine and newsletter which is read by a global audience.

MORE BRANDS