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The industry has a promising future and Capinnova therefore decided to acquire a $22m minority stake in SMMP, a leading medical disposables manufacturer in Saudi Arabia.
We are delighted to become a part of SMMP and look forward to synergise SMMP's and Capinnova's wealth of knowledge and expertise to further propel the company on to a faster growth trajectory," he said.
The purpose of the SMMP Programme is to investigate whether it is possible to make a step change impact in the Levelised Cost of Energy (LCOE) by constructing typical wave energy converter devices from alternative materials.
Finally, there is a comprehensive resource offering real world strategies on how to put together the best SMMP possible, regardless of whether a program is just starting out or well on its way.
Most companies that are looking to reap the benefits of an SMMP either don't know where to start or are concerned about the initial investment into the program," said Dave Sonricker, Senior Vice President of Industry Relations and Technology Solutions at BCD M&I.
For many companies, deploying all the advanced components of an enterprise SMMP from the start is prohibitively expensive and complex," said Anil Punyapu, Cvent's Vice President of Enterprise Sales and Partnerships.
Now, these companies may experience the same kinds of savings and efficiency benefits that larger businesses have come to expect from an SMMP.
For the stake deal, with the SMMP shareholders - Arab Supply and Trading Company (Astra) and Demas Company for Trading and Contracting (Demas), Capinnova entered partnership.
Based on Aberdeen's research on more than 115 enterprises, the report explores pressures that businesses face when managing a modern SMMP; current trends related to SMMP deployment; the role of technology in supporting SMMPs; and the best practices of companies realizing cost savings and improved efficiency from their SMMP.
Meeting Evolution is fully APEX compliant and follows SMMP standards.
The strategic alliance, Maxvantage, between American Express Business Travel and Maritz Travel, was created this year to help assist companies with the adoption process and to get them on track for a successful SMMP through centralized sourcing, meeting planning, data analysis and business insight.
SMMP also provides for Power Management, so that batteries last longer in remote applications.