HELSINKI: Finnish food company Apetit Plc said on Thursday it has agreed to acquire Sweden-based frozen pea producer Foodhills AB, in a move aimed at strengthening its Nordic footprint and boosting its vegetable-based food operations. The deal, expected to close by Nov. 30 pending regulatory approval from Sweden’s Inspektionen för strategiska produkter (ISP), will see…
Category: Nasdaq Nordic
Corporate announcement by companies listed on Nasdaq Nordic
Fragbite Group to sell Playdigious SAS for EUR 10.5 million
STOCKHOLM: Fragbite Group AB has today signed an agreement to divest all its shares in subsidiary Playdigious SAS for a consideration of EUR 10.5 million, corresponding to approximately SEK 115 million, on a cash-free, debt-free basis. The net consideration is paid in cash. In addition, Fragbite Group obtains 90 percent of the net revenue from…
CoinShares to acquire Bastion Asset Management to expand digital asset capabilities
LONDON: CoinShares International Limited, the leading European asset manager specializing in digital assets with US$10 billion in AuM, today announced the acquisition of Bastion Asset Management Limited, a London-based, FCA-regulated crypto-focused alternative investment manager. The acquisition significantly strengthens CoinShares’ actively managed capabilities, as the firm continues its evolution into a comprehensive digital asset management platform….
Fingrid to raise grid service fees by 8% in 2026 amid clean energy investments
HELSINKI: The transmission system operator Fingrid will raise grid service fees by 8% at the start of 2026. Key factors behind the increase are a substantial investment programme that anticipates future customer needs and the rising costs of the expanding electricity system. Grid connection fees will also be increased to reflect cost developments. In recent…
Bittium acquires minority stake in MarshallAI to advance embedded AI for defense sector
HELSINKI: Finnish technology firm Bittium said on Tuesday it has acquired a 24.9% stake in artificial intelligence company MarshallAI (Kradient Intelligence Oy) through a directed share issue, aiming to bolster its software-driven AI capabilities across defense, medical, and engineering segments. The strategic investment aligns with Bittium’s long-term roadmap to develop embedded AI solutions, particularly for…
Scandinavian Tobacco Group reaffirms 2025 outlook despite market headwinds
For the quarter ended June 30, 2025, company reported net sales of DKK 2.4 billion, down 0.2% COPENHAGEN: Scandinavian Tobacco Group A/S (STG) reported second-quarter results broadly in line with expectations and reaffirmed its full-year guidance, despite persistent macroeconomic challenges and currency headwinds. For the quarter ended June 30, 2025, reported net sales stood at…
SKF divests Elgin PED unit to Carco PRP Group in strategic aerospace refocus
Company’s adjusted operating profit fell to SEK 3.1 billion due to currency headwinds STOCKHOLM: Sweden’s SKF (SKFb.ST) said on Monday it has agreed to sell its precision elastomeric device (PED) operation in Elgin, Illinois, to Carco PRP Group for an estimated enterprise value of USD 70 million, as part of its strategy to streamline its…
Morten Thorsrud named next CEO of Sampo Group, succeeding Torbjörn Magnusson
HELSINKI: Sampo Group CEO Torbjörn Magnusson will step down this fall after informing the company’s board of his decision to retire, the company announced Wednesday. Morten Thorsrud, CEO of Sampo’s largest subsidiary, If P&C, has been appointed as his successor. The leadership transition will take effect Oct. 1, 2025. Magnusson will remain with the company…
LHV Group names Mihkel Torim as new CEO
TALLINN: The supervisory board of AS LHV Group has elected Mihkel Torim as chairman of the management board and CEO, effective July 22. Torim, currently head of investment banking at LHV Bank, will succeed Madis Toomsalu, who announced his departure earlier this year after leading the company since 2016. Torim brings over 20 years of…
Konecranes names Marko Tulokas as President and CEO
HELSINKI: Konecranes has appointed Marko Tulokas as its new president and CEO, effective June 1, the company announced Thursday. Tulokas, 52, will succeed Anders Svensson, who will leave the company on July 19. Until his departure, Svensson will serve as an advisor to ensure a smooth transition. Tulokas currently leads Konecranes’ Industrial Equipment business area and…
Essity appoints Ulrika Kolsrud as President and CEO
STOCKHOLM: Essity’s Board of Directors has named Ulrika Kolsrud as the company’s new President and CEO, the company announced Tuesday. Kolsrud will officially take over the role on June 1, succeeding Magnus Groth, who previously informed the board of his plans to step down this year. Kolsrud currently serves as President of Essity’s Health &…
Green Landscaping Group acquires Wagner Straßen-, Tief- & Rohrleitungsbau GmbH
LEBUS: Green Landscaping Group (Publ) has acquired Wagner Straßen-, Tief- & Rohrleitungsbau GmbH, a civil engineering and landscaping company based in Lebus, Brandenburg. Founded in 2007, Wagner has built a reputation as a reliable partner in earthwork, civil engineering and landscaping in the greater Berlin area. The company, led by founder and Managing Director Steffen…