OSLO, NORWAY: Simplifai has entered into a strategic partnership agreement with the LogTech company Easy2You Technology. Easy2You Technology has its Headquarter in Ålesund, Norway, and is delivering digital logistics services to both online retailers, private- and public sector. Their technology platform connects the customer and provider of transportation with advanced algorithms to optimize speed and…
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AXA Group sells AXA Singapore for $575 million
PARIS, FRANCE: AXA Group has entered into an agreement with HSBC to sell AXA Insurance Pte Ltd (AXA Singapore). Under the terms of the agreement, AXA will sell AXA Singapore for a total cash consideration of USD 575 million (or Euro 487 million). “This transaction is another step in AXA’s simplification journey” said Gordon Watson,…
Green ammonia from HEGRA to secure Norwegian competitiveness
OSLO, NORWAY: Today the company HEGRA is launched at Herøya, Porsgrunn, with former Statnett CEO, Auke Lont as Chairman. The company aims to electrify and decarbonize the ammonia plant at Herøya, enabling large-scale green ammonia production. «HEGRA» is short for HErøya GReen Ammonia, and is co-owned by Yara, Aker Clean Hydrogen and Statkraft each owning…
Mutares SE agrees to acquire Innomotive Systems Hainichen
MUNICH: Mutares SE & Co. has signed an agreement to acquire Innomotive Systems Hainichen GmbH from a Chinese state-controlled enterprise, a news release said. The company will strengthen Mutares’ Automotive & Mobility segment with production sites in Germany and China, with a total of around 450 employees and will be complementary to the KICO Group….
NEXT partners face recognition leader Paravision
OSLO, NORWAY: NEXT Biometrics has signed a partnership agreement with Paravision, the San Francisco-based face recognition company. The partnership enables NEXT to offer dual authentication methods to customers looking for both face and fingerprint biometric solutions. Paravision is the #1 ranked U.S. provider and a top-10 global provider in several of NIST’s Face Recognition Vendor Test (FRVT)…
Aker Carbon raises NOK 840mn to fund accelerated growth
OSLO, NORWAY: Aker Carbon Capture has completed a capital increase of NOK 840 million to support the further growth of its market-leading carbon capture offering. The company issued 38,181,818 new shares in a private placement, priced at NOK 22 per share. The placement was multiple times over-subscribed amidst strong demand, particularly from international investors. “The…
TechnipFMC makes strategic investment in Loke Marine Minerals
PARIS, FRANCE: TechnipFMC is joining forces with Loke Marine Minerals to develop enabling technologies for the extraction of seabed minerals, driving the energy transition and a sustainable future. Marine minerals have been identified by the World Bank, World Economic Forum, and International Energy Agency as one of the potential solutions to meet the increasing demand…
Aegon calls $250 million in perpetual capital securities
AMSTERDAM: Aegon is exercising its right to redeem the USD 250 million floating rate perpetual capital securities with a minimum coupon of 4% issued in 2005. The redemption is in line with Aegon’s target to reduce leverage, a news release said. The redemption of these grandfathered Tier 1 securities will be effective September 15, 2021,…
Kalera AS acquires &ever GmbH for EUR 130 million
OSLO, NORWAY: Kalera AS has entered into a share purchase agreement for the acquisition of all shares in &ever GmbH for a total consideration reflecting an enterprise value for &ever GmbH of EUR 130 million. The consideration will consist of a combination of cash and Kalera shares. Under the terms of the agreement, &ever GmbH…
Golden Ocean ends relationship with Capesize Chartering
OSLO, NORWAY: Golden Ocean Group Limited has terminated its relationship with Capesize Chartering Ltd. (CCL), a joint venture to coordinate the Capesize spot chartering services of Golden Ocean, Starbulk, CTM and Bocimar. Mr Ulrik Andersen, Chief Executive Officer of Golden Ocean Management AS, commented: “We have enjoyed our close cooperation with our CCL partners over the last…
Heimstaden Bostad buys SEK3.5bn Danish portfolio
OSLO, NORWAY: Heimstaden Bostad AB strengthened its presence in Denmark through a SEK 3.5 billion acquisition of 1,473 homes in several attractive locations. The portfolio consists of 34 properties, of which 18 are standing assets with 680 homes, including one commercial property. 16 properties are under construction and are acquired in a forward purchase structure…
Acomo takes Victoria Vandeputte on board
ROTTERDAM, NETHERLANDS: Acomo (Amsterdam Commodities N.V.) will appoint Victoria Vandeputte (50) as Non-Executive Director. The appointment fits the planned expansion of the Acomo Board, which has been speeded up since the size of the group has significantly grown following the acquisition of Tradin Organic at the end of 2020. Belgian-born Victoria Vandeputte has a long track…