OSLO, NORWAY: Herman Sjøberg is hired as the new CEO of Ayfie Group AS, a news release said. “The board has today appointed Herman Sjøberg as the new CEO of Ayfie Group. Ayfie Group has undergone a powerful restructuring and has several completed products, many solid customers and is now entering a phase with the…
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Mutares SE sells 73.25% stake in STS Group AG
MUNICH: Mutares SE & Co. has successfully completed the sale of its 73.25% stake in STS Group AG, a news release said. The transaction with Adler Pelzer Group is already the third exit in the current year for Mutares and comprises the shares and the entire business operations of plastics and materials in Europe, China…
Europris acquires Lekekassen for NOK 501 million
FREDRIKSTAD, NORWAY: Europris is acquiring 67 per cent of Lekekassen Holding AS – Norway’s largest player in online shopping for toys – for NOK 501 million, a news release said. Through this acquisition, the company will be entering a strategically important product category which is growing rapidly online, as well as further strengthening its expertise…
Sanofi to invest €400 million annually in dedicated vaccines mRNA Center of Excellence
PARIS, FRANCE: Sanofi SA will invest approximately €400 million annually in a first-of-its kind vaccines mRNA Center of Excellence, a news release said. The Center will work to accelerate the development and delivery of next-generation vaccines by bringing together approximately 400 dedicated employees integrating end-to-end mRNA vaccine capabilities with dedicated R&D, digital, and chemistry, manufacturing…
Schlumberger and IBM launch hybrid cloud for energy sector
PARIS, FRANCE: Schlumberger and IBM announced today the industry’s first commercial hybrid cloud Enterprise Data Management Solution for the OSDU Data Platform. The hybrid cloud offering is designed to expand access to customers globally—including those in locations where data residency requirements and local regulations may affect the use of global public cloud—and is engineered to…
Fred. Olsen Ocean partners with Shimizu to drive offshore wind industry progress
OSLO, NORWAY: Fred. Olsen Ocean (FOO) announced a partnership with Shimizu Corporation to support growth and development in the offshore wind industry in Japan and worldwide. The partnership between these organizations marks an important milestone as it brings together FOO’s specialist knowledge, experience and capabilities as a global leader in offshore wind turbine installations, and…
Saga Pure acquires Hyon and partners with Nel and Norwegian Hydrogen
OSLO, NORWAY: Saga Pure ASA announced the acquisition of Hyon AS from former owners, amongst them, PowerCell Sweden AB. Saga Pure, Nel ASA and Norwegian Hydrogen AS will have equal shareholdings in the company. Hyon has a strong position within maritime hydrogen solutions and will mainly focus on developing hydrogen and bunkering solutions for harbors…
Grieg Seafood to sell its Shetland operations
OSLO, NORWAY: Grieg Seafood ASA confirms that the company is in discussions with a third party regarding a potential sale of Grieg Seafood Hjaltland UK Ltd., the parent company of Grieg Seafood’s Shetland business. The discussions are ongoing. Grieg Seafood ASA will not make any further statements either before a definitive agreement is reached or…
Air Liquide to build a state-of-the-art gases plant in China with investment of EUR 70 million
PARIS, FRANCE: Air Liquide will invest around 70 million euros to build a state-of-the-art gases plant in Wuhan, Central China, to supply a major memory chipmaker.Air Liquide has been producing ultra-pure industrial gases for this leading Chinese high-tech company for more than 12 years. Air Liquide will build, own and operate this ultra-high purity industrial…
Orkla ASA acquires New York Pizza at an enterprise value of EUR 145 million
OSLO, NORWAY: Orkla ASA has entered into an agreement to purchase 75% of the shares in New York Pizza, one of the leading pizza chains in the Netherlands. Last year, New York Pizza sold 11.5 million pizzas and had total turnover of EUR 54.7 million (including dough manufacturing turnover), equivalent to approximately NOK 555 million….
Bank Norwegian CEO Tine Wollebekk resigns
OSLO, NORWAY: The Board of Directors of Norwegian Finans Holding ASA (Norwegian Finans Holding, OSE: NOFI) today announced that CEO Tine Wollebekk has handed in her resignation to assume a new position. “Tine has during her four-year tenure led the continued growth of the company, leaving a strong Bank Norwegian with a leading market position…
Hexagon Purus accelerates its efforts in the zero emission maritime segment
OSLO, NORWAY: Hexagon Purus (HPUR is accelerating its commercial efforts to bring zero emission technology to the maritime industry. Although the business has global ambitions, the main focus from the onset will be Norway – a nation with some of the strongest maritime technology industries in the world. Hexagon Purus Maritime AS has been established…