OSLO: Netoil Capital Ltd. (NOC) has reached agreement to acquire all shares of Nordic Petroleum AS against the issue of 1.95 million shares in NOC, a news release said. The acquisition increases the number of shareholders in NOC, thereby broadening its investor base. Nordic has 1080 shareholders and as such will contribute to this. Netoil…
Category: Euronext
Euronext, euronext stock exchange, euronext exchange, euronext nv, stock exchange euronext
Elop and DEKRA to create InsightCrawler, an inspection robot for concrete structures
OSLO: Elop AS and DEKRA Visatec GmbH entered LOI with intention to finalize commercial agreement in august and to launch their new combined solution in the market early next year. The two companies intend to combine Elop’s patented rolling ultrasound technology with a vacuum crawler designed for concrete structures to create the “InsightCrawler” – an…
Ørn Software to acquire Norwegian company Landax for NOK 95 million
TRONDHEIM: Ørn Software has signed an agreement to acquire the Norwegian Quality Management Software-as-a-Service (SaaS) company Landax, a news release said. The transaction is based on an enterprise value of NOK 95 million and implies a multiple of 4.5x on ARR. The transaction will be settled with 80% cash at closing and 20% in Ørn…
Norways’ Financial Supervisory Authority permits SpareBank 1 BV and Sparebanken Telemark merger
OSLO: The Financial Supervisory Authority of Norway (NoFSA) has now granted the necessary permits to carry out the merger between SpareBank 1 BV and Sparebanken Telemark in accordance with a decision made by the banks’ Supervisory Board on 25 March 2021. Finanstilsynet has set Pillar 2 requirements for the merged bank on core tier 1…
Jacques Bogart proposes to acquire fragrance boutique chain Nocibé in France
PARIS: Jacques Bogart has submitted a firm offer to acquire a portion of the assets of fragrance boutique chain Nocibé in France, a news release said. Nocibé posts turnover of around €1 billion through a chain of around 600 sales outlets in France. At the start of the year, brand owner Groupe Douglas announced the…
Clean Seas Seafood lists on Euronext Growth
OSLO: Clean Seas Seafood Limited has listed on the Euronext Growth market in Oslo with the ticker code “CSS”, offering investors an opportunity to invest in the global leader in full cycle breeding, farming, processing, and marketing of Yellowtail Kingfish, a highly attractive species with strong growth momentum in restaurants and retailers globally, a news…
Cegal Group announces acquisition of Envision AS
OSLO: Cegal Group AS has signed an agreement to acquire all the shares in Envision AS, a news release said. Cegal is fully owned by Chip Bidco AS, again majority owned by Norvestor SPV I Holding AS. Envision delivers consultancy services, training, data and information management and software solutions to the energy industry. This acquisition…
Total and Merck & Co sign renewable corporate power purchase agreement
PARIS: Total has signed a 45 MW renewable corporate power purchase agreement with Merck & Co over a period of 10 years. Total and MSD, known as Merck & Co. signed a major renewable corporate power purchase agreement (CPPA) over a period of 10 years, with 90 GWh a year of clean energy produced by…
Everfuel and Hydro sign cooperation on industrial scale hydrogen supply
HERNING: Everfuel A/S and Hydro’s renewable hydrogen company have signed a Memorandum of Understanding (MoU) to establish a framework for coordinated development, operation, and optimization of hydrogen electrolysers based on renewable energy in Europe. The two companies intend to develop projects adjacent to Hydro-owned aluminum plants with dedicated special purpose companies (SPV) facilitating the construction…
Neways Electronics rejects acquisition proposal by VDL Groep
AMSTERDAM: Neways Electronics International has rejected indicative proposal by VDL Groep B.V. to acquire all outstanding shares in Neways’ share capital, as the proposal did not sufficiently reflect the value creation of Neways. VDL Groep proposes to acquire all shares in Neways Electronics International Neways had entered into talks with VDL in order to better…
STMicroelectronics acquires France based AI company, Cartesiam
GENEVA: STMicroelectronics announced a transaction with Cartesiam to acquire its assets (including its IP portfolio) and to transfer and integrate its employees. Closing is subject to regulatory approvals, a news release said. Cartesiam, based in Toulon (France), is a software company founded in 2016, which specializes in artificial intelligence (AI) development tools enabling machine-learning and…
IMCD N.V. acquires Andes Chemical Corp
ROTTERDAM: IMCD N.V. announced the acquisition of Andes Chemical Corp., a news release said. This acquisition marks IMCD’s debut in Central America and Peru, expanding its presence in Latin America and throughout the Caribbean. “Andes Chemical further strengthens IMCD’s presence in the Americas region and opens exciting opportunities for development in countries new to our…