ROISSY, AMSTELVEEN: Air France-KLM announced that Group CFO Frédéric Gagey will be succeeded by Steven Zaat, current Air France Chief Financial Officer, on 1st July, 2021. Air France-KLM announced that Group CFO Frédéric Gagey (64) will retire and leave his current position as of July 1st, 2021. “I would like to express all my gratitude…
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Total and Government of Papua New Guinea remobilize Papua LNG project
PARIS: After a year of delay because of Covid-19, the Government of Papua New Guinea (PNG) and Total as operator announced the remobilization of the Papua LNG project, a news release said. A meeting took place on 3rd of May between Patrick Pouyanné, Chairman and CEO of Total, and a Delegation of Papua New Guinea…
Gimv increases its interest in German dentistry group GPNZ
BRUSSELS: Gimv, a European investment company, has increased its interest in GPNZ (Gesellschaft für Praxisnachfolge in der Zahnmedizin), a fast-growing, high-quality dental platform in Germany, a news release said. In addition to a significant capital increase into the company, Gimv has acquired the shares of co-investors Cannonball and co-founder Marcus Geier. The founder and CEO…
Hanwha Total Petrochemical commissioning a new polypropylene line in South Korea
PARIS: The Hanwha Total Petrochemical (HTC) joint venture is commissioning a new polypropylene line at the Daesan integrated refining and petrochemical complex in South Korea, adding a further 60% to its production capacity, which now totals 1.1 million tons a year, a news release said. At the same time, the start‑up of a fourth propane…
IDEX Biometrics & Chutian Dragon to develop Digital Currency for central bank in China
OSLO: IDEX Biometrics ASA and Chutian Dragon Co. Ltd. (CTD) announced an expansion of their ongoing collaboration to include the development of a Digital Currency/Electronic Payment (DC/EP) card based solution supporting the People’s Bank of China initiative. The new, smart card based digital wallet will be secured by IDEX’s TrustedBio(TM) fingerprint authentication technologies. IDEX is…
Acting CEO of Ayfie Group resigns
OSLO: The board of Ayfie Group AS announced that acting CEO Siw Ødegaard has notified the Company that she resigns from her positions. Siw Ødegaard, who also holds the position as CFO of the Company, has agreed with the board to be with Ayfie until 31 July 2021. “I have, after four years in Ayfie,…
Cyviz awarded contracts for further Microsoft Technology Centers in Europe, Asia and the Middle East
REDMOND: Microsoft Corporation has selected Cyviz to jointly design, develop and deliver next-generation visual collaboration solutions for Microsoft Technology Centers (MTC) worldwide. Microsoft Technology Centers (MTC) are collaborative environments that provide access to innovative technologies and world-class expertise, enabling Microsoft customers and partners to envision, design and experience products. Microsoft will standardize on the Cyviz…
Dassault Aviation announces Egypt acquires 30 additional Rafale fighters
SAINT-CLOUD: The Arab Republic of Egypt has decided to purchase an additional 30 Rafales to equip its air force. This new order complements the first acquisition of 24 Rafales signed on February 2015 and will bring the number of Rafales flying under Egyptian colors to 54, making the Egyptian Air Force the second in the…
Elliptic Labs collaborates with Cirrus Logic
OSLO: Elliptic Labs is collaborating with Cirrus Logic Inc. to certify and optimize Elliptic Labs’ AI Virtual Smart Sensor Platform on Cirrus Logic’s latest smart boosted amplifiers for smartphone, PC/laptop, and IoT customers. Elliptic Labs’ Virtual Smart Sensors bring innovative user experiences like proximity and presence detection, as well as 3D touchless gesture sensing to…
Zaptec signs term sheet to purchase NovaVolt AG
STAVANGER: Zaptec Charger AS has today signed a letter of intent to purchase 100% of the shares in the Swiss company, NovaVolt AG. Zaptec Charger AS is 100% owned by Zaptec AS. NovaVolt is the exclusive distributor of Zaptec’s charging systems in Switzerland and has 7 employees, with its offices located in Zurich. Customers of…
Arribatec Solutions to acquire UK-based Integra Associates for an enterprise value of GBP 1.5 million
OSLO: Arribatec Solutions ASA has signed LOI to acquire UK-based Integra Associates, a global elite partner of Unit4, to create the world’s largest provider of Unit 4 ERP services and solutions. The acquisition is based on an enterprise value of GBP 1.5 million, with GBP 1.125 million in cash and GBP 0.375 million in Arribatec…
Norwegian Air Shuttle announces terms of the contemplated NOK 6.0 billion capital raise
OSLO: As part of the restructuring proposal, the Norwegian Air Shuttle contemplates a capital raise of up to NOK 6.0 billion. The capital raise comprises of an offering of new capital perpetual bonds raising gross proceeds of up to NOK 1.875 billion; a rights issue raising gross proceeds of up to NOK 395 million; and…