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…
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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…
Mutares completes the acquisition of La Rochette from RDM Group
MUNICH: Mutares SE & Co. KGaA has completed the acquisition of RDM La Rochette S.A.S. from the Italian Reno De Medici (RDM) Group. La Rochette is located in Valgelon-La Rochette, France and produces Folding Boxboard based on virgin fibers (FBB). The company is the main producer in the FBB market in Southern Europe, with France…
Carbios launched €105 million capital increase to finance its industrial development plans
PARIS: Carbios today announced the launch of a capital increase without shareholders’ preferential subscription rights by way of a public offering and with a priority subscription period, on an irreducible basis only, to its existing shareholders and a global offering, for an initial amount of €105 million. The Offering may be increased up to a…
VDL Groep proposes to acquire all shares in Neways Electronics International
AMSTERDAM: VDL Groep B.V. has forwarded an indicative proposal to Neways Electronics International N.V. to acquire all outstanding shares in the capital of Neways. VDL Groep is a large shareholder in Neways. The indicative offer price is EUR 12.50 (cum dividend) in cash for each Neways share. Consistent with their fiduciary duties, the Board of…
Horisont Energi becomes newest member of the European Clean Hydrogen Alliance
SANDNES: Horisont Energi, the Norwegian carbon tech start-up, is further expanding its commitment to clean energy by joining the European Clean Hydrogen Alliance (ECH2A). The European Clean Hydrogen Alliance was formed as part of the European Union’s New Industrial Strategy for Europe in July 2020 in the context of the hydrogen strategy for a climate-neutral…