CEO of Crayon Group steps down

OSLO: Crayon Group ASA, the digital transformation experts, announced that Torgrim Takle will be stepping down as CEO as of March 15th. In his place, Melissa Mulholland, Crayon’s Chief Services & Solutions Officer will act as Interim CEO while the board evaluates internal and external candidates. Chairman of the Board Jens Rugseth stated, “We appreciate…

Total and Microsoft collaborate to further digital transformation and net zero goals

PARIS: Total and Microsoft announced that they have agreed to collaborate as strategic partners to further digital transformation and support progress toward net-zero emissions. The dynamic development of Microsoft and Total in their respective areas of expertise and their rich histories of innovation brings many concrete opportunities for collaboration over a multi-year timeframe: Total’s global…

Norwegian Air Shuttle launches reconstruction processes to exit from Irish examinership

OSLO: Following the Irish High Court’s decision on Friday 5 March 2021 in respect of the repudiation of certain contracts, Mr Kieran Wallace of KPMG Ireland as Examiner of Norwegian Air Shuttle and a number of Irish subsidiaries of the Group proposed schemes of arrangement for the financial restructuring the Company and the Examinership Companies,…

Rallye to sell Groupe Go Sport to Financière Immobilière Bordelaise EUR 1.0

PARIS: Rallye has entered into exclusive negotiations with Financière Immobilière Bordelaise for the sale of the entire share capital of Groupe Go Sport for a price of EUR 1 without any representation and warranties given by Rallye. Completion of the sale is notably subject to the consultation of Go Sport Group employee representative bodies (instances…

Arcadis appoints Alexis Haass as its first Chief Sustainability Officer

AMSTERDAM: Arcadis announced that Alexis Haass has joined as its first Chief Sustainability Officer to help drive the company’s strategy and deliver on its goal of making a significant, quantifiable, and positive contribution to sustainable development. Alexis joins Arcadis after 13 years at adidas where she led its Brand Sustainability team. At adidas, her responsibilities…

IMCD to sell its Nutri Granulations business to J.M. Huber Corporation

ROTTERDAM: IMCD N.V. has reached an agreement to sell its Nutri Granulations manufacturing asset and associated business to Huber Engineered Materials (HEM), a division of J.M. Huber Corporation. “Huber is an important supplier partner for IMCD and we are delighted to reach an agreement on the sale of Nutri Granulations,” says Marcus Jordan, Americas President,…

NORBIT ASA acquires Norwegian IoT company StalkIT for NOK 24 million

TRONDHEIM: NORBIT ASA announced an agreement for acquisition of business and assets from the Norwegian IoT company StalkIT and associated companies. The transaction price is agreed to NOK 24 million and is expected to be financed by use of NORBIT´s available credit lines. “Through the acquisition we are broadening our product offering and strengthening our…

Orano to acquire Daher’s nuclear activities in Germany and North America

PARIS: The Orano Group has signed an agreement to acquire Daher Group’s German nuclear activities (Daher Nuclear Technologies Gmbh – DNT) and of its North American subsidiary (TLI Inc. -TLI), a news release said. This project is part of the Orano Group’s strategy to strengthen its competencies in its core business. The entities involved in…

OCI signs agreements to start commercialization of ammonia and methanol as shipping fuels

AMSTERDAM: OCI N.V. has entered into agreements with MAN Energy Solutions, Hartmann Group and Eastern Pacific Shipping (EPS) to create marine value chain and start commercialization by 2023/24 of ammonia and methanol as the shipping fuels of the future, a news release said. A Memorandum of Understanding (MoU) with MAN Energy Solutions and Hartmann Gas…

Nordax Bank to launch NOK 17.8 billion voluntary offer to acquire Norwegian Finans Holding

OSLO: Nordax Bank AB has announced its intention to launch a voluntary offer to acquire the entire outstanding share capital in Norwegian Finans Holding ASA (NFH), supported by Nordic Capital Fund VIII1, Nordic Capital Fund IX2 and Sampo Oyj. Nordax intends to launch a NOK 17.8 billion all-cash offer for all the outstanding shares in…