OSLO, NORWAY: Kyoto Group announced the signature of a Memorandum of Understanding with Schneider Electric, the leader in the digital transformation of energy management and automation. The companies’ shared goal is driving mutual business growth while decarbonizing and electrifying industry together. The two companies aim to enter into a multi-country commercial agreement (“MCCA”). It will…
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Uniscale AS has agreed to acquire Acerat Limited
OSLO, NORWAY: Uniscale AS, a 100% owned subsidiary of CodeLab Capital AS, has agreed to acquire Acerat Limited to strengthen the inhouse development team. Acerat is a well-known provider of consultant services to Uniscale for several years. The cost base of Uniscale AS will not change, but as a consequence the consultant costs will be…
Philips reports strong sales and profit growth in 2023
AMSTERDAM: Philips, a global leader in health technology, announced its 2023 financial results, showing a 7% increase in comparable sales and a 10.5% increase in adjusted EBITA margin. The company also generated a free cash flow of EUR 1,582 million, up from EUR 1,018 million in 2022. The company attributed its strong performance to the…
Techstep appoints Microsoft Norway executive, Morten Meier, as CEO
OSLO, NORWAY: Techstep today announced the appointment of Morten Meier, a seasoned senior executive from the software and technology industry, as CEO. Mr. Meier brings more than 25 years of experience from international organisations in the areas of leadership, strategy, business development, sales, marketing, and operations. He comes from Microsoft Norway, where he has served…
Corbion sells emulsifiers business to Kingswood for $362M
AMSTERDAM: Corbion, a global leader in ingredient solutions, has agreed to sell its emulsifiers business to Kingswood Capital Management, a private equity firm based in Los Angeles. The deal, which is subject to regulatory approvals and other conditions, is expected to close in the second quarter of this year. The sale is part of Corbion’s…
Getlink SE reports all-time high revenue of €1.829 billion in 2023
PARIS, FRANCE: Getlink SE Group, the European leader in transport infrastructure, announced its consolidated revenue for 2023, reaching an all-time high of €1.829 billion. This represents a 15% increase from 2022, and reflects the remarkable performance of the Group’s businesses. The Group reiterates its confidence in its ability to exceed EBITDA of €910 million in…
Publicis Groupe to invest 300 million euros in AI-powered Intelligent System
PARIS, FRANCE: Publicis Groupe, the world’s third-largest advertising and media company, announced its ambitious plan to become the industry’s first AI-powered Intelligent System, after achieving a stellar organic growth of +6.3% in 2023, outperforming its peers for the fourth consecutive year. The group will invest 300 million euros over the next three years to build…
Hexagon Purus opens hydrogen infrastructure and systems manufacturing hub in Weeze, Germany
OSLO, NORWAY: Hexagon Purus, a world leading manufacturer of zero-emission mobility and hydrogen infrastructure solutions, has expanded its primary manufacturing facility in Weeze, Germany for engineering and production of hydrogen infrastructure products including systems for distribution, refueling and stationary storage. Hexagon Purus is ramping up its capacity to meet growing customer demand for hydrogen infrastructure…
ASML Holding NV reports strong growth in 2023, expects similar sales in 2024
AMSTERDAM: ASML Holding NV, the world’s leading supplier of lithography systems for the semiconductor industry, announced its 2023 fourth-quarter and full-year results today. The company achieved a 30% growth in net sales, reaching €27.6 billion for the year, with a gross margin of 51.3%. The fourth quarter alone saw net sales of €7.2 billion, gross…
TotalEnergies buys Kyon Energy, a leading battery storage developer in Germany
PARIS, FRANCE: TotalEnergies, a French energy giant, has acquired Kyon Energy, a German company that specializes in battery storage systems, for €90 million plus some performance-based payments. Kyon Energy, founded in 2021, has developed 770 MW of battery projects, of which 120 MW are operational, 350 MW are under construction, and 300 MW are ready…
Sanofi to buy Inhibrx for $1.7 billion
PARIS, FRANCE: Sanofi, a global pharmaceutical company, has agreed to acquire Inhibrx, a clinical-stage biotech firm, for $30.0 per share in cash, or about $1.7 billion. The deal is subject to the spin-off of non-INBRX-101 assets into a new entity, New Inhibrx, which will be owned by Inhibrx’s shareholders and Sanofi. INBRX-101 is a novel…
Technip Energies announces new Executive Committee members
PARIS, FRANCE: Technip Energies, a leading Engineering & Technology company for the energy transition, has announced the appointment of three new members to its Executive Committee. Naïla Giovanni has been named as the Chief Digital and Information Officer (CDIO), a newly created position that will accelerate the company’s digital transformation. Giovanni has over 25 years…