TRONDHEIM, NORWAY: NORBIT it has completed acquisition of the IoT start-up CPS AS. CPS will be included in the Connectivity segment. The transaction values CPS at an enterprise value of NOK 13 million, implying an equity value of NOK 12.6 million. The acquisition will be financed by the issuance of consideration shares at a price…
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Mutares successfully completes acquisition of Peugeot Motocycles
MUNICH: Mutares SE & Co. has successfully completed the acquisition of 50% equity and a controlling stake of 80% in Peugeot Motocycles (PMTC) from Mahindra & Mahindra (M&M). M&M will remain a co-shareholder to support new product launches and the strong growth expected in the coming years. Peugeot Motocycles designs and manufactures two-and three-wheelers, which…
ArcelorMittal has invested $36 million in Boston Metal
AMSTERDAM: ArcelorMittal has invested $36 million in Boston Metal. The transaction is the company’s largest single initial investment to date through its XCarb Innovation Fund. The fund, launched in March 2021, targets investing in the best and brightest technologies that hold the potential to play a meaningful role in the decarbonisation of the steel industry,…
Winamp launches new platform for fair monetisation of artists’ content
PARIS, FRANCE: Targetspot SA announced the launch of the beta version of the new Winamp, a music platform offering users unprecedented proximity to artists and a new compensation model. The global release of the final version is scheduled for 28 February. An iconic brand with 80 million users worldwide Pioneer among the players used to…
Total notify gas production from Oman onshore block-10 , long-term LNG purchase contract
PARIS, FRANCE: TotalEnergies (LSE:TTE) has announced the start of gas production from onshore Block 10 in the Sultanate of Oman as well as an agreement with Oman LNG for a long-term LNG purchase contract. TotalEnergies announces the start of gas production from the Mabrouk North-East field in the onshore Block 10. TotalEnergies holds a 26.55%…
Keyrus Group to acquire a majority stake in Sonum International
PARIS, FRANCE: The Keyrus Group has entered a final phase of negotiations with the aim of acquiring a majority stake in Sonum International, a European group, leader in the consulting and implementation of EPM (Enterprise Performance Management) solutions. Founded in 2010, Sonum International supports its clients in optimizing the implementation of performance management processes, methods…
Archer Limited to acquire Baker Hughes’ coil tubing and pumping (CT&P) business
HAMILTON, BERMUDA: Archer Limited has signed a term sheet with Baker Hughes Limited to potentially acquire Baker Hughes’ coil tubing and pumping (CT&P) business in the United Kingdom. The coil tubing and pumping (CT&P) business fits well within Archer’s overall strategy to grow its drilling and well services in UK and to further grow the…
Aker Solutions wins Lapa South West Subsea Contract in Brazil
OSLO, NORWAY: Aker Solutions has been awarded with a sizeble contract by TotalEnergies to provide the subsea production system, tools and all related EPCI interfaces for the Lapa South West field Construction, in the pre-salt Santos Basin offshore Brazil. The development concept is a subsea tie-back to the Cidade de Caraguatatuba FPSO, using existing facilities…
TotalEnergies commissions BioBéarn, France’s largest biogas production unit
PARIS, FRANCE: TotalEnergies has launched its eighteenth biogas production unit in France, which will be the largest in the country with a maximum capacity of 160 gigawatt hours (GWh), a statement said. Named BioBéarn and located in Mourenx in the south-west of France, this new unit, fed with organic waste, has begun feeding its first…
NRC Norge Holding signs agreement to sell NRC Gravco and Septik Tank Co to Norva24
OSLO, NORWAY: NRC Norge Holding AS, a wholly owned subsidiary of NRC Group ASA, has entered into a share purchase agreement to sell 100% of the shares in its wholly owned subsidiaries NRC Gravco AS and Septik Tank Co AS to Norva24 AS, the Northern European market leader within underground infrastructure maintenance services (UIM). NRC…
Klaus Andersen appointed as CEO of Tietoevry Banking
OSLO, NORWAY: Tietoevry announced the appointment of Klaus Andersen as CEO of Tietoevry Banking effective 1 February 2023 Tietoevry Banking aims to become an independent listed company. In this new role, Klaus Andersen will have the overall responsibility for the Banking business at Tietoevry, including driving a successful outcome for the ongoing strategic review. He…
Benjamin Kristoffer Golding appointed CEO of Arendals Fossekompani
OSLO, NORWAY: Benjamin Kristoffer Golding has been appointed Chief Executive Officer of Arendals Fossekompani. “We are very pleased to welcome Golding to Arendals Fossekompani. With great insights into technology and a solid all-round industrial and financial background, Golding is well equipped to take Arendals Fossekompani to the next level,” says Trond Westlie, Chairman of the…