OSLO, NORWAY: Elopak and GLS Group India have entered into a long-term strategic partnership to deliver sustainable packaging solutions to consumers across India. Elopak and GLS Group India have today signed a joint venture agreement in which the two companies will each have 50% ownership. The newly formed company, GLS Elopak (headquartered at Gurugram in…
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Dennis Höjer to step down as CEO of Carasent ASA
OSLO, NORWAY: Carasent ASA announced that Dennis Höjer has informed the Board of Directors that he will step down as CEO. The Board will immediately start the search for a new CEO, and Dennis will remain CEO until the Company completes the process of identifying and onboarding his successor. “Dennis has notified the board of…
Alytic acquires majority stake in Factlines
OSLO, NORWAY: Alytic, a portfolio company of Arendals Fossekompani, has acquired Factlines. Factlines offers a digital solution for securing responsible supply chains. “Factlines is a great match for Alytic. It offers a highly competent team, a great software-as-a-service solution, a solid customer base, and a huge potential,” says Espen Zachariassen, CEO of Alytic. In a…
Seadrill wins $404m contract for three jack-ups in the Middle East
HAMILTON, BERMUDA: Seadrill Limited has been awarded three contracts by a leading operator for the West Ariel, West Cressida, and West Leda for work in the Middle East. The firm-term of each contract is three years with expected commencement between Q1 2023 and Q2 2023. Total contract value for the three contracts is approximately $404m…
Greenstat and Everfuel to develop Hydrogen Hub in Kristiansand, Norway
HERNING, DENMARK: Everfuel and Greenstat will, in a joint venture, establish a hydrogen hub in Kristiansand, Norway. Following up on the cooperation agreement entered in July 2021, Greenstat and Everfuel now announce that they are actively pursuing to establish a hydrogen hub in Kristiansand, Norway. Greenstat is a Norwegian company with shared registered in the…
TotalEnergies is acquiring Austin-based Core Solar LLC
PARIS, FRANCE: TotalEnergies is acquiring Austin-based Core Solar LLC whose portfolio includes more than 4 GW of utility-scale solar and energy storage projects at various stages of development across several U.S. states and power markets. Core Core Solar’s CEO Greg Nelson and his employees will join TotalEnergies’ teams. Vincent Stoquart, Senior Vice President Renewables at…
WE.CONNECT acquires companies specialized in the distribution of digital peripherals
PARIS, FRANCE: WE.CONNECT announced the acquisition of DYADEM, OCTANT and their logistics platform SHAM. These entities, which generated revenue of €59.7 million as of March 31, 2021 for a net profit of €1.1 million, will enable the Group to enrich its catalog with an additional range of printers and of consumables while developing a cross-selling…
Aker and Nordkraft to develop power-intensive industries hub in Narvik region
OSLO, NORWAY: Aker Horizons ASA (OSE: AKH), through its wholly-owned subsidiary Aker Narvik, announced the agreement to establish a joint venture with Nordkraft AS to develop sites for power intensive-industries in Northern Norway. The venture is part of Aker Horizons’ project to establish a green industrial hub in the Narvik region. Aker Horizons and its…
Zalaris signs for Payroll and Time Management services contract in Europe
OSLO, NORWAY: A European multinational industrial company has chosen Zalaris for Payroll and Time Management services. Zalaris, the provider of payroll and HR solutions, signed a seven-year agreement with a leading European multinational industrial company to deliver Payroll and Time Management technology and outsourcing services for employees operating in Finland. The new agreement, which is…
Elopak & GLS Group India to build EUR 32mn packaging material plant in New Delhi
OSLO, NORWAY: Elopak ASA and GLS Group India are in the final stages of agreeing on a long-term strategic partnership to setup a packaging material production facility outside New Delhi, which would deliver sustainable packaging solutions to consumers across India. Elopak’s equity contribution to the joint venture is expected to be EUR 16 million in…
Global Auto Carriers to buy four 7,000 CEU dual fuel Pure Car Truck Carriers from China Merchants Jinling Shipyard
OSLO, NORWAY: Gram Car Carriers ASA (GCC) announced the formation of Global Auto Carriers AS (GAC) for the purpose of ordering four 7,000 CEU dual fuel Pure Car Truck Carriers from China Merchants Jinling Shipyard (Weihai) Co., Ltd. GAC will hold options for an additional 2+2 vessels at the same yard. Global Auto Carriers AS…
Scatec refinances wind power plant in Vietnam
OSLO, NORWAY: Scatec, a leading renewable energy solutions provider, has refinanced the USD 37 million of non-recourse project debt for the 39 MW wind power plant Dam Nai in Vietnam. With this refinancing, Scatec has achieved improved project return through a reduced interest margin and a covenant relief which allows for an immediate cash distribution…