OSLO, NORWAY: Aker Solutions has agreed to acquire Rainpower Holding AS, a leading technology provider to the hydropower industry. The transaction is expected to be completed during the second quarter of 2022. The purchase price is about NOK 100 million, with an additional discretionary element which may bring the purchase price to NOK 150 million….
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Aker Horizons to merge with Aker Offshore Wind and Aker Clean Hydrogen
OSLO, NORWAY: Aker Horizons ASA announced merger plans with Aker Offshore Wind AS and Aker Clean Hydrogen AS. Aker Horizons and Aker Offshore Wind (AOW) to combine in an all-stock merger that will reposition AOW as a privately held subsidiary of Aker Horizons, with the intention to combine AOW with its portfolio company Mainstream Renewable…
Quadpack investing in German manufacturing facilities to meet increased demand
PARIS, FRANCE: International beauty packaging manufacturer and provider Quadpack is investing over €6 million at its German manufacturing facilities in Kierspe, to meet increased market demand. The investment will go towards the creation of a decoration centre and the expansion of its injection-moulding and assembly capacity. Already a reference in thick-walled PET injection, Quadpack aims…
Canopy Holdings Group CEO Bent Grøver to leave the company
OSLO, NORWAY: Canopy Holdings AS announced that Group CEO Bent Grøver will leave the Company on 1 April 2022, a bourse filing said on Tuesday. Bent Grøver assumed the role of Group CEO on 22 February 2021. Prior to this he served for several years as Chair and member of the Board of Directors of…
Fraport AG to partner with Zwipe on project with Zwipe Access
OSLO, NORWAY: Zwipe, a leading provider of on-card biometric solutions, confirms that its biometric access control solution, Zwipe Access, has been selected by Fraport AG as one of two partners in Fraport’s “Biometrics@Controllane” project. Fraport AG – which ranks among the world’s leading companies in the global airport business – offers a full range of integrated…
Hexagon Purus and CIMC Enric form partnership for investment in China
OSLO, NORWAY: Hexagon Purus and CIMC Enric announced the signing of investment agreements to establish a joint production facility in Shijiazhuang, Hebei and the CIMC-Hexagon New Energy Technologies management office and engineering hub in Beijing Daxing District International Hydrogen Development Zone. In addition, the Shijiazhuang and Beijing Daxing governments have made a strong commitment to…
SBTi approves Europcar Mobility Group’s emissions reduction targets
PARIS, FRANCE: Europcar Mobility Group (Paris:EUCAR) announces today that The Science Based Targets initiative (SBTi) has validated the corporate greenhouse gas emissions reduction targets submitted by the company, deemed to be in conformance with the SBTi Criteria and Recommendations. The SBTi’s Target Validation Team has classified the company’s scope 1 and 2 target ambition and has determined…
Rana Gruber to be the first mining company to list on Oslo Stock Exchange
OSLO, NORWAY: The Norwegian iron ore producer Rana Gruber transfers its shares from Euronext Growth and lists on Oslo Stock Exchange. The company is the only mining company listed on the Oslo Stock Exchange’s main list and the second company located in Northern Norway. Rana Gruber is a Norwegian iron ore producer, which has been…
Terje Pilskog takes over as CEO of Scatec ASA
OSLO, NORWAY: The Board of Directors of Scatec ASA has appointed Terje Pilskog (51) as the company’s new Chief Executive Officer. Raymond Carlsen (67) will step down after 13 years and the change will take place on 1 May. Terje Pilskog comes from the position as EVP Project Development. “Terje Pilskog has been instrumental in…
Alstom to supply up to 40 Coradia Stream electric trains in Romania
PARIS: FRANCE: Alstom and the Romanian Railway Reform Authority (ARF) have signed a contract for the delivery of 20 Coradia Stream inter-regional trains and associated 15-year maintenance services. The value of the contract is estimated at €270 million. These trains will be the first passenger trains provided by Alstom for operation in Romania. The contract can…
Allfunds Group negotiating potential acquisition of Web Financial Group
AMSTERDAM: Allfunds Group is negotiating the potential acquisition of the entire share capital of Web Financial Group under an exclusivity agreement. No binding agreement has yet been reached. Allfunds is in the process of completing its confirmatory due diligence and negotiating the final terms of the transaction, including the purchase price of approximately €150 million….
Kyoto Group acquires Mercury Energy in Spain
OSLO, NORWAY: Kyoto Group AS announced the acquisition of Mercury Energy S.L. from Andrés Barros Borrero, who is also the owner of RPOW Consulting. Mercury Energy will become a subsidiary of Kyoto and a new business unit named Kyoto Technology Spain S.L. The share purchase agreement with Andrés Barros Borrero was signed on 23 March…