ROTTERDAM: Hunter Douglas, the world market leader in window coverings and a major manufacturer of architectural products, has completed the acquisition of 74% of Droma-Sunshade Experts, a highly regarded Polish assembler of made-to-measure exterior sunscreens, shutters and awnings, with a fast-growing sales presence in Western Europe. The founders of Droma-Sunshade Experts will remain minority shareholders,…
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Carbon Transition sells seismic node on a rope business for $12 million
OSLO, NORWAY: Carbon Transition ASA has signed an agreement to sell company’s seismic node on a rope business to Magseis Fairfield ASA. “In light of Carbon Transition’s new strategic direction, we believe our node on a rope operation will be more optimally utilized as a part of the Magseis Fairfield system and thereby maximize the…
EIB strengthens Europe’s semiconductor industry with €600 million loan
PARIS, FRANCE: The European Investment Bank (EIB) will provided a €600 million loan to STMicroelectronics for the semiconductor group’s research and development (R&D) and pre-industrialisation activities in Europe. Jean-Marc Chéry, President and CEO of STMicroelectronics, said: “This new loan from the EIB, with which we have been working in partnership for many years, is complementing…
CIOA gets €165mn financing from Landes Finance to accelerate development
PARIS, FRANCE: CIOA Group, an engineering and development company, announced a €165 million financing from Landes Finance, a financing and investment company based in Montreal, Canada. This is a partially convertible bond with a 10-year maturity, an early redemption clause, a 4.5% coupon and a 2-year grace period. This funding will allow the CIOA Group…
Linda L. Aase appointed new CEO in SalMar
OSLO, NORWAY: The board of Directors in SalMar ASA has appointed Linda Litlekalsøy Aase as new CEO in SalMar. She takes over the position after Gustav Witzøe, who has said he is willing to be nominated to the company’s board. Linda L. Aase will take up the position no later than 1 June 2022. The…
NORBIT to acquire international maritime technology company for $3.6mn
TRONDHEIM, NORWAY: NORBIT ASA is in exclusive negotiations regarding an add-on acquisition of an undisclosed international maritime technology company. The acquisition will broaden the product offering in the Oceans segment. NORBIT has signed a term sheet to this effect. “With the target company having developed a proprietary sonar technology, complementary to NORBIT’s current portfolio, this…
Mutares sells Austrian logistics subsidiary BEXity to Raben Group
MUNICH: Mutares SE & Co. has sold its Austrian logistics subsidiary BEXity to Raben Group, one of Europe’s largest logistics companies based in the Netherlands. BEXity is a leading logistics company in Austria and was acquired from Österreichische Bundesbahnen-Holding Aktiengesellschaft (ÖBB) in 2019. The company’s offering includes cross-border transport logistics in the general cargo and…
BEWI to acquire Scandinavian paper packaging company
OSLO, NORWAY: BEWI, a leading provider of packaging, components, and insulation solutions, announced that the company has entered a letter of intent to acquire 100 per cent of a leading Scandinavian paper packaging company. The target company is mainly manufacturing fibre-based packaging products, with an annual revenue in the range of EUR 12 to 14…
Equinor to start exiting from joint ventures in Russia
OSLO, NORWAY: Equinor (NYSE: EQNR) Board of Directors has decided to stop new investments into Russia, and to start the process of exiting Equinor’s Russian Joint Ventures. “We are all deeply troubled by the invasion of Ukraine, which represents a terrible setback for the world, and we are thinking of all those who are suffering…
Michaël Ohana appointed CEO of Prodways Group
PARIS, FRANCE: Michaël Ohana has joined Prodways Group as Chief Executive Officer. He will bring to Prodways Group his 28 years of experience in digital transformation and the deployment of innovative technologies, particularly in the dental sector. Michaël Ohana, 52, began his career at Schlumberger where he spent 14 years in various management positions both…
Mint Energie acquires Planète OUI for €1.5 million
MONTPELLIER, FRANCE: Mint Energie, a provider of eco-responsible energy and telecom services, announced the acquisition of the Planète OUI brand. This operation follows the decision of the Commercial Court of Lyon which approved in a decision dated February 24, 2022, Mint’s takeover bid to acquire the brand and OUI ENERGY residential customer base for an…
Atos and Nokia form a global partnership
PARIS, FRANCE: Atos and Nokia announced a global partnership to provide businesses with market leading 4/5G private wireless networking solutions along with associated digital services and to work together to develop further innovative services. This partnership will help enterprises reach enhanced operational efficiency while enabling new ways of working. Hosted either on Atos or Nokia…