STOCKHOLM, SWEDEN: Ericsson has strengthened its Network Services portfolio with the Intelligent Deployment solution – an agile, digital and modular suite of tools and services that enables communications service providers to roll out, expand, and upgrade networks based on their specific needs and those of their customers. With technology advancing rapidly, networks are becoming more…
Category: Nasdaq Nordic
Corporate announcement by companies listed on Nasdaq Nordic
Patricia Industries funds strategic add-on acquisition by Sarnova
STOCKHOLM, SWEDEN: Sarnova, a leading specialty distributor of healthcare products for the emergency preparedness and acute care markets, has completed the acquisition of Allied 100, a leading specialty distributor of automated external defibrillators (AEDs) used in emergency situations to save the lives of sudden cardiac arrest (SCA) patients. Allied 100 will be combined with Sarnova’s…
FLSmidth’s acquisition of TK Mining to exclude thyssenkrupp’s mining activities in India
COPENHAGEN, DENMARK: It was announced on 29 July 2021 that FLSmidth will acquire thyssenkrupp’s Mining business (TK Mining). As stated in the announcement, it was still being negotiated if thyssenkrupp’s mining activities in India which are part of a larger integrated entity not fully owned by thyssenkrupp would be part of the transaction. Following discussions…
Olvi acquires Danish brewing company Bryggeriet Vestfyen
HELSINKI, FINLAND: Olvi Plc confirms acquisition of Danish brewing company Bryggeriet Vestfyen. The acquisition will be completed according to the previously announced schedule. On May 12, 2021, Olvi plc announced a conditional acquisition agreement in a stock exchange release. The main condition for the completion of the acquisition was that Olvi Plc would be able…
Scanfil Plc to double its Suzhou factory in China
HELSINKI, FINLAND: Scanfil Plc has decided to start planning to expand its existing factory in Suzhou, China. The possible investment in the expansion of the current facility has been estimated to be at EUR 6 million, and the construction work is estimated to be started in 2022. “Customer demand has been increasing throughout the year…
ContextVision likely to spin-off digital pathology business
STOCKHOLM, SWEDEN: ContextVision AB, a medical technology software company, is conducting a review of the company’s structure, and has initiated work assessing a spin-off of the Digital Pathology unit with a goal of listing the new entity on the Euronext Growth on the Oslo Stock Exchange. The review is expected to be concluded by the…
Dovre appoints Miko Olkkonen as VP in charge of Finland
HELSINKI, FINLAND: Dovre Group has appointed Mr. Miko Olkkonen (M.Sc. Engineering) as the new Vice President of Finnish Project Personnel business and CEO of Proha Oy as of September 1, 2021. Previously Miko has worked for Pöyry in various positions including project management and business development. After his career with Pöyry, Miko worked for various…
Tallink Grupp sells Baltic Retail OÜ
ESTONIA: Tallink Grupp AS has sold 100% shares in its wholly owned subsidiary Baltic Retail OÜ to Talwest Grupp OÜ, a news release said. The main activity of Baltic Retail OÜ, established in January 2018, is onshore fashion retail sales in Estonia and the company owns the franchise rights of five fashion brands and operates…
Advanced Instruments to buy Solentim for $240mn
STOCKHOLM, SWEDEN: Advanced Instruments has signed an agreement to acquire Solentim, a global leader in innovative solutions for cell line development of biopharmaceutical products. The acquisition of Solentim adds a highly complementary, differentiated and innovative portfolio of bioprocessing instruments and consumables to Advanced Instruments, and significantly expands the commercial and R&D capabilities of Advanced Instruments’…
Change of CEO at Martela Corporation
HELSINKI, FINLAND: The CEO of Martela Corporation, Artti Aurasmaa, has decided to step down from his role to take a new position in another organization. Aurasmaa will continue to work for Martela up to the end of his six-month notice period. The Board of Directors at Martela will immediately launch the search for a new…
Neles to acquire Flowrox for Eur 40.9 million
HELSINKI, FINLAND: Neles has signed an asset purchase agreement to acquire the valve and pump businesses of the Finland-based technology company Flowrox, a news release said. The purchase price of the valve and pumps businesses is EUR 40.9 million, payable in cash at closing, with an additional orders received-based earn-out consideration of up to EUR…
MilDef Group acquires Defcon Solutions for SEK 160 million
STOCKHOLM, SWEDEN: MilDef Group has acquired Defcon Solutions AB. The initial purchase price is SEK 160 million on a cash and debt free basis. During the years 2021-2023, upto SEK 40 million in contingent payments are conditioned on agreed financial targets. Defcon is expected to generate SEK 140 million in revenue during 2021. MilDef was…