STOCKHOLM, SWEDEN: HMS Industrial Networks AB, a wholly owned subsidiary of HMS Networks AB (publ), has acquired the remaining 30% of the shares in Procentec B.V. based on pre-determined option conditions. HMS acquired 70% of Procentec on October 1st 2020, and following today’s transaction Procentec will be a wholly owned subsidiary. The Procentec offering focuses…
Category: Nasdaq Nordic
Corporate announcement by companies listed on Nasdaq Nordic
5th Planet Games partners Funfair Games in creating a real money, multiplayer game based on Hugo IP
COPENHAGEN, DENMARK: 5th Planet Games has entered into a partnership with Funfair Games in creating and publishing a real money, multiplayer game based on the Hugo IP; the game will be one of the first in the new genre of casual ‘crash’ games. In the hit Hugo TV-game show from the 1990s one of the…
Enea AB signs 5G and Wi-Fi contract worth $5.1 million in North America
STOCKHOLM, SWEDEN: Enea AB has signed a three-year agreement for 5G core network applications and Wi-Fi Service management solutions with a North American Tier-1 mobile network operator. Enea will provide an intelligent 5G APN assignment application and a 5G Standalone mediation function for all subscribers in the customer’s mobile network. Enea will as part of…
Stora Enso initiates process to divest four paper production sites
HELSINKI, FINLAND: Stora Enso has initiated a sales process for a possible divestment of four paper production sites. In line with Stora Enso’s strategy, paper is not a strategic growth area for the Group. The divestment intent is aligned with the Group’s strategy to focus on long-term growth potential for its renewable products in packaging,…
President and CEO Elisa Markula to leave Oriola
ESPOO, FINLAND: Oriola Corporation’s President and CEO Elisa Markula has given notice of her resignation from the company. She will leave her position at Oriola at the latest in August 2022. The search for Elisa Markula’s successor starts immediately. “On behalf of the Board of Oriola, I want to thank Elisa for her contribution for…
Ovzon reschedules launch of the Ovzon 3 satellite until second half of 2022
STOCKHOLM, SWEDEN: Ovzon announced the Ovzon 3 satellite launch will be delayed and is planned to be launched in the second half of 2022. The rescheduling is due to continued insufficiencies and delivery of key components affecting the completion of Ovzon 3 and of a large number of other satellites in the industry. The rescheduling…
Airobot shares commence trading on Nasdaq Baltic
VILNIUS, LITHUANIA: Nasdaq (NDAQ) announces that the Airobot shares, an Estonian air technology company, have been admitted to trading on Nasdaq Baltic First North Market by Nasdaq Tallinn as of today, February 10. The admittance to trading of Airobot shares follows the initial public offering of the company. The total demand for the shares was…
Sinch AB implements new operating model, changes to management team
STOCKHOLM, SWEDEN: Sinch AB (publ), a global leader in cloud communications and mobile customer engagement, today announced changes to its organization and management team. The recent acquisitions of Inteliquent, MessageMedia and Pathwire significantly expand Sinch’s product offering and go-to-market capabilities. To support continued profitable growth and to ensure strong execution through delegated responsibility, Sinch will…
Etteplan acquires Syncore Technologies to strengthen position in Sweden
ESPOO, FINLAND: Etteplan Oyj has acquired Syncore Technologies AB, a technology services company focusing on embedded systems. This will strengthens Etteplan´s embedded systems project business in Sweden. The acquisition is in line with Etteplan’s growth strategy as it complements our expertise and increases our international presence. As part of the financing of the transaction, Etteplan…
DORE acquires operational 46 MW onshore wind project in Sweden
LONDON, UK: Downing Renewables & Infrastructure Trust plc (DORE) has completed the acquisition of an operational 46 MW onshore wind project located in north east Sweden for a total consideration of approximately EUR 23.8 million (c.£19.8 million). The acquisition has been funded on an ungeared basis using the group’s cash resources. The wind farm is…
Juho Jalkanen appointed Chief Operating Officer of Faron Pharmaceuticals
TURKU, FINLAND: Faron Pharmaceuticals Ltd announced the appointment of Juho Jalkanen, M.D., Ph.D., as Chief Operating Officer of the Company. Dr. Jalkanen will continue to be based in Turku, Finland and his appointment is effective immediately. In his new role, Dr. Jalkanen will lead business strategy and daily operations for Faron Pharmaceuticals. This includes oversight…
Elektroimportøren Holding to acquire Elbutik.se for upto SEK 292.5 million
OSLO, NORWAY: Elektroimportøren Holding AS has signed a Share Purchase Agreement (SPA) to acquire 100% of the shares of Elbutik Scandinavia AB and its sister companies (Elbutik.se) from Lades AB in a deal that may bring the aggregate purchase price up to SEK 292.5 million. Elbutik.se is Sweden’s largest online player in the market for electric installation material and…