STOCKHOLM, SWEDEN: The Board of Directors of Scandi Standard (SCST SS) has decided to appoint Jonas Tunestål as new managing director and CEO. Tunestål is currently CEO of KLS Ugglarps and Executive Vice President of Danish Crown. Interim managing director and CEO Otto Drakenberg will remain with Scandi Standard until Jonas Tunestål joins the company…
Category: Nasdaq Nordic
Corporate announcement by companies listed on Nasdaq Nordic
Veidekke expects stable Scandinavian contracting markets
OSLO, NORWAY: Veidekke expects activity in the Scandinavian contracting markets to remain at current levels until the end of 2023, with generally similar headline developments all three countries. “The markets are returning to normal, pre-pandemic conditions. Our forecast in the spring that activity levels would remain high and stable has been confirmed thus far, and…
Byggfakta Group acquires Finland based Forecon
STOCKHOLM, SWEDEN: Byggfakta Group has signed an agreement to acquire 100 per cent of Forecon, a provider of business intelligence to the Finnish construction industry. With the acquisition, Byggfakta Group further broadens its offering in Finland. Forecon, founded in 2013 and headquartered in Tampere, is a Finnish research and expert services company specializing in monitoring…
Tecnotree wins $10.6mn digital transformation projects in MEA region
HELSINKI, FINLAND: One of the largest telecom operator groups in MEA (Middle East & Africa) has selected Tecnotree’s Digital BSS Suite Products for its digital transformation journey for select two countries. This group is a new customer for Tecnotree. Under these projects, Tecnotree will provide its range of BSS Suite Products and Support Services for…
Wine and spirits brand house, Anora announces future operating model
HELSINKI, FINLAND: Anora Group, a leading wine and spirits brand house in the Nordic region, announced its future operating model following the completion of the merger on 1 September 2021. The operating model will enable Anora to build on its strong platform in the Nordics, expand to international markets and drive productivity. Anora’s operating model…
Sivers raises SEK 400mn to fund MixComm acquisition
STOCKHOLM, SWEDEN: Sivers Semiconductors AB carried out a new issue of 17.021 ordinary shares, corresponding to approximately SEK 400 million, which will be used to finance the acquisition of MixComm Inc., and to satisfy the Company’s working capital needs Through the Directed Share Issue, the Company will receive proceeds of approximately SEK 400 million before…
Tomi Pienimäki leaves Finnair, joins Siili Solutions as CEO
HELSINKI, FINLAND: Tomi Pienimäki, Finnair’s Chief Digital Officer, will leave Finnair by the end of January 2022 to take on the position of CEO of a Finnish digital services company Siili Solutions Oyj. “I want to thank Tomi warmly for his excellent work for leading the development of Finnair’s digital services and IT infrastructure. During…
Valoe and ICON to setup solar module manufacturing in Saudi Arabia
HELSINKI, FINLAND: Valoe Oyj and ICON Advanced Co. Ltd, have agreed on establishing a joint venture company in Saudi Arabia. Valoe shall own 40 percent and ICON 60 percent of the joint venture company. The joint venture company is planning to build in Saudi Arabia a Back Contact Solar Module (solar module) manufacturing plant that…
Netcompany to acquire Intrasoft International for EUR 235 mn
COPENHAGEN, DENMARK: Netcompany Group A/S has entered into an agreement with Intracom Technologies – ultimately owned by Athens listed Intracom S.A. Holdings, and certain management shareholders to acquire Intrasoft International S.A., a leading European IT solutions and services group with strong international presence and expertise. Netcompany and Intracom Technologies as well as the management shareholders…
Fabege AB acquires SHH Bostad AB for SEK 800 million
STOCKHOLM, SWEDEN: Fabege AB has acquired SHH Bostad AB, a real estate development company with a focus on residential and local authority properties. Fabege’s strategy of optimising the value of its residential development rights portfolio is thereby being reinforced by the company acquiring both expertise and more development rights in its home market of Stockholm….
Mobile operator Elisa to sell Spacetalk in Finland
SYDNEY, AUSTRALIA: Spacetalk Ltd. announced that the Elisa Corporation will range Spacetalk Adventurer across its Finland retail stores and online channels. Elisa is a Finnish market leader in telecommunications, digital services and technologies, providing sustainable solutions for over 2.8 million customers in Finland, Estonia and internationally. Elisa is the first telecom operator in the world…
SSAB appoints Leena Craelius as acting CFO
STOCKHOLM, SWEDEN: Leena Craelius has been appointed acting CFO at SSAB. She has long experience of the steel industry and has held several senior positions at SSAB. She will take up her new position on November 1, 2021.\ Leena Craelius is currently vice president of Finance, Controlling and IT at SSAB Europe. She has held…