OSLO, NORWAY: Renewable energy company Magnora ASA has entered into an agreement with an undisclosed global offshore energy technology and service company to establish a joint floating wind company called Magnora Floating Wind. Magnora’s strategic partner has vast experience over many decades in all basins, water depths and weather conditions. It has broad experience from…
Category: Oslo Bourse
Corporate News, Oslo Bourse, M&A, Investment
Mutares acquires the Ericsson Services Italia from Ericsson Telecomunicazioni
MUNICH: Mutares SE & Co. has signed an agreement on the acquisition of the Ericsson Services Italia S.p.A. from Ericsson Telecomunicazioni S.p.A, a news release said. The company is a leading provider of Information and Communication Technology (ICT) services to service providers. The closing of the transaction is expected in Q1 2021. Ericsson Services Italia…
Vow ASA and Arcelor Mittal to jointly build biogas plant in Luxembourg
OSLO: Vow ASA has signed a strategic memorandum of understanding with ArcelorMittal, the world’s leading steel and mining company, to work on a project to build a biogas production plant that will reduce CO2 emissions produced during the steelmaking process. Vow subsidiary ETIA and ArcelorMittal Europe – Long Products, a leader in the production of…
Heimstaden Bostad acquires new Projects in Warsaw for SEK 842 million
OSLO, NORWAY: Heimstaden Bostad announced its second acquisition in Poland, consisting of three build-to-rent projects in Warsaw with 647 residential units of 29,851 sqm and 11 commercial units of 1,068 sqm for approximately SEK 842 million (PLN 381 million) and an option to acquire an additional 60 apartments. The seller and developer is Marvipol Development…
Opera partners with Play Magnus Group as title partner and official browser of Opera Euro Rapid chess tournament
OSLO: Nasdaq-listed Norwegian technology company Opera will be the title partner of the Opera Euro Rapid, the next tournament of the Meltwater Champions Chess Tour organized by Play Magnus Group. Opera is also becoming Official Browser Partner of the Tour. Chess is becoming an increasingly popular eSport, and one of the fastest growing categories on…
Aker Horizons, Aker Offshore Wind enter cooperation agreement with Statkraft
OSLO: Aker ASA announced that its wholly owned subsidiary, Aker Horizons AS, and Aker Offshore Wind Operating Company AS have entered into a cooperation agreement with Statkraft AS to explore possibilities for collaboration on offshore wind power projects on the Norwegian Continental Shelf (NCS). Aker Horizons, Aker Offshore Wind and Statkraft will work together and…
Exact Therapeutics appoints Dr Hilary Mcelwaine-Johnn as Chief Medical Officer
LONDON: Exact Therapeutics AS announced the appointment of Dr Hilary McElwaine-Johnn as Chief Medical Officer. Dr McElwaine-Johnn will be based at the newly opened London office of EXACT-Tx at the Translation & Innovation Hub (i-Hub) at White City. “We are delighted to welcome Hilary to EXACT Therapeutics AS where her unique experience in both therapeutics…
DFDS signs agreement to acquire HSF Logistics Group for EUR 296 million
OSLO: DFDS today entered into an agreement to acquire 100% of HSF Logistics Group, a news release said. DFDS acquires the HSF Logistics Group for a debt-free price of DKK 2.2bn (EUR 296m). The acquisition will be made by a newly established company of which DFDS owns 100% of the ordinary shares. Non-voting preference shares…
Kongsberg Automotive appoints Joerg Buchheim as Chief Executive Officer
ZURICH: The Board of Directors of Kongsberg Automotive ASA announced Mr. Joerg Buchheim as new CEO and President of Kongsberg Automotive ASA, effective May 1st, 2021. He currently serves as President & CEO of Inalfa Roof Systems, Netherlands. “Joerg Buchheim not only brings more than 20 years of diverse and international executive leadership experience in…
TECO 2030 launches Fuel Cell Container
LYSAKER: TECO 2030 ASA announced two products undergoing development and Type Approval in accordance with Maritime rules and regulations; The “FCC 1600” Fuel Cell Container and the “FCM 400” Fuel Cell Module. “The “FCM 400” fuel cell module is TECO 2030’s building block for Marine applications. The zero-emission fuel cell has 400 kW net power…
Norwegian authorities restrict retail trade till January 31st
ALNABRU: Norwegian authorities have decided to temporarily close down retail trade stores in 25 municipalities in and around Oslo. “In this area we have three store locations. As we also are targeting the professional market, these three stores will be open for professional customers, and private customers will be handled through our digital solutions. These…
Pandion Energy launches strategy to net zero carbon
OSLO: Pandion Energy AS has launched its Strategy to Net Zero Carbon Emissions and announced that it has become one of the first E&P companies on the Norwegian continental shelf to achieve Carbon Neutrality in 2020 for Scope 1 and 2 CO2 emissions. Pandion Energy recognises that climate change is of critical importance to the…