STOCKHOLM: Skanska has signed an additional contract with Hartsfield-Jackson Atlanta International Airport to construct the Concourse T-North Extension and modernization project in Atlanta, Georgia, USA, in a Skanska-led joint venture along with New South Construction, FS360 and Synergy Construction. Skanska’s share of the contract is worth about USD 56M, about SEK 460M, which will be…
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Pexip announces annual recurring revenue growth of 73%
OSLO: In Q4 2020, Pexip Holding ASA increased its Annual Recurring Revenue (ARR) with 73% year-on-year to USD 81.9 million. Pexip’s subscription base measured in ARR reached USD 81.9 million in Q4 2020, up from USD 47.2 million in Q4 2019, representing a year-on-year increase of 73%. Of the 73% year-on-year growth in ARR, 59…
Medistim partners with LivaNova as their new distributor for India
OSLO: Medistim ASA has signed a Distributor Agreement with LivaNova for distribution of Medistim products in India. With its population size of about 1,4 billion, India is a large and emerging market for Medistim’s ultrasound devices. Today, about 100,000 coronary bypass (CABG) procedures are performed in India annually, representing a market size of about half…
Karsten Sævik is new managing director of New Havyard Ship Technology
OSLO: Karsten Sævik is the new managing director of New Havyard Ship Technology AS (NHST) in Leirvik , Norway. The current managing director, Erlend Hatleberg, has chosen to seek new challenges outside Havyard. The chairman of the board of NHST, Vegard Sævik, thanks Erlend Hatleberg for his efforts in what has been a demanding time…
Nordic Unmanned (NUMND) receives permit to fly drone in Lithuania
OSLO: Nordic Unmanned (NUMND) received permit to fly drone in Lithuania. This is the 14th European country on Nordic Unmanned’s list of flight permits. The permit includes beyond visual line of sight (BVLOS) flying out to 100 km range, and makes Lithuania the 5th European country Nordic Unmanned has received BVLOS permits from so far.…
Sparebanken Vest contemplating issuance of FRN senior non-preferred bond
OSLO: Sparebanken Vest (rating A1 Moody`s, positive outlook) has mandated Nordea Markets for a potential issuance of a FRN senior non-preferred bond. A transaction will follow in the near future, subject to market conditions. Sparebanken Vest (OSE: SVEG) is the third largest savings bank in Norway, and the country’s second oldest bank. Its predecessor, Bergens…
Tethys Oil spuds exploration well on Block 49 onshore Oman
STOCKHOLM: Tethys Oil announced that drilling operations of exploration well Thameen-1 on Block 49 onshore the Sultanate of Oman has commenced. The well is planned to be drilled to a depth of about 4,000 meters below ground and drilling operations are expected to last about 45 days. Primary target is the Late Ordovician Hasirah Sandstone…
Yara sells LIFECO stake to Libya’s National Oil Corporation
OSLO: Yara International has entered into an agreement with Libya’s National Oil Corporation (NOC) and the Libyan Investment Authority (LIA) on 31 December 2020 to divest its full ownership interest in the Libyan Norwegian Fertiliser Company (LIFECO). Yara’s full legal ownership interest in LIFECO together with all economic rights and all obligations and liabilities attaching…
Concentric AB has acquired Allied Enterprises LLC
NEW YORK: Concentric AB has acquired Allied Enterprises LLC, a US manufacturer of transmission products for the construction, agricultural, material handling and stationary power markets, a news release said. Allied Enterprises has a production facility in Muncie, Indiana, USA and has been manufacturing transmission products for over 30 years. Allied Enterprises has long established trading…
Pandion Energy acquires license interests from Wintershall DEA
OSLO: Pandion Energy AS has entered into an agreement with Wintershall DEA Norge AS (Wintershall DEA) to acquire a 2.5 percent interest in PL 820 S and a 15 percent interest in PL 617. Through this transaction, Pandion Energy increases its interest in PL 820 S to 12.5 percent. In March, Pandion Energy announced the…
The Kingfish Company announces de-merger and transfer of properties
AMSTERDAM: The Kingfish Company N.V. has signed a proposal to be publicly filed with the Dutch trade register for a legal de-merger, effectively transferring all properties owned by the company to a new subsidiary named Kingfish Property One B.V. The transfer is contemplated to be legally effected within the first quarter of 2021 and will…
Polarcus awarded 3D Project in Asia Pacific
OSLO: Polarcus Limited announced that a letter of award has been received for providing 3D seismic data acquisition services in Asia Pacific. The project has an expected duration of 2.5 months and is scheduled to commence in Q1 2021, subject to relevant approvals. Polarcus is a focused geophysical service provider of safe and environmentally responsible…