OSLO: Element ASA has entered into a Letter of Intent to acquire Harmonychain for the commercialization of the Scrypt microchip mining system, designed to increase blockchain mining microchip efficiency more than 300 percent, a news release said. “Harmonychain has recently acquired Lokotech AS, which has developed a disruptive and commercialization-ready microchip that is setting a…
Category: Oslo Bourse
Corporate News, Oslo Bourse, M&A, Investment
Zwipe and VeriTech to deliver next generation contactless payments in Kuwait
OSLO: Zwipe and VeriTech, the leading payment and banking technology solutions provider in Kuwait, have partnered to address the growing demand for biometric payment solutions in Kuwait and across the Middle East. VeriTech is the market leading provider of EMV payment card personalization, self-service kiosks, POS and Mobile NFC and Host Card Emulation to banks…
Everfuel to distribute green hydrogen from Siemens Gamesa pilot project
HERNING: Everfuel A/S has signed an agreement with Siemens Gamesa for distribution of green hydrogen for zero emission mobility in Denmark. The green hydrogen will be produced by a Siemens Gamesa wind turbine connected to an electrolyzer with the ability to operate in ‘island mode’ – driving an electrolysis unit with no link to the…
Arribatec to acquire Qualisoft AS for NOK 75 million
OSLO: Arribatec Solutions ASA has announced the potential acquisition of Qualisoft, a leading and fast-growing provider of Enterprise Architecture and Business Process Management solutions. “Qualisoft has a strong position within the oil and gas, finance and the health sectors, providing Enterprise Architecture and Business Process Management solutions to over 100 tier-one customers. The potential acquisition…
Crayon acquires Sensa to accelerate global service operations and multicloud strategy
OSLO: Crayon Group Holding ASA has entered into a purchase agreement for Sensa Ehf., a company owned by Siminn hf. Sensa is a leading IT services company for providing hosting and operations services as well as communications and security solutions to the corporate market. The company is based in Reykjavík, Iceland and has 120 employees…
Kongsberg executes share buyback programme
OSLO: Kongsberg ASA has on 1 December 2020 put in place a non-discretionary agreement with a third party for the repurchase of Kongsberg shares for up to NOK 100 million in the open market. Under this agreement, the third party will manage the programme and make its own trading decisions independently of, and uninfluenced by,…
Nordic Semiconductor acquires Wi-Fi development team and IP from Imagination Technologies
OSLO: Nordic Semiconductor expands into Wi-Fi by acquiring the entire Wi-Fi development team, core Wi-Fi expertise, and Wi-Fi IP tech assets of Imagination Technologies Group Ltd – for an undisclosed sum. The Wi-Fi asset includes Wi-Fi 4, 5, and 6, and a large portfolio of Wi-Fi and Wi-Fi related patents. “Wi-Fi has long been the…
BW LPG enters into agreements to sell two Very Large Gas Carriers
SINGAPORE: BW LPG Limited has entered into Memorandums of Agreement (MOA) to sell two Very Large Gas Carriers (VLGC) BW Confidence and BW Cedar. BW Confidence was built in 2006 and has a carrying capacity of 83,270 cbm. The sale is expected to generate approximately US$36 million in liquidity and an expected net book gain…
SpareBank 1 BV and Sparebanken Telemark plan to merge to form SpareBank 1 Sørøst-Norge
OSLO: On 30 November 2020, the boards of SpareBank 1 BV and Sparebanken Telemark have signed a letter of intent with a view to a merger to form SpareBank 1 Sørøst-Norge. The letter of intent, which sets out the main principles for a possible merger, was unanimously approved by the boards of both banks. SpareBank…
Liv Annike Kverneland appointed interim CEO of Webstep ASA
OSLO: Arne L. Norheim steps down as CEO of Webstep ASA, effective immediately. Liv Annike Kverneland is appointed interim CEO, while Trond K. Johannessen will take on the position as executive chair until a permanent CEO is in place. The board extends its gratitude to Mr Norheim for his dedication and efforts at Webstep during…
LINK Mobility contemplating EUR 200 million bond issue
OSLO: LINK Mobility Group Holding ASA, one of Europe’s leading providers of mobile messaging and CPaaS solutions, has mandated ABG Sundal Collier ASA and Danske Bank to arrange a series of fixed income investor calls commencing on 1 December 2020. A 5-year senior unsecured fixed rate bond issue of up to EUR 200 million may…
Crayon strengthens position in Asia Pacific with $100 million public-sector win
OSLO: Crayon Group Holding ASA has announced an estimated $100 million agreement over two years with the Philippine government. This public-sector win was part of a public tender and furthers Crayon’s growth strategy in the Asia Pacific region. Under the two-year agreement, Crayon will handle all the Philippine government’s Microsoft needs including on-premises and cloud…