OSLO: Wilhelmsen Group acquires 25% of Østensjø Group’s growing offshore wind company, Edda Wind. Wilhelmsen has also secured an option to buy another 25% before June 2021, a news release said. Launched in 2018, Edda Wind owns and operates service vessels supporting the maintenance work conducted during the commissioning and operation of offshore wind parks….
Category: Oslo Bourse
Corporate News, Oslo Bourse, M&A, Investment
Mercell delivers continued growth and strategic expansion in H1 2020
OSLO: Mercell Holding (Mercell) delivered year-on-year revenue growth of 110% to NOK 68.4 million in the second quarter and 110% to NOK 125.4 million for the first half year 2020. Organic revenue growth was 34% in the second quarter. Annual Recurring Revenue (ARR) increased by 123% year-on-year to NOK 299 million at the end of…
ELOP receives patent protection in China
OSLO: ELOP AS (ELOP-ME) has been informed by the China National Intellectual Property Administration (CNIPA) that the patent covering a rolling ultrasound monitoring system has been granted. This patent has previously been granted by the European Patent Office (EPO), as well as in the United States, Canada and Japan. “ELOP is pleased to report that…
IOG evaluates Deltic Energy acquisition
OSLO: Independent Oil & Gas plc (IOG) has confirmed that it is considering a possible all-share offer for the entire issued and to be issued share capital of Deltic Energy Plc. “There can be no certainty that an offer will be made or as to the terms of any such offer. A further announcement will…
Equinor selling 50% of Empire Wind and Beacon Wind to BP for $1.1bn
OSLO: Equinor ASA has entered into an agreement with BP to sell 50% non-operated interests in the Empire Wind and Beacon Wind assets on the US east coast for a total consideration before adjustments of USD 1.1 billion, a news release said. Through this transaction, the two companies are also establishing a strategic partnership for…
Cloudberry Clean Energy makes offshore wind power transaction in Sweden
OSLO, NORWAY: Cloudberry Clean Energy AS has received 100% acceptance for its offer to the shareholders in Scanvind2 AS, the holding company of the offshore wind project “Rewind Vänern”. The transaction marks a new step towards Cloudberry’s ambition of becoming a substantial developer of offshore wind in the Nordics. The 16-turbine/100 MW project is located…
Kongsberg Maritime to design and equip an innovative new krill vessel for Rimfrost
OSLO: Kongsberg Maritime has been contracted to design and equip a highly innovative vessel for the Norwegian krill processing firm Rimfrost. It is expected that the vessel will be ready to begin operations in 2022. The contract has been awarded in several stages during 2020, with the final stage signed in September 2020. The total…
Aqua Bio Technology buys all rights to Moana Skincare
OSLO: Aqua Bio Technology (ABT) has acquired all rights to Moana Skincare and integrates backwards in the value chain. ABT will pay up to NOK 26.7 million for the rights to Moana Skincare with three initial payments (NZD 500,000, NZD 250,000 and NZD 215 000) of approximately NOK 5.8 million (NZD 965,000) and a turnover-based…
ayfie Group AS acquires Haive AS
OSLO: ayfie Group AS, a provider of search and text analytics solutions, has entered into a share purchase agreement for the acquisition of all shares in Haive AS, thereby strengthening ayfie’s position in the Nordic market. Haive, based in Oslo, is developing site search and knowledge discovery solutions targeted at Norwegian public and private entities….
Norwegian Air Shuttle posts significant decline in August traffic
OSLO: Norwegian’s traffic figures for August are heavily influenced by the COVID-19 outbreak and the subsequent travel restrictions and drop in demand. In August, capacity was 94% lower than last year, while the flights that were operated had a load factor of 62.1%. Compared to the same period last year: – Total capacity (ASK) decreased…
Mercell Holding acquires leading Danish SaaS company Comcare
OSLO: Mercell Holding AS, digital platform for eTendering and eProcurement solutions in the Nordics, has acquired all of the outstanding shares in the Danish Software-as-a-Service company Comcare AS. Comcare holds a strong position in the Danish e-Procurement market and is the leading provider to Danish municipalities with a client base of 65 municipalities as well…
Managed mobility services provider in the Nordics Techstep acquires Optidev
OSLO: Techstep ASA, managed mobility services provider (MMS) in the Nordics, has entered into a binding agreement to acquire 100 % of the shares in Optidev AB to strengthen its position as the leading provider of managed mobility services (MMS) in the Nordic region. The total purchase price is SEK 200 million on a cash…