OSLO: Heimstaden Bostad has bought a newbuild portfolio with 2,496 homes in Poland for SEK 3.1 billion from leading Polish residential development company, Budimex. The portfolio is located in five of the largest cities in Poland: Warsaw, Krakow, Wroclaw, Poznan and Gdansk, economic hubs in their regions, encompassing Poland’s most populated and prosperous areas. “This…
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Elop and DEKRA to create InsightCrawler, an inspection robot for concrete structures
OSLO: Elop AS and DEKRA Visatec GmbH entered LOI with intention to finalize commercial agreement in august and to launch their new combined solution in the market early next year. The two companies intend to combine Elop’s patented rolling ultrasound technology with a vacuum crawler designed for concrete structures to create the “InsightCrawler” – an…
Ørn Software to acquire Norwegian company Landax for NOK 95 million
TRONDHEIM: Ørn Software has signed an agreement to acquire the Norwegian Quality Management Software-as-a-Service (SaaS) company Landax, a news release said. The transaction is based on an enterprise value of NOK 95 million and implies a multiple of 4.5x on ARR. The transaction will be settled with 80% cash at closing and 20% in Ørn…
Norways’ Financial Supervisory Authority permits SpareBank 1 BV and Sparebanken Telemark merger
OSLO: The Financial Supervisory Authority of Norway (NoFSA) has now granted the necessary permits to carry out the merger between SpareBank 1 BV and Sparebanken Telemark in accordance with a decision made by the banks’ Supervisory Board on 25 March 2021. Finanstilsynet has set Pillar 2 requirements for the merged bank on core tier 1…
FSS and Zwipe to launch next-generation contactless payment globally
OSLO: Financial Software and Systems (FSS), a global provider of integrated payment products and a payment processor, is partnering with Zwipe to bring next generation contactless payment cards to issuers globally. Zwipe is a payment FinTech recognized for having pioneered the development of biometric payments and has delivered many successful pilots around the world. Financial…
Mintra accelerates acquisitions and growth strategy
OSLO: Mintra (FRA: N0D) has signalled strong intent for further growth with the appointment of Valentinos Steliou to the newly created role of head of acquisitions. Mintra is a leading provider of digital learning and human capital management (HCM) software solutions to safety-critical industries worldwide. The appointment sees Mr Steliou, who is also managing director…
Cyviz awarded contracts for further Microsoft Technology Centers in Europe, Asia and the Middle East
REDMOND: Microsoft Corporation has selected Cyviz to jointly design, develop and deliver next-generation visual collaboration solutions for Microsoft Technology Centers (MTC) worldwide. Microsoft Technology Centers (MTC) are collaborative environments that provide access to innovative technologies and world-class expertise, enabling Microsoft customers and partners to envision, design and experience products. Microsoft will standardize on the Cyviz…
Elliptic Labs collaborates with Cirrus Logic
OSLO: Elliptic Labs is collaborating with Cirrus Logic Inc. to certify and optimize Elliptic Labs’ AI Virtual Smart Sensor Platform on Cirrus Logic’s latest smart boosted amplifiers for smartphone, PC/laptop, and IoT customers. Elliptic Labs’ Virtual Smart Sensors bring innovative user experiences like proximity and presence detection, as well as 3D touchless gesture sensing to…
Arribatec Solutions to acquire UK-based Integra Associates for an enterprise value of GBP 1.5 million
OSLO: Arribatec Solutions ASA has signed LOI to acquire UK-based Integra Associates, a global elite partner of Unit4, to create the world’s largest provider of Unit 4 ERP services and solutions. The acquisition is based on an enterprise value of GBP 1.5 million, with GBP 1.125 million in cash and GBP 0.375 million in Arribatec…
Norwegian Air Shuttle announces terms of the contemplated NOK 6.0 billion capital raise
OSLO: As part of the restructuring proposal, the Norwegian Air Shuttle contemplates a capital raise of up to NOK 6.0 billion. The capital raise comprises of an offering of new capital perpetual bonds raising gross proceeds of up to NOK 1.875 billion; a rights issue raising gross proceeds of up to NOK 395 million; and…
Norsk Solar signs pact to solarize sites of the world’s largest retailer
STAVANGER, NORWAY: Norsk Solar AS has signed a LOI (Letter of Intent) with one of the largest retailers globally for the deployment of solar energy systems on sites in selected markets. The retailer is a European multinational, and one of the largest global companies within its segment with more than 10,000 commercial sites across the…
Aker Offshore, Aker Horizons and University of Strathclyde to collaborate on accelerating glass fibre recycling
OSLO: Aker Offshore Wind, Aker Horizons and University of Strathclyde have signed a Memorandum of Understanding aimed at driving forward the development of recovery processes for used glass fibre products, including a novel process developed at Strathclyde. Glass-reinforced polymer composites (GRP), used in wind turbine blades around the world, is recognized as a hard-to-break-down source…