OSLO: Vow’s subsidiary ETIA has been awarded a Euro 0.7 million contract in Italy with its technology Safesteril to sterilize and debacterize medical herbs. The ETIA Safesteril is an innovative steam sterilization process for spices, herbs, dehydrated vegetables, food, and other pharmaceutical ingredients. With growing health awareness and worldwide medical plants market expansion, the volume…
Category: Oslo Bourse
Corporate News, Oslo Bourse, M&A, Investment
Zwipe appoints new Executive Vice President Strategy & Channels
OSLO: Zwipe AS announced that Bishwajit Choudhary has accepted the position of Executive Vice President Strategy & Channels at Zwipe, commencing 2 June 2020. He will lead Zwipe’s engagement efforts towards banks, global and domestic card schemes, selected retailers and other important payments ecosystem stakeholders. Based in Oslo, Mr. Choudhary brings two decades of experience…
Archer secures multi-well P&A contract for modular rig Archer Topaz
HAMILTON BERMUDA: Archer Limited announced its formal contract award for provision of modular drilling unit and associated services by TAQA. “We are delighted with the award of this contract which secures the rig work until late 2023.” said Dag Skindlo, Chief Executive Officer of Archer. Archer’s rig has been contracted by TAQA to perform a…
Andreas Birgersson, Per Nisses and Philip Söderqvist launch real estate investment company with ABG Sundal Collier
OSLO: ABG Sundal Collier (ABGSC), Andreas Birgersson, Per Nisses and Philip Söderqvist have formed a real estate investment company in a joint venture. The company is called ABG Fastena and will acquire and manage properties in Sweden and Finland on behalf of external investors. ABGSC will have an ownership of 50% in ABG Fastena AB….
David B. Cook becomes new CEO of Noreco
OSLO: The Board of Norwegian Energy Company ASA (Noreco) announced the appointment of David B. Cook as the new Chief Executive Officer of Noreco with effect from 1 July 2020. Mr. Cook is an experienced executive with a successful track record from executive roles in the oil & gas industry. He most recently comes from…
Magnora signs letter of intent to invest in a UK onshore wind development project
OSLO: Magnora ASA, a leading Norwegian renewable energy investment company releases its fourth investment update – a letter of intent to invest in a UK onshore wind development project company with potential of 50 MW. Magnora makes another investment in a wind development project through a cooperation with a project development company in Scandinavia. The…
Kongsberg Digital signs agreement for real-time software services worth $25 million
OSLO: Kongsberg Digital has signed a $25 million agreement for the delivery of real-time data aggregation and visualization software and various domain specific services for a major energy company. The agreement includes an upside potential of up to $5 million over the next five years, should the customer decide to expand delivery to all installations….
Pexip listed on the Oslo Stock Exchange after the first fully-virtual IPO in Norway
OSLO: Pexip Holding, a video communications provider, was today listed on the Oslo Stock Exchange trading under the symbol PEXIP. Around the world, countries are in lockdown to prevent the spread of the Covid-19 virus, creating a surge in remote work and unprecedented demand for video conferencing. Organizations are relying on Pexip’s video platform to…
NEXT Biometrics receives initial purchase order from new US partner, Credence ID
OSLO: NEXT Biometrics, a global company in fingerprint sensor technology, has received an initial purchase order for its FAP 20 sensor from Credence ID, a US based leader in global mobile biometrics and credential reading devices. Credence ID chose NEXT Biometric technology as it expands its existing high-end Android product line to now include a…
Atea Sweden wins large new public sector frame agreement
OSLO: Atea Sweden has been awarded a frame agreement from the public sector purchasing agency Statens Inköpscentral Kammarkollegiet. The frame agreement has three parts which cover client devices (PCs, tablets and mobile phones), as well as related services and accessories. Atea has been awarded as a supplier on all three parts of the frame agreement….
SpareBank 1 SMN announces new mortgage rate cut
TRONDHEIM: SpareBank 1 SMN, a Norwegian savings bank, is to lower its residential mortgage lending rate by up to 0.40 percentage points. The change is effective as from 25 May. “This is our third interest rate cut in a short space of time, making mortgages even cheaper. We are putting the rate change into effect…
DNB lowers the interest rate on home mortgages by 0.4 percentage points
OSLO: DNB ASA has Friday decided to reduce the home mortgage interest rate by up to 0.4 percentage points. The price of money has fallen over the past weeks, as a result of market developments and the uncertainty around the Norwegian economy. “As Norway’s largest bank, we must be a safe and predictable partner for…