OSLO: The Board of Directors of Swedbank has decided not to file claims for damages against its former Chairs and CEO for the time they were employed in the fiscal year 2019. Last year, the Board of Directors decided not to initiate legal proceedings against Birgitte Bonnesen and Michael Wolf for the fiscal years prior…
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Cyviz partners Microsoft to deliver solutions to Microsoft Technology Centers worldwide
OSLO: Microsoft Corporation has selected Cyviz to jointly design, develop and deliver next-generation visual collaboration solutions for Microsoft Technology Centers (MTCs) worldwide, a news release said. The Microsoft Technology Centers (MTCs) 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…
IDEX Biometrics ADSs to be Listed on Nasdaq as of 1 March
OSLO: IDEX Biometrics ASA announced that the Company will list American Depositary Shares (ADSs) each representing 75 ordinary shares of the Company on the Nasdaq Capital Market. Nasdaq has approved the ADSs for listing, and they are expected to begin trading under the symbol “IDBA” on 1 March 2021, subject to approval by the U.S.…
Simplifai partners VAD Technologies to push market penetration in Middle East
OSLO: ELOP’s AI business unit Simplifai has entered into the strategic partnership agreement with VAD Technologies (VAD), one of the largest distributors of IT and technology services in the Middle East, to fast-track the market penetration of Simplifai’s AI solutions in the Middle East. VAD’s head office is located in Dubai, and the company has…
Keliber Oy sells 30 percent stake to Sibanye-Stillwater Limited for EUR 30 million
OSLO: Keliber Oy and leading international mining company Sibanye-Stillwater Limited have entered into an investment agreement for an initial phased equity investment of EUR 30 million for approximately 30% shareholding in Keliber, a news release said. In addition, existing shareholders will be offered to subscribe for shares for up to EUR 10 million on the…
Magnora ASA to acquire South African company
OSLO: Magnora ASA has entered into agreements to acquire 100 percent of the shares in a South African company with a 775 MW greenfield renewable development portfolio. In addition, Vindr group is merging with an onshore wind and solar PV project developer in the South African market. In connection with this, Magnora increases its ownership…
Nordic Unmanned starts work in Norway with global mobile network provider
OSLO: Nordic Unmanned has started the work on its framework agreement with a global mobile network provider for the planning and execution of 4G and 5G mobile site surveys. The inspections will provide the client with information regarding the position and general structure of outdoor assets, such as radio and transmission equipment, cables, and towers.…
AqualisBraemar LOC acquires renewables consultancy, East Point Geo Ltd
OSLO: AqualisBraemar LOC ASA has entered into a definitive agreement for the acquisition of 100% of the share capital of East Point Geo Ltd. East Point Geo is an independent geoscience consultancy providing support for major offshore and onshore engineering projects, specialising in renewables and oil and gas developments. In the last twelve months, the…
Aker Horizons launches Aker Clean Hydrogen to industrialize clean hydrogen
OSLO: Aker Horizons AS has announced the launch of a new platform company, Aker Clean Hydrogen, a pure-play industrial clean hydrogen producer to serve a fast-growing global market. With a proven execution model and unique end-to-end asset integration and optimalization capabilities, Aker Clean Hydrogen aims to emerge as the most efficient hydrogen value chain integrator…
Aker, Yara Statkraft to establish Europe’s first large-scale green ammonia project in Norway
OSLO: Aker Horizons AS has signed a Letter of Intent with Statkraft AS and Yara International ASA to establish Europe’s first industrial-scale green ammonia project in Norway, a news release said. The first project in the partnership will be to electrify Yara’s existing ammonia facility in Porsgrunn, which has the potential to be one of…
BW Offshore invests EUR 60mn to become strategic owner of Ideol S.A.
OSLO: BW Offshore Limited has signed a share purchase agreement to become a strategic owner of Ideol S.A., a global pure player in floating offshore wind technology. BW Offshore to invest EUR 60 million to attain a strategic stake in BW Ideol. BW Ideol is planning to seek admission to trading on Euronext Growth Oslo…
CMA objects Adevinta’s proposed acquisition of eBay Classifieds Group
OSLO: Adevinta ASA has confirmed that the UK Competition and Markets Authority (CMA) has announced that it has concerns that Adevinta’s proposed acquisition of eBay Classifieds Group from eBay Inc could reduce competition in the UK, following its Phase 1 review. Adevinta and eBay now have the opportunity to propose potential remedies to avoid the…