OSLO: Endúr ASA has entered into a share purchase agreement with Jörn Ryberg Holding AB og Cygnus Olor AB to acquire 100 percent of the shares in Marcon, a leading Swedish company engaged in marine infrastructure and civil engineering activities. “Marcon is a robust, fast-growing and highly profitable business. While Endúr holds a strong position…
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Napatech partners Lenovo to improved data center performance for 5G providers
COPENHAGEN: Napatech AS, the leading provider of programmable Smart NICs, announced that Lenovo, a tier-1 global server manufacturer, has partnered with Napatech to deliver 25 and 100 gigabit Ethernet programmable Smart NICs to data centers. The solution is the result of joint product and technology development between Napatech and Lenovo to meet the most demanding…
Magnora ASA makes strategic entry into Nordic solar PV market with 25% acquisition in Helios
OSLO: Magnora ASA has entered into an agreement to acquire a 25 percent ownership share in a share issue in Helios Nordic Energy AB, a Swedish solar PV company focusing on large-scale greenfield projects in the Nordics. Magnora has the option to acquire a further 15 percent ownership share of Helios. Through a highly experienced…
Telenor ASA reports 2.0% EBITDA growth for 2020
OSLO: For the full year 2020, Telenor ASA delivered an organic EBITDA growth of 2 percent and a solid free cash flow of NOK 21 billion. The year 2020 was marked by the global pandemic. In this unprecedented situation, Telenor accelerated the digitalization, managed to safeguard employees and maintained critical connectivity to customers. “In the…
Aker Carbon Capture signs MoU with Lyse and Forus Energi
OSLO: Aker Carbon Capture has signed a Memorandum of Understanding (MoU) with Forus Energigjenvinning and Lyse to explore ways to support the development of a full-scale carbon capture and storage facility in the Stavanger/Sandnes region in southwestern Norway. The collaboration follows the recent launch of the “Longship” full-scale CCS project by the Norwegian government. “Carbon…
FSRU Höegh Giant to serve 10-year charter with H-Energy in India
HAMILTON: Höegh LNG Holdings Ltd. has completed and signed all documentation for its 10-year charter with H-Energy and selected the FSRU Höegh Giant to serve this agreement, a news release said. The binding commitment was announced in a stock exchange notice on 19 November 2020. The agreement is for a period of 10 years with…
Play Magnus Group acquires Interchess BV, operator of New In Chess
OSLO: Play Magnus Group expands its industry-leading library of chess content with the acquisition of Dutch chess publisher, Interchess BV, which operates the New In Chess brand. New In Chess has built a world-class library of chess content comprising books, ebooks, digital subscriptions, and magazines. New In Chess has published over 200 titles, including best-sellers…
Jan Haglund leaves Komplett Bank to become CEO of Entercard
OSLO: Komplett Bank ASA CEO Jan Haglund has given notice to the Board of Directors to resign his position. He will take on the position as the CEO of Entercard in Sweden. Mr. Haglund will carry on his duties as CEO of Komplett Bank until the end of the second quarter this year. Exact timing…
Metsä Group chooses Zalaris for multi-country payroll and outsourcing of employees in 28 countries
OSLO: Zalaris ASA has signed a five-year agreement with Metsä Group to deliver Multi-Country Payroll technology and outsourcing services for 10,000+ employees operating in 28 countries. Reference is made to the announcement on 26 January regarding the signing of an agreement with a leading Nordic multinational company. The agreement with Metsä Group, which is one…
Shearwater GeoServices awarded 3D Survey in South East Asia
OSLO: GC Rieber Shipping ASA’s 17% owned geoservices company Shearwater GeoServices Holding AS announced the award of a marine seismic 3D survey in South East Asia. GC Rieber Shipping is a shipowner and project-house with focus on developing profitable and sustainable maritime projects. www.gcrieber-shipping.com
Moody`s upgrades OBOS-banken’s deposits and issuer ratings
OSLO: Moody`s Investor Service has today upgraded OBOS-banken’s deposit and issuer rating to A3 from Baa1, respectively, both carrying stable outlook. The rating upgrades are a result of Moody’s Loss Given Failure (LGF) analysis which takes into account the bank’s funding plans, resulting in one notch rating uplift from the BCA. https://www.moodys.com/research/Moodys-upgrades-four-Norwegian-banks-deposit-and-issuer-ratings-and–PR_439268
Mutares sells 80% stake in Nexive Group to Poste Italiane
MUNICH: Mutares SE & Co. has sold its 80% stake in Milan-based Nexive Group S.r.l. to Poste Italiane S.p.A., a news release said. Nexive is the No. 2 in the Italian postal and parcel market. Mutares had only acquired the 80% majority in Nexive Group in July 2020. The seller at the time, PostNL, initially…