GOTHENBURG: Bilia AB has concluded an agreement to acquire an authorised Mercedes dealer, Upplands Motor Stockholm AB, who conduct sales and service operations for Mercedes cars, transport vehicles and trucks at four facilities in the Stockholm area in Sweden. The agreement is subject to approval by the Swedish competition authority. Bilia is expecting to take…
Søren Krogh Knudsen appointed new CEO of Columbus
COPENHAGEN: Søren Krogh Knudsen will take up the position as President & CEO of Columbus, a news release said. Søren joins from a position as Partner and Regional Head of PA Consulting Group in the Nordics as well as Global Head of Sales for PA Consulting Group. He is an experienced international leader within the…
Carbios and Michelin collaborate to create 100% sustainable tires
PARIS: CARBIOS and MICHELIN have taken a major step towards developing 100% sustainable tires, a news release. Michelin has successfully tested and applied Carbios’ enzymatic recycling process for PET plastic waste, in order to create a high tenacity tire fibre that meets the tire-giant’s technical requirements. Enzymatic recycling: a revolutionary process Carbios’ enzymatic recycling process…
BW Offshore to demolish and recycle FPSO Berge Helene at Priya Blue shipyard in India
OSLO: BW Offshore has signed an agreement to dispose of the FPSO Berge Helene for environmentally safe demolition and recycling in compliance with the Hong Kong Convention at Priya Blue shipyard in India. The FPSO Berge Helene is a floating storage/production unit of 274,333 deadweight-ton capacity built in France in 1976 and converted to an…
Arendals Fossekompani’s Alytic acquires Utel Systems
ARENDAL: Alytic, a portfolio company of Arendals Fossekompani ASA (AFK), has acquired Utel Systems as part of the strategy to transform data-driven companies with unique domain expertise into scalable Software-as-a-Service companies with international potential, a news release said. “The acquisition of Utel Systems fits perfectly with our growth strategy to transform data-driven companies to international…
HydrogenPro and Hynion sign agreements on green hydrogen supply
OSLO: HydrogenPro AS will supply hydrogen to Hynion’s fueling station at Herøya in Porsgrunn; and HydrogenPro and Hynion will initiate a general co-operation for the hydrogen supply of future Hynion installations. HydrogenPro will supply green hydrogen to Hynion´s fueling station at Herøya Industripark from two of its test and demo electrolyser containers located nearby. At…
LSL Property forms £200m joint venture with Pollen Street Capital
LONDON: LSL Property Services has formed a joint venture with Pollen Street Capital (PSC) to establish Pivotal Growth Limited, a vehicle seeking to become a leading national mortgage broker powered by market leading technology, first class regulatory compliance and exemplary customer service. It is planned that at least £200m will be made available by way…
Telstra investing $277 million to secure 5G spectrum across Australia
SYDNEY: Telstra Corporation has secured 1000 MHz in the 26 GHz spectrum auction, investing $277 million to further extend its leadership in 5G now and into the future, a news release said. Telstra secured the spectrum in all major capital cities and regional areas where it was sold. Telstra CEO Andrew Penn said the new…
FirstGroup to sell First Student and First Transit to EQT Infrastructure for $4.6 billion
LONDON: FirstGroup plc has entered into an agreement for the sale of First Student and First Transit to EQT Infrastructure, a news release said. David Martin, FirstGroup Chairman said: “We are delighted to announce the sale of our North American contract divisions First Student and First Transit to EQT Infrastructure for $4.6bn. This transaction, which…
OMV Petrom to be operator of Neptun Deep block, as Romgaz finalizes deal with ExxonMobil
LONDON: OMV Petrom and Romgaz are cooperating to unlock the natural gas resources in the Black Sea. These are essential for Romania’s energy security, for the success of the energy transition and for generating economic growth, a news release said. In case of acceptance of the Romgaz offer by ExxonMobil, OMV Petrom will act as…
Bigblu Broadband agrees to dispose of Quickline holdings in a £48.6 million deal
LONDON: Bigblu Broadband plc (BBB) has conditionally agreed to sell company’s holding in Quickline – the holding company for Quickline Communications Limited – to global private markets investment firm Northleaf Capital Partners. The Disposal values BBB’s shareholding in Quickline at up to £48.6 million, equivalent to approximately 84 pence per BBB ordinary share. The consideration will be…
Bloomsbury Publishing to acquire assets of Red Globe Press for £3.7 million
LONDON: Bloomsbury Publishing Plc has signed a sale and purchase agreement for the acquisition of certain assets of Red Globe Press (RGP) from Macmillan Education Limited, a part of Springer Nature Group. The consideration is £3.7 million, of which £2.1 million will be satisfied in cash at completion and up to £1.6 million will be…