LONDON: Ofgem has set out its working assumptions on the financial package that will be applied for the next round of price controls for local electricity networks (DNOs) starting in April 2023. Ofgem has confirmed ambitious plans to boost investment in local electricity grids needed to support the growth in electric cars, small scale renewables,…
Mutares SE & Co. signs agreement to divest STS Group AG to Adler Pelzer Group
MUNICH: Mutares SE & Co. KGaA signed an agreement to divest its stake in STS Group AG to Adler Pelzer Group following its best owner principle. The transaction includes the shares and the full business operations of Plastics and Materials in Europe, China and the US. The company will be part of the Adler Pelzer…
Sumo Logic signs agreement to acquire DFLabs
REDWOOD CITY: Sumo Logic has entered into an agreement to acquire DF Labs S.p.A., a provider of security orchestration, automation and response (SOAR) software. The acquisition will extend Sumo Logic’s cloud-native SIEM solution to help reduce or eliminate tedious and error-prone manual tasks and empower SOC teams to accelerate threat detection, analysis, incident response and forensic…
EROAD appoints Casey Ellis as President North America
WELLINGTON: Transportation technology services company EROAD Limited has appointed Casey Ellis to the role of President, North America. Casey has held significant senior leadership positions in the Transport and Logistics sector in North America, including 13 years at Uni-Group Ltd, where he was instrumental in their transformation to an agile, customer focused organisation. As President…
Rallye to sell Groupe Go Sport to Financière Immobilière Bordelaise EUR 1.0
PARIS: Rallye has entered into exclusive negotiations with Financière Immobilière Bordelaise for the sale of the entire share capital of Groupe Go Sport for a price of EUR 1 without any representation and warranties given by Rallye. Completion of the sale is notably subject to the consultation of Go Sport Group employee representative bodies (instances…
TECO 2030 to set up Norway’s largest hydrogen fuel cells production in Narvik
NARVIK: TECO 2030 ASA plans to establish Norway’s first large-scale production of hydrogen-based fuel cells in Narvik in Northern Norway, a news release said. Fuel cells enable ships and other heavy applications to switch from fossil fuels such as heavy oil and diesel to climate-friendly hydrogen, and thereby reduce greenhouse gas emissions from the shipping…
Eric Lundberg appointed CEO of Apotek Hjärtat
STOCKHOLM: Eric Lundberg has been appointed as the new CEO of Apotek Hjärtat, a news release said. He served most recently as CEO of Kjell & Company, where he has been since 2018. Prior to this, Eric Lundberg was Director of Marketing for Apoteket AB and also held corresponding positions for companies such as Plantagen…
Arcadis appoints Alexis Haass as its first Chief Sustainability Officer
AMSTERDAM: Arcadis announced that Alexis Haass has joined as its first Chief Sustainability Officer to help drive the company’s strategy and deliver on its goal of making a significant, quantifiable, and positive contribution to sustainable development. Alexis joins Arcadis after 13 years at adidas where she led its Brand Sustainability team. At adidas, her responsibilities…
Otovo launches leasing of solar panels in France
OSLO: Following the launch of the leasing product in Norway and Spain in May 2020 and Sweden in December 2020, Otovo has now made leasing of solar panels available to customers in France. The leasing product is available on the In Sun We Trust web site and the first installations are expected to be completed…
Siemens Gamesa awards upto $120 million contract to Cadeler A/S
OSLO: Siemens Gamesa, a world leading supplier of wind power solutions, has awarded Cadeler A/S a contract of approximately $90 million, with an additional $30 million in options, to transport and install turbines of the SG 14-222 DD model. The turbines are expected to be the largest wind turbines in the world at the time…
Kazatomprom appoints Aliya Akzholova as Chief Operating Officer
LONDON: JSC National Atomic Company (Kazatomprom) announced the following change to the Company’s senior management team. Chief Operating Officer (COO): Dauren Kunanbayev resigned from his position as COO effective 04 March 2021, and has chosen to leave the Company to pursue other interests. The Company thanks Mr. Kunanbayev for his many contributions in various management…
Sabien Technology Group forms subsidiary in USA, Sabien Inc.
LONDON: Sabien Technology Group has incorporated Sabien Inc, its wholly owned US subsidiary in the State of Delaware, a news release said. US investor and technology company operator Danny Mills has been appointed as President and Richard Parris is Chairman and Company Secretary of Sabien, Inc. The company will operate from San Antonio, TX. Sabien,…