STOCKHOLM: Lagercrantz has acquired 88% of the shares in Stalon AB, a Swedish manufacturer of silencers for hunting firearms. Stalon is based in Stalon, outside Vilhelmina in northern Sweden, where the company conducts development and production in its own facilities. The company…
HELSINKI: Pasi Flinkman is stepping down as chief executive of Raisio plc, the Finnish food company said Thursday, after informing the board he is leaving to join another firm. Flinkman will remain as CEO until November or until a successor is…
LONDON: Rentokil Initial plc said Thursday it has appointed Rafael “Rafa” Carrasco as chief executive officer of its North America business, effective Aug. 3. Carrasco joins the pest control and hygiene services company from WM (formerly Waste Management Inc.), where he most…
LONDON: Britain’s energy regulator on Thursday published a final methodology governing how the nation’s electricity distribution networks will invest to keep pace with soaring demand between 2028 and 2033, imposing tighter cost controls and stronger consumer protections. The Sector Specific…
LONDON: TruFin has conditionally agreed to sell its 84.5 per cent interest in Playstack Limited, held via its wholly owned subsidiary, TruFin Holdings, to VantageCo Limited, which will result in net cash proceeds receivable of approximately £112.4 million. The purchaser is an indirect…
KAISERAUGST: dsm-firmenich, innovators in nutrition, health and beauty, today announced the listing of its ordinary shares on SIX Swiss Exchange, in addition to its existing listing on Euronext Amsterdam. Trading on SIX Swiss Exchange commences today under the ticker symbol DSFIR. The…
MALVERN: Vertiseit AB (publ) announced Tuesday it has acquired Scala, a foundational brand in the digital signage industry, in a deal valued at approximately 265 million Swedish kronor ($31 million). The acquisition adds about 85 million SEK in annual recurring revenue to Vertiseit, a…
MILAN: Stellantis and China’s Dongfeng Group have signed a non-binding memorandum of understanding to expand their 34-year partnership, aiming to create a Europe-based joint venture focused on the sales and distribution of Dongfeng’s new energy vehicles, the companies said. The proposed Stellantis-led venture…
PARIS: Legrand (Paris:LR) said Wednesday it has acquired SRS Power Engineering in Malaysia, a move that deepens the French electrical equipment maker’s foothold in Asia’s growing data center market. The acquisition of Selangor-based SRS, a specialist in low- and medium-voltage power protection…
LONDON: Mkango Resources Ltd. has signed an agreement to acquire Heraeus Amloy Technologies GmbH’s rare earth magnet recycling business for €8 million ($9.4 million), the company announced Monday. The acquisition of Remloy includes a fully commissioned plant in Bitterfeld, Germany, that…
LONDON: Essentra plc, a leading global provider and manufacturer of essential components and solutions, announced the agreement to acquire Boteco Srl (“Boteco”), an Italian, family-owned, expert designer and manufacturer of mechanical components for an initial cash consideration of €7.4m (the “acquisition”). Based in…
STOCKHOLM: Embracer Group AB said Wednesday it intends to separate into two publicly traded companies, spinning off its Fellowship Entertainment unit in a move aimed at sharpening management focus and accelerating value creation. The board of directors proposed distributing shares of Fellowship Entertainment to…