ALPHEN AAN DEN RIJN: Wolters Kluwer Legal & Regulatory has signed an agreement to acquire Libra Technology GmbH (Libra), a Berlin-based provider of AI technology for legal professionals, for up to €90 million, of which €30 million is an upfront payment with the balance being deferred consideration contingent upon reaching certain performance targets. Libra has…
Tag: Europe
Statkraft divests $1.2 billion in assets as part of strategic overhaul
OSLO: Norwegian state-owned utility Statkraft AS said on Thursday it has signed deals to sell 13.5 billion crowns ($1.2 billion) worth of assets in the third quarter, a key step in a refocused strategy that comes as the company navigates lower power prices and hedging losses. The divestments, which include its district heating business and…
Coca-Cola HBC AG agrees to acquire 75% shareholding in Coca-Cola Beverages Africa for $2.6 billion
LONDON: Coca-Cola HBC AG has entered into a definitive sale and purchase agreement to acquire a 75% shareholding in Coca-Cola Beverages Africa Pty Ltd (CCBA) from The Coca-Cola Company and Gutsche Family Investments Pty Ltd (GFI) for a combined purchase price of US$2.6 billion, implying an equity value for 100% of CCBA of US$3.4 billion….
Lleida.net reports record-breaking first quarter performance
PARIS: Technology company Lleida.net (BME: LLN) (EPA: ALLN) (OTCQX: LLEIF) announced Monday that it recorded its best quarter ever between January and March 2025, reporting €5.29 million in sales—up 12% compared to the same period last year. The Spain-based company, which specializes in certification, notification, and registered electronic signature services, also posted an EBITDA of…
Sony announces PlayStation 5 price increases
Sony has announced price hikes for some PlayStation 5 (PS5) gaming consoles in multiple markets, including the United Kingdom, Europe, Australia, and New Zealand. The price increases, effective Monday, come as the company grapples with what it describes as a “challenging economic environment,” citing high inflation and fluctuating exchange rates. In a blog post confirming the…
Envipco reports record revenues and profits in Q4 23, driven by European expansion
OSLO: Envipco, a global leader in recycling systems and reverse vending machines, announced its Q4 23 results on Thursday, March 7, 2024, showing a remarkable growth in revenues and profits, mainly due to its successful expansion in Europe. The company reported a 165% year-on-year increase in group revenues to EUR 35.4 million, with Europe accounting…
Iliad to buy 19.8% stake in Tele2 from Kinnevik for $1.26 billion
French telecoms group Iliad, led by billionaire Xavier Niel, has agreed to buy a 19.8% stake in Swedish operator Tele2 from investment firm Kinnevik for 13 billion crowns ($1.26 billion), the companies said on Monday. The deal, which values Tele2 at a 13% premium to its closing price on Feb 23, will be completed in…
Aldar and Carlyle join forces to invest in European logistics and self-storage assets
Abu Dhabi, UAE: Aldar Properties, the UAE’s leading real estate developer, investor, and manager, has announced a strategic partnership with Carlyle (NASDAQ: CG), a global investment firm, to invest in logistics and self-storage assets in Europe. The partnership is part of Aldar’s international expansion plan, which aims to diversify its portfolio and tap into high-growth…
Otovo and Meyer Burger join forces to offer European solar modules
OSLO, NORWAY: Otovo, Europe’s leading marketplace for solar installations, today announced the launch of a partnership with Swiss solar module manufacturer Meyer Burger Technology Ltd, starting in February. This collaboration underlines the joint commitment to building a more resilient and sustainable energy infrastructure in Europe. As part of this initiative, Meyer Burger’s high-quality solar products…
Europe’s intelligent automation market shifts to hyperautomation and GenAI
LONDON: A new research report by Information Services Group (ISG), a leading global technology research and advisory firm, reveals that Europe’s intelligent automation landscape is entering a new phase, driven by enterprise demand for hyperautomation and the emergence of generative AI (GenAI) as a major technology disruptor. Hyperautomation is the ability to drive end-to-end intelligent…
Getlink SE reports all-time high revenue of €1.829 billion in 2023
PARIS, FRANCE: Getlink SE Group, the European leader in transport infrastructure, announced its consolidated revenue for 2023, reaching an all-time high of €1.829 billion. This represents a 15% increase from 2022, and reflects the remarkable performance of the Group’s businesses. The Group reiterates its confidence in its ability to exceed EBITDA of €910 million in…
Green Lithium & Trafigura agree to develop commercial lithium refinery in Europe
GENEVA: Lithium processing company Green Lithium has agreed terms with Trafigura to support the development of one of the first centralised commercial lithium refineries in Europe. The new refinery will supply European electric vehicle and battery manufacturers with battery-grade lithium chemicals. Under the newly-established relationship, Trafigura plans to supply lithium feedstock required for the planned…