Category Archives: Sweden

Press Releases & News from Sweden distributed via EuropaWire

Södra Partners with ANDRITZ for Sustainable Upgrade of Mörrum Pulp Mill

(IN BRIEF) In a move towards enhancing sustainability and efficiency, Swedish forest industry group Södra has collaborated with international technology conglomerate ANDRITZ to upgrade three electrostatic precipitators (ESPs) at the Mörrum pulp mill. This mechanical and electrical refurbishment aims to … Read the full press release

EQT Private Equity Sells Stake in Ottobock to Majority Shareholder Professor Hans Georg Näder

(IN BRIEF) EQT Private Equity has announced the sale of its 20% stake in Ottobock, the leading provider of wearable human bionics solutions, to Professor Hans Georg Näder and the Näder Family. Since EQT’s investment in 2017, Ottobock has experienced … Read the full press release

Alfa Laval to Host First Net Zero Collaboration Event Focused on Sustainable Cities and Energy Efficiency

(IN BRIEF) Alfa Laval is gearing up to host a groundbreaking collaboration event on April 9th, aimed at addressing the imperative need for enhanced energy efficiency in cities to meet global net-zero targets by 2030, as per the COP28 agreement. … Read the full press release

Husqvarna Group Expands Commercial Reach with ETwater Acquisition

(IN BRIEF) In a strategic move, Husqvarna Group has announced its acquisition of ETwater, a prominent player in smart irrigation management for commercial markets in North America, from Rivulis Irrigation. ETwater’s integration into Husqvarna’s Gardena Division, specifically within the Orbit … Read the full press release

Nordic Investment Bank Commits EUR 125 Million Loan to Boost Innovation at Valmet Oyj

(IN BRIEF) The Nordic Investment Bank (NIB) has finalized a EUR 125 million 8-year loan agreement with Finnish company Valmet Oyj to support its research and development (R&D) initiatives in Finland and Sweden from 2023 to 2025. Valmet, a global … Read the full press release

wpd Achieves Wind Energy Milestones in Sweden and Finland

(IN BRIEF) wpd, a leading developer of onshore wind energy projects in Europe, has achieved significant milestones in Sweden and Finland. In Sweden, they’ve commissioned the Stöllsäterberget wind farm and secured contracts for future projects. In Finland, wpd is progressing … Read the full press release

ESS and Alfa Laval Spearhead Sustainable District Heating Initiative in Lund, Sweden

(IN BRIEF) The European Spallation Source (ESS) and Alfa Laval are leading a groundbreaking initiative to connect recovered, fossil-free waste heat from ESS to Lund’s district heating network in Sweden. Alfa Laval will provide heat exchangers using emission-free steel from … Read the full press release

Alfa Laval and K Shipbuilding Partner to Advance OceanGlide Air Lubrication System

(IN BRIEF) Alfa Laval has forged a significant collaboration with K Shipbuilding (KSB), a leading Korean shipyard, by signing a Memorandum of Understanding (MOU) for the installation of Alfa Laval OceanGlide Air Lubrication System in potential newbuilding projects such as … Read the full press release

EQT Welcomes Sir Alok Sharma as Senior Advisor on Geopolitical and Economic Trends

(IN BRIEF) EQT, a leading private equity firm, appoints the Right Honorable Sir Alok Sharma KCMG as Senior Advisor on geopolitical topics and economic trends, leveraging his extensive experience in sustainability. Sir Alok, former President of the 2021 United Nations … Read the full press release

EuroMaint Inaugurates State-of-the-Art Maintenance Center in Nässjö, Sweden

(IN BRIEF) EuroMaint, a subsidiary of the CAF Group and a leading railway services provider, marks the opening of a modern maintenance center in Nässjö, Sweden. The 35,000 square meters facility, strategically located, will maintain new trains delivered by CAF … Read the full press release

Skanska Secures USD 120M Supplemental Award for Waterfront Facility Upgrade in Eastern USA

(IN BRIEF) Skanska, a leading construction company, announces a supplemental award worth USD 120 million for preconstruction work and early commitments toward upgrading a waterfront facility in Eastern USA. This award, equivalent to approximately SEK 1.2 billion, will contribute to … Read the full press release

Husqvarna Group Boosts Green Initiatives with Successful SEK 1,750 Million Bond Placement

(IN BRIEF) Husqvarna Group, a leading manufacturer of outdoor power products, announces the successful placement of a SEK-denominated green bond worth 1,750 million over a 3-year term. The bond issuance, conducted under the company’s Medium Term Note Program, signifies Husqvarna … Read the full press release

Zoox Collaborates with AFRY to Advance Autonomous Vehicle Development

(IN BRIEF) Zoox, an American subsidiary of Amazon specializing in autonomous ride-hailing vehicles, partners with AFRY, leveraging their vehicle engineering expertise from Sweden to enhance the development of Zoox’s purpose-built robotaxi. This innovative vehicle, designed for fully autonomous operation, marks … Read the full press release

Evolution AB Announces Successful Acquisition of Own Shares in Capital Enhancement Initiative

(IN BRIEF) Evolution AB (publ) (“Evolution”) has reported its recent acquisition of own shares as part of the ongoing repurchase program aimed at enhancing the company’s capital structure and delivering increased shareholder value. Between March 4th and March 8th, Evolution … Read the full press release

SEB Funds Earn Top Honors at LSEG Lipper Fund Awards – Europe

(IN BRIEF) Three SEB funds have been recognized at the LSEG Lipper Fund Awards – Europe for their outstanding risk-adjusted returns in the Nordic and Swedish equities categories. SEB Nordenfond and SEB Sverigefond received awards for best risk-adjusted return in … Read the full press release

NIB and Billerud Aktiebolag Ink SEK 400 Million Deal for Sustainable Packaging R&D

(IN BRIEF) The Nordic Investment Bank (NIB) and Billerud Aktiebolag (publ) have finalized a SEK 400 million investment loan agreement to support Billerud’s research and development (R&D) activities from 2023 to 2026. Billerud, a leading Swedish paper and packaging materials … Read the full press release

FI Mortgage Report Highlights Strain on Households Amidst Economic Recession

(IN BRIEF) The Finansinspektionen (FI) mortgage report released reveals the ongoing pressure faced by Swedish households, exacerbated by rising interest rates and other expenses amidst a recessionary economy. The report indicates a significant decline in new mortgagors compared to previous … Read the full press release

Vattenfall’s Women Lead the Charge: Progress and Promises for Gender Diversity in Energy

(IN BRIEF) In the midst of International Women’s Day celebrations, Vattenfall, a key player in the energy market, showcases its commitment to gender diversity and equality. With women outnumbering men in top-level management, including the CFO Kerstin Ahlfont, Vattenfall highlights … Read the full press release

AFRY Management Consulting Report Highlights Challenges of EU Carbon Border Adjustment Mechanism for Electricity Imports from Great Britain

(IN BRIEF) A new report from AFRY Management Consulting commissioned by interconnector businesses and transmission companies sheds light on the potential impact of the EU Carbon Border Adjustment Mechanism (CBAM) on electricity imports from Great Britain (GB). The study identifies … Read the full press release

Vattenfall and Borealis Forge Renewable Energy Partnership to Drive Decarbonization

(IN BRIEF) Vattenfall and Borealis have entered into a groundbreaking long-term renewable hydropower purchase agreement (PPA) aimed at bolstering sustainability efforts. Starting January 2024, Vattenfall commenced supplying Borealis’ Stenungsund operations with 175 GWh per year of renewable energy sourced from … Read the full press release

Ericsson and Mobily Forge Partnership to Enhance Network Programmability in Saudi Arabia

(IN BRIEF) Ericsson and Etihad Etisalat (Mobily) have signed a Memorandum of Understanding (MoU) at LEAP 2024, Riyadh, Kingdom of Saudi Arabia, aiming to expose Mobily’s network capabilities to enterprises and developers in the country. Through this collaboration, Mobily will … Read the full press release

Stora Enso and SEB Forge Path for Forest Industry Entrepreneurs with Innovative Financing Model

(IN BRIEF) Stora Enso’s innovative Harvesting Partner concept, aimed at fostering entrepreneurship and skillful operators in the forest industry, has expanded across Sweden, Finland, Norway, and Lithuania since its launch in November 2022. In collaboration with SEB, Stora Enso has … Read the full press release

Cybersecurity across Europe in the last quarter: Post-Quantum Cryptography, 6G Network and Cloud Security

(IN BRIEF) In the last quarter (1 Dec 2023 – 1 Mar 2024), Europe’s cybersecurity scene was marked by significant strides, with Thales and Ericsson leading initiatives to enhance digital security. Thales’ TrustNest R-Cloud received European Restricted certification, bolstering secure … Read the full press release

Hydro Rein Partners with IOWN Energy for Large-Scale Wind Power Projects in Sweden and Norway

(IN BRIEF) Hydro Rein, Hydro’s renewable growth venture, has struck a deal with Swedish renewable energy developer IOWN Energy to acquire an 80 percent stake in a 2.4 GW portfolio of wind power projects in Sweden and Norway. The partnership … Read the full press release

Triton Unveils Merger of Assemblin and Caverion, Creating Premier Technical Service Group

(IN BRIEF) Triton announces the strategic combination of its portfolio companies, Assemblin and Caverion, into the newly formed Assemblin Caverion Group, headquartered in Sweden. This merger, aimed at capitalizing on complementary strengths and expanding service offerings, marks Triton’s continued investment … Read the full press release

Atlas Copco Group Expands Sustainability Portfolio with Acquisition of Houston-based Zahroof Valves Inc.

(IN BRIEF) Atlas Copco Group has acquired Zahroof Valves Inc., a company specializing in reciprocating compression valve technology based in Houston, Texas. Zahroof Valves’ innovative technology is renowned for reducing emissions and enhancing energy efficiency in the oil and gas … Read the full press release

Gasum Expands Filling Station Network to Meet Growing Demand for Biogas in Sweden

(IN BRIEF) Gasum, an energy company, is set to open a new filling station in Vänersborg, Sweden, in collaboration with logistics firm Centralen, aiming to address the increasing demand for biogas across the Nordics. Scheduled to open on March 11, … Read the full press release

Optus Trials Ericsson’s Multi-Operator Radio Dot System for Enhanced Indoor 5G Connectivity

(IN BRIEF) Optus, a leading Australian telecom operator, has conducted successful trials of Ericsson’s high-capacity wideband multi-operator Radio Dot System, positioning itself at the forefront of indoor 5G connectivity innovation. The system promises to deliver high-speed, ultra-low latency, and reliable … Read the full press release

Atlas Copco Group Enhances Service Offerings in Hamburg with Acquisition of Compressor Specialist Druckluft-Technik-Nord GmbH

(IN BRIEF) Atlas Copco Group has acquired Druckluft-Technik-Nord GmbH, a compressor distributor based in Bad Oldesloe in the Hamburg area of Germany. With 18 employees, Druckluft-Technik-Nord GmbH specializes in sales and service of compressed air technology. The acquisition aims to … Read the full press release

Atlas Copco Group Strengthens Market Position with Portland-Based Pacific Air Compressors Acquisition

(IN BRIEF) Atlas Copco Group has acquired Pacific Sales & Service, Inc. (Pacific Air Compressors), a distributor of compressors and related equipment based in Portland, Oregon. With 15 employees, Pacific Air Compressors strengthens Atlas Copco’s presence in the Portland area, … Read the full press release

Enhancing Mining Operations: Sandvik to Supply AutoMine® System to Codelco’s Chilean Mine Project

(IN BRIEF) Sandvik, a global leader in mining solutions, has secured a significant order from Codelco, the world’s largest copper producer. Valued at around SEK 300 million, the order is for Sandvik’s AutoMine® load and haul automation system to be … Read the full press release

AFRY Strengthens Renewable Energy Portfolio with Carelin Oy Acquisition

(IN BRIEF) AFRY has announced its acquisition of Carelin Oy, a leading provider of project management, energy, and asset care services in the Finnish renewable energy market. This strategic move aims to enhance AFRY’s offerings in the renewables sector, allowing … Read the full press release

The European companies at MWC Barcelona 2024: AI, 5G, VR, XR, Cybersecurity, Digital Transformation, Entertainment, etc.

(IN BRIEF) At the Mobile World Congress (MWC) Barcelona 2024, European companies showcased a wide array of innovations and strategic partnerships that underscored their commitment to driving digital transformation and enhancing connectivity across various sectors. The key topics discussed by … Read the full press release

EQT Private Capital Asia Completes Block Trade, Exits Stake in India’s CMS Info Systems

(IN BRIEF) EQT Private Capital Asia has finalized the sale of its remaining 26.7 percent stake in CMS Info Systems Limited, India’s foremost cash management company, through a USD 187 million block trade. During EQT’s ownership, CMS strengthened its market … Read the full press release

Telefónica and Ericsson Unveil the Technological Marvels Behind Lang Lang’s Unforgettable Concert Experience

(IN BRIEF) At Mobile World Congress (MWC) 2024, Telefónica and Ericsson divulged the technical intricacies behind the groundbreaking concert featuring Chinese pianist Lang Lang at the Gran Teatre del Liceu in Barcelona. Leveraging the power of 5G technology, the event … Read the full press release

Vattenfall Advances Plans for Negative Emissions Facility in Jordbro, Stockholm

(IN BRIEF) Vattenfall is progressing with its initiative to establish a facility in Jordbro, Stockholm, capable of capturing up to 150,000 tonnes of carbon dioxide annually from a biomass-fueled heat plant. This endeavor represents a crucial step towards achieving negative … Read the full press release

Optus and Ericsson Achieve Significant Energy Savings with Dynamic Efficiency Solutions for 5G Networks

(IN BRIEF) Optus and Ericsson have collaborated to deploy dynamic energy efficiency software solutions in Optus’s 5G mobile network, resulting in a potential incremental reduction in energy consumption across the network’s Ericsson radio access footprint. The implemented solutions, including Massive … Read the full press release

Ericsson and O2 Telefónica Forge Ahead with Cloud RAN Deployment in Europe

(IN BRIEF) Ericsson and O2 Telefónica are set to deploy Cloud RAN technology in Offenbach, Germany, in the first half of 2024, marking the introduction of Ericsson Cloud RAN in Europe. This joint initiative aims to leverage virtualization and cloud … Read the full press release

AT&T and Ericsson Achieve Milestone with Cloud RAN Deployment for Open RAN

(IN BRIEF) AT&T and Ericsson have achieved a significant milestone in their collaboration by completing a Cloud RAN call, marking progress in deploying Open RAN. The successful deployment, located south of Dallas, Texas, signifies the acceleration of AT&T’s C-Band deployment … Read the full press release

Ericsson-Intel Tech Hub Achieves Milestone with Successful Cloud RAN Call Using Future Xeon Processor

(IN BRIEF) The Ericsson-Intel Tech Hub, stationed in Santa Clara, USA, has reached a significant milestone with the successful completion of a Cloud RAN call utilizing Intel’s future Xeon processor, Granite Rapids-D. This achievement underscores the hub’s role as a … Read the full press release