Category Archives: Business

Business Press Releases & News distributed via EuropaWire

New management appointments at CACEIS’s Private Equity division

PARIS, 21-Mar-2018 — /EuropaWire/ — CACEIS’s specialised Private Equity division has experienced massive growth over the past few years due to the group’s strategy of heavy investment in market-leading software, highly-attractive services such as bridge financing facilities, and its skilled … Read the full press release

UK Gov to improve corporate governance framework and ensure the highest standards of behaviour in those who lead and control companies in insolvency

Government plans to improve the UK’s corporate governance framework to ensure the UK remains one of the best places to start and grow a business. Directors selling companies recklessly to face tough new sanctions including fines and disqualification Creditors could have … Read the full press release

Telenor sells its assets in Central and Eastern Europe (CEE) to PPF Group for EUR 2.8 billion

Fornebu, Norway, 21-Mar-2018 — /EuropaWire/ — Telenor has entered into an agreement to sell its assets in Central and Eastern Europe (CEE) to PPF Group for EUR 2.8 billion (around NOK 27 bn) on an enterprise value basis. The Board of … Read the full press release

Saint-Gobain to acquire Logli Massimo, Italian leader in glass systems and accessories

Courbevoie, France, 20-Mar-2018 — /EuropaWire/ — Saint-Gobain has acquired Italian company Logli Massimo, the specialist in glass systems and accessories for the fixing and assembly of glass panels, in particular for railings, shower doors, partition walls and interior and exterior doors. … Read the full press release

Hydro to expand the scope of SGW’s mandate and to launch an internal audit of Alunorte refinery

Hydro expands the scope of the ongoing independent review of Alunorte by Brazilian environmental consultancy SGW Services to include all interfaces with areas adjacent to the refinery operation. Hydro’s Internal Audit will conduct a full review of all licenses, complementing … Read the full press release

Wärtsilä to acquire Transas, global market leader in marine navigation solutions

HELSINKI, 20-Mar-2018 — /EuropaWire/ — The technology group Wärtsilä is to acquire Transas, a global company headquartered in the U.K. The move will speed Wärtsilä along its path towards its Smart Marine Ecosystem vision. Established in 1990, Transas is a global market leader … Read the full press release

H. Lundbeck A/S to acquire Prexton Therapeutics BV for EUR 100 million upfront and up to EUR 805 million in development and sales milestones paid later

Lundbeck will make an upfront payment of EUR 100 million and the deal terms also include up to EUR 805 million in development, regulatory and sales milestones Foliglurax is a first-in-class treatment which entered clinical phase II testing in Parkinson’s … Read the full press release

Hexagon AB to acquire US based software company for the heavy civil construction industry

STOCKHOLM, 19-Mar-2018 — /EuropaWire/ — Hexagon AB, a leading global provider of information technology solutions, announced today the acquisition of AGTEK, a leading US based software company specialising in planning and productivity solutions for the heavy civil construction industry. With headquarters in Livermore, California, … Read the full press release

Icade Promotion and REI Habitat to step up wood construction in France

PARIS, 19-Mar-2018 — /EuropaWire/ — On March 14, 2018, Icade Promotion and REI Habitat signed a co-development partnership agreement with respect to several wood-based construction projects over the next few years in the Paris region and major French cities. Their goals … Read the full press release

SGS releases its its ninth annual Sustainability Report: 17.8% decrease of greenhouse gas emissions since 2014

SGS today publishes its ninth annual Sustainability Report. This report is aligned with the Global Reporting Initiative’s (GRI) G4 reporting framework at “Comprehensive” level, and it provides a detailed account of our sustainability approach. GENEVA, 19-Mar-2018 — /EuropaWire/ — For the … Read the full press release

Triton Fund IV company Glamox AS to acquire all equity interest of O. Küttel AG from Regent Beleuchtungskörper AG

OSLO/ KRIENS, 19-Mar-2018 — /EuropaWire/ — Glamox AS (“Glamox”), a Triton Fund IV company, has entered into an agreement to acquire all equity interest of O. Küttel AG (“Küttel”), a leading Swiss provider of lighting for the professional building market from … Read the full press release

Coface: Growing Chinese investments could eventually pose a threat to Japanese corporate interests in the Asia Pacific region

Bois-Colombes, France, 16-Mar-2018 — /EuropaWire/ — According to Coface, China and Japan are becoming competitors for trade and investment in the Asia Pacific region. Coface’s report, entitled “Clash of the Titans: China’s rise fuels competition with Japan’s interests in Asia”, reveals … Read the full press release

NIB to loan EUR 42 million to Tine SA for the construction of its new dairy in Bergen, Norway

NIB and the Norwegian dairy company Tine SA have signed a loan agreement of NOK 400 million (EUR 42 million), with a 12-year maturity, on financing the construction of Tine’s new dairy in Bergen, Norway. In order to save energy, waste … Read the full press release

Altor Fund IV to acquire majority stake in the largest accounting and consulting firm in Sweden LRF Konsult AB

On March 7th, Altor Fund IV (“Altor”) signed an agreement to acquire a majority ownership in the largest accounting and consulting firm in Sweden, LRF Konsult AB (“LRF Konsult”). STOCKHOLM, 15-Mar-2018 — /EuropaWire/ — LRF Konsult offers services within accounting, … Read the full press release

Koninklijke Ten Cate B.V. reached an agreement with Toray Industries Inc. for the acquisition of TenCate Advanced Composites

Acquisition to accelerate growth in advanced composites for both companies  Almelo, The Netherlands, 15-Mar-2018 — /EuropaWire/ — Koninklijke Ten Cate B.V. (“TenCate”) today announces it has reached an agreement with integrated chemicals and materials group Toray Industries Inc. (“Toray”) on … Read the full press release

Inmarsat signs Global Xpress (GX) partnership contract to boost Turksat’s existing regional Ka-band capacity

New contract deepens relationship and boosts Turksat’s existing regional Ka-band capacity LONDON, 15-Mar-2018 — /EuropaWire/ — Global satellite communications provider Inmarsat is set to strengthen its relationship with Turksat by signing a Global Xpress (GX) partnership contract to boost the Turkish … Read the full press release

Co-op opens new food store in Market Harborough following a £1.9M investment

MANCHESTER, 15-Mar-2018 — /EuropaWire/ — The Co-op serves-up a new food store in Market Harborough following a £1.9M investment creating 15 jobs. The Leicester Road store launches on Thursday, 15 March, with representatives from Market Harborough Primary Academy and the Market Harborough Fire … Read the full press release

SENER and MASDAR co-owned company Torresol Energy turns 10

MADRID, 14-Mar-2018 — /EuropaWire/ — Torresol Energy, a company created by the engineering and technology group SENERand the alternative energy company from Abu Dhabi MASDAR to promote the technological development, construction, operation and maintenance of large solar power plants, owner of the innovative plants Gemasolar–a … Read the full press release

Investor AB: Patricia Industries to acquire Sarnova Holdings, Inc.

STOCKHOLM, 13-Mar-2018 — /EuropaWire/ — Patricia Industries, a part of Investor AB, has signed an agreement with Water Street Healthcare Partners and Sarnova founder Matthew D. Walter to acquire Sarnova Holdings, Inc., the leading U.S. specialty distributor of healthcare products in … Read the full press release

Eni to acquire 5% stake in the Lower Zakum offshore oil field and 10% stake in the oil, condensate and gas offshore fields of Umm Shaif and Nasr, UAE

Abu Dhabi (UAE), 12-Mar-2018 — /EuropaWire/ — Eni signed today in Abu Dhabi two Concession Agreements for the acquisition of a 5% stake in the Lower Zakum offshore oil field and of a 10% stake in the oil, condensate and gas … Read the full press release