(IN BRIEF) Alfa Laval has unveiled the “Free Rotating Retractor,” a highly efficient retractable cleaning device designed to address the challenges of cleaning confined spaces with hard-to-reach shadow areas in hygienic processing lines such as milk or infant powder plants. … Read the full press release
(IN BRIEF) Alfa Laval is part of a 16-member consortium called SCO2OP-TES, which aims to develop advanced Power-to-Heat energy storage technology. This initiative, aligned with the European Union’s renewable energy goals, seeks to provide cost-effective and grid-stable thermal energy storage … Read the full press release
Posted in Energy, Gas & Oil, Environment, European Union, Infrastructure & Utilities, Sweden, Technology
Tagged Alasdair Maciver, Alfa Laval, CINEA, energy transition, European Union, grid stability, Horizon Europe, industrial heat supply, Power-to-heat energy storage, renewable energy, renewable energy sources, REPowerEU Plan, SCO2OP-TES, sustainable energy, TES, Thermal Energy Storage
(IN BRIEF) The Volvo Group has entered into an option agreement with John Cockerill Defense, allowing Volvo to potentially sell Arquus, a company specializing in defense vehicle manufacturing. The agreement requires consultations with employee representative bodies, expected to conclude in … Read the full press release
Posted in Automotive, Business, Financial, Industrial, Investment, Management, News, Sweden, Technology, Transportation & Logistics
Tagged acquisition, Arquus, John Cockerill Defense, partnership, Volvo Group
(IN BRIEF) Thuraya, the mobile satellite services operator based in the United Arab Emirates, has completed a successful migration and upgrade of its monetization systems with Ericsson. The upgrade involved deploying the latest Ericsson Billing and Ericsson Charging solutions, resulting … Read the full press release
Posted in Business, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Sweden, Technology, Telecom
Tagged billing, charging systems, Ericsson, Ericsson Billing, Ericsson Charging, Khalid Al Kaf, Monetization, Nicolas Blixell, partnership, sustainability, Thuraya, UAE, Yahsat
(IN BRIEF) Vattenfall’s CEO, Anna Borg, and Chairman of the Board, Mats Granryd, will participate in the World Economic Forum’s 54th Annual Meeting in Davos-Klosters, Switzerland, from January 15 to 19. The event’s theme, “Rebuilding Trust,” focuses on four interconnected … Read the full press release
(IN BRIEF) Ericsson, T-Mobile, and Qualcomm Technologies have achieved unprecedented download speeds exceeding 3.6Gbps using a six-component carrier aggregation (6CC) on a live production 5G network, setting a groundbreaking milestone. This test harnessed the power of 5G carrier aggregation, combining … Read the full press release
Posted in Business, Environment, Financial, Industrial, Infrastructure & Utilities, Investment, Management, News, Sweden, Technology, Telecom
Tagged 5G network, 5G Speeds, Carrier Aggregation, download speeds, Durga Malladi, Ericsson, Fredrik Jejdling, partnership, Qualcomm, sustainability, T-Mobile, Ulf Ewaldsson
(IN BRIEF) Ericsson and MTN Group have deepened their collaboration to advance mobile financial services and promote financial inclusion across Africa. This partnership will leverage MTN’s Mobile Money (MoMo) service on the Ericsson Wallet Platform to provide a wide range … Read the full press release
Posted in Banks, Business, Economy, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Sweden, Technology, Telecom
Tagged Africa, Ericsson, Ericsson Wallet Platform, Michael Wallis-Brown, Mobile Financial Services, Mobile Money (MoMo), MTN Group, partnership, Serigne Dioum, sustainability
(IN BRIEF) São Paulo’s inaugural ‘The Town’ music, culture, and art festival, held from September 2nd to 10th, 2023, provided an immersive experience for attendees with the help of Vivo and Ericsson’s 5G infrastructure. To serve the estimated 500,000 festivalgoers, … Read the full press release
Posted in Business, Entertainment, Environment, Financial, Industrial, Infrastructure & Utilities, Investment, Management, Media, News, Sweden, Technology, Telecom
Tagged 'The Town' Festival, 5G solutions, connectivity, Debora Bortolasi, Elmo Matos, Ericsson, Ericsson RAN, Massive MIMO radios, Network slicing, partnership, São Paulo, sustainability, Vinícius Dalben, vivo
(IN BRIEF) Ericsson, a global leader in telecommunications, has named Daniel Ode as the Head of Ericsson for Singapore, Brunei, Philippines, and Head of Global Customer Unit (GCU) Singtel Group in Market Area Southeast Asia, Oceania & India (MOAI). With … Read the full press release
Posted in Business, Government, Industrial, Infrastructure & Utilities, Management, News, Sweden, Technology, Telecom
Tagged appointment, Brunei, Daniel Ode, Ericsson, Global Customer Unit, leadership, Nunzio Mirtillo, PHILIPPINES, Singapore, Singtel Group
(IN BRIEF) Vattenfall has achieved a significant milestone by completing the Vesterhav Syd offshore wind farm, connecting it to the Danish power grid. All 20 wind turbines at the site are now operational, supplying fossil-free electricity to approximately 170,000 Danish … Read the full press release
(IN BRIEF) EQT has unveiled its EQT Healthcare Growth Strategy and revealed its initial investment in Mabtech, acquired from the IK Small Cap II Fund. The strategy aims to capitalize on long-term healthcare trends, leveraging scientific breakthroughs, technology advancements, and … Read the full press release
Posted in Business, Environment, Financial, Healthcare, Industrial, Investment, Management, News, Science, Sweden, Technology
Tagged acquisition, EQT, Geraldine O’Keeffe, Healthcare Growth Strategy, investment, Isabel de Paoli, Jan Wahlström, Maarten de Jong, Mabtech, Mark Braganza, Michael Bauer, partnership, sustainability
(IN BRIEF) EcoDataCenter, a leading sustainable data center provider, is set to make an industry-first move by deploying Alfa Laval heat exchangers made from recycled steel produced without new CO2 emissions from SSAB. This collaboration marks a significant step towards … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Financial, Industrial, Infrastructure & Utilities, Investment, Management, Metals and Minerals, News, Sweden, Technology
Tagged Alfa Laval, Anna Blomborg, Data Center Carbon Emissions, EcoDataCenter, partnership, Peter Michelson, Recycled Steel Heat Exchangers, SSAB, SSAB Zero, sustainability
(IN BRIEF) EQT Infrastructure VI is partnering with data center provider EdgeConneX to expand global data center capacity, focusing on serving hyperscale customers. This collaboration aims to meet the growing demand for data center capacity driven by digitalization, cloud adoption, … Read the full press release
(IN BRIEF) Volvo Car Corporation has secured a €420 million loan from the European Investment Bank (EIB) to support the development of an all-electric vehicle platform. This financing covers research and development, software development, and advanced manufacturing technologies for electric … Read the full press release
(IN BRIEF) Ericsson has announced the appointment of Majda Lahlou Kassi as the Vice President and Head of Ericsson West Africa and Morocco, effective from January 1, 2024. With nearly 25 years of experience at Ericsson, Majda will lead the … Read the full press release
Posted in Business, Industrial, Infrastructure & Utilities, Management, News, Sweden, Technology, Telecom
Tagged appointment, Ericsson, leadership, Majda Lahlou Kassi, MOROCCO, Vice President, West Africa
(IN BRIEF) Skanska is set to invest SEK 2 billion in Olivin, an office building that marks the initial phase of development in the Lindhagen neighborhood. This substantial investment also includes a construction contract valued at approximately SEK 1 billion, … Read the full press release
Posted in Business, Construction, Environment, Financial, Industrial, Infrastructure & Utilities, Investment, Management, News, Real Estate, Sweden
Tagged Financial, investment, Lindhagen, Olivin Office Building, partnership, Skanska, sustainability
(IN BRIEF) EQT AB (publ) (“EQT”) has reported that as of December 29, 2023, the total number of shares amounts to 1,245,929,967, with 1,244,700,306 being ordinary shares and 1,229,661 being class C shares, resulting in a total of 1,244,823,272.10 votes. … Read the full press release
Posted in Business, Financial, Industrial, Infrastructure & Utilities, Investment, Management, News, Real Estate, Sweden
Tagged EQT AB, Financial, investment
(IN BRIEF) Between December 18 and 22, 2023, Enea AB (publ) has repurchased a total of 22,505 of its own shares (ISIN: SE0009697220) as part of the share buyback program initiated with authorization from the Annual General Meeting in 2023. … Read the full press release
Posted in Business, Economy, Financial, Industrial, Investment, Management, News, Security & Safety, Sweden, Technology, Telecom
Tagged Enea AB, Financial, investment, Share Buyback Program
(IN BRIEF) Between December 18 and 22, 2023, SSAB AB (publ) has repurchased a total of 1,848,850 of its own shares, consisting of 466,854 shares of series A and 1,381,996 shares of series B. This buyback is part of a … Read the full press release
Posted in Business, Economy, Financial, Industrial, Investment, Management, Metals and Minerals, News, Sweden
Tagged acquisitions, Financial, investment, share buy-back program, SSAB AB
(IN BRIEF) Skanska has entered into a contract with the State of Tennessee for the extensive renovation of the iconic War Memorial Building in Nashville, Tennessee, USA. Valued at USD 81 million (approximately SEK 860 million), this project will be … Read the full press release
(IN BRIEF) Skanska is committing CZK 1 billion (approximately SEK 480 million) to fund the second phase of the Modransky cukrovar residential development project in Prague, Czech Republic. This phase will encompass 126 apartments and six commercial units, and it … Read the full press release
Posted in Business, Construction, Czech Republic, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Real Estate, Sweden
Tagged eco-friendly, investment, partnership, Prague, residential project, Skanska
(IN BRIEF) The European Investment Bank (EIB) has signed a €12.5 million venture debt agreement with Swedish medical company BrainCool AB, specializing in medical cooling solutions. BrainCool is pioneering body cooling technologies that have the potential to revolutionize care standards … Read the full press release
Posted in Banks, Business, Environment, Financial, Government, Healthcare, Industrial, Investment, Luxembourg, Management, News, Science, Sweden, Technology
Tagged BrainCool AB, Cooling Technologies, EIB, innovative, Martin Waleij, partnership, sustainability, Thomas Östros
(IN BRIEF) Three, the largest mobile network in Ireland, is pioneering 5G Standalone technology, making it the first Irish operator to do so. This innovative technology, powered by Ericsson, enables businesses to harness the full potential of 5G with a … Read the full press release
Posted in Business, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Ireland, Management, News, Sweden, Technology, Telecom
Tagged 5G standalone, businesses, connectivity, David Hennessy, Dr. Enda Fallon, Ericsson, Ireland, John Griffin, partnership, sustainability, Three
(IN BRIEF) Orange Spain and Ericsson are embarking on a historic partnership to introduce private 5G networks for the B2B sector in Spain. This groundbreaking collaboration aims to empower businesses to deploy their own private 5G networks, offering real-time automation, … Read the full press release
Posted in Business, Economy, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Spain, Sweden, Technology, Telecom
Tagged 5G networks, Ericsson, Luisa Muñoz, Mónica Sala, Orange Spain, partnership, Spain, sustainability
(IN BRIEF) Vattenfall has agreed to sell the Norfolk Offshore Wind Zone to RWE for £963 million, ensuring the continued development of three wind farms off the east coast of England. The Norfolk Zone, with a total capacity of 4.2 … Read the full press release
(IN BRIEF) AFRY, an international engineering and consulting company, has assisted ENGIE in the construction of two wind farms, Rampingallo and Porto Torres, located in Sicily and Sardinia, Italy. These wind farms, with a combined power output of 60 MW, … Read the full press release
(IN BRIEF) Hexagon AB, a leading provider of digital reality solutions, has announced an agreement to divest its Precision Measurement Instruments (PMI) business, known as Tesa, to Hangzhou Great Star Industrial Company Ltd. This move aligns with Hexagon’s strategic focus … Read the full press release
Posted in Business, Financial, Industrial, Investment, Management, News, Sweden, Technology
Tagged Financial, Hangzhou Great Star Industrial, Hexagon AB, investment, partnership, PMI Business, Tesa
(IN BRIEF) In an unprecedented move, nearly every country has pledged to transition away from fossil fuels, marking a pivotal moment in the global climate effort. This commitment is part of the inaugural global stocktake designed to accelerate progress toward … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Government, Industrial, Management, Media, News, Sweden
Tagged AFRY, climate change, COP28, Henrik Tegnér, Nations, sustainability, Transition Away From Fossil Fuels
(IN BRIEF) Ericsson, a global telecommunications company, has been recognized by the Human Rights Campaign Foundation for its outstanding performance in the 2023-2024 Corporate Equality Index (CEI). Ericsson achieved a perfect score of 100 percent in this annual benchmarking survey, … Read the full press release
(IN BRIEF) ABB is expanding its partnership with Volvo Cars to supply more than 1,300 robots and functional packages for the production of electric vehicles (EVs). The collaboration aims to support Volvo Cars in achieving sustainability goals as the automotive … Read the full press release
(IN BRIEF) Kanonaden Entreprenad, a subsidiary of AF Gruppen, has secured a contract, valued at around SEK 219 million, to construct and install two series compensation stations for Svenska kraftnät. In partnership with Hitachi Energy, Kanonaden will establish these stations … Read the full press release
(IN BRIEF) EQT X fund has announced its acquisition of Zeus Company Inc., a pioneer in the design and production of fluoropolymer tubing for medical devices and select industrial applications. The acquisition aims to support Zeus’ continued growth as a … Read the full press release
Posted in Business, Financial, Government, Healthcare, Industrial, Investment, Management, News, Science, Sweden, Technology
Tagged acquisition, EQT, Eric Liu, Ethan Waxman, John Groetelaars, medical device, partnership, Steve Peterson, Zeus Company
(IN BRIEF) The AFRY Qualification Centre has received accreditation from SWEDAC as an inspection body, in accordance with the international standard SS-EN ISO/IEC 17020:2012. This accreditation enables the center to issue welding procedures and provide personal certification in various welding … Read the full press release
(IN BRIEF) Skanska, as part of the Skanska Costain STRABAG joint venture, has been granted an additional GBP 71 million (approximately SEK 940 million) under their existing contract with HS2 Ltd for phase one of the high-speed railway project in … Read the full press release
(IN BRIEF) Vattenfall, the European energy company, has named Alexander van Ofwegen as its new Senior Vice President and Head of Business Areas Customers & Solutions and Heat. In his new role, which begins on January 1, 2024, Van Ofwegen … Read the full press release
Posted in Business, Energy, Gas & Oil, Industrial, Management, News, Sweden
Tagged Alexander van Ofwegen, Anna Borg, appointment, leadership, Martijn Hagens, Senior Vice President, Vattenfall
(IN BRIEF) Nordic Paper, a prominent specialty paper manufacturer based in Scandinavia, has enlisted AFRY as its engineering and project management collaborator for strategic investment initiatives at its Bäckhammar mill in Sweden. With an investment of approximately MSEK 850, Nordic … Read the full press release
Posted in Business, Construction, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Sweden, Technology
Tagged AFRY, investment, Lisa Vedin, Nordic Paper, partnership, Scandinavia, sustainability, Sweden
(IN BRIEF) Elkem, a global leader in advanced materials based on silicon, is embarking on a digitalization initiative at its Bremanger plant in Norway. The company aims to improve production quality, safety, and efficiency by centralizing control rooms and production … Read the full press release
(IN BRIEF) The Nordic Investment Bank (NIB) and Ericsson, the Swedish telecommunications giant, have signed a seven-year loan agreement worth USD 106.86 million (EUR 100 million) to support Ericsson’s research and development (R&D) efforts in enhancing wireless technology. These investments, … Read the full press release
Posted in Banks, Financial, Industrial, Infrastructure & Utilities, Sweden, Technology, Telecom
Tagged André Küüsvek, Carl Mellander, Ericsson, NIB, wireless technology
(IN BRIEF) Boliden, a pioneering mining and metals company, has achieved validation and approval for its climate targets from the Science Based Targets initiative (SBTi), making it one of the first companies in the industry to do so. Boliden’s ambitious … Read the full press release
Posted in Awards, Business, Environment, Management, Metals and Minerals, News, Sweden
Tagged Åsa Jackson, Awards, Boliden, climate targets, Science Based Targets Initiative (SBTi), sustainability
(IN BRIEF) Alfa Laval, a leading provider of separation and fluid handling solutions, is teaming up with Swiss engine designer WinGD to advance the development of ammonia as a future fuel for marine vessels. As part of their ongoing ammonia … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Investment, Management, News, Sweden, Switzerland, Technology, Transportation & Logistics
Tagged Alfa Laval, Ammonia-Fueled Engine, carbon-free, partnership, Sebastian Hensel, shipping, sustainability, Viktor Friberg, WinGD
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