Category Archives: Sweden

Press Releases & News from Sweden distributed via EuropaWire

European Investment Fund and Fintech Firm Invoier Join Forces to Empower SMEs in Sweden

(IN BRIEF) The European Investment Fund (EIF) and Swedish fintech firm Invoier have entered into a significant €58 million guarantee agreement to enhance funding accessibility for small and medium-sized enterprises (SMEs) and other businesses through loans and invoice trading. Supported … Read the full press release

Leadership Transition at Vattenfall: Martijn Hagens to Head Business Area Markets

(IN BRIEF) Martijn Hagens has been appointed as the new Senior Vice President and Head of Business Area Markets at Vattenfall, a major European energy company. He will succeed Anna-Karin Stenberg, who is leaving the company later this year. Martijn … Read the full press release

Scania Introduces High-Range Battery-Electric Bus Platform with Over 500 km Range

(IN BRIEF) Scania has unveiled its new battery-electric bus platform at Busworld, featuring low-entry 4×2 buses equipped with sustainably sourced and built batteries with an impressive energy storage capacity of up to 520 kWh. Developed specifically for heavy commercial vehicles, … Read the full press release

AFRY Collaborates with Malta to Drive Offshore Renewable Energy Expansion

(IN BRIEF) AFRY is actively supporting Malta’s ambitious plans to expand its offshore renewable energy capacity. The company is engaged in technical and commercial tasks for Interconnect Malta (ICM), a state-owned entity responsible for energy infrastructure projects. AFRY’s efforts aim … Read the full press release

AFRY Partners with Alliance to Advance Tampere Tramway Project’s Third Phase

(IN BRIEF) Finnish Tampere Tramway Ltd., along with the City of Tampere and the Municipality of Pirkkala, has enlisted AFRY as a key participant in an alliance dedicated to progressing the third phase of the Tampere tram network expansion. AFRY, … Read the full press release

AFRY Ranks Second in 2023 Employer Branding Survey for Young Engineers in Sweden

(IN BRIEF) In the 2023 Employer Branding survey by Universum, AFRY has secured the second position as one of the most attractive employers for young engineers in Sweden, particularly among BSc engineers in the “young professionals” category. AFRY’s eighth-place ranking … Read the full press release

Chairman Staffan Bohman Will Not Seek Re-Election at AB Electrolux, Successor Search Underway

(IN BRIEF) Staffan Bohman, who has served as Chairman of the Board of AB Electrolux since 2018, has announced that he will not stand for re-election at the company’s Annual General Meeting in 2024. In addition to his role as … Read the full press release

Volvo Trucks Pioneers Nationwide Fast Charging Network for Heavy Electric Trucks in Sweden

(IN BRIEF) In a significant stride towards sustainable heavy transportation, Volvo Trucks is leading the way with the launch of a nationwide fast-charging network for electric trucks in Sweden, fueled by renewable energy. This pioneering initiative, set to open approximately … Read the full press release

Virgin Media O2 and Ericsson Partner to Bring 5G Augmented Reality Gaming to Support BBC Children in Need

(IN BRIEF) Virgin Media O2 and Ericsson have teamed up to introduce 5G-powered augmented reality (AR) gaming experiences in various UK towns and cities to support the BBC Children in Need charity. As part of this initiative, the “HADO Tournament … Read the full press release

Ericsson’s Transport and 5G Core Network Products Achieve Top Security Ratings in NESAS and SCAS Audits

(IN BRIEF) Ericsson has announced the successful results of the latest Network Equipment Security Assurance Scheme (NESAS) and Security Assurance Scheme (SCAS) evaluations for its Transport and 5G Core network products. The assessments included components like the MINI-LINK 6000, Router … Read the full press release

Skanska Secures $85 Million Contract for Ambulatory Care Cancer Center in New Jersey

(IN BRIEF) Skanska has entered into an additional contract with RWJBarnabas Health to construct a new ambulatory care cancer center in Livingston, New Jersey, USA. The contract, valued at USD 85 million (approximately SEK 900 million), will be part of … Read the full press release

Metsä Fibre’s Kemi Bioproduct Mill Begins Operations with AFRY’s Comprehensive Support

(IN BRIEF) Finland’s largest investment in the forest industry, Metsä Fibre’s new Kemi bioproduct mill, successfully commenced operations on September 20, 2023. AFRY, a key contributor to the project, provided extensive services throughout its various phases, from initial studies and … Read the full press release

AFRY Capital Advises Orora on Proposed Acquisition of Saverglass, Strengthening Sustainable Packaging Leadership

(IN BRIEF) AFRY Capital is serving as joint financial advisor to Orora Limited, a prominent Australian manufacturer and distributor of sustainable packaging, in its planned acquisition of Saverglass, a leading global producer and distributor of premium glass bottles headquartered in … Read the full press release

Oddlygood Acquires Planti, Expanding its Plant-Based Market Leadership in Sweden and Finland

(IN BRIEF) Finnish plant-based product producer, Oddlygood, has acquired the Nordic brand Planti® in a strategic move to strengthen its position in the plant-based dairy alternative market. The acquisition makes Oddlygood the market leader in plant-based dairy alternative spoonable snacks … Read the full press release

SEB Names Kristian Skovmand as New Country Manager for Danish Operations

(IN BRIEF) Kristian Skovmand, currently the head of SEB’s Investment Banking division, has been named the new Country Manager in Denmark. This appointment comes as Mark Luscombe, the previous Country Manager in Denmark, has chosen to explore new career opportunities … Read the full press release

Dutch King Inaugurates Vattenfall’s 1.5 GW Offshore Wind Farm, Among World’s Largest

(IN BRIEF) Dutch King Willem-Alexander, alongside board members of Vattenfall, BASF, and Allianz, has officially inaugurated the Hollandse Kust Zuid 1-4 offshore wind farm in the North Sea. Located 18-36 kilometers off the Dutch coast, the wind farm features 139 … Read the full press release

European Leaders Call for Accelerated Clean Energy Transition at High-Level Conference

(IN BRIEF) The heads of the European Investment Bank (EIB), the European Central Bank (ECB), and the International Energy Agency (IEA) have convened in Paris to urge European government leaders, financial institutions, and industries to commit to a swift, equitable, … Read the full press release

Vestas Secures Order for 25 Wind Turbines in Sweden’s Horshaga Wind Park

(IN BRIEF) Vestas, a leading wind turbine manufacturer, has received a substantial order from SR Energy AB for the Horshaga wind park in southern Sweden’s Uppvidinge municipality. The order encompasses 20 V162-6.2 MW and five V150-4.5 MW wind turbines, along … Read the full press release

Skanska to Construct Innovative Wooden-Framed Hospital Building in Karlstad, Sweden

(IN BRIEF) Skanska has entered into an agreement with Region Värmland to construct a groundbreaking new reception building at the Central Hospital, CSK, located in Karlstad, Sweden. Valued at approximately SEK 740 million, this contract will be recorded as part … Read the full press release

Sweco’s Strategic Move: Acquiring Medins to Lead in Aquatic Consulting

(IN BRIEF) Sweco, a prominent engineering and environmental consulting firm, has signed an agreement to acquire Medins Havs och Vattenkonsulter AB, a specialized company known for its expertise in watercourse, lake, and sea surveys. As the demand for aquatic environment … Read the full press release

EQT to Sell LimaCorporate to Enovis Corporation, Creating Global Orthopaedic Industry Leader

(IN BRIEF) EQT, in collaboration with its co-shareholders, has agreed to sell LimaCorporate, a global orthopaedic implant manufacturer, to Enovis Corporation, a NYSE-listed company. LimaCorporate, known for its innovative orthopaedic solutions and additive manufacturing expertise, specializes in shoulder, knee, and … Read the full press release

SSAB Europe’s Raahe Unit Begins Change Negotiations to Cut Costs Amid Weak Demand

(IN BRIEF) SSAB Europe’s Business Unit Finland is entering into change negotiations in Raahe due to ongoing weak demand. The company aims to structurally reduce fixed costs by at least EUR 10 million annually. These negotiations, involving approximately 2,400 employees, … Read the full press release

Ericsson Partners with IIT Madras for Responsible AI Research in 6G Networks

(IN BRIEF) Ericsson has entered a five-year partnership with the Centre for Responsible AI (CeRAI) at the Indian Institute of Technology Madras (IIT Madras) as a ‘Platinum Consortium Member’ to advance research in Responsible AI. During a symposium on Responsible … Read the full press release

Ericsson Showcases Advanced 5G Innovations to Accelerate Malaysia’s Digitalization

(IN BRIEF) Ericsson has launched its global Imagine Live event in Malaysia, featuring advanced 5G use cases and technology innovations aimed at boosting Malaysia’s digitalization efforts. The event, inaugurated by Malaysia’s Minister of Communications and Digital, showcased Ericsson’s energy-efficient radio … Read the full press release

Hexagon Launches HxGN Mould & Die Suite for Enhanced Mould and Die Manufacturing Efficiency

(IN BRIEF) Hexagon’s Manufacturing Intelligence division has introduced the HxGN Mould & Die suite, comprising dedicated CAD/CAM, engineering, and automation tools to empower mould and die manufacturers. The suite targets operational excellence in designing and producing plastic injection moulds, progressive … Read the full press release

Hexagon’s Asset Lifecycle Intelligence Division Honored as Employer of Choice in Australian Business Awards 2023

(IN BRIEF) Hexagon’s Asset Lifecycle Intelligence division has received the prestigious Australian Business Award for Employer of Choice (EOC) for the fifth consecutive year. This award recognizes organizations that excel in creating workplaces that maximize workforce potential through effective employee … Read the full press release

Vattenfall Advances Seabird Tracking with AI Technology at Aberdeen Offshore Wind Farm

(IN BRIEF) Vattenfall has initiated a groundbreaking trial at the Aberdeen Bay Offshore Wind Farm, employing artificial intelligence (AI) technology to track seabird movements. Developed by Norwegian Spoor, this AI technology precisely monitors the 3D flight paths of birds near … Read the full press release

Stockholm Hosts 12th European Investment Bank Social Innovation Tournament

(IN BRIEF) Fifteen of Europe’s leading social innovators are set to compete in the 12th European Investment Bank Institute Social Innovation Tournament in Stockholm on September 28. These innovators from ten countries have developed projects with remarkable social, ethical, or … Read the full press release

Revolutionizing Manufacturing: Hexagon’s HxGN Production Machining Suite Unveiled

(IN BRIEF) Hexagon’s Manufacturing Intelligence division has launched HxGN Production Machining, a suite of software designed to revolutionize manufacturing processes for discrete parts across industries like medical and aerospace. The suite offers CAD and CAM capabilities, process simulation, G-code verification, … Read the full press release

EBRD and EU Empower Georgian Women-Led Enterprises with $20 Million Loan to TBC Bank

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD), in collaboration with the European Union (EU) and Sweden, is providing a $20 million loan to TBC Bank in Georgia. This financing is aimed at bolstering lending opportunities for micro, … Read the full press release

Ericsson and MTN Benin Collaborate to Recycle Over 123 Metric Tons of Electronic Waste

(IN BRIEF) Ericsson and MTN Benin have partnered to recycle end-of-life electronic and electrical equipment as part of Ericsson’s Product Take-Back Program. This collaboration has resulted in the collection, decommissioning, transportation, and recycling of more than 123 metric tons of … Read the full press release

Saab Extends Framework Agreement with U.S. Department of Defense for Close Combat Solutions

(IN BRIEF) Saab has announced an extension of its Indefinite Delivery, Indefinite Quantity (IDIQ) framework agreement with the U.S. Department of Defense (DoD). This extension allows the DoD to place orders for Saab’s close combat solutions worth up to an … Read the full press release

SEB Announces Date for Annual General Meeting in 2024 and Composition of Nomination Committee

(IN BRIEF) Skandinaviska Enskilda Banken AB (SEB) has scheduled its Annual General Meeting for March 19, 2024. The bank’s Nomination Committee, responsible for proposing Directors and related matters, consists of members appointed by major shareholders, including Petra Hedengran (Investor) as … Read the full press release

AB Electrolux Appoints Nomination Committee for 2024 Annual General Meeting

(IN BRIEF) AB Electrolux has announced the appointment of the Nomination Committee for its Annual General Meeting (AGM) in 2024. As per the AGM’s decision, the Nomination Committee will consist of six members. Four of these members are chosen by … Read the full press release

Vattenfall Secures Right to Develop 630 MW Nordlicht II Offshore Wind Project in German North Sea

(IN BRIEF) Vattenfall, a leading energy company, has exercised its right of entry to develop the N-6.6 offshore wind power project, also known as “Nordlicht II,” off the German North Sea coast. This decision comes as part of the tender … Read the full press release

Francesco Starace Appointed Chair of Science-Based Target Initiative’s Board of Trustees

(IN BRIEF) EQT, a purpose-driven global investment organization, extends its congratulations to Francesco Starace, a Partner in the EQT Infrastructure Advisory Team, on his appointment as the Chair of the Science Based Target Initiative’s inaugural Board of Trustees. Francesco Starace … Read the full press release

Garpenberg Mine Prepares for Autonomous Rock Transport with Boliden and Volvo Autonomous Solutions

(IN BRIEF) Boliden, a prominent mining and smelting company, has teamed up with Volvo Autonomous Solutions (V.A.S.) in a strategic partnership aimed at introducing autonomous transport solutions in Boliden’s mining operations. Their first project will be initiated at the Garpenberg … Read the full press release

Vattenfall’s Ray Wind Farm Emerges as Vital Breeding Ground for Endangered Merlin Population

(IN BRIEF) Vattenfall’s Ray Wind Farm in Northumberland, England, has become a crucial breeding ground for the endangered merlin, Britain’s smallest bird of prey. With the merlin population in the UK dwindling to only around 1,000 pairs, the wind farm … Read the full press release

AFRY Attains Highest Platinum Rating in EcoVadis Sustainability Assessment, Ranking Among Top 1% Worldwide

(IN BRIEF) AFRY has achieved the highest Platinum rating in EcoVadis’ global sustainability and social responsibility assessment, earning a total score of 79 out of 100. This places AFRY among the top 1 percent of all assessed companies in sustainability … Read the full press release

Scania Launches Smart Dash Digital Dashboard to Enhance Truck Driver Experiences

(IN BRIEF) Scania has introduced the Smart Dash, a digital dashboard for its trucks, aimed at enhancing driver experiences. The Smart Dash offers a mix of manual controls and digital displays to provide drivers with greater control over their trucks … Read the full press release