(IN BRIEF) SEB, a leading Nordic bank, has been rated as the best foreign exchange (FX) bank in the region according to Prospera’s survey, Foreign Exchange Nordics 2023. SEB’s top ranking reflects its dedication, proactivity, and strong customer focus. Despite … Read the full press release
(IN BRIEF) Alfa Laval, along with eight other industrial companies, is partnering to develop high-capacity hydrogen refuelling stations for heavy-duty vehicles as part of the EU’s HORIZON Europe funding program. The project aims to support the transition of the transportation … Read the full press release
Posted in Automotive, Business, Energy, Gas & Oil, Industrial, Management, News, Sweden
Tagged Alfa Laval, heavy duty vehicles, Hydrogen Refuelling Stations
(IN BRIEF) Saab, a leading defense and security company, has received a SEK 400 million order from the Australian Department of Defence for additional Carl-Gustaf M4 weapons. The order includes deliveries of the weapons equipped with Saab’s new Fire Control … Read the full press release
Posted in Business, Defence, Management, News, Sweden
Tagged Australia, Carl-Gustaf M4 Weapons, FCD 558, Görgen Johansson, Saab
(IN BRIEF) Skanska, as part of the Skanska Costain STRABAG joint venture, has been awarded an additional GBP 103M, approximately SEK 1.3 billion, for their work on phase one of the UK’s new high-speed railway, HS2. The award is in … Read the full press release
Posted in Business, Construction, Financial, Infrastructure & Utilities, Investment, Management, News, Sweden
Tagged contract, investment, Skanska
(IN BRIEF) Ericsson and Swisscom have successfully deployed the fiber-extended reach feature of the Radio Dot System, enabling high-capacity indoor 5G coverage within a 10 km radius from a centralized location. By using fiber and hybrid fiber cables, Swisscom can … Read the full press release
Posted in Business, Management, News, Sweden, Technology
Tagged 5G, Ericsson, fiber technology, indoor, Mark Düsener, Nils Andersson, Swisscom
(IN BRIEF) Skanska has been awarded a contract worth NOK 800M (SEK 800M) by Vestland County to build the new Ytre Steinsund bridge in Solund municipality, Norway. The bridge will be 811 meters long, situated 50 meters above sea level, … Read the full press release
(IN BRIEF) Vattenfall, an energy company in Sweden, is converting its power line corridors into biodiversity hotspots, spanning 250 kilometers. These corridors have become crucial habitats for endangered species and are comparable to traditional, species-rich grasslands. Through extensive analysis and … Read the full press release
(IN BRIEF) The community of Forsmark, Sweden, is experiencing economic prosperity and low unemployment, thanks in part to the local nuclear power plant. Residents have shown long-standing support for the plant, which has contributed significantly to the local economy and … Read the full press release
(IN BRIEF) A recent survey conducted in Northumberland, England, revealed that residents living in close proximity to wind farms hold a positive view of wind power. Contrary to popular belief, three-quarters of those surveyed expressed support for onshore wind farms … Read the full press release
(IN BRIEF) Ericsson and Proptivity have successfully launched the world’s first neutral host-led shared indoor 5G network using the Radio Dot System. The deployment took place in a central Stockholm property housing a shopping mall and offices. This innovative solution … Read the full press release
Posted in Business, Industrial, Infrastructure & Utilities, Internet & Online, Sweden, Technology, Telecom
Tagged 5G, 5G connectivity, 5G radio access network, Ayad Al Saffar, Christopher Johansson, DAS, David Hammarwall, distributed antenna systems, Ericsson, Haval van Drumpt, Mikael Lundman, Proptivity, Radio Dot System
(IN BRIEF) Bosch Engineering and X Shore have announced a collaboration to enhance the electric drive system of the X Shore 1 boat. The partnership aims to improve performance and efficiency, bringing together Bosch’s advanced technology and automotive expertise with … Read the full press release
(IN BRIEF) Vattenfall proudly announces the completion of turbine installation at the Hollandse Kust Zuid offshore wind farm. After nearly two years of construction, the final turbine has been installed, bringing the total count to 139 out of the originally … Read the full press release
(IN BRIEF) Saab’s Arexis sensor suite has been selected as the preferred solution for the German Eurofighter Electronic Warfare (EW) variant by Germany’s defence procurement office (BAAINBw). This follows Germany’s plan to equip 15 Eurofighters for EW missions. Saab’s Arexis … Read the full press release
Posted in Business, Defence, Germany, Industrial, Sweden, Technology
Tagged Anders Sjöberg, Arexis, artificial intelligence, BAAINBw, electronic warfare, German Eurofighter, Helsing, Saab, sensor
(IN BRIEF) Vattenfall has inaugurated the South Kyle Onshore Wind Farm in southwest Scotland, its largest onshore wind farm in the UK. Once fully operational, the wind farm will have a capacity of 240MW, equivalent to powering 187,000 homes annually. … Read the full press release
(IN BRIEF) SEB has maintained its position as the top Foreign Exchange (FX) bank in Prospera’s customer survey, reaffirming its status as the preferred FX-counterpart among Swedish corporates and institutions. The survey, based on interviews with 93 major players, evaluated … Read the full press release
Posted in Awards, Banks, Financial, Investment, Sweden, Technology
Tagged Anna Andrén, best FX bank, Foreign Exchange Sweden 2023, FX Sweden 2023 survey, Marcus Hallberg, Prospera, SEB
(IN BRIEF) EQT, along with its co-shareholders, has agreed to sell BBS Automation to Dürr Group. BBS Automation, based in Munich, specializes in automating production processes and reducing energy consumption and waste. It offers customized assembly and testing solutions for … Read the full press release
Posted in Business, Germany, Industrial, Investment, Management, Sweden, Technology
Tagged Andreas Aschenbrenner, ANT Solutions, automation, BBS, BBS Automation, Dürr Group, EQT, EQT Mid Market Asia III funds, EQT Mid Market Europe, Josef Wildgruber, Kahle Automation, life sciences, medtech, ReaLead, Robert Latz, TEAM
(IN BRIEF) ABB Robotics and Junglekeepers have partnered in a pilot project to automate reforestation efforts in the Amazon using Cloud technology. ABB’s cobot YuMi has been deployed to automate seed planting tasks, allowing volunteers to focus on other impactful … Read the full press release
Posted in Agriculture, Electronics & Machinery, Environment, Industrial, Sweden, Switzerland, Technology
Tagged ABB, ABB Robotics, ABB RobotStudio Cloud, Amazon rainforest, Amazon reforestation project, autonomous cobot, Cloud, cobot YuMi, Dennis del Castillo Torres, jungle laboratory, Junglekeepers, Moshin Kazmi, planting mature saplings, reforestation, reverse deforestation, robot, Sami Atiya, Sweden, Västerås, world’s most remote robot, YuMi
(IN BRIEF) Elisa, in partnership with Ericsson, has become the first service provider in Europe to deploy the In-Service Software Upgrade (ISSU) capability on a live 5G Standalone (SA) network. This milestone allows Elisa to upgrade its core network software … Read the full press release
Posted in Business, Industrial, Infrastructure & Utilities, Internet & Online, Sweden, Technology, Telecom
Tagged 5G Core, 5G networks, 5G SA, 5G standalone, cloud-native dual-mode 5G Core, Daniel Ode, dual-mode 5G Core, ELISA, Elisa Finland, Ericsson, In-Service Software Upgrade, ISSU, Markus Kinnunen, service provider
(IN BRIEF) The European Judicial Network (EJN) is celebrating its 25th anniversary. The EJN assists judges and prosecutors worldwide with day-to-day cooperation on criminal justice matters through a network of National Contact Points. The network has experienced a rise in … Read the full press release
Posted in European Union, Government, Law, Netherlands, Sweden
Tagged criminal justice, EAWs), EIOs, EJN, EJN plenary meeting, Eurojust, European Arrest Warrants, European Investigation Orders, FC, Freezing Certificates, Judicial cooperation, MLAs, Mr Hugh Dockry, Mr Per Hedvall, Mutual Legal Assistance, The European Judicial Network, The Judicial Atlas
(IN BRIEF) Nora Wahby has been appointed as the Head of Customer Unit Northern and Central Europe for Ericsson, effective September 1, 2023. She will lead the business with over 100 customers across 16 countries in the Nordics, Baltics, and … Read the full press release
Posted in Business, Management, Sweden, Technology, Telecom
Tagged 4IG Group, appointment, Cellnex Telecom, Daniel Ode, ELISA, Ericsson, Faroese Telecom, GCU Telia Company, Magyar Telekom, Nora Wahby, play, PPF, TDC Net, Telenor, Telia Company, vodafone
(IN BRIEF) SCA, a prominent paper manufacturer, has successfully implemented Voith’s digital and automation solutions to optimize production efficiency on its XcelLine PM 2 paper machine. The high-performance machine, commissioned by Voith at SCA’s Obbola site, produces 725,000 tons of … Read the full press release
Posted in Business, Germany, Industrial, Sweden, Technology
Tagged automation, digitalization, Gustaf Nygren, Niclas Ahnmark, Obbola, paper machine, SCA, Stephan Sicking, Voith, XcelLine PM 2
(IN BRIEF) Construction company Skanska has been awarded a contract worth NOK 4.6 billion by the Norwegian Road Authority (NPRA) to build the new E18 highway between Fornebukrysset and Strand near Oslo, Norway. The project includes the construction of a … Read the full press release
Posted in Construction, Industrial, Norway, Sweden, Transportation & Logistics
Tagged BREEAM Infrastructure, E18 highway, Fornebu, Fornebukrysset, Gjønnes Tunnel, Høvik Tunnel, Norway, Norwegian Road Authority, NPRA, Oslo, Skanska, Strand
(IN BRIEF) Steel manufacturer SSAB and energy company Fortum are collaborating on a FEED (Front-End Engineering Design) study to investigate the potential for producing hydrogen-reduced sponge iron on an industrial scale in Raahe, Finland. This initiative is an extension of … Read the full press release
(IN BRIEF) SSAB, a leading steel producer, has made an investment decision for the green transformation of its Oxelösund mill in Sweden. This decision marks a significant step towards SSAB’s goal of producing steel without carbon emissions. The investment will … Read the full press release
(IN BRIEF) Volvo Penta and FTMH have expanded their partnership to include the development of electric forklifts. FTMH, an Italian heavy equipment manufacturer, will work closely with Volvo Penta to electrify various forklift models. The collaboration demonstrates the success of … Read the full press release
Posted in Business, Electronics & Machinery, Industrial, Italy, Sweden, Technology, Transportation & Logistics
Tagged D11 diesel engines, e-forklifts, electric forklifts, electromobility, Eugenio Ponzini, Fantuzzi Team Material Handling, forklift, FTF 26-12 EL, FTMH, heavy equipment, Ilenia Procicchiani, reach stackers, Volvo Group, Volvo Penta, Volvo Penta D8, Zeyd Okutan
(IN BRIEF) Scania, the leading provider of sustainable mobility solutions, is reshaping its bus and coach business to adapt to a changing market environment. The company will focus on offering complete buses and coaches, leveraging its modular system, extensive service … Read the full press release
Posted in Business, Industrial, Management, Poland, Sweden, Transportation & Logistics
Tagged bus, coach, Poland, Scania, Stefano Fedel, sustainable mobility, Słupsk
(IN BRIEF) Francesco Starace, former CEO and General Manager of Enel, one of the world’s largest energy utility companies, has been appointed as a Partner within the EQT Infrastructure Advisory Team. EQT, a global investment organization, is excited to welcome … Read the full press release
(IN BRIEF) Ericsson and MediaTek have achieved a new 5G upload speed record of 440 Mbps using Uplink Carrier Aggregation in low-band and mid-band spectrum. The test, conducted in an Ericsson lab, utilized MediaTek’s Dimensity 9200 5G smartphone chipset. The … Read the full press release
(IN BRIEF) Triton, in partnership with the Triton Smaller Mid-Cap Fund I, has successfully sold Norres Baggerman Group, a leading manufacturer of industrial plastic hoses in Europe, to Nalka DACH Investments SA SICAF-RAIF. The terms of the transaction have not … Read the full press release
(IN BRIEF) SEB Greentech Venture Capital has acquired a stake in Esforin, a German company specializing in algorithm-based energy trading solutions. Esforin’s innovative approach optimizes supply and demand in the energy market by allowing customers to inject energy back into … Read the full press release
Posted in Banks, Energy, Gas & Oil, Financial, Germany, Industrial, Infrastructure & Utilities, Investment, Sweden, Technology
Tagged algorithm, battery storage, Christian Hövelhaus, electricity customers, energy market, Energy Services for Industry, Esforin, grid, intraday market, Markus Hökfelt, renewable energy, SEB Greentech Venture Capital, trading
(IN BRIEF) Alfa Laval, a leading provider of heat transfer and fluid handling technologies, is making significant progress in the marine industry’s fuel transition by securing a pioneering project for the installation of its methanol solutions on four container vessels … Read the full press release
Posted in Energy, Gas & Oil, Environment, Industrial, Sweden, Technology, Transportation & Logistics
Tagged Alfa Laval, decarbonization, FCM Methanol-the low-flashpoint fuel supply system, four-stroke Wärtsilä methanol engines, fuel transition, LFSS, maritime, methanol, vessels, Viktor Friberg, WinGD methanol engine
(IN BRIEF) Vattenfall and Coca-Cola in Sweden have announced a collaboration to invest in electric heavy goods vehicles (HGVs). The initial phase of the project will involve installing three charging stations at Coca-Cola Europacific Partners’ plant in Jordbro, near Stockholm. … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Industrial, Infrastructure & Utilities, Sweden, Technology, Transportation & Logistics
Tagged charging stations, charging stations for trucks, climate targets, Coca-Cola, Coca-Cola Europacific Partners, Environmental Product Declaration, EPD, Good Environmental Choice, Ingela Hålling, Jordbro, Lillgrund wind farm, Lisa Wahlström, powering electric transport, Stockholm, Vattenfall
(IN BRIEF) Volvo Group has entered a long-term agreement with Vattenfall, Sweden’s largest renewable electricity producer, to purchase 50% of the renewable electricity generated at the Bruzaholm wind park over a 10-year period. The partnership is part of Volvo Group’s … Read the full press release
(IN BRIEF) Alfa Laval Business Unit Brazed & Fusion Bonded Heat Exchangers has announced an expansion of its production of brazed plate heat exchangers to meet the increasing demand driven by the global energy transition. The capacity expansion includes investments … Read the full press release
(IN BRIEF) Volvo Group is hosting its annual Mobility Transformation Forum in Brussels, emphasizing the need for dialogue between policymakers and the industry on the future of mobility. The event will showcase Volvo Group’s investments in fossil-free propulsion technologies and … Read the full press release
Posted in Automotive, Belgium, Energy, Gas & Oil, Environment, Industrial, Infrastructure & Utilities, Sweden, Technology, Transportation & Logistics
Tagged AI technologies, Anna Borg, battery electric, Brussels, charging capabilities, Clara de la Torre, Ebba Busch, Green mobility, hydrogen-powered, infrastructure, Lars Stenqvist, logistics, Martin Lundstedt, mobility, Mobility Transformation Forum, Oscar de Bok, Pascal Canfin MEP, Timo Kiiha, Volvo Group
(IN BRIEF) Infrastructure company Fluxys Belgium has partnered with Sweco to prepare its pipeline network for the transportation of hydrogen and CO2. Sweco has been assigned to conduct a feasibility study and preliminary research for multiple hydrogen routes in Ghent … Read the full press release
Posted in Belgium, Energy, Gas & Oil, Government, Industrial, Infrastructure & Utilities, Sweden
Tagged Antwerp, Belgium, CO2, CO2 transportation pipelines, energy transition, Energy Transition Fund, Erwin Malcorps, feasibility study, Fluxys Belgium, Ghent, hydrogen, hydrogen routes, hydrogen transportation pipelines, infrastructure, Sweco
(IN BRIEF) Volvo Trucks has established itself as the leader in the heavy electric truck market in both Europe and North America during the first quarter of 2023. With nearly 5,000 electric trucks sold across approximately 40 countries, Volvo Trucks … Read the full press release
(IN BRIEF) Stephen Roy has been appointed as the new President of Mack Trucks and a new member of Volvo Group’s Executive Board. He will replace Martin Weissburg, who is retiring from the company. Roy has been associated with Volvo … Read the full press release
(IN BRIEF) AFRY, a Swedish engineering and consulting company, has signed a contract with Valmet Automotive, a car manufacturer, to improve and develop the manufacturing process and production line at its car plant in Finland. The project includes modifying part … Read the full press release
Posted in Automotive, Business, Infrastructure & Utilities, Management, News, Sweden
Tagged AFRY, car plant, Finland, Michael Mjörnestål, Valmet Automotive
(IN BRIEF) Swedish food ingredients company AAK Group has reported a 43% rise in Q1 operating profit compared to the same period last year, driven by solid performance in its food ingredients and chocolate and confectionery fats business areas. Despite … Read the full press release
Posted in Business, Financial, Food & Beverage, Industrial, Management, News, Sweden
Tagged AAK Group, Financial, Johan Westman, plant base oil
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