(IN BRIEF) Electrolux Group has announced its plans to divest Zanussi and other non-core brands, including production facilities in Egypt and water heater production facilities in Egypt and South Africa. The potential divestment value of these assets is estimated to … Read the full press release
Posted in Business, Electronics & Machinery, Financial, Industrial, Investment, Management, News, Sweden
Tagged divestment, Electrolux Group, Jonas Samuelson, Zanussi
(IN BRIEF) Electrolux Group’s second-quarter report reveals a decline in net sales due to weak market demand and consumer shifts to lower price points, resulting in significantly lower volumes. Operating income was impacted by a non-recurring provision related to a … Read the full press release
Posted in Business, Electronics & Machinery, Financial, Industrial, Investment, Management, Media, News, Sweden
Tagged Anna Ohlsson-Leijon, Asset Divestment, Electrolux Group, Financial, Jonas Samuelson, sales, Therese Friberg
(IN BRIEF) Ericsson and O2 Telefónica in Germany have reached a significant milestone in the development of 5G Cloud RAN technology in Europe. Through a joint Proof of Concept (PoC) deployment at O2 Telefónica’s innovation hub, Ericsson showcased its first … Read the full press release
Posted in Business, Industrial, Management, News, Sweden, Technology, Telecom
Tagged 5G Cloud RAN, Daniel Leimbach, Ericsson, Europe, Germany, INNOVATION, Mallik Rao, O2 Telefónica, partnership
(IN BRIEF) Vattenfall, a leading energy company, has acquired Solizer, a German solar developer, as part of its efforts to enable fossil-free living. The acquisition includes an experienced team and a pipeline of large-scale solar projects in Germany, totaling 4 … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Industrial, Infrastructure & Utilities, Management, News, Sweden
Tagged acquisition, Helene Biström, partnership, solar power, Solizer, sustainability, Vattenfall
(IN BRIEF) AFRY Management Consulting has been ranked among the top three consultancies for green and low-carbon hydrogen by Reuters in their report on the top 100 innovators in hydrogen for 2023. AFRY’s expertise in the hydrogen value chain, ranging … Read the full press release
Posted in Awards, Business, Energy, Gas & Oil, Environment, Industrial, Infrastructure & Utilities, Management, News, Sweden
Tagged AFRY, Awards, GREEN HYDROGEN, hydrogen, John Williams, Management Consulting, Reuters, sustainability, Top Consultancy
(IN BRIEF) Saab’s test pilot, André Brännström, won the Paul Bowen Trophy for the Best Solo Jet Demonstration at the Royal International Air Tattoo (RIAT) in England. Brännström flew the Gripen E, Saab’s latest fighter jet, at the event, showcasing … Read the full press release
(IN BRIEF) Alfa Laval, a leader in heat transfer and fluid handling technologies, and RWDC Industries, a biotechnology company specializing in biopolymer materials, have signed a joint development agreement. The collaboration aims to enhance the manufacturing processes for sustainable alternatives … Read the full press release
Posted in Business, Economy, Energy, Gas & Oil, Environment, Industrial, Management, News, Sweden
Tagged Alfa Laval, biopolymer, economy, Karin Forsberg, partnership, RWDC Industries, Ryan Adolphson, single-use plastics, sustainability
(IN BRIEF) Robert Hafredal has been appointed as the new Executive Vice President (EVP) of Global Information Services and Chief Information Officer (CIO) at Husqvarna Group, effective August 1, 2023. Having previously served as the acting EVP of Global Information … Read the full press release
(IN BRIEF) New Zealand’s telecommunications provider, Spark, has appointed Ericsson as the supplier for its 5G Core solution to power Spark’s 5G Standalone (SA) network. The appointment follows a successful three-month 5G SA trial in 2022, demonstrating the deployment capabilities … Read the full press release
Posted in Business, Industrial, Management, News, Sweden, Technology, Telecom
Tagged 5G, Emilio Romeo, Ericsson, New Zealand, partnership, Renee Mateparae, Spark
(IN BRIEF) SEB has successfully completed its latest share buyback program, repurchasing SEK 1.25 billion worth of Class A shares. Following this, the Board of Directors has decided to initiate a new buyback program of the same value. The new … Read the full press release
Posted in Banks, Financial, Industrial, Investment, Management, News, Sweden
Tagged Financial, investment, SEB, Share Buyback Program
(IN BRIEF) EQT AB has announced its plan to repurchase a maximum of 1,800,000 of its own ordinary shares, amounting to a total maximum value of SEK 500,000,000. The decision was made in accordance with the authorization granted by the … Read the full press release
(IN BRIEF) Hexagon, the global leader in digital reality solutions, will be releasing its Interim Report for the second quarter of 2023 on July 26. The report will be made available at approximately 08:00 CET. Hexagon’s President and CEO, Paolo … Read the full press release
Posted in Business, Industrial, Management, Media, News, Sweden, Technology
Tagged Hexagon, Paolo Guglielmini, REPORT, Second Quarter 2023
(IN BRIEF) Ericsson and MTN have joined forces to deliver affordable and reliable mobile broadband services to remote rural areas in Benin that lack adequate connectivity. As part of the agreement, Ericsson will support MTN Benin’s rural coverage expansion across … Read the full press release
Posted in Business, Industrial, Internet & Online, Management, News, Sweden, Technology, Telecom
Tagged connectivity, Ericsson, Hossam Kandeel, mobile broadband, MTN, partnetship, Rural Benin, Uche OFODILE
(IN BRIEF) Hexagon, through its Mining division, has acquired HARD-LINE, a Canadian company specializing in mine automation and remote-control technology. HARD-LINE’s expertise lies in providing remote control solutions and network infrastructure for tele-remote operation of heavy machinery in mines. The … Read the full press release
Posted in Business, Industrial, Metals and Minerals, Sweden, Technology
Tagged automation, HARD-LINE, Hexagon, HxGN Autonomous Mining, HxGN MineProtect, HxGN Underground Mining, mine automation, mine production optimization, mine safety, mining, Nick Hare, remote-control technology, tele-remote technology, Walter Siggelkow
(IN BRIEF) Hexagon, a global leader in digital reality solutions, has acquired HARD-LINE, a fast-growing company specializing in mine automation and remote-control technology. HARD-LINE’s expertise lies in remote control solutions that enable the tele-remote operation of heavy machinery from secure … Read the full press release
Posted in Industrial, Metals and Minerals, Sweden, Technology
Tagged acquisition, autonomous technologies, combining sensor, digital reality solutions, HARD-LINE, heavy machinery, Hexagon AB, HxGN Autonomous Mining, HxGN MineProtect, HxGN Underground Mining, mine automation, mine production optimisation, mining automation, Paolo Guglielmini, remote-control technology, software
(IN BRIEF) The Fédération Internationale de l’Automobile (FIA), in collaboration with AFRY, has introduced the FIA Road Safety Index, a tool to measure and improve organizations’ and companies’ safety practices. At the Vision Zero Conference, TotalEnergies became the first private … Read the full press release
Posted in Awards, Business, Energy, Gas & Oil, Industrial, Infrastructure & Utilities, Management, News, Security & Safety, Sweden
Tagged AFRY, Award, Claes Tingvall, FIA, Jacob Bangsgaard, Road Safety Index, safety, TotalEnergies
(IN BRIEF) Skanska, a construction company, has announced a contract amendment with Oregon Health & Science University (OHSU) for its Hospital Expansion Project in Portland, USA. The contract amendment is valued at USD 91 million and includes various construction activities … Read the full press release
Posted in Business, Construction, Financial, Healthcare, Industrial, Infrastructure & Utilities, Management, News, Sweden
Tagged expansion, OHSU Hospital, Portland, Skanska
(IN BRIEF) Ericsson has partnered with Android to introduce a new feature in the upcoming Android 14 release that allows users to request a dedicated 5G network slice for improved performance during specific times for supported applications. Enabled by the … Read the full press release
(IN BRIEF) Skanska, a renowned construction company, has announced the signing of a contract amendment with an existing client for the construction of a data center in Arizona, USA. The contract, valued at USD 67 million, will be included in … Read the full press release
Posted in Business, Construction, Infrastructure & Utilities, Management, News, Sweden
Tagged Arizona, data center, Skanska
(IN BRIEF) Skanska, a leading construction company, has secured a contract to construct a new hospital in Lakeland, Florida, USA. The contract, valued at USD 109 million, will be included in the company’s second-quarter order bookings for 2023 in the … Read the full press release
Posted in Business, Construction, Financial, Healthcare, Infrastructure & Utilities, Investment, Management, News, Sweden
Tagged Florida, Healthcare, Hospital, Lakeland, Skanska
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