(IN BRIEF) ASSA ABLOY has completed the sale of its elevator maintenance business, PACA ascenseur (“PACA”), located in Southern France, to KONE. The sale is part of ASSA ABLOY’s strategic focus on its core business portfolio. PACA, with approximately 210 … Read the full press release
(IN BRIEF) Ericsson and the Indian Institute of Technology Kharagpur (IIT Kharagpur) have entered a long-term collaboration focusing on joint research in the fields of AI, Compute, and Radio, with a particular emphasis on 6G technology development. Through this partnership, … Read the full press release
Posted in Business, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Sweden, Technology, Telecom
Tagged 6G Research, Ericsson, IIT Kharagpur, INDIA, Magnus Frodigh, Nitin Bansal, partnership, Virendra Kumar Tewari
(IN BRIEF) On February 1, 2024, Skanska organized the CEO Alliance meeting at the European Spallation Source (ESS) in Lund, Sweden, where CEOs of member companies from various industries convened to discuss collaborative strategies for sustainable business development and innovation. … Read the full press release
Posted in Business, Construction, Environment, Financial, Government, Industrial, Investment, Management, Media, News, Sweden
Tagged AAB, Anders Danielsson, CEO Alliance Meeting, climate transition, E.ON, Enel, Ericsson, Europe, Iberdrola, Scania, Schneider Electric, Skanska, sustainability, Volkswagen
(IN BRIEF) Swedish energy company Vattenfall has awarded Nuvia, a subsidiary of VINCI Construction, a significant contract to undertake the dismantling of units 1 and 2 at the Ringhals nuclear power plant in Sweden. This comprehensive project, scheduled to run … Read the full press release
(IN BRIEF) Ericsson has obtained authorization as a CVE Numbering Authority (CNA), allowing the company to identify and document publicly disclosed software system vulnerabilities. This designation enables Ericsson to contribute to global cybersecurity efforts and strengthen digital resilience. As a … Read the full press release
(IN BRIEF) Sweden and France have signed a strategic partnership agreement aimed at bolstering their defense collaboration, focusing on anti-tank and air defense capabilities. As part of this initiative, Saab and MBDA, the CEOs of which are Micael Johansson and … Read the full press release
Posted in Business, Defence, Financial, France, Government, Industrial, Investment, Management, News, Security & Safety, Sweden
Tagged Defense, Emmanuel Macron, Eric Béranger, France, MBDA, Micael Johansson, partnership, Saab, Sweden
(IN BRIEF) Airbus, Avinor, SAS, Swedavia, and Vattenfall have signed a Memorandum of Understanding to investigate the feasibility of establishing a hydrogen infrastructure at airports in Sweden and Norway. The collaboration aims to understand hydrogen aircraft concepts, operations, supply, infrastructure, … Read the full press release
Posted in Aviation & Aerospace, Business, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Norway, Sweden
Tagged Airbus, Anna Borg, Avinor, Guillaume Faury, Hydrogen-Powered Airports, Nordic Aviation, Norway, partnership, SAS, sustainability, Swedavia, Sweden, Vattenfall
(IN BRIEF) Skanska AB has announced the conversion of 15,960 Class A shares to Class B shares in accordance with its articles of association. This conversion, mandated by the Swedish Financial Instruments Trading Act, reduces the company’s total voting rights, … Read the full press release
Posted in Business, Construction, Financial, Industrial, Infrastructure & Utilities, Investment, Management, News, Sweden
Tagged Class A to Class B Shares, Financial, investment, Skanska AB
(IN BRIEF) Ericsson, a leading telecom company, has been authorized as a CVE Numbering Authority (CNA), allowing them to identify and document publicly disclosed software vulnerabilities and contribute to global cybersecurity improvement efforts. CNAs, like Ericsson, play a crucial role … Read the full press release
(IN BRIEF) Beijer Byggmaterial, part of STARK Group, has unveiled the first phase of construction for one of Sweden’s most modern builders’ merchants, representing a substantial investment in the growth region around Gothenburg. Located strategically in Hisings Backa, near central … Read the full press release
Posted in Business, Construction, Denmark, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Retail, Sweden, Technology, Transportation & Logistics
Tagged Beijer Byggmaterial, Gothenburg, Merchants Facility, partnership, Stark group, sustainability, Sweden
(IN BRIEF) The Swedish Transport Administration has enlisted the services of AFRY and WSP to develop a railway plan for the Skellefteå – Degerbyn section of the North Bothnia Line, a significant 270-kilometer coastal railway project connecting Umeå and Luleå. … Read the full press release
(IN BRIEF) Ericsson, the global telecommunications technology company, has appointed Chafic Nassif as its new Head of Market Area North East Asia and Senior Vice President. Currently leading Ericsson’s Customer Unit Latin America North, Nassif will succeed Chris Houghton, who … Read the full press release
(IN BRIEF) Telia and Danfoss Leanheat have teamed up to introduce an innovative heating optimization solution in Finland. By installing Telia’s Indoor Climate Monitoring sensors in apartments, gathering indoor data, and connecting it to a cloud service for analysis, the … Read the full press release
Posted in Energy, Gas & Oil, Environment, Finland, Industrial, Infrastructure & Utilities, Sweden, Technology, Telecom
Tagged Danfoss Leanheat, energy consumption, energy optimization, Finland, heating optimization, Indoor Climate Monitoring sensors, Kimmo Ahvenlampi, Lauri Hiekkanen, smart building solutions, Telia, Telia Heating Optimization
(IN BRIEF) Ericsson has inked two funding agreements with the European Investment Bank (EIB) totaling €420 million, with an initial disbursement of €250 million in December 2023. These loans will bolster Ericsson’s financial position and support its research, development, and … Read the full press release
Posted in Banks, Business, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Luxembourg, Management, News, Sweden, Technology, Telecom
Tagged 5G technology, Carl Mellander, EIB, energy efficiency, Ericsson, funding, partnership, sustainability, Thomas Östros
(IN BRIEF) The Nomination Committee of AB Electrolux has put forth a proposal for the election of Geert Follens, Daniel Nodhäll, and Michael Rauterkus as new members of the Board of Directors at the company’s Annual General Meeting on March … Read the full press release
Posted in Business, Electronics & Machinery, Industrial, Management, News, Sweden, Technology
Tagged AB Electrolux, appointment, Board Members, Daniel Nodhäll, David Porter, Fredrik Persson, Geert Follens, Henrik Henriksson, Jonas Samuelson, Karin Overbeck, leadership, Michael Rauterkus, Petra Hedengran, Staffan Bohman, Torbjörn Lööf, Ulla Litzén
(IN BRIEF) AFRY is expanding its strategic partnership with Hägglunds, a prominent Swedish defense and security company known for military vehicle and systems development. AFRY has secured a new contract valued at around SEK 300 million to provide advanced engineering … Read the full press release
Posted in Business, Defence, Industrial, Security & Safety, Sweden, Technology, Transportation & Logistics
Tagged AFRY, CV90, Defence, Gothenburg, Hägglunds, Lars Pettersson, Martin Öman, military vehicles, SECURITY, Trollhättan
(IN BRIEF) The European Investment Bank (EIB) has signed a €28 million loan agreement with Cold Lake Invest AB, a Swedish company, to support its innovative project for the sustainable land-based farming of Arctic char. This initiative aims to address … Read the full press release
Posted in Agriculture, Banks, Business, Environment, Financial, Government, Industrial, Investment, Luxembourg, Management, News, Sweden
Tagged Andreas Ericson, Arctic Char, Cold Lake, EIB, Farming Project, Liisa Raasakka, partnership, sustainability, Sweden
(IN BRIEF) AFRY, a global engineering and design firm, has secured the top spot globally in Pulp & Paper engineering and design according to the Engineering News Record (ENR). In addition to its #1 rank in Pulp & Paper, AFRY … Read the full press release
Posted in Awards, Business, Industrial, Infrastructure & Utilities, Management, News, Sweden
Tagged AFRY, Awards, ENR's Global Rankings, Jonas Gustavsson, Pulp & Paper Engineering
(IN BRIEF) In its groundbreaking report, “Location Tracking on the Battlefield: Phones Under Fire,” Enea provides a comprehensive overview of various methods employed to gain military intelligence through tracking mobile devices on the battlefield, focusing on Ukraine. The report addresses … Read the full press release
(IN BRIEF) Ericsson has appointed Lars Sandström as its Chief Financial Officer (CFO), Senior Vice President, and Head of Group Function Finance, effective from April 1, 2024. Sandström, currently the CFO of Getinge, a global leader in Medtech, brings a … Read the full press release
Posted in Business, Industrial, Infrastructure & Utilities, Management, News, Sweden, Technology, Telecom
Tagged Börje Ekholm, Carl Mellander, CFO, Ericsson, Financial Leadership, INNOVATION, Lars Sandström, leadership, ppointment
(IN BRIEF) Saab has been awarded a contract worth USD 101.7 million by Boeing to manufacture T-7A aft fuselage systems. These systems will be produced at Saab’s advanced manufacturing facility in West Lafayette, Indiana. The contract follows the successful delivery … Read the full press release
(IN BRIEF) ASSA ABLOY, a global security solutions provider, is set to acquire Amecor (Pty) Ltd, a South African manufacturer specializing in security communication equipment. The acquisition aims to strengthen ASSA ABLOY’s presence in the South African security market and … Read the full press release
(IN BRIEF) Expeditio Architects, an organization based in Montenegro, is pioneering sustainable spatial development projects, emphasizing civil society, architecture, urban planning, energy efficiency, and cultural heritage. With support from Sweden, they launched Archylab, an interactive portal aimed at educating architects … Read the full press release
Posted in Banks, Business, Construction, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Management, Montenegro, News, Sweden, Technology, United Kingdom
Tagged Archylab, Biljana Gligorić, EBRD, Expeditio Architects, Innovative Online Portal, Montenegro, partnership, sustainability, Sweden, urban development
(IN BRIEF) The European Investment Bank (EIB) and the Nordic Investment Bank (NIB) have joined forces to provide €371 million in financing for H2 Green Steel’s groundbreaking steel plant project in Boden, Sweden. Backed by the European Union’s InvestEU program, … Read the full press release
Posted in Banks, Business, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Luxembourg, Management, Metals and Minerals, News, Sweden, Technology
Tagged André Küüsvek, EIB, H2 Green Steel, Henrik Henriksson, Low-Carbon Plant, NIB, Paolo Gentiloni, partnership, sustainability, Sweden, Thomas Östros
(IN BRIEF) H2 Green Steel, a Swedish company, has secured significant financial support from the European Investment Bank (EIB) and the Nordic Investment Bank (NIB) for its pioneering green steel project in Northern Sweden. This project aims to revolutionize the … Read the full press release
Posted in Banks, Energy, Gas & Oil, European Union, Financial, Industrial, Metals and Minerals, Sweden
Tagged André Küüsvek, Boden, EIB, European Commission, European Investment Bank, European Union, financing, green steel, H2 Green Steel, Henrik Henriksson, InvestEU programme, NIB, Paolo Gentiloni, RIDW, steel plant, Swede, The Nordic Investment Bank, Thomas Östros
(IN BRIEF) Saab has signed a contract with the United Arab Emirates (UAE) Ministry of Defence for the in-service support of the GlobalEye Airborne Early Warning and Control (AEW&C) system. The contract, worth approximately USD 190 million, covers maintenance, logistics … Read the full press release
(IN BRIEF) Judicial and law enforcement authorities from Germany, Cyprus, Bulgaria, and Sweden collaborated in a coordinated action against an organized crime group suspected of online trading fraud. The criminal network operated fraudulent online trading platforms from call centers and … Read the full press release
Posted in Bulgaria, Business, Cyprus, Economy, Financial, Germany, Government, Industrial, International Trade, Internet & Online, Investment, Law, Management, Netherlands, News, Security & Safety, Sweden, Technology
Tagged Bulgaria, Cyprus, Defrauding, Eurojust, EUROPOL, Fraud Network, Germany, Netherland, online trading, partnership, Sweden
(IN BRIEF) Altor has successfully closed Altor Fund VI at its hard cap of EUR 3 billion, marking the firm’s largest fund to date. With a track record of strong performance, including a 29% gross IRR and 3.0x money multiple … Read the full press release
Posted in Business, Economy, Environment, Financial, Industrial, Investment, Management, News, Sweden
Tagged Altor, Financial, fund, green transition, Harald Mix, investment, Klas Johansson, Paal Weberg, sustainability
(IN BRIEF) Saab’s Chief Test Pilot, Marcus Wandt, embarked on a historic journey from the Kennedy Space Center to the International Space Station (ISS) as part of a project co-financed by Saab to bolster Sweden’s role in space research and … Read the full press release
Posted in Aviation & Aerospace, Business, Defence, Industrial, Management, News, Sweden, Technology
Tagged appointment, Chief Test Pilot, Historic Space Journey, ISS, leadership, Marcus Wandt, Micael Johansson, Saab, Swedish Space Research
(IN BRIEF) SEB has announced its investment in Copenhagen Energy Islands, a new development company by Copenhagen Infrastructure Partners (CIP), dedicated to creating energy islands globally. These large-scale offshore energy hubs are poised to play a crucial role in the … Read the full press release
Posted in Banks, Business, Denmark, Economy, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Sweden
Tagged Copenhagen Energy Islands, investment, Jakob Baruël Poulsen, Kristian Skovmand, offshore, partnership, renewable energy, SEB, sustainability
(IN BRIEF) Danish researchers are embarking on a groundbreaking project called WIN@sea in Scandinavia’s largest offshore wind farm, Vattenfall’s Danish Kriegers Flak. This initiative, involving multiple Danish universities and companies, seeks to simultaneously produce fossil-free energy and sustainable food while … Read the full press release
Posted in Denmark, Energy, Gas & Oil, Environment, Food & Beverage, Sweden
Tagged AAGE V. JENSEN NATURFOND, Aarhus University, Annette Bruhn, biodiversity, cod stocks, Danish Kriegers Flak, food production, Green Energy, Kerteminde Seafarm, marine environment, mussels, offshore wind farm, offshore windfarm, OLAMUR, seaweed, seaweed pasta, the Danish Technological University, the Kattegat Centre, the University of Copenhagen, Tim Wilms, Vattenfall, VELUX FONDEN, WIN@sea project, WIN@sea's family cooking school, wind turbines
(IN BRIEF) The Nordic Investment Bank (NIB) and Skanska Financial Services AB have entered a six-year USD 75 million sustainability-linked loan agreement. This loan’s interest rate margin is tied to Skanska’s climate targets, including a 70% reduction in absolute GHG … Read the full press release
Posted in Banks, Construction, Energy, Gas & Oil, Environment, Financial, Finland, Industrial, Infrastructure & Utilities, Investment, Sweden
Tagged André Küüsvek, climate targets, construction, Key Performance Indicators, KPI, loan, NIB, reducing CO2 emissions, Skanska, Skanska Financial Services AB, sustainability-linked loan, The Nordic Investment Bank
(IN BRIEF) Norsk Hydro ASA has successfully concluded its share buyback program, which began on September 22, 2023, and concluded on February 29, 2024. The program resulted in the acquisition of a total of 31,255,117 shares, equivalent to 1.53% of … Read the full press release
Posted in Business, Economy, Financial, Industrial, Investment, Management, Media, News, Sweden
Tagged Financial, investment, Norsk Hydro, Share Buyback Program
(IN BRIEF) Saab has been awarded a contract worth approximately SEK 300 million from the Swedish Defence Materiel Administration (FMV) for its Mobile Short Range Air Defence (MSHORAD) solution. The contract, spanning 2024 to 2026, will see the deployment of … Read the full press release
(IN BRIEF) Denmark’s renowned beverage and home-freeze ice lolly producer, CO-RO, has selected Alfa Laval to provide a complete juice mixing plant for its processing facility in Frederikssund, Denmark. Sustainability plays a pivotal role in this collaboration, as food and … Read the full press release
Posted in Business, Denmark, Energy, Gas & Oil, Environment, Financial, Food & Beverage, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Sweden, Technology
Tagged Alfa Laval, CO-RO, Denmark, Juice Mixing Plant, Lars Dithmer, partnership, sustainability, Sweden, Søren Holm Jensen
(IN BRIEF) Skanska has secured a contract worth NOK 673 million (approximately SEK 660 million) from DNB Livsforsikring AS, via its subsidiary Trondheim Torg AS, for the renovation and expansion of an existing commercial office building in Trondheim, Norway. This … Read the full press release
Posted in Business, Construction, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Norway, Real Estate, Sweden
Tagged DNB Livsforsikring, Norway, office building, partnership, Skanska, sustainabilty, Trondheim
(IN BRIEF) The European Investment Bank (EIB) is set to provide a substantial lending package of slightly over $1.038 billion (€942.6 million) to support the expansion of Northvolt’s gigafactory in Skellefteå, Sweden. This financing is a crucial component of a … Read the full press release
Posted in Banks, Business, Economy, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Investment, Luxembourg, Management, News, Sweden, Transportation & Logistics
Tagged EIB, Gigafactory, investment, Maroš Šefčovič, Northvolt, partnership, Peter Carlsson, sustainabilty, Sweden, Thomas Östros
(IN BRIEF) R-evolution, the sustainable innovation and green-tech investment subsidiary of Hexagon, has unveiled its forest initiative called Green Cubes, aimed at accelerating global biodiversity rainforest conservation. Utilizing Hexagon’s reality capture technology, Green Cubes allows corporations to sponsor rainforest segments … Read the full press release
(IN BRIEF) The Nordic Investment Bank (NIB) has provided a USD 97.3 million (EUR 88.30 million) loan to Northvolt Ett AB, as part of a consortium, for the establishment of an integrated lithium-ion battery manufacturing and recycling facility in Skellefteå, … Read the full press release
(IN BRIEF) Onera Health, a leader in sleep diagnostic and monitoring solutions, has successfully completed a €30 million ($32 million) Series C financing round. The funding was led by EQT Life Sciences and co-led by Gimv, with participation from existing … Read the full press release
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PHARMA & BIOTECH: The largest repository of EU/European pharma & biotech press releases spanning 12 years (2012-2024)
