A tragic ice cave collapse in Iceland has left one person dead and two others missing. The incident occurred on August 25, 2024, at the Breiðamerkurjökull glacier, a popular tourist destination in southeastern Iceland, when a group of 25 tourists was exploring the cave. The collapse, which trapped four people, has raised serious concerns about […]
Coloplast, a Danish medical products company, has announced its plan to acquire Kerecis, a rapidly growing innovator in the biologics wound care market based in Iceland. The deal is expected to reach a value of $1.3 billion (around DKK 8.9 billion), with an upfront cash payment of $ 1.2 billion (around DKK 8.2 billion). Kerecis […]
Akthelia Pharmaceuticals, a preclinical drug development startup, and the University of Iceland have jointly secured a €6 million EU Horizon Grant for the IN-ARMOR project. The joint IN-ARMOR project is anticipated to develop new innate immune system inducers to deal with antimicrobial resistance (AMR), a global health threat, and minimize infections, including two of the […]
Marel has agreed to acquire Wenger Manufacturing, an American supplier of pet food, plant-based proteins, and aqua feed, for $540 million. According to the Iceland-based food processing company, the acquisition of the Sabetha, Kansas-based Wenger Manufacturing marks a platform investment into new, complementary, and attractive growth markets. The US firm’s operations will become the fourth […]
Innergex Renewable Energy has struck a deal to offload its entire stake in its Icelandic assets to a Macquarie Infrastructure and Real Assets, a managed European infrastructure fund for $304.8 million (CAD 408.8 million). In this regard, the Canadian power producer will divest Magma Energy Sweden, which is its wholly-owned subsidiary that has a stake […]
Bottled spring water brand Icelandic Glacial will expand its distribution in the Icelandic market through a partnership with Coca-Cola European Partners Iceland. As per the agreement between the two companies, Coca-Cola European Partners (CCEP) will distribute and sell Icelandic Glacial’s spring water products in Iceland alongside its current range of beverages. Commenting on the distribution […]