Tragedy in Iceland: Ice cave collapse kills one, two missing

Tragedy in Iceland: Ice cave collapse kills one, two missing

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 […]

Akthelia Pharmaceuticals gets EU Horizon Grant for IN-ARMOR project

Akthelia Pharmaceuticals gets EU Horizon Grant for IN-ARMOR project

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 to buy pet food and aqua feed supplier Wenger Manufacturing for $540m

Marel to buy pet food and aqua feed supplier Wenger Manufacturing for $540m

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 to sell Icelandic power assets to Macquarie for $305m

Innergex to sell Icelandic power assets to Macquarie for $305m

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 […]

CCEP to distribute Icelandic Glacial bottled spring water brand in Iceland

CCEP to distribute Icelandic Glacial bottled spring water brand in Iceland

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 […]