Essity, a Swedish hygiene and health company, has agreed to acquire an 80% stake in Knix Wear, a Canada-based provider of leakproof apparel for periods and incontinence, for $320 million. With the stake acquisition, Essity aims to become a leader in the global market within leakproof apparel. Essity has been involved in the leakproof apparel […]
Kalpataru Power Transmission Limited (KPTL) said that its fully-owned subsidiary KPT Sweden has taken full ownership of Linjemontage i Grastrop (LMG), a Swedish EPC company, by acquiring the remaining 15% for around SEK 121.2 million ($11.5 million). Founded in 1993, Linjemontage i Grastrop has three main business areas, which are EPC of substation, transmission, and […]
Saab has won a contract of around SEK 7.3 billion ($706.5 million) for the GlobalEye Airborne Early Warning and Control (AEW&C) aircraft from the Swedish Defence Materiel Administration (FMV). The order includes a couple of GlobalEye aircraft with deliveries intended to be made during 2027 with the contract period being 2022-2027, said the Swedish aerospace […]
Alfa Laval has agreed to acquire Scanjet, a supplier of tank cleaning equipment and solutions for offshore, marine, and industrial applications. The financial terms of the deal were not disclosed. Magnus Wallin — CEO of Scanjet said: “Alfa Laval is the ideal place for Scanjet’s journey to continue. “Our companies have leading marine offerings that […]
PETRONAS Chemicals Group (PCG), a Malaysian chemicals producer, has agreed to acquire Perstorp, a specialty chemicals company, from Financière Forêt, a company under PAI Partners, for a price of €2.3 billion. Based in Sweden and established over 140 years ago, Perstorp is a niche specialty chemicals producer. The company focuses on the resins and coatings, […]
Wipro has entered into a five-year engagement with Swedish transport solutions provider Scania for transforming the latter’s digital workplace. Presently, Scania has 54,000 employees in over 100 countries. The Swedish auto manufacturer of commercial vehicles is engaging Wipro for delivering streamlined support with increased automation and improved user experience via customized services backed by real-time […]
VR Group, a Finnish government-owned railway company, is acquiring Arriva Sverige, a Swedish bus and rail company, for an undisclosed price. Arriva Sverige is an urban transport operator in Stockholm. It also operates in regional transport in Sweden’s southern and southeastern regions. Through the acquisition, VR Group aims to expand and bolster its position as […]
Shareholders of Verso Corporation, an Ohio-based producer of graphic, specialty and packaging paper and market pulp, have voted in favor of the company’s $825 million acquisition by BillerudKorsnäs, a Swedish pulp and paper manufacturer. The all-cash deal, which was announced in December 2021, aims to create one of the largest providers of virgin fiber paper […]
Volvo Cars and Northvolt will build a new 50GWh battery manufacturing plant in Gothenburg, Sweden with an investment of around SEK 30 billion ($3.28 billion) while offering up to 3,000 new jobs. To begin operations in 2025, the Swedish battery manufacturing project will also have a research and development center. The latter will begin operations […]
HCL Technologies said that it has extended its partnership with Husqvarna Group, a Swedish manufacturer of outdoor power products, through a new multi-year IT services contract. According to the Indian IT services provider, the engagement will take forward the digital transformation journey of Husqvarna by tapping automation and enabling an agile and customer-focused workforce. Husqvarna […]