Volvo Cars to divest stake in Aurobay to Geely to become fully electric
Volvo Cars will divest its 33% stake in engine maker Aurobay to Geely Holding, a Chinese multinational automotive company, in an effort to become a ... Read More
Volvo Group to start producing battery modules at Belgian truck plant by 2025
Volvo Group has announced plans to build a battery module manufacturing facility at its Ghent truck plant in Belgium, aiming to start production by 2025. ... Read More
Sweden’s Essity to acquire 80% stake in leakproof apparel firm Knix Wear
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 ... Read More
KPTL takes full ownership of Swedish EPC firm LMG for $11.5m
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, ... Read More
Saab bags $706.5m order from Sweden’s FMV for GlobalEye aircraft
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 ... Read More
Alfa Laval to acquire tank cleaning equipment provider Scanjet
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 ... Read More
PETRONAS Chemicals to buy Swedish specialty chemicals company Perstorp
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, ... Read More
Wipro to transform digital workplace of Swedish auto manufacturer Scania
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 ... Read More
VR Group to acquire Swedish bus and rail company Arriva Sverige
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 ... Read More
Verso gets shareholders’ approval for $825m acquisition by BillerudKorsnäs
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 ... Read More