Swedish game developer Stillfront Group has agreed to acquire Six Waves, a publisher of mobile free-to-play strategy games in Japan, for $201 million. Stillfront Group will acquire Six Waves from NEXON (34.8%), Ng Lok Shun, Rex (20.5%), Chow Bong Leong, Arthur (13.2%), and other shareholders. Established in 2008, 6waves is focused on developing mid-core strategy […]
Volvo Trucks has bagged an order to deliver an additional 25 heavy electric trucks to Danish shipping and logistics company DFDS. Volvo Group, the parent firm of the Swedish truck manufacturer, said that the delivery of the Volvo FM Electric trucks is planned to begin in Q4 2022. DFDS is expected to use the new […]
Swedish food technology innovator N!CK’S has secured $100 million in a Series C funding round led by Kinnevik, Temasek, and Ambrosia Investments. Gullspang, Capagro, Peak Bridge, and Nicoya also took part in the funding round of the healthy and indulgent snacks and ice cream maker. Magnus Jakobson — Investment Director at Kinnevik said: “We are […]
Nefab Group, a Swedish industrial packaging manufacturer, has acquired Reflex Packaging Group, a US-based packaging company engaged in sustainable thermoformed cushioning, for an undisclosed price. According to Nefab Group, the acquisition will further consolidate its commitment of saving resources in supply chains. Reflex Packaging will continue to be a separate entity under Nefab Group’s ownership. […]
Swedish battery developer Northvolt is investing $750 million for the expansion of its existing Northvolt Labs in Västerås, Sweden into a fully integrated ecosystem to drive technological advances in the emerging battery industry in Europe. The expanded lab will feature testing facilities and the Revolt pilot recycling plant, which will directly feed recycled raw materials […]
Tata Consultancy Services (TCS) said that it has been engaged by Swedish pharma retailer Apoteket for expediting its digital transformation and growth. Apoteket, which is claimed to draw 34 million customers for its stores annually, aims to consolidate its position in the region by transforming into a full-service healthcare provider and provide services across the […]
Fortum has wrapped up the previously announced SEK 29.5 billion (€2.9 billion) of its 50% stake in Stockholm Exergi Holding, a Swedish district heating and cooling company. The Finnish state-owned energy company had sold the stake to a consortium of European institutional investors of APG, PGGM, Alecta, AXA, and Keva, which is represented by Ankhiale […]
Resurs Bank, a Swedish banking group, is investing nearly SEK 500 million ($57.9 million) in its IT transformation, which includes a new, fully cloud-based banking platform to be delivered by Indian fintech company Intellect Design Arena. According to the Nordic banking company, the cloud-based banking platform will create the prerequisites to offer state-of-the-art services, interfaces, […]
Australia-based Bayrock Resources, through its fully-owned subsidiary — Swedish Nickel, has entered into an option agreement to acquire from Canada-based EMX Royalty. The deal will give EMX Royalty a stake of up to 6% in Bayrock Resources along with annual advance royalty payments, and 3% net smelter return (NSR) royalty interests, work commitments, and other […]
Swedish renewable energy company, OX2, has finalized an agreement with Finnish renewable materials company, Stora Enso, to acquire the 170 MW Hälsingeskogen wind power project situated in the municipality of Ovanåker, Gävleborg County, Sweden. According to the terms of the agreement, OX2 will take over 100 percent of the project rights from Stora Enso, which […]