Securitas, a Swedish intelligent protective services partner, has signed a deal to acquire Turkish electronic security company Tepe Güvenlik for around €10 million. The Swedish electronic security solutions said that the deal will help it become the second ranked player in the monitoring market in Turkey. Securitas further stated that the acquisition aligns with its […]
Swedish fintech company Klarna, which provides e-commerce payment solutions platform for merchants and shoppers, has acquired virtual social shopping platform HERO for an undisclosed price. Based in the US and the UK, HERO is said to offer inspiration, advice, and immediately shoppable content to consumers, which are directly produced from the physical stores of retailers. […]
Tanla Platforms said that its fully-owned subsidiary Karix Mobile has forged a partnership with Swedish caller ID provider Truecaller for launching the Verified Business Caller ID solutions for enterprises. According to the Indian communications platform as a service (CPaaS) provider, enterprises in India can utilize the solution for connecting better with customers over voice calls […]
Visa has signed a deal worth €1.8 billion to acquire Tink, a Swedish open banking platform provider that enables fintechs, financial organizations, and merchants in Europe in developing personalized financial management tools, products, and services. By means of a single API, Tink helps its customers in accessing smart financial services such as financial data, risk […]
Larsen & Toubro Infotech (LTI) said that its digital banking platform will be deployed by Swedish financial services company Hoist Finance. According to the Indian technology consulting and digital solutions provider, its digital banking platform will be used for providing banking-as-a-service for performing loans by the Swedish firm. Powered by Temenos, the digital banking platform […]
Graphic Packaging, a US-based fiber-based consumer packaging solutions provider, has agreed to acquire AR Packaging Group from CVC Capital Partners Fund VI for about $1.45 billion in cash. AR Packaging Group is a Swedish producer of fiber-based consumer packaging. According to Graphic Packaging, the combination will improve its global scale, capabilities in innovating, and value […]
Finnish state-owned gas company Gasum and renewable materials company Stora Enso recently inaugurated the Nymölla biogas plant, built with an investment of SEK 320 million ($38.37 million) in Sweden. The Nymölla biogas plant produces liquefied biogas (LBG) from industrial process water released by Stora Enso’s Nymölla paper mill. Johanna Lamminen – CEO of Gasum said: […]
Polestar, the renowned Swedish electric performance car manufacturer, has announced a significant financial boost, securing an investment of USD 550 million from a consortium of long-term investors. This funding round is led by Chongqing Chengxing Equity Investment Fund Partnership, Zibo Financial Holding, and Zibo Hightech Industrial Investment, with additional contributions from SK Inc., a South […]
Vestas has secured a turbine contract for a 67MW order for the Grönhult wind project in Sweden from The Renewables Infrastructure Group (TRIG). As per the contract, announced in March, 2021, the Danish wind turbine manufacturer will supply, install, and commission a dozen of its V162-5.6 MW turbines, part of Vestas’ EnVentus platform, for the […]
Tata Consultancy Services (TCS) said that it will partner Ericsson in helping the Swedish telecommunications company build and operate its cloud-based research and digital (R&D) digital workplace. The Indian IT services company will help Ericsson execute its R&D environment transformation initiative for enabling secured access and automated availability of the development environment irrespective of the […]