Tata Consultancy Services (TCS), an Indian IT services provider, has been selected by Swedish construction company Skanska to help in its digital transformation. As a part of the multi-year contract, TCS will utilize its Machine First Delivery Model (MFDM) framework for optimizing the journey of Skanska to the cloud and enable it to shift to […]
Swedish Orphan Biovitrum (Sobi) said that the first patient has been dosed with Doptelet (avatrombopag) in a phase 3 trial for the treatment of immune thrombocytopenia (ITP) in pediatric patients. Avatrombopag is a thrombopoietin receptor agonist (TPO-RA). Its phase 3 study – AVA-PED-301 will assess the efficacy, safety, and pharmacokinetics in the treatment of the […]
GE Renewable Energy has signed an agreement with Luxcara, an asset management company, to deliver turbines for the latter’s 753MW Önusberget wind farm in Sweden. As per the agreement signed in February, GE Renewable Energy will supply 137 of its Cypress 5.5 MW turbines for the onshore wind farm in northern Sweden. Each turbine will […]
Ingka Group, the owner of IKEA stores, is foraying into consumer banking, by acquiring a stake of 49% in Sweden-based Ikano Bank from Ikano for an undisclosed price. As per the terms, Ingka Group will have the option to buy the remaining stake at a later date. Ingka Group is carrying out the deal through […]
Swedish private equity company EQT Partners has offered to takeover Recipharm, a Swedish pharma contract development and manufacturing organization (CDMO), for SEK 23.6 billion ($2.82 billion). As per the terms of the offer, Recipharm’s shareholders are being offered SEK 220 ($26.3) in cash for each of its class B shares EQT IX, a fund managed […]
Sweden-based Cantargia has awarded a contract to BioInvent International for manufacturing CAN10, a monoclonal antibody which is in preclinical development for the treatment of systemic sclerosis and myocarditis. CAN10, which is a fully humanized monoclonal antibody, targets IL1RAP. The monoclonal antibody has been designed to inhibit the signalling of the inflammatory cytokines IL-1, IL-33, and […]
Hexatronic Group, a Sweden-based fiber communications specialist, has acquired a 90% stake in Italian structured cabling company Qubix for nearly €14.4 million from euromicron Holding, a German provider of network and fiber optics technology. The remaining 10% stake in the Italian firm will be held by its founder and general manager Filippo Gnocco, who will […]
Swedish engineering firm Sandvik has agreed to sell its exploration business to Drillman, a subsidiary of the M Group of companies, which is fully owned and operated in Australia. Drillman caters to the geotechnical, mineral exploration, horizontal, directional, and upstream gas drilling and other sectors with equipment and technical support. As part of the deal, […]
Siemens Gamesa Renewables has won a contract from Nordic wind power developer Eolus Vind to supply 11 of its 5.x series wind turbines for three Swedish wind farms – Boarp, Dållebo, and Rosenskog, that will have a combined capacity of 68MW. The wind farms, which will be built in southern Sweden, will be powered with […]
Finnish oil refining company Neste has divested its stake of 49.99% in Nynas to Bitumina Industries for an undisclosed price. Nynas is a Sweden-based manufacturer and marketer of naphthenic specialty oils and bitumen products. The company has four refineries located across Harburg in Germany, Nynäshamn and Gothenburg in Sweden, and Eastham in the UK. Eastham […]