Klarna, a Swedish fintech company, which serves as an e-commerce payment solutions platform for merchants and shoppers, has pocketed $650 million in a new funding round, to further speed up its global expansion. Technology investor Silver Lake led the funding round which has almost doubled the valuation of the fully licensed Swedish bank to $10.65 […]
Danish marzipan producer Odense Marcipan, which is a part of Orkla Food Ingredients, will acquire cake manufacturer Frödinge from Swedish food company Orkla Foods Sverige, for an undisclosed price. According to Orkla, the parent firm of the parties said that the acquisition is being executed to build a strong platform for future development of Frödinge, […]
WEKO, a German supplier of industrial application systems for surface finishing, has joined forces with Swedish chemicals company Polygiene to offer solutions for applying the latter’s Polygiene ViralOff as a spray of microdroplets. Polygiene ViralOff has been designed for the treatment of textiles and other products, and is claimed to reduce viruses by 99% in […]
NKT has bagged a contract worth around €235 million from SSEN Transmission for the supply and installation of a high-voltage direct current (DC) interconnector to the Shetland HVDC Link project. The Danish power cable manufacturer said that the turnkey order includes the manufacturing of nearly 2×260 km of 320 kV high-voltage DC on-and offshore power […]
Bambuser, a Swedish live streaming provider, has signed a pilot agreement worth SEK 350,000 with an undisclosed global retailer for its Live Video Shopping software product. Launched in September 2019, Live Video Shopping is an interactive software aimed mainly at retail and e-commerce firms which want to sell their products or services through live streaming, […]
Swedish pharma company Gesynta Pharma has reported positive results from the phase 1 clinical trial of GS-248, which is being developed for the treatment of microvascular diseases in chronic inflammatory conditions. The purpose of the early-stage clinical trial was to assess the safety, tolerability, pharmacokinetic and pharmacodynamic properties of GS-248 after subjecting healthy subjects to […]
Swedish vegetable oils and fats producer AAK has acquired a 75% stake in Russia-based NPO Margaron, which produces margarines, spreads, and bakery and confectionery fats. The financial details of the deal were not disclosed. Margaron has been a toll manufacturer to AAK for more than 10 years and had recorded 2019 revenues of nearly SEK […]
Vestas has secured an order to supply wind turbines for the 155MW Åby-Alebo wind project (Vindpark Åby-Alebo) in Sweden from Swedish energy company Stena Renewables. As per the contract, the Danish wind turbine manufacturer will supply, install, and commission 36 V150-4.2 MW turbines in 4.3MW power-optimized mode for the Swedish wind farm to be built […]
KL1333 clinical trial : Swedish biotech company NeuroVive Pharmaceutical has wrapped up recruitment of healthy volunteers in the second part of its ongoing phase Ia/b clinical trial for its drug candidate drug KL1333 for the chronic oral treatment of primary mitochondrial disease. According to NeuroVive Pharmaceutical, the first part of the clinical study assessed the […]
Recipharm acquisition of Consort Medical : Swedish pharma group Recipharm has agreed to acquire Consort Medical, a British contract development and manufacturing organization (CDMO) for £505 million, as per the latest pharma acquisition news. The transaction is said to help Recipharm become a major inhalation company and places it among the top five CDMO players […]