MPCC to Present at Pareto Securities Energy Conference
MPC Container Ships ASA will present at the Pareto Securities' 31th Annual Energy Conference today at 11:50 CEST. The presentation is enclosed to this release and available on the Company's website www.mpc-container.com For further queries, please contact:ir@mpc-container.com About MPC Container ShipsMPC Container Ships ASA (ticker code "MPCC") is a leading container tonnage provider focusing on small to mid-size container ships. Its main activity is to own and operate a portfolio of container ships serving intra-regional trade lanes on fixed-rate charters. The Company is registered and has its business office in Oslo, Norway. For more information, please visit www.mpc-container.com.
Metso is excited to introduce the newest member of its MHC hydrocyclones product family, the MHC[TM] CB (curved bottom). This new hydrocyclone is designed for superior particle separation with increased unit capacity and coarser cut sizes while minimizing the fines bypass.
Ben Klein, Product Group Manager of Hydrocyclones at Metso, says: “The design of the MHC[TM] CB is based on the proven MHC[TM] Hydrocyclone but upgraded with new innovative features, making it a true breakthrough technology for the classification process. Thanks to this unique patented design, the new hydrocyclone offers higher unit capacity compared to standard hydrocyclone technologies. The MHC[TM] CB is also capable of producing coarser overflow products for a given hydrocyclone size, allowing for greater flexibility in classification and especially beneficial to new coarse particle flotation circuits. Finally, it provides enhanced classification efficiency by minimizing unwanted fines and water in the underflow.”
The MHC[TM] CB hydrocyclone is ideal for grinding circuit classification – from primary to fine grinding – and for a full range of mineral types. It is highly compatible with dewatering and desliming applications. MHC[TM] CB is a great product for greenfield and brownfield projects – and its simple design makes it easy to retrofit into existing hydrocyclone clusters.
“In an effort to better support our partners and customers, the MHC[TM ]CB was developed in partnership with Anglo American, which has worked with Metso since the onset in investigating improvement in hydrocyclone classification. Anglo American has provided support with both large-scale laboratory and pilot testing to prove the technology. Imperial College has also provided support in bringing this concept to light and in confirming the validity of this new technology as a third party,” Klein explains.
Metso is happy to promote this product for a variety of applications including, but not limited to lithium, gold, aggregates, nickel, magnetite, hematite, limestone, aluminum, zinc, molybdenum, silica, etc.
Thanks to its energy efficiency and reduction in CO2 emissions compared to similar wet classification technologies, the MHC[TM] CB hydrocyclone has been approved as part of Metso’s Planet Positive offering.
Find out more about the MHC[TM ]CB hydrocyclone on our website .
Further information:
Ben Klein, Product Group Manager, Hydrocyclones, Metso, tel. +1 717 487 1869, email: ben.klein(at)metso.com
Helena Marjaranta, Vice President, Communications and Brand, Metso, tel. +358 20 484 3212, email: helena.marjaranta(at)metso.com
Metso is a frontrunner in sustainable technologies, end-to-end solutions and services for the aggregates, minerals processing and metals refining industries globally. We improve our customers’ energy and water efficiency, increase their productivity, and reduce environmental risks with our product and service expertise. We are the partner for positive change.
Headquartered in Espoo, Finland, Metso employs over 17,000 people in close to 50 countries and sales for 2023 were about EUR 5.4 billion. The company is listed on the Nasdaq Helsinki. Metso.com, x.com/metsoofficial
H2 Green Steel was launched in 2021 to reduce emissions in the steel industry on a very ambitious timeline. By showing that it can be done, the company also aimed to inspire the incumbent steel industry to speed up the pace of change. Having secured funding of €6.5 billion and being well on its way to building the world’s first large-scale green steel plant - with start of production in 2026 - the company now starts a new chapter with a new name: Stegra.
“The team continues to prove that it is possible to do more and to change things fast, also in an industry that has for a long time been considered difficult to decarbonize. As we continue this journey, we leave our more descriptive project name behind, and take on the name Stegra, which reflects our long-term ambitions”, says Henrik Henriksson, CEO, Stegra.
Since its launch, the company’s purpose has been reshaped to be the accelerator of decarbonization in hard-to-abate industries. Hard-to-abate industries rely heavily on fossil fuels, making emissions cuts more challenging. Those are the industries Stegra will tackle. And showing that it’s possible in the steel industry, using renewable electricity, is the first step.
“Stegra is a Swedish word which means to ‘to elevate’. It captures the team’s spirit to rise in the face of challenges and always continue to move onwards and upwards. It’s a constant reminder of the company’s purpose and honors our Swedish roots and where it all began in Boden,” says Henriksson.
The name Stegra is future proof for the journey ahead, which is based on the three distinct platforms that are being built in Boden:
- Green hydrogen: one of the world’s largest electrolyzers
- Green iron: where the bulk of the emissions are reduced by replacing coal and coke in traditional steelmaking with green hydrogen – emitting water instead of carbon emissions
- Green steel: a fully electrified large-scale production facility for near zero emissions steel
Over the long term, Stegra will explore the potential for growth, leveraging all three platforms and making use of the competence and experience being developed in the flagship plant in Boden.
Stegra has a solid funnel of potential projects outside of Sweden that are being explored as part of a longer-term outlook. They are characterized by locations where the company’s customers need help with value-chain decarbonization and which offer abundant access to renewable electricity and strong grid connections. Locations under consideration include Portugal, Canada and Brazil.
“Presently, a project in Portugal, where the site selection has been made and land reserved near Sines, is the most advanced. Notification on substantial allocation of the power needed has been made to Stegra and our local value chain partnerships continue to evolve,” says Henriksson.
“Customers can now benefit from greener options without adversely affecting normal operations and thereby help set the stage for a fossil-free future of heavy transport,” says President and CEO Christian Levin, Scania.
Scania now stands ready to deliver outstanding electric trucks with the greatest loading capacity, the fastest charging, and the and the best driving experience on the market.
But not only that: Thanks to Scania’s modular approach it offers a great variety of electric machines and options regarding battery packs, chassis, power take-off solutions, cab variants and axle configurations.
Scania can hereby deliver the right solution for each individual customer, including three different electric machines in nine power output levels. This makes it possible to tailor the vehicle specification to allow for maximum payload.
“Meanwhile, electrified transport depends on a whole ecosystem. To be the best partner to our customers we must offer more than vehicles. Additionally, our support includes charging infrastructure, battery performance monitoring, dynamic route planning, financing, and many other services. Over the past two years, we’ve worked hard to get all of that in place,” says Levin.
In parallel, Scania has pioneered biofuel trucks. On display at IAA, will be the unrivalled Scania Super 460 R, the latest winner of the German Green Truck Award. In biogas, Scania’s new 13-litre truck provides customers with a choice of compressed and liquified biogas, the latter with ranges up to 1,800 kilometres.
No Scania appearance would be complete without its legendary V8 and visitors at IAA will no doubt relish the Scania R 660, built for the toughest conditions.
All of these trucks – as well as new efficiency enhancing and cost-saving services – take centre stage as the entire industry stands at the threshold of transitioning to sustainable transport.
Read more: In the attached documents you can learn more about Scania's products and services on display at IAA.
London, UK, 12th September 2024 – IFS, the leading technology provider of enterprise cloud and industrial AI software, today announces that Moreld Apply, a multi-discipline engineering company specializing in the oil and gas sector, has chosen to upgrade to IFS Cloud. This strategic move is designed to support Moreld Apply's ongoing growth and expansion into new market segments, including front-end and green solutions for energy operators, with the objective of minimizing their environmental footprint.
Moreld Apply has been an IFS client since 2009, utilizing the software to facilitate a diverse array of business operations. Upgrading to the latest version of IFS Cloud will enable the company to enhance its project planning, control, and forecasting capabilities, which are essential for competing effectively in the highly competitive energy market.
The composable nature of IFS Cloud will ensure that Moreld Apply remains fully up to date with the latest version of the platform, allowing seamless integration of new functionality and emerging technologies, including embedded AI and advanced automation capabilities, to further enhance agility in the future.
Bjarte Haugland, Area Head IM&IT at Moreld Apply, commented: “Our long-standing relationship with IFS is founded on trust and mutual success, and we are committed to continuing this partnership in the future.”
In line with its commitment to sustainability, IFS Cloud has equipped Moreld Apply with the requisite functionality to facilitate its strategic growth ambitions within new industry segments and clean energy markets. The platform will provide Moreld Apply with robust reporting tools to track, measure and ultimately provide data-driven insights to help achieve their ESG targets, while also offering a more modern, user-friendly mobile interface.
IFS Cloud for Moreld Apply includes modules for finance, HR, supply chain, resource management, document management, asset design and project management, with the implementation initially being rolled out to 1,600 users across Norway and Poland.
Ann-Kristin Sander, Managing Director Nordics at IFS, said: “Moreld Apply’s decision to transition to IFS Cloud underlines the company’s commitment to leveraging cutting-edge technology to drive efficiency and support their ambitious growth plans. This strategic upgrade will ensure they remain competitive and agile in a rapidly evolving industry landscape. We are excited to continue our partnership and support them on this exciting journey.”
About Moreld Apply
Moreld Apply is a leading multi-discipline engineering company, specializing in contracts across all project phases - from concept development and studies to completion and commissioning. The company offers a range of services covering operations, maintenance and modifications of oil and gas production facilities on the Norwegian Continental Shelf (NCS).
Moreld Apply’s head office is in Stavanger, with additional offices in Bergen and Hammerfest. It was established as Sørco in 1979 as an engineering design contractor for the oil and gas industry. Since then, the company has progressed to become a supplier of complete turnkey projects for maintenance, modifications and operations support contracts for onshore and offshore facilities For more information, please visit www.apply.no
About IFSIFS is the world’s leading provider of Industrial AI and enterprise software for hardcore businesses that make, service, and power our planet. Our technology enables businesses which manufacture goods, maintain complex assets, and manage service-focused operations to unlock the transformative power of Industrial AI™ to enhance productivity, efficiency, and sustainability.IFS Cloud is a fully composable AI-powered platform, designed for ultimate flexibility and adaptability to our customers’ specific requirements and business evolution. It spans the needs of Enterprise Resource Planning (ERP), Enterprise Asset Management (EAM), Supply Chain Management (SCM), Information Technology Service Management (ITSM), and Field Service Management (FSM). IFS technology leverages AI, machine learning, real-time data and analytics to empower our customers to make informed strategic decisions and excel at their Moment of Service™.IFS was founded in 1983 by five university friends who pitched a tent outside our first customer's site to ensure they would be available 24/7 and the needs of the customer would come first. Since then, IFS has grown into a global leader with over 6,500 employees in 80 countries. Driven by those foundational values of agility, customer-centricity, and trust, IFS is recognized worldwide for delivering value and supporting strategic transformations. We are the most recommended supplier in our sector. Visitifs.com to learn why.
IFS Press Contacts:
EUROPE / MEA / APJ: Adam GillbeIFS, Director of Corporate & Executive CommunicationsEmail: press@ifs.comPhone: +44 7775 114 856NORTH AMERICA / LATAM: Mairi MorganIFS, Director of Corporate & Executive CommunicationsEmail: press@ifs.comPhone: +44 7918 607 299
“We are very pleased to have won the competition for this commission and to have gained renewed trust from a good customer in K2 Bolig and Bane NOR Eiendom. This is a great project with good qualities and a nice location in the heart of Sandnes. We have extensive and good experience with this type of project, so this is a good match with our portfolio and gives us good continuity in our focus on apartment housing," says district manager Bendik Aarstad with Veidekke Bygg Rogaland.The project is centrally located near Skeiane railway station and is bordered by the Sandved park. The building will have six floors and the apartments vary in size from 42 to 111 m2. Each apartment has a balcony, of which most face a recreational street with benches, playground equipment and trees, completely free of through traffic.“We are very pleased with the start of sales and the positive response in the market. Since the end of 2023, 36 buyers have found their dream home at Skeiane station. In the course of the summer alone we have sold seven apartments, and there are still some apartments available in the first stage. Our goal is occupation in the third quarter of 2026,” says project manager Brit Sølvi Sandstøl at K2 Bolig.Veidekke has started demolition work on the site, while construction work starts in October. In a short time, stage two will be launched consisting of 25 apartments in a five-story apartment building. K2 Bolig and Bane NOR Eiendom have agreed with Veidekke that construction of second stage will start when sufficient advance sales have been achieved.
The commission is included in Veidekke’s order book for Q3. Read more about the project here. For further information, please contact:Bendik Aarstad, district manager, Veidekke Bygg Rogaland, tel. +47 911 93 701, bendik.aarstad@veidekke.no (are.westbye@veidekke.no)Helge Dieset, Communications Manager of Veidekke, tel. 647 90 55 33 22, helge.dieset@veidekke.noBrit Sølvi Sandstøl, project director with K2 Bolig, tel. +47 92 21 73 38 ss@k2-bolig.noBirgitte Norheim, property developer with Bane NOR Eiendom, tel. +47 41 51 93 40, birgitte.norheim@banenor.noVeidekke’s press photos Subscribe to messages from Veidekke Veidekke is one of Skandinavias biggest contractors. In addition to undertaking all types of building and civil engineering assignments, the group also maintains roads and produces asphalt and aggregates. Veidekke emphasises stakeholder involvement and local experience. Annual turnover is approx. NOK 43 billion, and almost half of its 8,000 employees own shares in the company. Veidekke is listed on the Oslo Stock Exchange and has posted a profit every year since its inception in 1936.
"We have been a popular destination in Tønsberg ever since we established our first store in the city 23 years ago. We are very happy to be able to grow in Tønsberg and become even more accessible," says Rune Johansen, Country Operations Manager.
The new Clas Ohlson store is located in the newly built Kilen Handelspark, just outside Tønsberg city centre. The first phase of the retail park was opened in June this year, and now the second phase has been completed, including Clas Ohlson's new store, which covers a total of 1,500 square meters.
"The store is one of our largest in Norway. We will offer a very wide range of products, including storage solutions, lighting, and items for building and repairing," says Rune Johansen.
The store opening in Tønsberg is Clas Ohlson's third opening in Norway this year, and three more Norwegian stores are set to open this fall. Among them is a new store in Alti Eikunda in Egersund, south of Stavanger, which will be Clas Ohlson's hundredth store in the Norwegian market. This fall, Clas Ohlson will also have a total of one hundred stores in Sweden.
Clas Ohlson now has a total of 234 stores distributed as follows: Sweden: 99, Norway: 97, and Finland: 38.
Future store openings
SwedenÖrebro, Boglundsängen – planned opening September 2024Burlöv, Burlöv Center– planned opening September 2024
NorwayTynset, Elfengveien – planned opening October 2024Fredrikstad, Værstetorvet – planned opening November 2024Egersund, Alti Eikunda – planned opening November 2024
For more information, please contact:
Anders Wahl, press contact, +4672143 00 89, anders.wahl@clasohlson.se
Clas Ohlson was founded in 1918 as a mail order business in Insjön, Sweden. Today we are a retail company with customers in three markets, approximately 5,000 co-workers and annual sales of approximately 10 billion SEK. Our share is listed on Nasdaq Stockholm. A lot has happened since the start in 1918, but one thing has remained the same over the years; that we want to help people to improve their everyday lives by offering practical and sustainable solutions at attractive prices. Visit about.clasohlson.com/en to read more about us and how we make home fixing available, sustainable and enjoyable for everyone.
In contrast to the most widespread designs, that locate the nacelle under the wing, Heart’s solution is centred on the wing and designed for a vortex generation at a high angle of attack (the angle between the wing and the oncoming airflow), preventing the nacelle from significantly deteriorating the wing's performance.
“This innovation reflects Heart’s strategy to simultaneously develop both the aircraft’s design and the production process, ensuring rapid innovation and ability to adapt to changes,” says Anders Forslund, co-founder and CEO of Heart Aerospace.
Heart today revealed its first full-scale airplane demonstrator, the Heart Experimental 1 (Heart X1), which signifies the company’s creation of a flexible manufacturing process that is repeatable, automated, and uses automatic inspection.
“Our new nacelle integration design will be manufactured inhouse, using automated composite technology, and incorporated on Heart’s upcoming airplane prototype, the Heart X2,” says Ben Stabler, Chief Technology Officer at Heart Aerospace.
The interaction between a wing and a nacelle—the engine housing mounted on the wing—plays a crucial role in determining an aircraft’s aerodynamic performance. At high angles of attack, traditional nacelle designs can cause airflow separation, leading to stall and a rapid loss of lift.
Heart’s design minimizes the aerodynamic interference between the nacelle and wing, allowing for a higher angle of attack and delaying stall. This improves lift generation during both cruise and landing phases, giving the ES-30 the ability to fly at lower speeds with greater aerodynamic efficiency.
As a result, the aircraft will be able to operate on shorter runways, opening new opportunities for regional air travel.
“The operation of electric airplanes requires highly efficient aerodynamic designs and our research on propulsion integration centred on the wing has led to a concept that significantly outperforms conventional designs” says Alain Cuenca, Senior Aerodynamics & Thermodynamics Engineer at Heart Aerospace. ”Innovations like this are key to making electric aviation a reality.”
Heart is developing the ES-30, a regional hybrid-electric airplane with a standard seating capacity of 30 passengers, which promises to deliver unparalleled sustainability and efficiency on short-haul routes. With an electric zero-emission range of 200 km and an extended hybrid range of 400 km.
For media inquiries, please contact:
Heart Aerospace
Email: press@heartaerospace.com
Phone: +46 728 889 610
The tests were conducted as part of the Swedish research project ELISE, which brings together technology companies with airlines and airports to foster the development of electric aviation infrastructure in Sweden. This phase of the ELISE project focused on creating a full-scale demonstrator of Heart’s regional ES-30 airplane for the testing of ground handling procedures.
“Commercial customers are eager to reduce operational costs and decarbonize their fleets, but they face a set of complex challenges, such as which plug standard to install and how to bring megawatts of power to remote facilities. We are working closely with industry advisors through the ELISE project to ensure we meet these specific needs. By collaborating with experts, we aim to create an infrastructure tailored for electric aircraft and the airport,” says Simon Reinberth, Airport Infrastructure Manager at Heart Aerospace.
Funded by the Swedish innovation agency Vinnova, the third step of the ELISE project is driving rapid technological advancement and innovation, crucial for reducing the environmental and climate impact of aviation.
“As one of the leaders in the aviation industry's move toward lower greenhouse gas emissions, we believe that partnerships like the Elise program are key to speeding up the development of the advanced technologies required to meet the industry's net-zero targets. By collaborating with like-minded stakeholders who share their knowledge and expertise, sharing the results with the rest of the industry, we are confident that our commitment will play a significant role in bringing hybrid-electric and fully electric aircraft technologies to market more quickly," says Lars Resare, Chief Sustainability Officer at Braathens Regional Airlines.
“SAS is playing a key role in driving the aviation industry´s transformation. We believe collaboration is key to unlocking innovative solutions and through the ELISE program, SAS is gaining valuable insights into electric aviation. This keeps us stay ahead of market trends and helps us shape the future of electric aircraft. This initiative also allows us to involve our employees and customers, increasing awareness of the latest aircraft technologies”, says Ann-Sofie Hörlin, Head of Sustainability at SAS.
The ground support procedures tested at Säve Airport in Gothenburg included:
1. Verification and Testing of the Charging Procedure: Ensuring the reliability and efficiency of the electric aircraft charging process.
2. Evaluation of Charging Routines: Optimizing charging routines to enhance operational efficiency.
3. Onboarding and Offboarding Procedures: Streamlining the processes for passengers and cargo specifically for electric aircraft.
4. Ground Support Experience and Maintenance Routines: Training ground support personnel to ensure seamless operations.
“It is very gratifying that Swedavia through the ELISE project can contribute with our broad collective knowledge and competence regarding battery-powered electric aviation and its infrastructural and operational consequences on airports. Electric aircraft could play an important role for regional flights and thus provide more accessibility in our sparsely populated country. As a world leader in operating airports with the least possible environmental impact, we continue to be an active partner in aviation's necessary climate change transition by developing and enabling the future of fossil free aviation, from battery electric aircrafts to hydrogen aircrafts, and of the use of SAF in aviation”, says John Nilsson, senior strategist responsible for electric and hydrogen aircraft at Swedavia.
Sweden has a strong aviation industry and a transport infrastructure that depends on air travel and the successful completion of these ground testing procedures brings the vision of eco-friendly air travel in the country closer to reality.
This milestone reflects the hard work and dedication of the entire ELISE consortium which also includes Swedish battery manufacturer Northvolt, and an advisory board consisting of Sweden's Regional Airports (SRF), Research Institutes of Sweden (RISE), Bromma Air Maintenance (BAM), Swedish Civil Aviation Administration (LFV), Swedish Transport Agency (TS), and Swedish Transport Administration (TrV).
For more details join our live stream presentation at 13.00 CET, September 12th.
More images can be found here .
For media inquiries, please contact:
Heart Aerospace
Email: press@heartaerospace.com
Phone: +46 728 889 610
Built almost entirely in-house at Heart’s Gothenburg facilities, the demonstrator reflects the company’s strategy to simultaneously develop both the design and production processes.
“Our industry is approaching a 30-year innovation cycle, and we have less than 25 years to decarbonize aviation. We need to develop new methods to get net zero aerospace technologies to market faster,” says Anders Forslund, co-founder and CEO of Heart Aerospace. “It is a testament to the ingenuity and dedication of our team that we’re able to roll out a 30-seat aircraft demonstrator with a brand-new propulsion system, largely inhouse, in less than two years. “
With a commanding 32-meter wingspan, the demonstrator, named Heart Experimental 1 (Heart X1), will serve as a platform for rigorous testing and development of Heart's ES-30 aircraft.
Initially, the HX-1 will be used for ground-based testing, focusing on charging operations, taxiing, and turnaround procedures. It is scheduled to undertake a fully electric first flight in the second quarter of 2025. In preparation for this flight, Heart will over the coming months, test critical systems by running hardware tests both on and off the airplane.
Development of the Heart X1 has been funded in part by grants provided by the Swedish Innovation Agency, Vinnova, highlighting the essential collaboration between government and industry that is needed to bring new aviation technologies to market.
"Developing innovative net zero aerospace technologies demands a revolution in product development and manufacturing, much like what we've witnessed in the automotive and space industries," said Ben Stabler, Chief Technology Officer at Heart Aerospace.
Building on the experience of developing the Heart X1, Heart is now focused on creating a state-of-the-art aircraft manufacturing process that leans into the latest technologies in composite manufacturing and product lifecycle management, building a data-driven assembly line with high repeatability, automation and non-destructive inspection.
Heart’s next step in developing the ES-30 is the building of a pre-production prototype, the Heart X2, which will further mature the design and production methods based on lessons learned from the Heart X1.
The Heart X2 is scheduled for a hybrid-electric flight in 2026 and will demonstrate the company’s Independent Hybrid propulsion system. In August, Heart Aerospace was selected for a $4.1 million grant by the Federal Aviation Administration’s (FAA) Fuelling Aviation’s Sustainable Transition (FAST) program to develop the management system for the hybrid-electric propulsion.
This momentum will continue with the establishment of a pilot manufacturing plant to accelerate prototyping toward the manufacturing of a fully conforming aircraft, with Heart targeting type certification of the ES-30 by the end of the decade.
The ES-30 is a regional hybrid-electric airplane with a standard seating capacity of 30 passengers, which promises to deliver unparalleled sustainability and efficiency on short-haul routes. With an electric zero-emission range of 200 kilometres and an extended hybrid range of 400 kilometres.
For more details join our live stream presentation at 13.00 CET, September 12[th].
More images and video can be found here .
For media inquiries, please contact:
Heart Aerospace
Email: press@heartaerospace.com
Phone: +46 728 889 610
The two, almost identical wind farms, are located off the Danish west coast and consists in total of 41 wind turbines, each with a capacity of 8.4 MW. Both farms are entirely within Danish waters with the turbines placed between 5.5 to 10 kilometres from the shore.
“We’re excited to welcome Vesterhav Nord and Vesterhav Syd to our offshore wind portfolio. By investing in additional offshore capacity, we’re making a tangible impact on Denmark’s energy independence while benefiting the local community. The Vesterhav projects will also help balancing the Danish electricity system as a whole. These new wind farms reinforce our commitment to delivering fossil-free energy and driving the transition towards a fossil-free future,” says Helene Biström, Head of Business Area Wind at Vattenfall.
“The opening of these two wind farms strengthens Vattenfall’s presence in Denmark, bringing our total offshore wind capacity to 1.5 GW. This reflects our ongoing commitment to the offshore wind industry in Denmark and across Europe. Vesterhav Nord and Vesterhav Syd are also making a positive difference in the local community by creating jobs and supporting the regional economy. We are very pleased with what we have accomplished, together with our suppliers and the regional government”, says Anne Mette Traberg, Country Manager, Vattenfall Denmark.
Facts about Vesterhav Nord and Vesterhav Syd:
· Combined installed capacity of 344 MW: 168 MW at Vesterhav Syd and 176 MW at Vesterhav Nord. · Electricity production of 1.5 TWh, equal to the annual consumption of 350,000 Danish households, according to the Danish Energy Agency. · The two wind farms consists of 20 and 21 turbines respectively with a capacity of 8,4 MW each. · Each turbine tower stands at 100 metres and each turbine blade is 81.4 metres long. · Operations and service will be carried out from Vattenfall’s service facility at Hvide Sande Port.
For more information, contact:
Rasmus Helveg Petersen, Head of Communication Denmark, +45 31 53 86 87 rasmushelveg.petersen@vattenfall.com
Vattenfall Press Office, +46 (0)8 739 50 10
press@vattenfall.com
Cognitive Stimulation Therapy (CST): The best kept secret for better dementia treatment
In August this year, The UK National Health Services (NHS) released its new Right Care guidance, directing the country’s health care system on how to best organize and spend resources. The guidance emphasizes the need for improved care pathways and specifically mentions the importance of evidence-based interventions like Cognitive Stimulation Therapy (CST) for dementia. Dementia affects approximately 1 million people in the UK and represents a severe and growing burden on the healthcare system and on society as a whole.
CST is an intervention therapy, which has demonstrated clinical benefits for people with dementia corresponding to a 6-month delay in cognitive decline and better quality-of-life. However, despite growing recognition of its strong potential, adoption of the therapy remains relatively low due to several barriers, including lack of healthcare personnel resources and logistic barriers.
Brain+ A/S (“Brain” or the “Company”) is on track to release the CST-Assistant as a Medical Device Software on the UK market by end September 2024 to offer CST at scale. The product-market fit of the product was earlier in 2024 validated in a clinical trial conducted at two AgeUK sites and its relevance endorsed by Professor Amy Spector, the founder of CST.
Devika Wood, new UK-based Chief Commercial Officer at Brain+, stated:
“Based on our initial commercial outreach on the UK dementia care market, I believe CST to be the best kept secret for better dementia treatment. Even if CST has the highest adoption rate in the UK of any country in the world, still the documented benefits and enormous potential of this therapy are unknown to many in the healthcare system. The ability of our CST-Assistant to standardize high-quality and scalable CST delivery aligns perfectly with the new Right Care principles of providing appropriate, timely, and effective care for people with dementia. We have set a commercial plan which targets 104 NHS Services primed for CST adoption and our sales targets are backed by concrete market demand.”
UK commercial plan targeting selected NHS institutions to be executed by UK team with strong healthtech sales track-record
Together with the leading UK based healthtech commercial advisor, Quiddity Health, Brain+ has developed a vetted commercialization strategy for the CST-Assistant in the UK market.
To execute the strategy, an in-house UK-based Brain+ commercial leadership team is now in place, led by Devika Wood, new Chief Commercial Officer. Devika brings a strong track record of successfully scaling healthtech solutions in the UK and beyond, having delivered multi-million pounds contracts and exponential revenue growth in her previous ventures. Complementing Devika is Fiona Costello, new SVP of Partnerships. Fiona has extensive experience in forging strategic business partnerships with UK national healthcare providers and penetrating complex healthcare markets, and she has driven the adoption of innovative health technologies across international health systems.
The commercial team has developed a targeted UK commercial plan, focused initially on selling the CST-Assistant as a Software-as-a-Service (SaaS) product to NHS Trusts as the primary target market. The plan focuses on 104 NHS institutions primed for scaling their delivery of CST to people with dementia. The selection criteria for the first wave of sales targets are threefold, so focus will initially be on dementia care institutions, which have 1) existing CST offering and therapeutic knowhow, 2) a strong digital health adoption track record, and 3) a dedicated dementia care strategy. Sales conversations with NHS trusts are conducted primarily by the SVP of Partnerships, while other target segments, like public and private Care Homes and Insurance companies, are handled by the CCO. In-depth specialist conversations will be supported by the full Brain+ team.
Key 2024 milestones in UK commercial plan:
· September – Launch new Brain+ branding and awareness campaign to increase and accelerate awareness of our unique approach and CST offering in our target market · September – Introduce the CST-Assistant as a new Medical Device Software to offer scalable CST. Following commercial release of the CST-Assistant, targeted outreach to identified key CST stakeholders and decision makers in selected NHS trusts will begin. · October - Publish White Paper on the CST-Assistant, highlighting the benefits of our product as a new and innovative approach to high-quality and scalable CST delivery that actively addresses the current barriers to adoption in the UK · October - Launch webinar with key partners and CST advocates for an introduction to CST and the CST-Assistant, bringing the white paper and its core messaging to life. · November/December – Build pipeline of active customer leads among NHS Trusts · November/December – Close the first UK sale in the form of ‘evaluation track’ type of contract with NHS trust, in range of 10.000-30.000 pounds. Such early contracts are expected to set the basis for transition into larger, recurring SaaS contracts from 2025
Projected strong UK sales trajectory for 2025-2027
Brain+ has progressed according to plan following the launch of its UK focused commercial strategy in Q1 2024 and is now on the brink of commercialization in the UK. With a UK dementia market ripe for scalable CST adoption, the CST-Assistant validated and ready for launch as a Medical Device Software, and a targeted commercial plan in place to be executed by an experienced commercial team, scalable sales and proof-of-business are within reach.
Concretely, Brain+ has the following sales projections for the coming years:
· 2024: Close early NHS ‘evaluation track’ contract(s) with a combined UK sales value of DKK 0.15-0.2 million · 2025: Close additional sales contract to reach DKK 7-8 million in recurring revenue by end year. · 2026: Scale sales to a level of DKK 11-12 million in recurring revenue · 2027: Reach a level of DKK 25-27 million in recurring revenue
The sales projections are supported by a plan of releasing additional Brain+ CST products in 2025 and 2026 to further scale the company’s healthtech offerings through remote delivery of the therapy and interacting with people at home. The ability of Brain+ to execute on its UK commercial plan and meet the sales targets will also depend on the level of funding available for the Company until expected operational break even by late 2026.
Contact Information
CEO and Co-founder: Kim Baden-Kristensen, + 45 31 39 33 17 (SMS), kim@brain-plus.com
Winner North America:Air Canada AeroplanWinner Middle East and Africa:Qatar Airways Privilege ClubWinner Asia Pacific:Cathay Pacific Asia Miles
"This is just an incredibly proud day for all of us at Loyal Solutions. To witness 3 of our close partners being named the best program in their region is so gratifying and such a motivation for all of us. We understand that Loyal Solutions is only one part of the equation, but we are proud to have contributed in some way to our clients success. For us, it is yet another confirmation of the value our market leading SaaS platform, LoyalTfacts, is creating for our partners.
A big thank you to everyone at Loyal Solutions for your hard work and commitment every day, enabling us to deliver solutions and technology which in turn enables our clients to offer Award winning solutions. A huge congratulation to Air Canada, Qatar Airways and Cathay Pacific on this achievement, we will do our very best to assist in you repeating next year, and the following, and the following.... " Says Peter Kisbye, CEO at Loyal Solutions.
Read the full article on CNN Travel here
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This is the sixth restaurant in the Nordics where Nordic Service Partners and KFC have chosen Prisma Properties as their development partner.
"Häggvik is a fast-growing part of Sollentuna, and this project will further enhance the dining options for the local community. The fact that KFC has once again chosen Prisma as a partner is a clear sign of our ability to deliver quality," says Carsten Krebs, CDO of Prisma Properties.
"This will be our seventh KFC location in Stockholm, and we’re looking to hire about 50 new employees. We’re excited to bring our tasty offerings to even more chicken lovers," says Johan Persson, CEO of Nordic Service Partners.
The new restaurant is set to open in Q4 2024.
For further information, please contact:
Carsten Krebs, CDO Prisma Properties
carsten.krebs@prismaproperties.se+46 73-311 89 62
NOTE Lund AB is a subsidiary to the listed company NOTE AB, a leading Northern European manufacturing partner with an international platform for manufacturing electronic-based products that require high technological expertise and flexibility. The Group has some 1,500 employees, 140 of whom work at NOTE Lund.
The new facility will comprise offices, production and warehouses with the aim of being certified in accordance with Miljöbyggnad Guld. The building encompasses a total of 11,900 square metres, which will allow for additional tenants, and will become Wihlborgs’ second building in the area following Tomaten 1, which was constructed for the contract manufacturer Inpac.
Hasslanda is a business district in Lund that has developed in conjunction with the creation of the new exit to the E22 motorway. The area is south of Gastelyckan and north of bordering Staffanstorp Municipality. The Stora Råby 32:22 property is located at the very south of the area and right by the exit to the E22 motorway.
As a result of the project, Wihlborgs will acquire 17,200 square metres of land from the City of Lund. The investment, including the land acquisition, amounts to SEK 263 million.
“Our factory in Lund has grown substantially over the past few years, and we’re looking forward to moving to a new fit-for-purpose factory that will support our operations’ continued expansion going forward,” says Henrik Andersson, CEO of NOTE Lund.
“We are looking forward to developing a modern facility with high sustainability standards for NOTE, which is a well-established and important company here in Lund. The project also helps us to strengthen our presence in Hasslanda, which is an attractive neighbourhood, and there is a substantial shortage in the warehouse and production segment,” says Ulrika Hallengren, CEO of Wihlborgs.
Wihlborgs Fastigheter AB (publ)
On September 13, 2024, the Autoliv Board of Directors appointed Ms. Adriana Karaboutis as an independent director to the Autoliv Board of Directors effective immediately. With the addition of Ms. Karaboutis, Autoliv has expanded its Board size from eleven to twelve directors.
Ms. Karaboutis most recently served as Group Chief Information and Digital Officer of National Grid PLC, one of the world’s largest public utility companies, a position she held from 2017 to 2023. She previously served as Executive Vice President, Technology, Business Solutions and Corporate Affairs at Biogen Inc., a global biotechnology company, overseeing Business Solutions from 2014 to 2017 with incremental responsibility for Corporate Affairs from 2015 to 2017. Prior to that, Ms. Karaboutis was Vice President and Global Chief Information Officer of Dell, Inc., a global technology company from March 2010 to September 2014.
Ms. Karaboutis previously spent more than 20 years at General Motors Company and Ford Motor Company in various international leadership positions, including computer-integrated manufacturing, supply chain operations, and information technology. Ms. Karaboutis has served on the board of directors of Perrigo Company plc, since May 2017, Aon plc, since September 2022, and Savills plc, since March 2024, and previously served on the boards of directors of Aspen Technology, Inc., Advance Auto Parts, Inc., and Blue Cross Blue Shield of Massachusetts. She served as president of the Michigan Council of Women in Technology from 2008 to 2010 and was a board member of the Manufacturing Executive Leadership Forum from 2009 to 2014. Ms. Karaboutis also served on the Babson College advisory board for the Center for Women’s Entrepreneurial Leadership.
“I am very pleased to welcome Adriana to the Autoliv Board of Directors,” said Jan Carlson, Chairman of the Board of Directors of Autoliv, Inc. “Adriana’s solid industry experience and public company leadership is a welcome addition to the Autoliv Board at a dynamic time for Autoliv and the automotive industry.”
Ms. Karaboutis is appointed for a term expiring at the 2025 Annual General Meeting of Stockholders at which time the Board is expected to contract to eleven members with the retirement of Mr. Hasse Johansson.
Inquiries:
Media: Gabriella Etemad, Tel +46 (70) 612 64 24Investors & Analysts: Anders Trapp, Tel +46 (0)8 587 206 71Investors & Analysts: Henrik Kaar, Tel +46 (0)8 587 206 14
About Autoliv
Autoliv, Inc. (NYSE: ALV; Nasdaq Stockholm: ALIV.sdb) is the worldwide leader in automotive safety systems. Through our group companies, we develop, manufacture and market protective systems, such as airbags, seatbelts, and steering wheels for all major automotive manufacturers in the world as well as mobility safety solutions, such as pedestrian protection, connected safety services and safety solutions for riders of powered two wheelers. At Autoliv, we challenge and re-define the standards of mobility safety to sustainably deliver leading solutions. In 2023, our products saved 35,000 lives and reduced more than 450,000 injuries.
Our 70,000 associates in 25 countries are passionate about our vision of Saving More Lives and quality is at the heart of everything we do. We drive innovation, research, and development at our 14 technical centers, with their 20 test tracks. Sales in 2023 amounted to $10.5 billion. For more information go to www.autoliv.com.
Safe Harbor Statement
This report contains statements that are not historical facts but rather forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements include those that address activities, events or developments that Autoliv, Inc. or its management believes or anticipates may occur in the future. All forward-looking statements are based upon our current expectations, various assumptions and data available from third parties. Our expectations and assumptions are expressed in good faith and we believe there is a reasonable basis for them. However, there can be no assurance that such forward-looking statements will materialize or prove to be correct as forward-looking statements are inherently subject to known and unknown risks, uncertainties and other factors which may cause actual future results, performance or achievements to differ materially from the future results, performance or achievements expressed in or implied by such forward-looking statements. Numerous risks, uncertainties and other factors may cause actual results to differ materially from those set out in the forward-looking statements, including general economic conditions and fluctuations in the global automotive market. For any forward-looking statements contained in this or any other document, we claim the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995, and we assume no obligation to update publicly or revise any such statements in light of new information or future events, except as required by law.
The new route operates three times a week, allowing travellers a convenient schedule to explore Las Vegas’s world-class entertainment, fine dining, and attractions. The flight is served by the airline’s state-of-the-art Boeing 787 Dreamliners, ensuring passengers enjoy a comfortable and relaxing journey. With fares starting from £299* return, including taxes, Norse Atlantic Airways remains committed to offering affordable long-haul travel experiences without compromising on comfort or service.
“We are delighted to see such an incredible response to our new London to Las Vegas route. The fact that the inaugural flight was completely sold out underscores the strong demand for affordable, direct transatlantic travel. Las Vegas is a destination like no other, and we are excited to offer our passengers the opportunity to experience the magic of this iconic city combined with exceptional value,” said Bjorn Tore Larsen, Norse Atlantic Airways CEO and Founder.
“Norse Atlantic Airways is an exciting addition to our airline carriers at Harry Reid International Airport,” said Rosemary Vassiliadis, Clark County Department of Aviation Director. “Domestic and international travel has been booming with more than 57.6 million passengers served in 2023, and the U.K. continues to be one of the top three international visitor markets to the destination. The addition of convenient flight options ensures more business and leisure travelers can enjoy the sports and entertainment capital of the world.”
Steve Hill, CEO and President of the Las Vegas Convention and Visitors Authority, said: "Congratulations to Norse Atlantic Airways on their inaugural flight from London to Las Vegas. We are thrilled to welcome Norse and this new route, which strengthens our connection with the UK, our number one source of overseas visitation. This Norse Atlantic flight offers travelers a convenient and affordable way to experience the world-class entertainment, dining, and attractions that make Las Vegas a global destination.”
As Norse Atlantic continues to expand its global footprint, the airline aims to connect key transatlantic destinations with affordable, high-quality air travel. The addition of Las Vegas to its network reinforces the airline’s goal of making travel more accessible and enjoyable for everyone.
Norse Atlantic exclusively operates modern Boeing 787 Dreamliner aircraft. The cabin offers passengers a relaxed and comfortable travel experience with each seat including a personal, state-of-the-art entertainment experience. Our Norse Premium cabin offers an industry leading 43” seat pitch and 12” recline, allowing passengers to arrive at their destination feeling refreshed and ready to explore their destination.
Norse Atlantic offers two cabin choices: Economy and Norse Premium. Passengers can choose from a simple range of fares, Light, Classic and Flextra, that reflect the way that they want to travel, and which options are important to them. Light fares represent Norse’s value option, while Flextra fares include the maximum baggage allowance, two meal services and increased ticket flexibility.
All economy light bookings now also include a 10kg carry-on bag in addition to the personal under seat item, offering customers even greater value and convenience than before. The included carry-on bag policy only applies to bookings made from Monday 2nd September and directly on the flynorse.com website. For bookings made via third party different rules may apply.
For more information on Norse Atlantic Airways and to book flights, visit www.flynorse.com.
*£299 return fare is a promotional price currently available in the Norse Atlantic Airways sale and valid from 12[th] September 2024 for a limited period. Some periods may be subject to blackout restrictions. This promotion is subject to availability, it may not be available on every flight. This promotion is only available for bookings made on selected routes and does not apply to connecting flights.
Already operating Bromma Airport from Trollhättan Värnersborg Airport, Västflyg will further expand and add another route serving the Swedish capital. Starting on October 2nd, they will operate Stockholm Arlanda Airport, further connection the western parts of Sweden with the capital, contributing to increased growth for business and offering a smooth transfer further out into the world.
- I’m very happy that Västflyg chooses to further expand and add another of Swedavias Airports to their offer. And a new domestic route is of course extra welcome, says Elizabeth Axtelius, Director Aviation Business at Swedavia. A strong domestic flight is essential for people to be able to meet across the country and have smooth connections to the rest of the world, whether traveling to meet friends and family, discover new places or on business, she says.
- We see that there is a strong demand to be able to travel from Trollhättan and further out into the world. Today, there are direct flights from Arlanda to many destinations that our immediate area cannot offer. This means that we are extra happy to be able to present Arlanda as a destination, which enables easier and faster travel for our customers, says Anna Petre, CEO of Västflyg.
The new direct line between Stockholm Arlanda Airport and Trollhättan Vänersborg will be operated twice a week, on Wednesdays and Sundays.
Further information about the program and range is available at www.vastflyg.se
For further information, please contact Swedavia’s press service at +46 (0) 109 01 00 or press@swedavia.se
About Västflyg
Västflyg is a local airline run by five local entrepreneurs. Västflyg's vision is a sustainable flight from Trollhättan-Vänersborg airport to lift the region. Air travel significantly shortens the travel time between Trollhättan-Vänersborg and thus creates the conditions for viable companies, jobs and a sustainable society even far outside of Stockholm.
Swedavia’s work for fossil-free aviationSwedavia has carried out ambitious climate work for many years. All ten of its airports achieved the goal of zero fossil carbon dioxide emissions from their own operations by year-end 2020. Swedavia also works actively to promote the switch to sustainable aviation fuel (SAF) and has the goal that five per cent of all fuel used for refueling at Swedish airports shall be fossil-free by 2025. Swedavia’s climate transition work and its pioneering work to operate climate-smart airports have won international awards, and in 2021 the trade organization Airports Council International (ACI) named Stockholm Arlanda Airport Eco-Innovation Airport of the Year. Swedavia offers all passengers flying from one of Swedavia’s airports the option to purchase SAF for all or part of their journey via flygreenfund.se/swedavia.
Swedavia is a group that owns, operates and develops 10 airports throughout Sweden. Our role is to create the connectivity that Sweden needs to facilitate travel, business and meetings. Satisfied and safe travelers are the foundation of Swedavia's business. Swedavia is a world leader in the development of airports with the least possible climate impact. Since 2020, Swedavia's own airport operations have been fossil-free at all ten airports. The group's turnover in 2023 was approximately SEK 5.9 billion and approximately 2,600 employees.
Biowater Technology is an engineering and construction company specialized in wastewater treatment, based in Tonsberg, Norway. With the acquisition of Biowater Technology, Uniwater expands its offering into new markets and adds cutting-edge solutions for water and wastewater treatment to the portfolio.
– We are thrilled to welcome Biowater Technology to the Uniwater group. This acquisition aligns with our vision of leveraging specialized technologies and expertise to address water challenges in communities in a global context. Together, we are well-positioned to drive innovation and expand our offerings to a wider customer base, says Pål Warolin, CEO, Uniwater Group.
Founded in 2007, Biowater Technology has a strong focus on innovation and product development, including next generation biofilm solutions for efficient wastewater treatment. Mainly operating in Norway and Sweden where they deliver turnkey solutions, the team also have reoccurring engineering projects and product sales globally in Brazil, Canada, Finland and Switzerland.
– We are delighted to join Uniwater, a like-minded future focused group with exciting ambitions. With strong new ownership, we are dedicated to developing a valuable organization in Norway that solves future treatment challenges. We look forward to opportunities within the Uniwater family whilst continuing to be a prominent process specialist, technology developer and contractor, says Ilya Mario Savva, CEO, Biowater Technology.
The transaction is subject to customary regulatory approvals and is expected to close during the fourth quarter 2024.
About Biowater TechnologyBiowater Technology is an engineering and construction company, that design and develop biological solutions for wastewater treatment. The company is led by CEO Ilya Mario Savva and has 45 employees.
Learn more about Biowater Technology here: https://www.biowater.no/
Under the terms of the wet lease agreement, BRA will operate several aircraft on behalf of SAS, providing capacity on key domestic routes in Sweden as well as feeding into the Copenhagen hub. The partnership will ensure SAS’s ability to meet domestic demand while optimizing operations and improving regional air services across the region, ensuring greater connectivity and more options for travelers.
Expanding reach
The wet lease partnership is an important step towards providing passengers across Sweden with reliable and efficient air travel options. BRA, known for its commitment to service excellence, will operate its fleet on behalf of SAS, allowing for seamless integration into SAS’ existing operations. Building from Arlanda Airport, this partnership strengthens Swedish infrastructure, connecting local communities to the world and fostering greater global accessibility and opportunities.
SAS CEO, Anko van der Werff, commented: “This new partnership with BRA is a testament to our long-term commitment to Sweden. By integrating BRA's expertise and fleet, we are not only enhancing Swedish infrastructure but also positioning Arlanda as a stronger central hub for domestic and international travel. This collaboration will significantly improve connectivity, allowing us to offer more seamless and frequent services between major cities and regional destinations. As a result, Arlanda will become an even more vital gateway, supporting both business and leisure travelers with greater convenience while we maintain our focus on sustainability and operational efficiency. We are excited to work closely with BRA in the coming years to realize these ambitions."
BRA Chairman, Per G. Braathen, added: "We are proud to enter into this partnership with SAS, Scandinavia’s leading airline. By leveraging our experience and modern fleet, we will be able to contribute to securing domestic air connectivity in Sweden, which is critical for economic growth and regional development. Together with SAS, we aim to provide the best possible travel experience for passengers across the country."
A sustainable future for air travel
Both SAS and BRA share a strong commitment to sustainability and reducing the environmental impact of air travel. This collaboration therefore not only strengthens domestic connectivity but also supports SAS ambition to be a driving force behind the critical transition to sustainable aviation together with other stakeholders and partners.
Ann-Sofi Jönsson is currently Head of Investor Relations, Group Risk Management and Sustainability at Munters Group AB, and has previously held similar positions within Saab, ABB AG, Accenture AG and Siemens Building Technologies. She will report to Therese Friberg, Chief Financial Officer of Electrolux Group.
With Seattle added to the network, SAS will offer nonstop flights to 11 North American gateways, further enhancing its global connectivity from Copenhagen Airport, serving as a key international gateway to and from Scandinavia and Northern Europe.
“We are excited to expand our North American network with Seattle. The route from Copenhagen will provide more travel options for our customers and strengthen the connection between Scandinavia and the Pacific Northwest, a region of growing economic importance with deep Scandinavian roots”, says Anko van der Werff, President & CEO of SAS.
Seattle is one of the wealthiest cities in the U.S. and has maintained deep and proud connections with Scandinavia dating back to the early 1900s. These ties have been shaped by waves of Nordic immigrants who brought their culture, skills, and entrepreneurial spirit to the region, leaving a lasting impact on the city's identity and economy.
“This new addition to our network further expands our global reach and underscores our commitment to providing travelers with more direct route options. Seattle has been a highly requested destination by our customers, and we are excited to respond to their needs by launching this route. Additionally, Seattle’s growing cargo operations make this expansion even more strategically valuable”, van der Werff continues.
Copenhagen-Seattle will start operations on May 21. Schedules have been designed to maximize connectivity with the rest of the SAS Network, offering seamless one-stop access to and from 39 European cities via Copenhagen. Key destinations such as Berlin, Helsinki, Milan, and Zurich will be among the cities benefiting from this enhanced connectivity.
Seattle-Tacoma International Airport (Sea-Tac) handled 50.9 million passengers in 2023 and passenger traffic at Sea-Tac is expected to continue growing.
Seattle is one of several new routes that SAS will announce soon.
Gothenburg, 17 September 2024: The Board of Directors of SKF has decided to initiate a separation of its Automotive business with the objective of a separate listing on Nasdaq Stockholm through a Lex Asea distribution to its shareholders. The intention is to list the Automotive business on Nasdaq Stockholm during first half of 2026.
Given different business dynamics, end markets and success drivers for the Industrial and Automotive business segments, a separation will facilitate a clearer focus on distinct opportunities to enhance customer value, accelerate growth as well as improve efficiency and competitiveness.
“Both businesses are global leaders in their respective fields and will through a clearer focus increase customer value and leverage on their strategies as standalone companies. The Board of Directors and Management therefore believe that long-term value can be created by splitting the Group into two separate companies, benefiting customers, employees and shareholders”, says Hans Stråberg, Chair of SKF Board of Directors.
A separation would increase Automotive’s ability to adapt faster to transforming global automotive markets, by allowing it to make independent business decisions and investments. A more tailored, leaner Automotive business model will further strengthen its competitive advantage and capture additional profitable growth opportunities, while at the same time accelerating its profitability transformation.
“When we launched our new business strategy in February 2022, we articulated a desire to create a more autonomous Automotive business to provide strategic flexibility. I also said that we need to take bold decisions to unlock additional long-term profitable growth opportunities. Initiating a separation of the Automotive business is one of those decisions,” says Rickard Gustafson, President and CEO.
A more focused Industrial company will be even better equipped to develop and execute its strategy and allocation of resources. By connecting operations more towards its industrial customers’ needs, it will cater for accelerated growth, improved efficiency, increased responsiveness and enhanced end-user experiences. The SKF Group will strengthen its long-term position as a global industrial focused technology leader delivering customer value through high quality and sustainable solutions.
It is the intention to separate SKF’s current Automotive business. As a reference for the full-year 2023, net sales for the Automotive segment amounted to SEK 30 billion with an adjusted operating margin of 5.6%. The corresponding figures for the Industrial segment were SEK 73 billion and 15.4%, respectively.
The Board of Directors intends to present a proposal for the distribution and listing of the Automotive business at a shareholders meeting in 2026. If the shareholders and other stakeholders approve of such a proposal, AB SKF shareholders will receive shares in the Automotive business in proportion to their existing shareholding in AB SKF. The intention is then to list the Automotive business on Nasdaq Stockholm during the first half of 2026.
The distribution of the Automotive business is foreseen to meet the requirements of Lex Asea, meaning that the receipt of the shares distributed should be exempt from Swedish tax.
Further details will be provided in due course.
A webcast for media and investors will be held on 17 September at 15:30 (CET). Access the webcast via the link or call in using the dial in details below:
Link to webcast: https://www.investis-live.com/skf/66e2a1bc26e9bc1200f9b061/paretSweden: +46 (0)8 5051 0031UK / International: +44 (0)207 107 0613
Aktiebolaget SKF (publ)
Information in this press release contains information that AB SKF is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out below, on 17 September 2024 at 12.00 CET.
For further information, please contact:Press Relations: Carl Bjernstam, +46 31-337 2517; +46 722 201 893; carl.bjernstam@skf.comInvestor Relations: Sophie Arnius, +46 31-337 8072; +46 705 908 072; sophie.arnius@skf.com
"This announcement means that domestic flights will be concentrated at Stockholm Arlanda Airport, which will create conditions for more efficent domestic air travel with better transfer possibilities in the long term. At the same time, Bromma Stockholm Airport will basically have no regular traffic, says Jonas Abrahamsson, Swedavia's President and CEO, and continues:
"We will now adapt our operations at the airport based on the new traffic structure. This will be carried out in close dialogue with employees affected by the change. Bromma is an efficient and well-maintained airport that is appreciated by many passengers. But it is no secret that the capacity utilisation at Bromma has been too low for several years. Concentrating air traffic at Stockholm Arlanda is therefore a natural step. This changes the conditions for the operation of Bromma and raises policy questions regarding the airport's future.
For more information, contact Swedavia's press office at +46(0)10-109 01 00 or press@swedavia.se
The Swedavia Group owns, operates and is developing 10 airports throughout Sweden. Our role is to create the connectivity Sweden needs to facilitate travel, business and meetings. Safe, satisfied passengers are the foundation of Swedavia’s business. Swedavia is a world leader in developing airports with the least possible environmental impact. Since 2020, Swedavia’s own airport operations have been fossil-free at all ten airports. In 2023, the group had sales of approximately SEK 5.9 billion and has approximately 2,600 employees.
Today, SAS presents 15 new routes from Copenhagen, including a new long-haul route to Seattle. Adding several new direct flights from Copenhagen to popular European and Intercontinental destinations will support greater growth for both SAS and all of Scandinavia as a global hub.
Copenhagen Hub Expansion
The new routes introduced in the summer schedule are Krakow, Madrid, Budapest, Lyon, Valencia, Malta, Bucharest, Milan Linate, Seville, Turku, Billund, Kristiansand, Harstad/Narvik and Bodø. Furthermore, there will be a frequency increase on 15 of the existing routes, including key destinations such as Stockholm, Oslo, Prague, Berlin and Helsinki, solidifying Copenhagen's position as a global hub.
With the recent entry into SkyTeam, SAS is focusing on global reach and will continue to develop Copenhagen as its main hub for international travel. Copenhagen’s attractive location in continental Europe allows for efficient same-day travel across Northern, Central, and Western Europe. The hub will also serve as a key transit point for long-haul travel, connecting Europe with North America and Asia.
“Following new ownership and the successful completion of our restructuring, SAS is emerging as a competitive and financially strong airline. By enhancing Copenhagen as our main hub and expanding our network, we are boosting connectivity and driving economic growth not only in Denmark but across Scandinavia. As we focus on building a global hub in Scandinavia, Copenhagen will become a central gateway, bringing the region even closer together,” says SAS CEO Anko van der Werff.
“For our passengers, this means more travel options, improved convenience, and a seamless experience across a growing number of destinations”, van der Werff continues.
Enhanced Connectivity for Oslo and Stockholm
SAS continues to offer robust services from Oslo and Stockholm. Oslo Gardemoen will maintain up to 125 daily departures to more than 60 destinations, focusing on regional and European travel. Additionally, starting in the summer of 2025, SAS will introduce a new seasonal route between Oslo and New York (JFK), enhancing transatlantic connectivity.
Stockholm Arlanda, with more than 70 direct routes and 120 daily departures, will remain an important gateway for European and intercontinental travel, supported by SAS' newly announced partnership with Braathens Regional Airways AB (BRA) which will optimize regional air services.
As SAS enhances connectivity and shares more developments later this year, the airline is positioned to be a driving force behind the critical transition to sustainable aviation together with other stakeholders and partners. Supporting the company’s sustainability goals, new routes will feature fuel-efficient, modern aircraft, reducing emissions while expanding the network.
The project involves the construction of a new 10,300 square-meter (111,000-square-foot) multidisciplinary research and teaching building on the university's Denton campus. This state-of-the-art facility will fulfill a critical need for more modern facilities that support collaborative and interdisciplinary research on the campus. The new building will expand research space for areas such as biology, biomedical engineering, chemistry, physics, data science, and computer science and engineering while creating experiential learning opportunities for students. The building will be constructed with a cast-in-place structure and showcase a façade combining masonry, curtain walls, and metal panels.
Work is beginning in September 2024 and is expected to reach completion in October 2026.
Felix ketchup, produced by the Orkla Group in Fågelmara, began to be shipped to Finland using green biofuel in July. The transport chain starts at the biggest ketchup factory in the Nordic region, with Scandic Trans lorries from Korsholm driving to Viking Line’s terminal in Stadsgården, Stockholm. The lorries then cross the Archipelago Sea on the climate-smart Viking Glory and Viking Grace and deliver their load to Orkla’s logistics centre in Turku.
Thanks to the biofuel, carbon dioxide emissions along the 683 kilometre long transport chain are reduced by 90 per cent compared to fossil fuel. Scandic Trans refuels its lorries with biofuel produced from hydrotreated vegetable oil (HVO), while Viking Line buys liquefied biogas (LBG) made from organic waste from Gasum to cover fuel use during transport.
“At Orkla’s companies, large volumes of food products are transported between the Nordic countries. The biogas project on this bustling route is one step in our sustainability journey. Our goal is to cut our greenhouse gas emissions in half by 2030 compared to 2016. Reducing our environmental impact is part of our day-to-day development work. So it was fantastic how easy it was for us as a cargo customer to make the switch to this green maritime corridor,” says Mauri Suuronen, Planning and Logistics Manager at Orkla Suomi.
For each shipment, carbon dioxide emissions are reduced from 1,512 kilogrammes to 102 kilogrammes. That means an annual decrease in emissions of about 190 tonnes.
“Lowering emissions has long been a key issue for road transport, so we have focused on introducing HVO biofuel. Now that it is also possible to use biofuel in the maritime part of the transport chain, the emissions reduction is revolutionary. And the most important thing is that biofuel can be used on a large scale, and the environmental impact can be reported for each transport mode. The transport sector’s reputation is not the best on environmental issues, so it is important to show that sustainable alternatives are available,” says Mikael Löfqvist, CEO of the transport company Scandic Trans.
Viking Glory and Viking Grace currently operate mostly on liquefied natural gas (LNG), but they were built from the very start to run on the bio and synthetic fuels of the future.
“We have invested a total of 450 million euros in our climate-smart vessels. As a result, we have now successfully launched scheduled freight service using biofuel in partnership with Orkla Suomi and Scandic Trans. This is a fantastic and important demonstration of the power of cooperation on sustainability measures – this requires supply and demand, and naturally a shared willingness to take climate-smart actions. This green freight corridor has attracted enormous interest across the Nordic region, and it is only a matter of time before more companies sign up,” says Harri Tamminen, Freight Director at Viking Line.
For a year now, Viking Line has offered its passengers and conference customers the possibility of buying biogas equivalent to the amount used on their journey, thus reducing emissions from their travel by 90 per cent. This year, the company celebrated Baltic Sea Day by purchasing biofuel used on the Turku route for an entire week.
For further information:
Harri Tamminen, Freight Director, Viking Lineharri.tamminen@vikingline.com, tel. +358 40 848 1105
Mikael Löfqvist, CEO, Scandic Transmikael.lofqvist@scandictrans.fi, tel. +358 40 679 1011
Lotta Roitto, Communications Manager, Orkla Suomilotta.roitto@orkla.fi, tel. +358 40 747 0871
Johanna Boijer-Svahnström, Senior VP, Corporate Communications, Viking Linejohanna.boijer@vikingline.com, tel. +358 18 27 000
Doug Schwartz has extensive experience in the U.S. forest and paper industry, including serving in key leadership roles at companies such as Sonoco Products Company (Sonoco), International Paper and Champion International Corporation. He most recently held the position of Vice President and General Manager, Rigid Paper Containers at Sonoco.
“I am very happy that Doug, with his proven track record, will now lead our North America operations, which are integral to Billerud’s business and growth strategy. Together with our competent American team, he will continue our commitment to serve our customers by delivering our core products—graphic paper, specialty papers, and pulp, as well as cartonboard and other packaging materials. At the same time, he will lead the team in identifying strategic product development initiatives to diversify and expand our product portfolio," says Ivar Vatne, Billerud CEO and President.
“I am honored to have the opportunity to join Billerud North America as President. With an industry experience of more than three decades – and a strong team in place – I hope to bring new perspectives that build upon the strong foundation already established and capture new opportunities to achieve sustainable and profitable growth,” says Doug Schwartz, incoming President Billerud North America.
For further information, please contact:Robert Pletzin, Director Global Media Relations, Billerud, +46 72516 86 06,robert.pletzin@billerud.com
The information was submitted for publication, through the agency of the contact person set out above, at 14.00 CEST, 18 September 2024.
In the five years since EQT’s listing on Nasdaq Stockholm, EQT has quadrupled revenues and had a fivefold increase in its market cap to USD ~40 billion. At its capital markets event, EQT will reflect on its long term growth priorities, its distinctive value creation approach, and the future of private markets.
The event will be hosted by EQT’s CEO Christian Sinding, representatives from EQT’s Executive Committee and EQT’s Partner group. Presentations and Q&A will begin at 10.00 am ET, and be followed by lunch, featuring remarks from EQT’s Founder & Chairperson, Conni Jonsson. The event will take place at The Times Square EDITION, and it is expected to conclude by 1.30 ET.
Attendance is primarily intended for institutional shareholders, analysts, financial advisors, and media. Please register here .
We look forward to welcoming you!
Contact
Olof Svensson, Head of Shareholder Relations, +46 72 989 09 15EQT Press Office, press@eqtpartners.com, +46 8 506 55 334
EQT is pleased to announce that the EQT Mid Market Europe fund (“EQT”), together with its co-shareholders, have agreed to sell Open Systems (“Company”) to Swiss Post.
Headquartered in Zurich, Switzerland, Open Systems delivers network and cyber security capabilities in a single cloud-based platform known as Secure Access Service Edge (SASE). Open Systems’ innovative SASE Experience eliminates the complexity of secure global connectivity and network management, while providing seamless global 24x7 support. The Company plays a pivotal role in supporting customers globally in their network and cyber security transformation by offering a fully integrated, single-pane-of-glass cloud and software platform and supporting services.
EQT acquired a majority stake in Open Systems in 2017. During EQT’s ownership, the Company almost doubled its sales and more than tripled its EBITDA, while making substantial investments into its technology platform and transforming from a network-focused managed security services provider to a leading SASE player with extensive cyber security capabilities. Open Systems also built a Managed Extended Detection and Response (MXDR) division, which was carved out in 2023 and now operates as a standalone company under the brand Ontinue, which will be retained by EQT. Organic growth was complemented by three strategic add-on acquisitions, including Sqooba, a Swiss provider of data science, AI, cloud, and cyber services founded by the current Open Systems CEO Daniel Neuhaus.
As part of Swiss Post, Open Systems will continue its growth journey under the leadership of Daniel Neuhaus. With the acquisition, Swiss Post strengthens its role as provider of digital communication services by increasing its competences and know-how to support digitally connected businesses in Switzerland.
Daniel Neuhaus, CEO of Open Systems: "I would like to thank EQT for their support over the years and their hands-on involvement in our development. Swiss Post’s investment is a validation of our long-term strategy to become a leading SASE software provider with the best customer experience. With Swiss Post, we have found a sustainable partner in Switzerland who shares our values and will support us in continuously delivering best-in-class technology and services to our customers while continuing to drive innovation."
Philipp Woerner, Director within EQT Private Equity’s Advisory Team: “We have been continuously impressed by Open Systems’ track record of technological innovation in the network and cyber security space. Thanks to the dedication and commitment of the management team led by Daniel, Open Systems delivers attractive technology and services from Switzerland to its customers globally. We could not have imagined a better future home for Open Systems than Swiss Post to support continuing the strong development.”
Nicole Burth, CEO of Swiss Post Communication Services, said: "Open Systems strongly complements our existing offerings in the area of cybersecurity. The Company is an excellent cultural fit and supports our strategy to bring cybersecurity to our Swiss customers. This makes the network and communication of businesses more efficient and secures it with the unique cloud security solutions Open Systems provides."
The completion of this transaction is pending customary regulatory approvals and is anticipated to take place in Q4 2024.
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