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SKF completes previously announced divestment of L&AT business, resulting in a net gain of SEK 1.2 billion

Previously announced divestment results in a net gain of SEK 1.2 billion. Unrelated to the divestment, impairments of assets and customer settlement costs totalling approximately SEK 300 million to impact operating result in Q4 2018.Gothenburg, 3 December 2018: SKF has completed the previously announced divestment of its linear and actuation technology business to Triton. The total consideration of the divestment is SEK 2.75 billion on a cash- and debt-free basis. The closing of the divestment will have a positive effect on the operating result for Q4 2018 of SEK 1.2 billion.

Help with your Swedish tax returns—how to handle Sectra redemption shares 2018

Linköping, Sweden, December 3, 2018 – The 2018 Annual General Meeting of the international medical imaging IT and cybersecurity company Sectra  (STO: SECT B) resolved to carry out a redemption program  and SEK 4.50 per share was distributed to Sectra shareholders in October 2018. According to the general advice issued by the Swedish Tax Agency regarding the redemption program, 98.2% of the acquisition fees for an original Class A or Class B share in Sectra AB should be attributed to remaining shares and 1.8% to redemption

Oodi opens in Helsinki, marking a new era of libraries in the world’s most literate nation

Helsinki Central Library Oodi. Photo: Tuomas Uusheimo The flagship library for a nation of booklovers, Oodi sets a new standard for public libraries around the world. With a mandate to promote lifelong learning, active citizenship, democracy and freedom of expression, Oodi embraces technology and progressive values to provide a variety of innovative services alongside its lending collection of books. Oodi  – a new central library for Helsinki will open on the fifth of December 2018, a day before Finland marks its 101st anniversary as an

SATS selects Nepa for brand health measurement

Strong demand for brand tracking solutions from businesses of all sizesDate: Dec 3, 2018 Oslo, Norway Nepa, a leading Consumer Science company providing customer experience and marketing optimization solutions, is pleased to announce that SATS as a new brand health tracking client. The company will utilize Nepa’s solution to measure their brand’s health, which includes a footprint of 220 fitness centers in Norway, Sweden, Finland and Denmark. Rune Espedalen, Managing Director at Nepa’s Norwegian office said “We are excited to welcome SATS as a client and are looking forward to

ESS Campus is Underway

Photo: Roger Eriksson/ESS Today at the European Spallation Source (ESS) in Lund, Sweden, a groundbreaking ceremony was held for the ESS Campus buildings, which will accommodate staff and visiting researchers and support operation of the facility. The traditional first shovel of soil was turned by Agneta Nestenborg, Acting Director General ESS, Staffan Andersson, Regional Manager Skanska, and Lennart Björkman, CFO SKR Spallation/Skandrenting.  ESS Campus, sited immediately southwest of the facility’s Target Station, consists of three buildings providing work spaces,

Dignitana AB Publishes Information Memorandum

The Board of Directors of Dignitana AB (publ) hereby publishes an Information Memorandum on the announced rights issue. The Information Memorandum is attached here and is published today on the Company’s webpage, www.dignitana.com . The Board of Directors of Dignitana AB has resolved on 16 November 2018 to carry out a rights issue of approximately SEK 24.3M with preferential right for existing shareholders. The Information Memorandum informing about the rights issue is published on Dignitana’s webpage, www.dignitana.com 

Preem and Norwegian Biozin in collaboration on more renewable fuels

Preem and the Norwegian company Biozin AS have signed a cooperation agreement for large-scale production of biofuels with residues from the forest and wood industry. Initially, a new production plant will be built in Jordøya, Åmli municipality, Norway. The planned production plant is estimated to produce approximately 120 000 cubic meters of biozin® per year. Biozin® is an advanced durable biooil with very good durability data that can be refined on Preemraff Lysekil or Gothenburg for renewable content in fuels. The planned production plant in Jordøya is expected to be operational in

Cinkciarz.pl among the most successful Polish brands according to “List 2000"

Cinkciarz.pl, a part of the Conotoxia Holding Group, took 10th place in the latest edition of the “List 2000”. The ranking of the largest Polish enterprises is published by the influential newspaper “Rzeczpospolita”.Positions on the “List 2000” are determined by sales revenue. Cinkciarz.pl was ranked among the leading giants of Polish business, achieving last year's result of over 17 billion PLN.The creators of the rank estimated that in 2017 the companies listed achieved average revenue growth of almost 12%. This also includes the financial sector, where Cinkciarz.pl became the only

Cinkciarz.pl awarded “Best Polish Service of 2018"

Cinkciarz.pl was distinguished on a Polish national ranking, which promotes domestic industry and high-quality services from across the country.In the second edition of the rank, only the goods and brands that met the highest requirements for quality, functionality and innovation were awarded. Cinkciarz.pl fulfilled the demanding requirements and won third prize in the category of “Best Polish Service 2018". The ranking was created by scientists and economic experts, who honoured Cinkciarz.pl “for its high level of financial services". The announcement of the ranking prepared by the

Addnode Group acquires SSA and Simuleon with net sales of SEK 55 million

03/12/2018 - Addnode Group, Europe’s leading provider of software and services for design and engineering activities, announced today that they have acquired simulation specialist SSA and its sister company Simuleon with combined net sales of approximately SEK 55 million.The acquisitions of Strategic Simulation & Analysis Limited (“SSA”) and Simuleon B.V. (“Simuleon”) are in line with Addnode Group's strategy to be an international market-leading provider of software and services for simulation, design and engineering activities. SSA and Simuleon will become part of the Product Lifecycle

Fortum commits EUR 150 million to Valo Ventures, a new global venture capital fund headed up by former Google Capital co-founder

FORTUM CORPORATION PRESS RELEASE 3 DECEMBER 2018 Fortum has committed to invest EUR 150 million to Valo Ventures over a period of 10 years. Valo Ventures is a new global venture capital fund launched by former Google Capital co-founder, Scott Tierney. Headquartered in Palo Alto, California, it is an independent fund investing in digital and cloud-scale technology startups in North America and Europe. Valo Ventures invests in early and growth stage technology companies with products or services that demonstrate transformative economic value as well as long-term social or environmental

Bergs Timber AB Strengthen UK Sales Organisation

Following the integration of Continental Wood Products Ltd into Bergs Timber AB, the company will change its name to Bergs Timber (UK) Ltd on 1stJanuary 2019.The change reflects a closer working relationship with the Swedish sawmills within Bergs Timber AB. The Bergs Timber (UK) office will bring together the UK sales from both companies under one roof. QP Timber Ltd, who has successfully handled the sales of Bergs Timber products for the UK in the past have agreed a gradual hand over period to ensure that the business is integrated in an efficient and timely manner during the first

Investor Call Replay

2018-12-03 The remote replay of the recorded Third Quarter 2018 Investor Call held on November 28, 2018 is now available.   Dial-in details to the replay of the recorded Investor Call are given below. UK replay number: +44 (0) 20 8196 1998 Replay Access Code: 1754927#  The replay is available for 30 days. For further information, please contact:Magdalena PatrónInvestor Relations ManagerTel: + 46 (0)10-450 10 00Email: magdalena.patron@preem.se

Global warming increases frost damage on trees in Central Europe

Global warming increases frost damage on trees in large areas of Central Europe, according to a new Finnish-Chinese study by researchers from the University of Eastern Finland, the Chinese Academy of Science and Zhejiang A&F University. Late frost damages are economically important in agriculture and forestry. In certain years, they are known to have caused losses amounting to up to hundreds of millions of euros. Climate change and increasing temperatures will diminish the occurrence and severity of spring frost events, which should reduce frost damages. “However, global warming

New facility will provide a million cubic meters of renewable energy

Preem is planning a new facility at the Gothenburg refinery. The new plant is expected to produce approximately one million cubic meters of renewable diesel and renewable aviation fuel per year. This corresponds to approximately 25 percent of Sweden's estimated need for renewable fuels 2030.[Preems raffinaderi i Gteborg] Preem's long-term goal is to manufacture at least three million cubic meters of renewable fuels by 2030. Now, the company takes an important step towards this by initiating an application for a new environmental permit at the Land and Environmental Court. The planned

SKF solutions for high speed electric powertrains in focus at CTI Symposium

SKF is a leading component supplier to automotive original equipment manufacturers and the independent aftermarket around the world.Designing solutions with the right performance, SKF’s Automotive team creates customer value by focusing on quality, energy efficiency, comfort, optimised performance and safety. SKF is deeply involved in the development of components for automotive electrification. SKF experts will be present at the CTI Symposium (booth A12) in Berlin on December 3-6 to discuss challenges and solutions relating to bearing design, lubrication, simulation and testing for

Swedish sawmills focus on new market segment in China

On 24–26 November industry organisation Swedish Wood and representatives from Swedish sawmills attended a conference on treated wood for outdoor use in China. The event gave the representatives from the Swedish sawmills an opportunity to create new contacts and strengthen existing ties with Chinese companies active in the treated exterior wood segment.24–26 November saw one of the most important events in treated exterior wood in China: the 3rd China Green Wood Industry Conference & the 11th China Wood Protection Industry Conference. The name describes one conference, which took place in

Axel Johnson International enters industrial automation via acquisition of OCS

Axel Johnson International has entered the market for overhead conveying solutions and industrial automation by acquiring a majority stake in OCS AB, a global provider of overhead conveyor systems based in Borås, Sweden.OCS provides high quality overhead conveyors systems for the automotive, aviation and general industries and has a particularly strong presence in the Nordic region and central Europe. The Company adds SEK 100 million of revenue to the Axel Johnson International group and will form an initial platform from which the Group intends to build a strong Pan-European player within

Nokian Tyres: Disclosure under chapter 9, section 10 of the securities market act

Nokian Tyres plc Stock Exchange Release December 3, 2018, at 11:55 a.m.  Nokian Tyres has received an announcement from BlackRock, Inc. on November 30, 2018, in accordance with the Finnish Securities Market Act Chapter 9, Section 5. According to the announcement BlackRock, Inc.'s indirect holding in Nokian Tyres shares went under the level of 5% of the share capital in Nokian Tyres plc, as result of share transactions concluded on November 29, 2018. The indirect shareholding of BlackRock, Inc. in Nokian Tyres has decreased to 6,765,769 shares, corresponding to 4.90% of Nokian Tyres’

Experience the Parans light at Vasakronan’s office

Vasakronan, Sweden's largest real estate company, the visitor is welcomed with Parans light to the Gothenburg office. The property owner of the modern activity-based office is now evaluating the Parans system in order to be able to offer it in best possible way within the real estate portfolio. Vasakronan has a strong focus on the modern office and how we as people use it. In the office, innovative technology is displayed by Vasakronan, which means that the Parans light will be exposed continuously to many stakeholders. The Parans light is the first thing the visitor get to

Siemens and Aker Solutions to Strengthen Digital Offerings through Strategic Collaboration

December 3, 2018 - Siemens and Aker Solutions have signed a strategic collaboration agreement to further develop digital offerings in engineering, operations and services. The collaboration focuses on the creation of software applications and joint service offerings including the development of industrial digital twins that will drive efficiency throughout the entire plant lifecycle. In addition, the companies will further develop specific offerings for the oil and gas sector based on Siemens' Comos engineering platform. These solutions will help customers to reduce engineering and

NIB financing Nokia’s 5G research and development program

The Nordic Investment Bank and the Finnish multinational telecom company Nokia have signed a loan agreement totalling EUR 250 million to finance research and development activities related to 5G mobile technology. The loan, which has an average maturity of approximately 5 years after disbursement, will finance Nokia’s extensive research and development programme focused on fifth-generation (5G) activities in Europe in 2018–2020. The investment will especially concentrate on developing new 5G-related end-to-end product offerings for different business areas. 5G is the next generation

NENT Group and DNA agree Viaplay sales partnership in Finland

· DNA becomes first Finnish telecom operator to offer Viaplay as a separate subscription   · DNA’s existing Viasat customers get access to Viaplay as part of their pay TV packages  · Partnership supports NENT Group’s strategy to be the leading Nordic streaming service provider Nordic Entertainment Group (NENT Group) and DNA, a Finnish telecommunications group and the country’s largest cable operator and leading pay TV provider, have entered a sales partnership for NENT Group’s Viaplay streaming service in Finland. DNA will become the first telecom operator in Finland to offer

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