Circio Holding ASA – Invitation to receive Warrants and subscribe for new shares
Oslo, Norway, 15 December 2024: Reference is made to the rights issue by Circio Holding ASA (the "Company") completed in July 2024 (the "Rights Issue"). Due to substantial interest from existing shareholders and new investors for the ongoing Warrants exercise, the board of directors of the Company has resolved to open for subscription of additional new shares at an issue price of NOK 0.60 (i.e. equal to the Warrant Exercise Price). A total of 13,864,852 warrants (Nw.: frittstående tegningsretter) (the "Warrants") were issued in connection with the Rights Issue. Each Warrant gives the holder (the "Holder") a right to subscribe for one new share in the Company at an exercise price per share of NOK 0.60 (the "Warrant Exercise Price"). The Warrants must be exercised no later than 16:30 (CET) on 18 December 2024 (the "Warrant Expiry Time"). The Company has been informed that certain holders will not exercise their Warrants, including Atlas Special Opportunities LLC (“Atlas”) which holds 6 million Warrants. These Warrants have been made available to the Company for distribution for free to investors who contact the Company indicating their interests in acquiring Warrants and who will exercise them prior to the Warrant Expiry Time (the "Potential Investors"). Any funds raised from the exercise of Warrants will reduce and delay the requirement to draw future tranches from Atlas under the convertible bond financing facility. In the event Potential Investors are interested in exercising more Warrants than those available for distribution by the Company, the board of directors is contemplating carrying out a private placement by the issuance of up to 4,903,934 additional new shares at an issue price of NOK 0.60 per share to satisfy such additional demand by use of the authorization to increase the share capital granted by the general meeting on 19 June 2024. Potential Investors interested in exercising Warrants and subscribing for new shares are requested to complete an application form (the "Application Form") attached to this notice. The Application Form must be completed and received by the Company by e-mail at contact@circio.com before 16.00 hours (CET) on 17 December 2024. The minimum exercise and subscription amount per Potential Investor is NOK 50,000, which corresponds to 83,333 shares. The allocation of Warrants and private placement shares among Potential Investors will be at the sole discretion of the Company. The Company will on 18 December 2024 contact the Potential Investors who are being allocated Warrants and private placement shares to inform them of the number of Warrants and shares allocated to them and provide information on the allocation and total payment information.
“This marks a significant milestone for Capsol Technologies as we initiate the demonstration of our CapsolEoP[®] technology at a Holcim cement plant. We are eager to collaborate closely with Holcim, showcasing our capability to contribute to their ambitious climate targets,” says Philipp Staggat, Chief Product Officer of Capsol Technologies.
Holcim Süddeutschland GmbH operates under the Holcim Group, which is present in around 60 countries and employs over 60,000 people. As part of its efforts to drive sustainability, Holcim has committed to deliver 8 million tons of fully decarbonized cement per year by 2030. With sustainability at the core of its strategy, Holcim has 2030 and 2050 net-zero targets validated by the Science Based Targets initiative.
“This cooperation with Capsol Technologies reflects our commitment to identifying and deploying the most suitable carbon capture technologies for reducing emissions. The CapsolEoP[®](End-of-Pipe) unit’s design, requiring no external steam supply and exhibiting low energy consumption, makes it an attractive option for our Dotternhausen plant,” says Dieter Schillo, Plant Manager of Holcim (Süddeutschland) GmbH.
If the demonstration campaign at the Dotternhausen plant is successful, Holcim Group would consider deploying Capsol’s carbon capture technology based on the safe and proven Hot Potassium Carbonate (HPC) solvent at full-scale cement plants across multiple sites.
As part of this agreement, the CapsolGo[®] demonstration campaign at the Dotternhausen plant will be delivered as a turnkey solution, including testing and validation services to provide Holcim with critical data and insights on Capsol’s carbon capture technology.
This cooperation builds on an earlier engagement between the parties, including a feasibility study completed with Capsol Technologies by Holcim Group’s Aggregate Industries UK Ltd for its Cauldon cement plant in Stoke-on-Trent.
The delivery of the CapsolGo[®] unit is scheduled for Q2 2025, with testing set to commence in late Q2 2025. The project will span 4 months.
About CapsolGo[®] demonstration units
·CapsolGo[®] demonstration projects are designed to provide emitters with carbon capture data using Capsol’s HPC-based process on their specific plants, supporting accelerated decision processes towards full-scale carbon capture.
·A standard CapsolGo[®] demonstration campaign is offered on a rental basis, typically has a duration of six months, and includes transportation, installation, operation, and testing services.
·Capsol’s HPC-based process is using potassium carbonate as the CO\2\ solvent, a process which is well-documented and used in more than 750 plants globally in multiple industries. A patented energy re-circulation process offers low capture cost and the flexibility to monetize heat and electricity.
To receive Capsol’s stock exchange and press releases via email, subscribe at capsoltechnologies.com/investors
For further information, please contact:Ingar BerghChief Financial Officer, Capsol Technologies ASA+47 926 20 330
ingar.bergh@capsoltechnologies.com
About Holcim
Holcim is a global leader in innovative and sustainable building solutions with net sales of CHF 27.0 billion in 2023. Our 63,000 employees are driven by our purpose to build progress for people and the planet across our regions to improve living standards for all. We partner with our customers to offer the broadest range of advanced solutions, from sustainable building materials ECOPact and ECOPlanet, to our circular technology ECOCycle®, all the way to Elevate’s advanced roofing and insulation systems. For more information visit holcim.com
About Capsol Technologies
Capsol Technologies ASA is a carbon capture technology provider with a goal of accelerating the world’s transition to a net zero future. The technology combines inherent heat recovery and generation in a stand-alone unit based on a proven and safe solvent. Capsol’s technology is licensed either directly to customers or through industrial partners globally. Capsol’s key segments include cement, biomass, energy-from-waste and gas turbines.Capsol Technologies is listed on Euronext Oslo Børs (ticker: CAPSL). For more information visit capsoltechnologies.com.
The office building will be built in Pasila, Helsinki, which is a vibrant area with excellent services and public transport connections. The building will have a variety of amenities, such as conference and lounge areas, restaurant, gym and indoor parking for bicycles.
Firdo is aiming to be certified according to WELL and LEED level Platinum. The building will be heated and cooled with geothermal energy, and in material procurement significant emphasis is placed on reducing the carbon footprint.
Skanska Finland has signed a thirteen-year lease agreement for a new head office at Firdo. The lease agreement accounts approximately 5,500 square meters, about 37 percent of the building. Skanska Finland is expected to take occupancy of its new head office in the second quarter of 2027.
Construction is scheduled to begin in January 2025 and will be completed in the second quarter of 2027.
“We choose to focus our efforts instead of splitting our focus, to strengthen MilDef's long-term competitiveness, profitability and cash flow. After the acquisition of roda computer GmbH, it is clear that MilDef will prioritize being a significant player in the build-up of defense capabilities that is now underway in Europe and will continue for many years to come. As a result of the above, it is our intention to focus Handheld's product range entirely on the defense domain and thus integrate the now militarized parts of Handheld's portfolio into MilDef's business,” says Daniel Ljunggren, President and CEO MilDef Group.
As part of the ambition to streamline MilDef's defense offering, the operations in Lidköping, Sweden and Freilassing, Germany will be closed. Parts of the activities will be moved to MilDef's other premises.
The measures are expected to reduce MilDef's annual net sales by approximately SEK 70 million, while annual cost savings in the Group are estimated to amount to SEK 50 million per year. The operational result (EBIT) is expected to improve by approximately SEK 20 million per year. The cost savings will be phased in and are expected to start to be visible in the second quarter of 2025.
The result for the fourth quarter of 2024 will be impacted with costs for the decided restructuring program and is expected to total approximately SEK 310 million, of which approximately SEK 285 million is non-cash affecting. The non-cash costs include impairment of goodwill and other Group surplus values directly attributable to the acquisition of Handheld. The costs will be reported as restructuring costs and considered as non-recurring items.
The strategic alignment affects approximately 20 employees in the Group. Negotiations with the relevant trade unions will start immediately.
This information is information that MilDef Group AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out below, at 08:45 CET on December 16, 2024.
Stockholm, Sweden – December 16[th], 2024 – atNorth , the leading Nordic colocation, high-performance computing, and artificial intelligence service provider, has announced it has secured land in the Sollefteå Municipality, in Hamre Industripark in Långsele, Sweden.
The 30 hectare plot is strategically located for its infrastructure, energy capacity and benefits from Sweden’s cool climate, abundance of renewable energy and skilled workforce.
“This is a fantastic opportunity for Sollefteå Municipality and the Hamre area”, said Johan Andersson, Chair of the Municipal Executive Committee. “We are delighted to collaborate with atNorth, a company that leads in data center solutions and sustainable technology. This project can help strengthen our region as a hub for innovative development”.
atNorth opened its state of the art SWE01 site in Stockholm in 2022. The secured land in Sollefteå Municipality is intended to be the location of atNorth’s first mega site in Sweden.
“We are excited to be exploring the possibility of a new mega site in Sweden to complement our existing metro sites”, says Eyjólfur Magnús Kristinsson, CEO at atNorth. “As the demand for our sustainable infrastructure continues to increase we are committed to scaling in a responsible way that benefits the Nordic locations we inhabit”.
The news follows the recent announcement of the expansion of atNorth’s ICE02 and ICE03 data centers in Iceland and the revelation of its newest data center development, DEN02 , located in Ølgod in Varde, Denmark. The business has 3 other new data center sites in development, two in Finland, FIN02 located in Sinimäentie, Espoo and FIN04 located in Kouvola and an additional site in Denmark, DEN01, located in the Ballerup region of the country.
About atNorth
atNorth is a leading Nordic data center services company that offers sustainable, cost-effective, scalable colocation and high-performance computing services trusted by industry-leading organizations. The business acquired leading High Performance Computing (HPC) provider, Gompute, in 2023 enabling a compelling full stack offering tailored to AI and other critical high performance workloads.
With sustainability at its core, atNorth's data centers run on renewable energy resources and support circular economy principles. All atNorth sites leverage innovative design, power efficiency, and intelligent operations to provide long-term infrastructure and flexible colocation deployments. The tailor-made solutions enable businesses to calculate, simulate, train and visualize data workloads in an efficient, cost-optimized way.
atNorth is headquartered in Reykjavik, Iceland and operates seven data centers in strategic locations across the Nordics, with additional sites to open in Helsinki, Finland in Q1 2025 and Ballerup, Denmark in Q2 2025, as well as its tenth under construction in Kouvola, Finland and its eleventh site in Ølgod, Denmark.
For more information, visit atNorth.com or follow atNorth on LinkedIn or Facebook .
Press Contact:
Caroline Brunton
Kite Hill PR for atNorth
+44 (0) 7796 274 416
caroline@kitehillpr.com
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Based in San Francisco, AppDirect has long been a driving force in B2B subscription commerce, celebrated for its extensive network that seamlessly connects technology providers, advisors, and businesses. With over 1,000 technology providers, 10,000 advisors, and a subscriber base exceeding 5 million, AppDirect is recognized as a trusted partner in streamlining the buying, selling, and management of technology solutions.
Teneo.ai’s voice-enabled AI platform empowers businesses to reduce contact center costs by up to 50%, thanks to advanced AI-driven phone support that can handle up to 60% of inbound calls autonomously. Designed to integrate seamlessly with existing phone systems, Teneo platform enables rapid deployment, supporting high call volumes and complex inquiries to enhance customer satisfaction through zero wait times and first-call resolution.
Per Ottosson , CEO of Teneo.ai, stated, “Partnering with AppDirect marks a pivotal moment in our mission to deliver impactful AI solutions to businesses. Using the latest AI technologies, Teneo is the only proven solution in the market that can answer 1000's of simultaneous calls and connect to backend systems to resolve 60% of all inbound queries. Enhancing platforms like Genesys, your GenAI RAG, Cisco, NICE, Dialogflow and Lex to offer a full-fledged phone agent. This partnership makes it easier than ever for businesses to finally transform customer service and move from deflection to resolution.”
AppDirect’s leadership is recognizing an increased demand among businesses for AI-driven customer service capabilities. With Teneo’s solutions now available, AppDirect is positioned to offer its partners and advisors a powerful tool that integrates with existing enterprise systems, scales alongside business needs, and drives down operational costs.
“We’re thrilled to welcome Teneo.ai into the AppDirect Marketplace,” commented Renée Bergeron , AppDirect Chief Operating Officer. “With Teneo’s proven AI capabilities, our partners can provide customers with a cost-effective, transformative solution for voice support, creating new efficiencies while strengthening customer satisfaction.”
This partnership is set to help US consumers by making it easy for more companies to drive instant resolution. AppDirect’s reach and Teneo’s technology will make AI work for more companies.
For further details on this partnership or to schedule an interview, please contact Marie Angselius-Schönbeck , Chief Impact Officer, Teneo.ai at marie.angselius@teneo.ai.
"The results show that the surveyed citizens in Europe are very environmentally conscious and have durably changed their mindsets. The new normal is to do what you can, small or big, to lower and improve your energy consumption. The ambition to live more climate friendly is widely spread all among all age groups and countries. At the same time, people are concerned about whether they will be able to afford the costs of the energy transition, and costs savings are important to them," says Alexander van Ofwegen, Head of Customers & Solutions at Vattenfall.
Environmental consciousness is high, with 84 % of respondents across countries wanting to lead a climate-friendly life. The most common actions are to minimize waste and cutting their energy use by e.g. lowering indoor temperatures, using LED-lights and taking shorter showers.
Almost all of the respondents (96 %) have adapted their energy habits to protect the environment, e.g. by using fewer lights or cooking with a lid. In addition, over nine tenths have invested in things like more efficient lights, water saving shower heads, or improved insulation for the same purpose.
The environmental consciousness may correlate with the fact that as many as 56 % of all respondents say they have personally noticed the effects of climate change in their daily life in the form of more extreme weather events. Most in France (63 %) and fewest in Sweden (45 %). Among other changes people experience, 64% in all countries answer rising temperatures and 34 % refer to changes in wildlife and plant life they personally have noticed in their daily life.
“When you are personally affected you are more likely to act. As many state they have been affected by climate change, energy crisis and higher costs, it has led to higher consciousness of energy usage than before. The saving efforts that started around the energy crisis seem to persist and that is good news,” says Alexander van Ofwegen.
When it comes to age differences, older generations (51 years and above) in all countries are more likely to invest in established energy-efficient products like LED lights and draft stoppers, while younger generations (18 – 35 years) are more interested in new technologies like smart homes smart home solutions and charging stations.
“The results show that Europeans continue to prioritize climate-friendly lifestyles, but there are significant variations between countries in how these priorities are manifested in practice,” says Alexander van Ofwegen.
On behalf of Vattenfall, the research institute Statista surveyed 6,000 representatively selected consumers between October 10[th] and 22[nd] in six European countries; Germany, Finland, France, the Netherlands, Sweden, and the UK.
More results from the survey:To consume less energy, consumers have made a wide range of behavioural changes in their everyday life:
· Using less light was most often mentioned as reduction measure in France (81 %), Finland (79 %) and the UK (75 %). · Environmental protection is the main motivation in all countries, with French (53%) and Finns (45%) scoring the highest. · Over a quarter of Dutch and Germans are also motivated by cost savings and 23% of Swedes see a climate-friendly life as a social responsibility. · 75 % of Germans cook with a lid. · 78 % of French consumers lower the temperature at home. · Consumers in the Nordics are less flexible to adapt their heating behaviour. 56 % in Sweden and 55 % in Finland reduce temperatures at home. 47 % of the Swedes and 46 % of the Finnish heat only the most frequently used rooms. · Two out of three take shorter showers. And one out of three take colder showers. · 40 % of the British go to bed earlier than they used to do and 27 % of the French spend less time home in order to save energy. · The French (87%) believe that in order to protect the climate effectively, every single individual needs to take action. In Finland 81% and in the Netherlands 76% think so.
Many consumers have made investments to reduce energy consumption:
· 75 % have switched to LED lights. · 59 % of the Dutch have invested in solar panels and 57 % of the Swedes want to do so. · 13 % of the Germans have bought a vehicle charging station (wall box) and 49 % say they would like to invest in the future.
For further information, please contact:Vattenfall´s Press Office, +46 8-739 50 10, press@vattenfall.com
This strategic integration marks a significant milestone in Norse Atlantic’s expansion of its global presence. The partnership extends Norse Atlantic’s reach by optimizing the airline’s sales channels through even more preferred ticket channels, offering the airline’s affordable fares, comfort and quality service across a wide network of trade travel partners worldwide.
Through this agreement, Norse Atlantic (N0/Z0) now sells its flights under a pseudo codeshare agreement that is distributed across all major GDS platforms worldwide, including Amadeus, Sabre, and Travelport. By utilizing APG IET platform, Norse's flights are displayed under the A1 code in the GDS, making them fully bookable and sellable on APG’s global stock (GP-275) by IATA and non-IATA agents. This approach maximizes distribution capabilities, reaching travel agents and corporate clients across the globe. Additionally, these flights are also available through APG's B2B platform, APG Connect, allowing travel agencies easy access to book tickets on Norse’s network through a convenient and centralized platform.
The virtual integration also supports Norse Atlantic’s broader strategy to maximize the use of its fuel-efficient Boeing 787 Dreamliner fleet. It aims to ensure high seat occupancy and maintain efficiency, benefiting both peak and off-peak travel periods.
"Our APG partnership is a key step in our strategy, expanding how we connect with our passengers through the GDS system. We are excited to know many future trade partners will embrace this solution, making it possible to offer comfortable travel experiences at more affordable fares on our flights across our Economy, as well as our Premium class, which offers a superior experience for corporate travelers who value comfort and appreciate more budget friendly fares", said Bård Nordhagen, Chief Commercial Officer at Norse Atlantic Airways.
Ophélie Cherdrong, Executive Product Director of APG IET, expressed her enthusiasm about this partnership, stating, “We are very excited to welcome Norse Atlantic Airways to the APG network. The integration of their flights into our IET platform will significantly enhance their global distribution, empowering IATA and non-IATA travel agents and customers worldwide to book Norse flights with ease. This partnership will undoubtedly support Norse in reaching new heights and developing its sales across the world. We are proud to be part of their growth strategy and help them achieve greater success.”
Passengers can expect a relaxed journey on Norse Atlantic’s modern Boeing 787 Dreamliners, which are equipped with state-of-the-art entertainment systems at every seat. For those seeking additional comfort, Norse Atlantic’s Premium cabin offers industry-leading amenities, including 43” seat pitch and 12” recline for a spacious, comfortable experience.
Norse Atlantic offers three fare options to cater to different travel needs: Light, Classic and Flextra. Light fares provide great value, Classic adds flexible options and extra services, while Flextra includes maximum baggage allowance, two meals, and increased ticket flexibility.
The BvS10 tracked vehicle is currently used by Sweden, Austria, France, the Netherlands, the UK and the USA. Now BAE Systems has been entrusted to deliver the BvS10 tracked vehicle to a European nation. MilDef will supply customized switches for the newly manufactured vehicles.
“The orders now won are a continuation of a long-standing collaboration with BAE Systems Hägglunds and an acceleration of joint efforts for strengthened defense systems in Sweden and Europe. Together with BAE Systems Hägglunds, we demonstrate the technological excellence of the Nordic defense industrial system and the responsibility that the companies take to strengthen European security of supply,” says Daniel Ljunggren, President and CEO of MilDef.
BAE Systems Hägglunds’ BvS10 tracked vehicles are able to move quickly over terrain that would stop other vehicles. They are also capable of amphibious operations.
The information was submitted for publication, through the agency of the contact persons set out below, at 12:00 CET on December 16, 2024.
Fort Lauderdale, FL – December 16, 2024 –As the holiday season approaches, Chiquita , the leading banana brand, is emphasizing the importance of sustainability at the heart of festive celebrations and encouraging families to make eco-conscious choices. With Chiquita bananas boasting a smaller carbon footprint than many other fruits, they offer a versatile and eco-friendly addition to holiday recipes.
From delicious desserts to savory sides, signature recipes like the Christmas Chiquita Banana Bread , Chiquita Banana Yule Log and Banana & Sweet Potato Mash provide a creative and sustainable touch to holiday menus. Whether adding sweetness to festive treats or being the star ingredient in fun holiday dishes, Chiquita bananas not only enhance traditional recipes but also reflect a commitment to reducing environmental impact during a time of year that often sees increased consumption.
Chiquita’s 2025 Resolutions: Sustainability in Action
As Chiquita reflects on the sustainability achievements of the past year, the brand is also setting its sights on the future. Through the Behind the Blue Sticker Campaign and detailed action plans for 2025, Chiquita is accelerating its efforts to combat climate change, minimize waste, and promote biodiversity through its comprehensive environmental initiatives:
1. Fighting Climate Change: Chiquita’s “30by30” initiative has achieved significant reductions in carbon emissions, including a 60% decrease in pesticide application per hectare since 2015. The Easy Vent packaging innovations and sustainable shipping practices ensure less than 1.5% of bananas are wasted in transit. 2. Tackling Food Waste: From banana puree to compost, Chiquita’s commitment to circularity transforms surplus bananas into valuable resources, helping to minimize waste across the supply chain. 3. Enhancing Biodiversity: Our efforts to tackle TR4 though our Yelloway Joint Venture will increase the biodiversity of farms and we have a long standing commitment to protecting endangered species and environmental education in local communities through our Nogal Reserve in Costa Rica.
“These initiatives reflect Chiquita’s commitment to sustainability as a business imperative,” said Peter Stedman, Chiquita’s Sustainability Director. “During the holiday season, a time of togetherness and reflection, we are reminded of the importance of making responsible choices. By embedding sustainable practices into our operations, we are ensuring a positive impact on our communities, customers, and the planet—not just during the holidays, but throughout the year.”
A Holiday Season Rooted in Purpose
The holiday season offers an opportunity for families to make meaningful choices like including Chiquita bananas in holiday dishes to their environmental footprint. These small, thoughtful decisions contribute to the broader impact of sustainability, aligning with Chiquita’s long-term vision.
Chiquita’s initiatives extend far beyond the holiday season, forming the foundation of its commitment to a greener future. Through efforts to combat food waste, reduce carbon emissions, and enhancing biodiversity, Chiquita is leading the way in making sustainability an everyday practice.
To learn more, follow Chiquita onInstagram ,Facebook ,TikTok . For more information Chiquita’s sustainability initiatives and holiday recipes, visitChiquita.com . For high-res images, clickhere .
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Stena Line can now confirm that it has chartered the Ben My Chree vessel to operate on a new Dublin – Heysham freight route which is due to begin at 01:00 on Tuesday morning. This temporary service will provide an extra round trip between Ireland and Great Britain with approximately 850 lane meters of space for freight.
The company has also secured permission to take cars and their passengers on additional Dublin – Birkenhead sailings on Stena Estrid, commencing at 03:30 tomorrow (17[th]) morning out of Dublin. These sailings are currently for car passengers with existing bookings on cancelled Dublin – Holyhead sailings.
Johan Edelman, Stena Line’s Irish Sea Trade Director said: “The unprecedented closure of Holyhead Port in the run up to Christmas has caused major upheaval in freight flows between Ireland and Britain. Our priority in the coming days will be to mitigate as much as we can by trying to secure as much additional capacity as possible throughout our Irish Sea network. High levels of pre-Christmas bookings have made this a very challenging operation, but we are working around the clock to examine every conceivable opportunity.
“I can confirm that our operational teams have now been able to establish a new temporary freight only ferry route between Dublin-Heysham which will launch on Tuesday 17[th] Dec providing one round trip per day. We have also established a new temporary route on Dublin-Fishguard for passengers and freight which will be served by the Stena Adventurer. To support our foot passengers, we are operating a free bus service for transport between Holyhead and Fishguard for passengers with existing Holyhead - Dublin bookings.
“Extra sailings have also been introduced on our Dublin-Liverpool service provided by Stena Estrid and we are pleased that we have now secured permission to carry cars and their passengers on this route going forward.
“This unprecedented port closure has created a stressful situation for everyone involved, including both passengers and staff, so I would appeal for as much flexibility and patience as possible in the days ahead as we seek to reduce the pre-Christmas backlog.”
ENDS
H2Offices is positioned in Budapest’s bustling Váci Office Corridor. The project offers excellent location in direct vicinity to a public transportation hub and is in 5 minutes car ride from the city center. Connection to nature and environmental consciousness are at the core of the concept. The project will offer a mix of future-focused urban infrastructure, sustainable and innovative solutions, and a landscaped placemaking conceptually connected with the plot's heritage.
The second phase will be developed to deliver sustainable office spaces, allow responsible resource use, and support the well-being of the tenants. The office building is expected to receive several certifications: LEED Core & Shell version 4, WELL Core & Shell, Access4You, WiredScore and SmartScore Certifications, WELL Health & Safety Rating.
The constructor is FITOUT ZRT. Construction will start in the fourth quarter of 2024 and is scheduled for completion in the first quarter of 2027.
The first phase of the complex was delivered at the end of 2022 and sold to ERSTE Open-Ended Real Estate Investment Fund in the third quarter of 2023. The 27,000 square meter gross leasable area building is leased to tenants like Cofidis, Albemarle, Collonade, MBH Gondoskodás Fund, Orbico, among others.
ASSA ABLOY has acquired Roger Sp. z o.o. sp.k., a Polish manufacturer of on-premise electronic access control systems and related hardware.
"I look forward to welcoming Roger into the ASSA ABLOY Group. This acquisition delivers on our strategy to add complementary products and solutions to our core business,” says Nico Delvaux, President and CEO of ASSA ABLOY.
"Roger has over 30-years of track record in Poland with a reputation as a strong electronic access control system provider trusted by over 5 million users. The team has a solid track record of innovation and is a valuable addition to our business” says Neil Vann, Executive Vice President of ASSA ABLOY and Head of EMEIA Division.
Roger was established in 1991 and has some 100 employees. The main office and assembly facility is located in Gosciszewo, Poland.
Sales for 2023 amounted to about MPLN 42 (approx. MSEK 110) with a strong EBIT margin. The acquisition will be accretive to EPS from the start.
For more information, please contact:
Nico Delvaux, President and CEO, tel. no: +46 8 506 485 82Erik Pieder, CFO and Executive Vice President, tel. no: +46 8 506 485 72Björn Tibell, Head of Investor Relations, tel. no: +46 70 275 67 68, e-mail: bjorn.tibell@assaabloy.com
About ASSA ABLOY
The ASSA ABLOY Group is the global leader in access solutions. The Group operates worldwide with 61,000 employees and sales of SEK 141 billion. The Group has leading positions in areas such as efficient door openings, trusted identities and entrance automation. ASSA ABLOY's innovations enable safe, secure and convenient access to physical and digital places. Every day, we help billions of people experience a more open world.
Following the microsatellite design and development contract signed on May 13 , Unseenlabs has, after the six first months of work done, chosen to reconfirm GomSpace as its trusted partner for delivering advanced microsatellite platforms.
The agreement, valued at €5.3 million (SEK 61 million), involves the delivery of state-of-the-art microsatellites, with project completion (after launch) targeted for 2026 spanning approximately 18 months. The contract encompasses the full design and development of the satellite platforms, further solidifying GomSpace’s reputation as a leader in the microsatellite market.
“We are thrilled that our dedicated efforts during the development phase have earned the trust of Unseenlabs in our microsatellite platforms,” said Carsten Drachmann, CEO of GomSpace. “With enhanced acquisition capabilities, this new platform is designed to meet the growing data demands of end-users, driving customer growth and supporting their strategic objectives. This milestone highlights GomSpace’s unwavering commitment to innovation in the microsatellite market and our focus on enabling customer success.”
Jonathan Galic, Co-founder, President, and CTO of Unseenlabs, echoed the sentiment, emphasizing the importance of collaboration during the development phases: “Being closely involved in the development process was key to gaining the level of trust we needed, both in GomSpace as our industrial partner and in their microsatellite technology. This new project marks a pivotal chapter in Unseenlabs’ growth.”
This contract reinforces GomSpace’s position as a rising force in the global space market, delivering tailored, high-performance satellite solutions to an expanding customer base. It also reflects the company’s dedication to supporting commercial operators in realizing their business objectives through innovative satellite platforms.
For more information, please contact:Anne Breüner (Head of Corporate Affairs)Tel: +45 40 200 192E-mail: anbr @ gomspace.com
About GomSpace Group ABThe company’s business operations are mainly conducted through the wholly-owned Danish subsidiary, GomSpace A/S, with operational office in Aalborg, Denmark. GomSpace is a space company with a mission to be engaged in the global market for space systems and services by introducing new products, i.e. components, platforms and systems based on innovation within professional nanosatellites. The company is listed on the Nasdaq First North Premier exchange under the ticker GOMX. FNCA Sweden AB is the Company’s Certified Adviser. For more information, please visit our website on www.gomspace.com.MiscellaneousThis information is information that GomSpace 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 above, 8:15 a.m. CET on December 17, 2024.
ERP Today has established themselves as an independent voice in the enterprise technology sector. ERP Today works with global brands to provide valuable insights to their audience in both print and digital mediums. The ERP Today Awards ceremony was a part of their Mastering ERP Summit 2024 .
The ’HR Tech Solution of the Year ’ award recognises the technology vendor, ISV, reseller, or partner who has demonstrated the most innovative features or developments in an HCM/People management solution.
We are proud and delighted to be highly commended for the coveted ‘HR Tech Solution of the Year’ award. We thank ERP Today for this commendation and offer our congratulations to all those awarded.
Zalaris’ submission highlighted the tangible improvements our client Sealord, the global fishing giant, experienced through our solutions. Sealord has reported significant improvements in key business areas and has benefitted from enhanced self-service features, increased mobility, and operational efficiency.
As the HR Manager at Sealord explains: “PeopleHub for SAP SuccessFactors provided a tailored, rapid deployment solution that seamlessly integrated our HR and talent management processes."
Zalaris’ PeopleHub for SAP SuccessFactors offers a comprehensive, integrated approach to managing the entire employee lifecycle, from attracting top talent to ensuring a smooth transition into retirement, and every critical step in between. This global solution is particularly essential for multi-location businesses, providing a unified platform that centralises systems, ensures consistent policies, and nurtures a cohesive company culture.
Our ongoing investment in technology, alongside our partnership with SAP, ensures that Zalaris remains at the forefront of HR technology. With an emphasis on scalability, seamless integration, and clear reporting, we continue to be the go-to solution for businesses worldwide looking to optimise their HR processes.
Regarding Zalaris’ exceptional performance, Stephen Burr, EVP of UK & Ireland, commented, “I would like to thank ERP Today for this commendation. We, at Zalaris, are delighted to be recognised for our renowned HR solutions, reflecting our investment and dedication to exceed our customer’s needs.”
Hans-Petter Mellerud, CEO and Founder of Zalaris said, "It is wonderful to receive this high commendation for ‘HR Tech Solution of the Year’. As a company, we are always committed to investing in our solutions, ensuring we stay ahead of the competition whilst predicting the future requirements for our clients. We are proud of our ability to tailor software and services which is reflected in our high customer retention rate; and this ERP Today commendation recognises our efforts. This award serves as a testament to our dedication to live by our motto, ‘Simplify Work Life. Achieve More’."
Contact:
Hans-Petter Mellerud, CEO and founder Zalaris Contact
Stephen Burr, Executive Vice President UK & Ireland Contact
About Zalaris
Zalaris simplify HR and payroll administration and empower you with useful information so that you can invest more in people. We are a leading service provider of Human Capital Management (HCM) solutions, serving more than 1.5 million employees monthly with an annual revenue of more than 100 million Euros. We hold #1 or #2 positions in most of our markets and carry over two decades of experience in transforming HR and support creating sustainable businesses with our clients. Simplify work life. Achieve more. For more information about us, go to zalaris.com.
In a landmark achievement for the contact center industry, Teneo.ai has surpassed 17,000 customer developed AI agents in production, making it the largest deployment of artificial intelligence in customer service to date. This milestone cements Teneo.ai as a leader in scalable, efficient customer experience solutions, as its AI agents now handle tens of millions of customer interactions each month with speed, precision, and consistency.
Why This Matters
The deployment of 17,000 AI agents represents a pivotal moment in the evolution of contact centers, offering a solution to long-standing challenges such as high turnover, rising operational costs, and growing customer demand. By leveraging advanced automation, Teneo.ai enables businesses to scale without limits, transforming customer service into a competitive advantage.
“As the industry is catching up and launching tens of agents with fanfare our milestone isn’t just a technological achievement—it’s a turning point for the industry,” said Per Ottosson, CEO of Teneo.ai. “At a time when customer service expectations are at an all-time high, our customers 17,000 AI agents are helping businesses deliver faster, more consistent, and more cost-effective support than ever before. Thanks to our patented technology customers have been able to build agents at an incredible pace leveraging the latest AI developments like LLM’s”.
A New Era for Customer Service
The impact of 17,000 AI agents in production is monumental:
·Unprecedented Scale: AI agents now handle tens of millions of customer interactions monthly, far surpassing the capacity of human teams.
·Cost Savings: Businesses are saving millions annually by reducing turnover, automating repetitive tasks, and cutting operational expenses.
·Customer Satisfaction: AI agents achieve an industry-leading 60% first-call resolution (FCR), resolving issues faster and more effectively than traditional methods.
·Workforce Empowerment: Human agents are freed from repetitive, low-value tasks, allowing them to focus on complex customer needs.
The Industry’s Persistent Challenges
Teneo.ai’s milestone comes at a time when contact centers are facing growing pressures:
·Turnover Costs Are Unsustainable: With turnover rates exceeding 45%, companies spend up to $15,000 per human agent on recruiting, onboarding, and training.
·Scaling Is Expensive and Inefficient: Growing customer demand requires significant investments in staffing, training, and infrastructure.
·Customer Expectations Are Rising: Long wait times, inconsistent answers, and unresolved issues put businesses at risk of losing revenue and customer loyalty.
Teneo.ai’s customers deployment of 17,000 AI agents directly addresses these challenges, offering a scalable, cost-effective alternative to traditional contact center operations.
Client Success Stories
For businesses already leveraging Teneo.ai’s solutions, the results are clear. A Fortune 500 client shared:
“With Teneo.ai, we’ve achieved a level of scalability and consistency that was simply not possible with a traditional workforce. Customer issues are resolved faster, our costs have dropped, and our human agents are thriving in their new roles. It’s a game changer for us.”
Why 17,000 Matters
While smaller AI deployments have demonstrated the potential of automation, the scale of Teneo.ai’s achievement marks a significant leap forward for the entire industry. No other AI provider has reached this level of production in this short timeframe, solidifying Teneo.ai’s position as a pioneer in advanced customer service technology.
What’s Next for Teneo.ai
Building on the success of 17,000 AI agents, Teneo.ai is pushing the boundaries of what AI can achieve in customer service. With continued advancements in Agentic AI, the company is poised to handle even more complex customer needs, all while reducing costs and increasing satisfaction for its clients.
Dr. Felix Büchi, a leading expert in PEM electrolyzer technology, emphasizes that Smoltek’s porous transport electrode (PTE) solution represents a breakthrough in electrode design for electrolyzers. In an interview with Smoltek Hydrogen’s President, Ellinor Ehrnberg, he shares insights into the technology’s groundbreaking benefits and market potential.
“The unique thing about Smoltek's technology is that it enables the same performance as competing technologies, but with a much smaller amount of iridium on the electrode. Smoltek's PTE uses only 0.1–0.2 mg of iridium per square centimeter without compromising performance,” says Dr. Felix Büchi.
For electrolyzer manufacturers, reducing the use of iridium represents a significant opportunity to reduce costs and address supply constraints. Felix Büchi attests that Smoltek Hydrogen’s technology matches industry standards for performance while minimizing the need for precious metals, making it an attractive solution for commercial implementation.
By reducing the amount of iridium by up to 95 percent compared to conventional technology, Smoltek Hydrogen addresses the critical challenge of the severely limited global supply of iridium, which only amounts to about 7 tons per year. A reduced consumption of iridium is a prerequisite for the technology in PEM electrolyzers to be able to be scaled up to the extent required to produce fossil-free (green) hydrogen in the amount required by the carbon-neutral energy transition. In addition, costs are significantly reduced, as the price of iridium already far exceeds the price of gold.
Smoltek's groundbreaking iridium solution Smoltek Hydrogen has developed a unique method to grow carbon nanofibers directly onto the porous titanium substrate (PTL), dramatically increasing the catalytic surface area of the electrode. Iridium particles are then deposited in a thin layer onto the corrosion-protected carbon nanofibers. This enables the efficient use of iridium catalysts, even with minimal coating, providing high performance while significantly reducing iridium usage.
“What makes Smoltek Hydrogen's solution unique is that, using their nanostructure, they create a large surface area on the electrically conductive titanium substrate, which ensures that essentially all of the iridium is in electrical contact”, says Felix Büchi.
“By using a technology that so radically reduces the use of iridium, we are addressing the central problem that the entire hydrogen industry is concerned about. Dr. Büchi’s evaluation not only confirms that our technology works, but that it is also a key to cost-effective production of green hydrogen that can revolutionize the industry,” says Ellinor Ehrnberg, President of Smoltek Hydrogen.
About Dr. Felix Büchi Dr. Felix Büchi is an internationally leading researcher in PEM electrolyzers, with over 20 years of experience in electrolyzer technology at the Paul Scherrer Institute in Switzerland and around 50 scientific articles on PEM technology.
An article about the interview with Dr. Felix Büchi is available on Smoltek's IR blog . The interview can also be viewed on Smoltek's website: Smoltek's PTE technology stands out .
The acquisition includes the Conimex brand and its associated business, encompassing all trademarks and related intellectual property. Conimex’ portfolio of Asian cuisine products aligns perfectly with Paulig’s World Foods portfolio, creating opportunities for scaling Paulig’s sourcing and supply chain while delivering more flavourful experiences to its customers and consumers.
“We aim to shape a popular food culture, and with the acquisition of Conimex we want to make it easier for even more consumers to enjoy cooking Asian food at home. This acquisition establishes our position in the Asian category in the Netherlands. It also allows us to combine portfolio and concept development, leveraging Paulig’s strong R&D and production capabilities to grow our World Foods portfolio in Europe”, says Rolf Ladau, CEO of Paulig.
Conimex was founded in 1932 in Baarn, Netherlands, and has grown significantly over the years, expanding its product line to over 100 items. The brand has a brand awareness of 87 percent in the Netherlands, is recognizsed for its distinctive yellow packaging, and has become a staple in Dutch households.
Earlier this autumn, Paulig acquired Panesar Foods, a UK-based manufacturer of sauces, salsas and condiments. Paulig will now leverage Panesar Foods’ production capabilities to boost the growth of both Conimex and Santa Maria brands in Europe.
The closing of the acquisition of Conimex is subject to the merger control clearance by the Dutch competition authority and customary works council consultation procedures.
Media contact
Nils SjöbergHead of Corporate Communicationsnils.sjoberg@paulig.com+46 70 085 24 11
About Paulig
Paulig is an international food and beverage company, growing a new, sustainable food culture – one that is good for both people and the planet. Paulig provides all things tasty: Tex Mex, Snacks, coffees, World Foods and spices. The company's brands are Paulig, Santa Maria, Risenta, Poco Loco and Zanuy. Paulig also manufactures products for its private label and industry customers. In 2023, the company’s sales amounted to approximately EUR 1.2 billion. Paulig was founded in 1876 and is 100% owned by the Paulig family. The company has 2,500 passionate employees in 13 different countries working on our purpose For a life full of flavour.
YIT has agreed with Hitachi Energy on the construction of a new production and technology centre in Mustasaari
YIT has signed a project management contract with Hitachi Energy for the construction of a new production and technology centre in Vikby's industrial area in Mustasaari Finland. The project includes modern product development, testing and office premises for electrical and automation systems and a new high-tech transformer development, testing and production centre, which will enable Hitachi Energy to double transformer production capacity in Finland to meet the growing demand due to the energy transition. The value of the construction contract for YIT is approximately EUR 105 million, which will be recorded in the order book of the last quarter of the year.
The project includes the construction of a transformer plant, development, testing and office premises and ancillary buildings with earthworks and building technology works. The total area is around 44,000 square meters.
The earthworks are underway and the construction work will begin in February 2025. The project will be completed at the beginning of 2027.
“Our new Hitachi Energy Park production and technology centre in the Vaasa region is part of our company's global multibillion dollar investment in advancing a sustainable energy future. We are pleased with the cooperation agreement with the leading construction company YIT. With this investment, we will be able to more strongly support our customers' growing needs as energy production and consumption become more and more electrified, while at the same time giving us a solid basis for the growth of our business. The project schedule is a critical factor for us, as more capacity is needed as soon as possible”, said Matti Vaattovaara, Managing Director of Hitachi Energy Finland.
”We are delighted that we were chosen as a partner to implement Hitachi Energy´s new production and technology centre that advances green energy transition and supports the journey towards a carbon-neutral energy future. The project, which is in line with YIT's strategy, also supports the core technologies that are key to Finland's electricity supply security, promotes the growth of Finland's renewable energy production and supports the electrification of industry,” said Peter Forssell, EVP, Business Premises segment at YIT. For further information:YIT’s Corporate communications, tel. +358 44 743 7536, press@yit.fi
Distribution: Nasdaq Helsinki, major media, www.yitgroup.com
YIT is a leading construction and development company. Building on over 110 years of experience, we develop and build sustainable living environments: functional homes, future-proof public and commercial buildings, and infrastructure to support the green transition. We employ approximately 4,300 professionals in eight countries. Our revenue in 2023 was EUR 2.2 billion. YIT Corporation's shares are listed on Nasdaq Helsinki.
Read more: www.yitgroup.com and follow us on Linkedin I X I Instagram I Facebook
ASSA ABLOY has acquired Norshield Security Products (“Norshield”), a US manufacturer of high-security openings and enclosures.
"I am very pleased to welcome Norshield into the ASSA ABLOY Group. This acquisition delivers on our strategy to strengthen our position in mature markets through adding complementary products and solutions to our core business,” says Nico Delvaux, President and CEO of ASSA ABLOY.
"Norshield’s focus on certified ballistic, attack- and blast-resistant products complements our current high-security door portfolio and will enhance our expertise in this market,” says Lucas Boselli, Executive Vice President of ASSA ABLOY and Head of the Americas Division. “Norshield’s exemplary reputation for high-quality, innovative products and excellent customer service reflects our values, and I am excited for them to join ASSA ABLOY.”
Norshield was founded in 1981 and has some 70 employees. The main office and factory are located in Montgomery, Alabama, USA.
Sales for 2023 amounted to about MUSD 16 (approx. MSEK 170). The acquisition will be accretive to EPS from the start.
For more information, please contact:
Nico Delvaux, President and CEO, tel. no: +46 8 506 485 82Erik Pieder, CFO and Executive Vice President, tel. no: +46 8 506 485 72 Björn Tibell, Head of Investor Relations, tel. no: +46 70 275 67 68
About ASSA ABLOY
The ASSA ABLOY Group is the global leader in access solutions. The Group operates worldwide with 61,000 employees and sales of SEK 141 billion. The Group has leading positions in areas such as efficient door openings, trusted identities and entrance automation. ASSA ABLOY's innovations enable safe, secure and convenient access to physical and digital places. Every day, we help billions of people experience a more open world.
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, INTO OR WITHIN CANADA, AUSTRALIA, NEW ZEALAND, SOUTH-AFRICA, HONG KONG, JAPAN OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL. OTHER RESTRICTIONS APPLY.
18 December 2024
Reference is made to the stock exchange announcement published on 20 November 2024, where Faro BidCo ApS (the “Offeror”) announced that it had resolved to exercise its right to initiate and complete a compulsory acquisition of the shares held by the remaining minority shareholders of Everfuel A/S (the “Company” or “Everfuel”) in accordance with sections 70 and 72 of the Danish Companies Act (the “Compulsory Acquisition”), and formally requested the remaining minority shareholders to transfer their shares to the Offeror within a period of four (4) weeks (the “Compulsory Acquisition Period”).
The Compulsory Acquisition Period will expire today, 18 December 2024, at 23:59 CET. Shareholders who wish to transfer their shares to the Offeror can complete the acceptance form available on the Company’s website or in the statutory notice of compulsory acquisition of the shares in Everfuel held by the remaining minority shareholders.
Shareholders and prospective shareholders in Everfuel are informed that after the expiry of the Compulsory Acquisition Period, the Offeror will, against payment of the aggregate redemption price of NOK 13 per share in Everfuel of a nominal value of DKK 0.01, compulsorily acquire the remaining shares in the Company held by the minority shareholders who have not voluntarily transferred their shares to the Offeror prior to the expiry of the Compulsory Acquisition Period. As a result, the Offeror will become the sole shareholder of all issued and outstanding shares in the Company. Following the compulsory acquisition of the remaining shares in the Company, the Offeror will pursue a delisting of the Company's shares from Euronext Growth Oslo.
Shareholders and prospective shareholders in Everfuel are also informed that Everfuel has requested the Oslo Stock Exchange to suspend the trading of Everfuel’s shares on Euronext Growth Oslo from before the market opens on Thursday 19 December 2024.
Advisors
Nordea Bank Abp, filial i Norge, is acting as settlement agent, while Advokatfirmaet BAHR AS and Gorrissen Federspiel Advokatpartnerselskab are acting as legal advisors to the Offeror.
About Everfuel
Everfuel owns and operates green hydrogen infrastructure and partner with industry and vehicle OEMs to connect the entire hydrogen value chain and seamlessly provide hydrogen fuel to enterprise customers under long-term contracts. Green hydrogen is a 100% clean energy carrier made from renewable solar and wind power and key to decarbonising industry and transportation in Europe. Everfuel is an ambitious, rapidly growing company, headquartered in Herning, Denmark, and with activities in Denmark, Germany and The Netherlands, and a plan to grow across Europe. Everfuel is listed on Euronext Growth in Oslo under EFUEL.
Important notice
The Compulsory Acquisition and the terms and conditions of the Compulsory Acquisition are governed by Danish law and carried out in conformity with the requirements of Danish law. The Compulsory Acquisition is not subject to Norwegian law.
The notice for the Compulsory Acquisition and this announcement has not been and will not be reviewed or approved by the Norwegian FSA, the Danish FSA, Oslo Børs or any other regulatory authority or stock exchange.
The distribution of this announcement and other information in connection with the Compulsory Acquisition may be restricted by law in certain jurisdictions. The Offeror does not assume any responsibility in the event there is a violation by any person of such restrictions. Persons into whose possession this announcement or such other information should come are required to inform themselves about and to observe any such restrictions.
Forward-looking statements
This announcement, verbal statements made regarding the Compulsory Acquisition and other information published by the Offeror may contain certain statements about the Company, the Offeror and their respective affiliates and businesses as well as the timing and procedures relating to the Compulsory Acquisition are or may be forward-looking statements. These forward-looking statements are subject to a number of risks and uncertainties, many of which are beyond the Offeror's and the Company's control and all of which are based on the Offeror's current beliefs and expectations about future events. Forward-looking statements are typically identified by the use of forward-looking terminology such as "believes", "expects", "may", "will", "could", "should", "intends", "estimates", "plans", "assumes" or "anticipates" or the negative thereof or other variations thereon or comparable terminology, or by discussions of strategy that involve risks and uncertainties. Examples of forward-looking statements include, among others, statements regarding the Company's or the Offeror's future financial position, income growth, assets, impairment charges, business strategy, leverage, payment of dividends, projected levels of growth, projected costs, estimates of capital expenditures, and plans and objectives for future operations and other statements that are not historical fact. By their nature, forward-looking statements involve risk and uncertainty because they relate to events and depend on circumstances that will occur in the future. These events and circumstances include changes in the global, political, economic, business, competitive, market and regulatory forces, future exchange and interest rates, changes in tax rates and future business combinations or disposals. If any one or more of these risks or uncertainties materialises or if any one or more of the assumptions prove incorrect, actual results may differ materially from those expected, estimated or projected. Such forward looking statements should therefore be construed in the light of such factors. Neither the Company, the Offeror nor any member of their respective groups, nor any of their respective members, associates or directors, officers or advisers, provides any representation, assurance or guarantee that the occurrence of the events expressed or implied in any forward-looking statements in this announcement will actually occur. Given these risks and uncertainties, potential investors should not place any reliance on forward looking statements.
Any forward-looking statements made herein speak only as of the date they are made. The Company and the Offeror disclaim any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements contained in this announcement to reflect any change in the expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based.
Neste Corporation, Stock Exchange Release, 18 December 2024 at 9 a.m. (EET)
The Shareholders' Nomination Board, established through a decision of Neste Corporation's Annual General Meeting (AGM), has forwarded to the Board of Directors of the Company its proposals to the 2025 AGM.
Board Members
The Nomination Board proposes that the Board shall have eight members. The current members John Abbott, Nick Elmslie, Just Jansz, Conrad Keijzer, Pasi Laine and Sari Mannonen are proposed to be re-elected for a further term of office. The Nomination Board proposes that Anna Hyvönen and Essimari Kairisto shall be elected as new members. Matti Kähkönen, the Chair of Neste’s Board of Directors, is stepping down from his Board position as planned and will not be available for re-election for the next term of office. The Nomination Board proposes that Pasi Laine shall be elected as the Chair and John Abbott as the Vice Chair of the Board.
In addition to Matti Kähkönen, the current Board member Johanna Söderström has informed that she will not be available for re-election for the next period of office. Eeva Sipilä will start as Neste's CFO no later than 1 May 2025, and will resign from the company's Board before the AGM.
“The changed market environment and the uncertainties in the global economy and geopolitical situation are strongly reflected in Neste's business and create a need to update the strategy and operational focus areas. The Shareholders' Nomination Board wants to support Neste's transformation journey and has conducted a comprehensive review of the Board of Directors.The Nomination Board proposes that Pasi Laine shall be elected as the Chair, as he has extensive experience in the technology industry and a strong track record in both demanding leadership positions and Board work in stock listed industrial companies,” says Maija Strandberg, Chair of the Shareholders' Nomination Board and Director General at the Prime Minister's Office.
“Matti Kähkönen has been a member of Neste’s Board since 2017 and the Chair since 2018. During this time, Neste has grown into a significant international player in its field and the world's leading producer of sustainable aviation fuel and renewable diesel. On behalf of the largest shareholders of the company I want to warmly thank Matti Kähkönen for his excellent work in developing Neste over the past eight years. I also want to thank the entire Board and management for their good and active cooperation with the shareholders during the past year. The market and industry changes faced by the company have been significant, and in the new situation, we now hope that the company will be able to focus on implementation of its strategic priorities,” Strandberg continues.
“I will hand over the chairmanship of Neste's Board with confidence. Neste has the necessary prerequisites to solve the current challenges. The company has the world's leading renewable product value chain and personnel whose competence and commitment I am convinced of. The excellent level of technical competence and sustainability is deeply rooted in the company, which sets Neste apart from its competitors. I would like to thank Neste’s Board and management for their excellent cooperation over the past years and especially in the recent challenging market conditions,” says Matti Kähkönen, the Chair of the Board.
All persons proposed for Board service have given their consent to serving on the Board and are considered to be independent of the Company and its shareholders. A brief presentation of the proposed new members is attached to this release. More information on the persons proposed by the Nomination Board for Board service can be found at www.neste.com.
As regards the selection procedure for the members of the Board of Directors, the Shareholders’ Nomination Board recommends that shareholders take a position on the proposal as a whole at the AGM. This recommendation is based on the fact that at Neste, in line with the Nordic governance model, the Shareholders' Nomination Board is separate from the Board of Directors. The Nomination Board, in addition to ensuring that individual nominees for membership of the Board of Directors possess the required competences, is also responsible for making sure that the proposed Board of Directors as a whole also has the best possible expertise and experience for the Company and that the composition of the Board of Directors also meets other requirements of the Finnish Corporate Governance Code for listed companies.
Board Remuneration
The Shareholders’ Nomination Board concludes that the present remuneration proposal is part of a program for bringing Board remuneration to market level by 2026 as part of a long-term bringing of Board remuneration to a level comparable to those of peer companies. The Nomination Board annually brings proposals to this effect to the AGM in accordance with the Charter of the Nomination Board.
The proposal by the Nomination Board for remuneration to be paid to the Board members for the next term is as follows (remuneration for 2024 in brackets):
Annual fees:
Board members are paid the following fixed annual fees for the term starting at the end of the 2025 AGM and ending at the end of the 2026 AGM:
· Chair: EUR 165,000 (135,000), · Vice Chair: EUR 90,000 (75,000), · Chairs of the Committees EUR 90,000 (75,000 Chair of the Audit Committee) if the person does not simultaneously act as Chair or Vice Chair; and · Members: EUR 75,000 (60,000).
Meeting fees:
In addition to above mentioned fixed annual fees, the Board members will be paid as follows for participation in Board or committee meetings:
· EUR 1,000 (1,000) for meetings, or · EUR 2,000 (2,000 or 3,000, for meetings held outside the same continent as the member’s home country) for meeting, if the member travels to the meeting outside his/her home country · The meeting fee for meetings held over the telephone or through other means of data communication is paid according to the fee payable for meetings held in the member's home country. · In addition, compensation for expenses is paid in accordance with the Company's travel guidelines.
Payment in the form of shares:
Part of the fixed annual fees will be paid in the form of shares in Neste Corporation to be purchased from the markets as follows:
A portion of 40% of the fixed annual fee will be paid in the form of shares and the remainder in cash. Meeting fees will be paid in cash. The shares will be purchased directly on behalf of the Board members within two weeks as of the first trading day of the Helsinki Stock Exchange following the publication of the interim report for the period 1 January to 31 March 2025. If the shares are not purchased and/or delivered based on a reason pertaining to the Company or the Board member, the fee will be in cash in its entirety. The Company is responsible for any transfer tax potentially levied on the purchase.
The Shareholders' Nomination Board’s composition and the decision making
The Shareholders' Nomination Board was established on 7 June 2024. It comprises, in accordance with its Charter adopted by the AGM on 27 March 2024, representatives of the three largest shareholders based on the situation on the first weekday of June: Director General Maija Strandberg of the Ownership Steering Department in the Prime Minister’s Office of Finland, as the Chair, and Senior Vice President, Investments Timo Sallinen of Varma Mutual Pension Insurance Company and President and CEO Jouko Pölönen of Ilmarinen Mutual Pension Insurance Company, as its members. Matti Kähkönen, the Chair of Neste's Board of Directors, acts as an expert to the Nomination Board.
The Nomination Board made the above-mentioned proposals unanimously. These proposals will be included in the notice convening the 2025 AGM which will be announced later.Neste CorporationHanna MaulaSenior Vice President, Communications, Sustainability and Public AffairsFurther information: The Chair of the Nomination Board, Director General Maija Strandberg of the Ownership Steering Department in the Prime Minister’s Office of Finland tel. + 358 50 407 8423
M.Sc. (Econ.) Magnus Sjöblom has been appointed as Glaston's new Chief Financial Officer (CFO) and member of the Executive Leadership Team. Magnus Sjöblom will take up this position on March 1, 2025, and will report to CEO Toni Laaksonen.Magnus Sjöblom joined Glaston in 2022 and takes over as CFO from the position of VP, Business Control & Strategy. Prior to Glaston, Magnus Sjöblom worked for Posti Group Oyj, where he was Head of Finance, Media and Partners 2019−2022. Before that, he held various financial leadership roles at UPM, Microsoft and Nokia.
“I am very pleased with Magnus Sjöblom’s appointment as our CFO and happy that we were able to find an internal successor with excellent business and financial skillset for this position. During the past two years, Magnus has demonstrated a strong commitment to the company with a mindset of continuous improvement. I’m confident that with Magnus’ contribution, we can further accelerate Glaston’s strategy execution,” says Toni Laaksonen, Glaston’s President & CEO.
As communicated on December 4, 2024, Glaston’s current CFO Päivi Lindqvist will leave the company on March 16, 2025. She will join Patria Oyj.
For further information, please contact:President & CEO Toni Laaksonen, tel. +358 10 500500
Glaston CorporationPia Posio, VP, Communications, Marketing and IR, Tel. +358 10 500 5076
Glaston in brief
Glaston is the glass processing industry’s innovative technology leader supplying equipment, services and solutions to the architectural, mobility, display and solar industries. The company also supports the development of new technologies integrating intelligence to glass.
Glaston is committed to providing its clients with both the best know-how and the latest technologies in glass processing, with the purpose of building a better tomorrow through safer, smarter, and more energy efficient glass solutions. Glaston operates globally with manufacturing, services and sales offices in nine countries and its shares (GLA1V) are listed on Nasdaq Helsinki Ltd.
Distribution: Nasdaq OMX, key media, www.glaston.net
In March 2023, GomSpace revised its market guidance, shifting its focus from revenue and EBIT to free cashflow, with an ambition to achieve positive free cashflow in the second half of 2024. This strategic adjustment aimed to simplify communications while stabilizing and reshaping the company’s operations.
GomSpace will deliver a positive free cashflow not only in the second half of 2024, but with an expected strong closing of the year, the company will deliver a positive free cashflow for the full year of 2024.
As part of its transformation, GomSpace reorganized into three distinct Business Units (BU), each operating with its own financial targets. These units are now fully operational and contribute to the company’s clarity and performance.
Building on these changes, bolstered by a healthy improvement in the order backlog in Programs, and enhanced cashflow performance, the company will provide guidance on revenue, EBITDA, and free cashflow starting in 2025.
CEO Carsten Drachmann commented: "The past 18 months have been a rewarding journey of change. While there is still work to be done, I am very pleased that we now have sufficient control over the business to provide meaningful guidance on revenue and profitability. Starting in 2025, we will report EBITDA as a key performance indicator in our quarterly reports, underscoring our commitment to improving profitability”.
Carsten continues:” Global demand for surveillance and marine domain awareness continues to grow as nations seek control over space assets for security and sovereignty. This is reflected in our contract with the Ministry of Fishery & Marine Affairs Indonesia. The status remains unchanged; GomSpace is well-positioned to close, pending execution of the financing agreement under the new government. Notably, the 2025 market guidance in this release does not rely on this contract, though its finalization would provide upside potential”.
The company refers to the press release for details on the Indonesian contract from September 30, 2024.
2025 Guidance (All figures in Swedish Kronor)
· Revenue: 320M to 380M (2024 estimate: better than 245M) · EBITDA: -2% to +10% (2024 estimate: better than -10%) · Free cashflow: Positive for the full year of 2025 (positive for the full year 2024)
(Note: 2024 figures in parentheses are estimates and subject to revision as final results are confirmed.)
The company expects strong revenue performance in 2025, supported by a solid order backlog in Programs BU, with over 70% of revenue already contracted. North America BU anticipates high double-digit growth, driven by product sales, while Products BU forecasts low double-digit growth compared to 2024.
EBITDA will depend on order intake in Products and North America BUs, both benefiting from strong product margins. With an average delivery time of 3 months, the visibility to order intake is 3-4 months. Programs BU provides longer-term visibility but relies on timely execution and securing new contracts in H1 2025 to fill capacity in the second half of the year.
The company continues to enhance its product portfolio to remain competitive, while pursuing organic growth in North America through reinvestment of profits to expand regional presence. Additionally, the company will invest in digitalization, including AI implementation where beneficial, to improve efficiency and reliability.
Positive free cashflow is projected for 2025, factoring in planned growth investments. Quarter fluctuations are expected due to the timing of payment milestones and product order intake.
With the existing Programs backlog, 2025 targets do not depend on major new contracts. However, securing a significant contract, such as with Indonesia’s Ministry of Fishery & Marine Affairs, could push results toward the upper guidance range.
With the ongoing transformation and market momentum, GomSpace is well-positioned to deliver sustainable growth and profitability, aligned with its vision of being a leading player in the evolving space industry and marine domain awareness market.
For more information, please contact:Anne Breüner (Head of Corporate Affairs)Tel: +45 40 200 192E-mail: anbr @ gomspace.com
About GomSpace Group ABThe company’s business operations are mainly conducted through the wholly-owned Danish subsidiary, GomSpace A/S, with operational office in Aalborg, Denmark. GomSpace is a space company with a mission to be engaged in the global market for space systems and services by introducing new products, i.e. components, platforms and systems based on innovation within professional nanosatellites. The company is listed on the Nasdaq First North Premier exchange under the ticker GOMX. FNCA Sweden AB is the Company’s Certified Adviser. For more information, please visit our website on www.gomspace.com.MiscellaneousThis information is information that GomSpace 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 above, 8:30 a.m. CET on December 18, 2024.
Gothenburg, 18 December 2024: SKF has been awarded a Platinum Medal by EcoVadis, one of the most trusted providers of sustainability ratings for use in supply chains, for the fifth consecutive year. The Platinum Medal is the highest level of recognition from EcoVadis and it places SKF in the top 1% of over 130,000 companies assessed globally for its commitment to sustainable business practices.
“Receiving the EcoVadis Platinum Medal for the fifth year in a row is a proud moment for us. This award highlights our dedication to sustainable business practices and reflects the efforts of our many colleagues to drive positive change. We will continue taking action to achieve impact in sustainability, as well as supporting our customers and stakeholders with their own sustainability progress.” says Magnus Rosén, Head of Sustainability at SKF.
The EcoVadis assessment evaluates 21 sustainability criteria across four core themes: Environment, Labour and Human Rights, Ethics and Sustainable Procurement. SKF’s rating identified several strengths across the Group’s business, including advanced reporting on sustainability issues and sustainability management systems. As well as scoring highly across all areas, EcoVadis highlighted SKF’s strong decarbonization ambition with approved science-based targets, the high level of coverage of ethics actions throughout company operations and an exceptional level of sustainable procurement actions. SKF’s supplier code of conduct and training of buyers on social and environmental issues within the supply chain was also noted.
EcoVadis’ business sustainability ratings are based on international sustainability standards, such as the Ten Principles of the UN Global Compact, the International Labor Organization (ILO) conventions, the Global Reporting Initiative (GRI) standards and the ISO 26000 standard. The ratings provide an evidenced-based analysis on performance and an actionable roadmap for continuous improvement.
Aktiebolaget SKF (publ)
MilDef has delivered tactical IT to FMV since 1997. The latest order is for the implementation of MilDef's software, which is already in operation in other Nordic countries. Based on the OneCIS installation software, it enables efficient and secure communication at all necessary levels between collaborating units in the NATO system.
“As the Swedish defense becomes an integral part of NATO, MilDef is proud to contribute with a system that simplifies and streamlines communication between cooperating nations. Our unique software OneCIS connects both systems and nations for increased collaboration and capability. For MilDef, FMV's confidence points to our ability to deliver a comprehensive solution with the full breadth of our portfolio, ie software, hardware and integration services”, says Daniel Ljunggren, President and CEO MilDef.
MilDef's OneCIS software enables rapid deployment of tactical IT services to, for example, mobile command and control systems, tactical units and rapid response forces. In this case, the systems will be installed on a number of Navy ships and command posts, for increased interoperability and secure communication within NATO nations' cooperating units.The information was submitted for publication, through the agency of the contact persons set out below, at 10:00 CET on December 18, 2024.
- We believe in the importance of the wind production cluster and the region for Sweden's energy transition and expansive new industry sector. By acquiring Markbygden Net Väst, we aim to contribute to the growth of the green economy in both the Piteå area and Sweden as a whole, says Johan Lindehag, CEO at Ellevio.
Ellevio is one of Sweden’s largest energy companies, with some one million customers and a growing portfolio of energy services, energy storage, and solutions for a transforming energy market. For a long time, Ellevio has been working to facilitate the connection of additional wind and solar farms within its electricity network areas in central Sweden.
- Last year’s investment in Markbygden Net was not an isolated event. With this new acquisition, we are taking further steps in the development of the distribution grid, paving the way for both electricity production and other industries, Lindehag says.
Unlike Markbygden Net, which Ellevio acquired in 2023, the infrastructure of Markbygden Net Väst is not yet completed. This provides greater opportunities to scale and adapt the grid to future needs, thereby supporting regional electrification and the growth of green industries. Through its scale, resources, and expertise in procurement and project management, Ellevio can offer critical capabilities that will benefit future customers.
- Within 20 years, Sweden is expected to need twice as much electricity as it does today. Following the decision to halt many planned offshore wind farms, onshore wind clusters like Markbygden 1101 become absolutely critical. We will work actively with our customers to enable the grid connection needed to complete wind production quickly and securely, Johan Lindehag concludes.
About the acquisition
· Markbygden 1101 is one of Europe's largest wind farms, with a total planned capacity estimated at approximately 3 400 MW and an annual production of up to 12 TWh – equivalent to about 7 percent of Sweden's total electricity generation. The production capacity can be compared to the annual output of the Lule River, which is approximately 14 TWh. · Markbygden Net Väst’s grid is currently in the development phase and the connected capacity is only around 250 MW. The total planned capacity is 1 700 MW, equivalent to that of a nuclear power plant. The grid has a connection point to the national transmission grid, with a planned series of wind farms to be connected along the network. · Ellevio Holding 1 AB take over Markbygden Net Väst AB 18 December 2024. · The seller is the German turbine manufacturer ENERCON GmbH. ENERCON’s Regional Head for Central and Northern Europe, Benjamin Seifert, comments:“Installation and operation of network infrastructure are not part of ENERCON's core business, and this divestment aligns with the strategy we communicated when we began developing wind farms in the region more than a decade ago. Our ambition has been to ensure continued expansion by transferring operations to a reliable and experienced electricity grid operator. With Ellevio, all current and potential customers will benefit from a well-established, strong, and knowledgeable partner who will ensure the best possible performance for Markbygden Net Väst.”
Contact for media
Jesper Liveröd, Head of Media Relations+46 70 929 96 23jesper.liverod@ellevio.se
Ellevio Press Office, available 24/7, +46 20-20 20 60press@ellevio.se
Mesabi Metallics has awarded Metso an order for beneficiation plant equipment for their Direct-Reduction (DR) grade iron ore plant in Nashwauk, Minnesota. The Mesabi plant helps ensure supply chain security for DR grade pellets in the United States while supporting the decarbonization of steel production.
“The Concorde Cell[TM] flotation cells, a crucial component of the equipment delivery, are vital for ensuring flotation performance in Nashwauk’s iron ore application. These high-intensity flotation cells, part of the Metso Plus offering, allow operations to improve fine and ultrafine particle selectivity,” says Martin Nevens, Director, Minerals Sales, North and Central America at Metso.
In addition to the flotation cells, Metso’s delivery includes slurry pumps, industry-leading SC vacuum filters for the dewatering of iron concentrate, and Low Intensity Magnetic Separators (LIMS) for recovering magnetic material.
The order value is approximately EUR 10 million and it is booked in the Minerals segment’s 2024 fourth-quarter orders received.
Find out more about Metso’s flotation offering on our website .
Further information:
Martin Nevens, Director, Minerals Sales, North and Central America, Metso. tel. +1-904-206-2747, email: martin.nevens(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
CANNORDIC, the production and sales distribution subsidiary of CS MEDICA, has achieved a significant milestone by sending its first invoice to Iraq this week. The order includes the first 3.000 units of the anti-hair loss serum, converting tDKK 336 of its order pipeline for the MENA region. This achievement underscores CS MEDICA's commitment to expanding its footprint in the Middle East and North Africa (MENA) market.
The anti-hair loss serum, now officially approved for sale in Iraq, is part of the company's portfolio of CBD-infused self-care products. Complementary hair care products are currently awaiting final approval to proceed into production, further enhancing the product offering in the region.
"This is a milestone for us," said Lone Henriksen, CEO of CS MEDICA. "While this may seem like a small order, it represents the beginning of a large potential. We were the first to have CBD-infused medical devices approved by the Israel Health Ministry, and we are now starting to see approvals and progress in other emerging countries. This supports our vision of bringing innovative, non-addictive solutions to global markets under strict compliance tracks. The interest in the MENA region continues to grow and now comprises 83.6% of our current pipeline, representing approx. MDKK 41.3 of total."
Why the MENA Region?
Hair loss is a significant concern in the Middle East and Africa, with prevalence rates among men and women ranging from 30% to 50%[1] driven by factors such as increasing prevalence of hair loss conditions, rising awareness about treatment options, and advancements in product offerings tailored to the specific needs of the region. The hair loss treatment market was valued at approximately USD 140.7 million in 2022 and is projected to reach around USD 200.1 million by 2030, growing at a CAGR of 4.5% during the forecast period[2].
It's important to note that while the MENA region shows significant growth potential, the global hair loss treatment market is also expanding, with projections indicating a rise from USD 8.77 billion in 2023 to higher valuations by 2030, at a CAGR of 9.1%[3]. This highlights the relevance and demand for CS MEDICA's anti-hair loss serum in addressing a pressing consumer need.
Regulatory Progress and Strategic Adjustments
In Jordan, CS MEDICA has successfully classified five of its medical devices and one cosmetic and is awaiting final approval to begin production and sales. In the UAE, the company has received approval to sell its treatments as conventional medicine with prescription. However, to align with its vision of ensuring broad patient access and non-prescription treatment availability, CS MEDICA is revisiting the regulatory strategy for this market.
[1] Cureus
[2] Databridge Market Research
[3] Grand View Research
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, INTO OR WITHIN CANADA, AUSTRALIA, NEW ZEALAND, SOUTH-AFRICA, HONG KONG, JAPAN OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL. OTHER RESTRICTIONS APPLY.
19 December 2024
Reference is made to the stock exchange announcement published on 20 November 2024, where Faro BidCo ApS (the “Offeror”) announced that it had resolved to exercise its right to initiate and complete a compulsory acquisition of the shares held by the remaining minority shareholders of Everfuel A/S (the “Company” or “Everfuel”) in accordance with sections 70 and 72 of the Danish Companies Act (the “Compulsory Acquisition”), and formally requested the remaining minority shareholders to transfer their shares to the Offeror within a period of four (4) weeks (the “Compulsory Acquisition Period”).
The Offeror hereby announces that the Compulsory Acquisition Period has expired. During the Compulsory Acquisition Period, the Offeror has received acceptances for 1,629,188 shares, which brings the Offeror's total shareholding in the Company to 79,777,069 shares, representing approximately 92.46% of the total issued and outstanding share capital and voting rights in the Company.
Following the expiration of the Compulsory Acquisition Period, the Offeror will, in accordance with sections 70 and 72 of the Danish Companies Act and upon payment of the aggregate redemption price of NOK 13 per share in Everfuel (each with a nominal value of DKK 0.01) compulsorily acquire the remaining shares in the Company held by the minority shareholders who have not voluntarily transferred their shares to the Offeror prior to the expiry of the Compulsory Acquisition Period. The price of NOK 13 per share in Everfuel corresponds to the price offered in the Offeror's unregulated recommended voluntary tender offer to acquire all issued and outstanding shares in the Company, except for shares acquired separately from certain shareholders outside the offer or held in treasury by the Company (the “Offer”), and paid by the Offeror to shareholders having accepted the Offer, and also corresponds to the consideration in the form of issuance of loan notes by the Offeror to certain shareholders in Everfuel that transferred their shares to the Offeror prior to completion of the Offer on 19 November 2024.
As a result, the Offeror will become the sole shareholder of all issued and outstanding shares in the Company. Following the Compulsory Acquisition of the shares held by the remaining minority shareholders in the Company, the Offeror will pursue a delisting of the Company's shares from Euronext Growth Oslo. Reference is also made to the stock exchange announcement published on 18 December 2024, where shareholders were informed that the trading of the Company's shares on Euronext Growth Oslo will be suspended as of today, 19 December 2024.
Furthermore, please see the attached notification form received by Everfuel from the Offeror in accordance with the Market Abuse Regulation article 19.
Advisors
Nordea Bank Abp, filial i Norge, is acting as settlement agent, while Advokatfirmaet BAHR AS and Gorrissen Federspiel Advokatpartnerselskab are acting as legal advisors to the Offeror.
About Everfuel
Everfuel owns and operates green hydrogen infrastructure and partner with industry and vehicle OEMs to connect the entire hydrogen value chain and seamlessly provide hydrogen fuel to enterprise customers under long-term contracts. Green hydrogen is a 100% clean energy carrier made from renewable solar and wind power and key to decarbonising industry and transportation in Europe. Everfuel is an ambitious, rapidly growing company, headquartered in Herning, Denmark, and with activities in Denmark, Germany and The Netherlands, and a plan to grow across Europe. Everfuel is listed on Euronext Growth in Oslo under EFUEL.
Important notice
The Compulsory Acquisition and the terms and conditions of the Compulsory Acquisition are governed by Danish law and carried out in conformity with the requirements of Danish law. The Compulsory Acquisition is not subject to Norwegian law.
The notice for the Compulsory Acquisition and this announcement has not been and will not be reviewed or approved by the Norwegian FSA, the Danish FSA, Oslo Børs or any other regulatory authority or stock exchange.
The distribution of this announcement and other information in connection with the Compulsory Acquisition may be restricted by law in certain jurisdictions. The Offeror does not assume any responsibility in the event there is a violation by any person of such restrictions. Persons into whose possession this announcement or such other information should come are required to inform themselves about and to observe any such restrictions.
Forward-looking statements
This announcement, verbal statements made regarding the Compulsory Acquisition and other information published by the Offeror may contain certain statements about the Company, the Offeror and their respective affiliates and businesses as well as the timing and procedures relating to the Compulsory Acquisition are or may be forward-looking statements. These forward-looking statements are subject to a number of risks and uncertainties, many of which are beyond the Offeror's and the Company's control and all of which are based on the Offeror's current beliefs and expectations about future events. Forward-looking statements are typically identified by the use of forward-looking terminology such as "believes", "expects", "may", "will", "could", "should", "intends", "estimates", "plans", "assumes" or "anticipates" or the negative thereof or other variations thereon or comparable terminology, or by discussions of strategy that involve risks and uncertainties. Examples of forward-looking statements include, among others, statements regarding the Company's or the Offeror's future financial position, income growth, assets, impairment charges, business strategy, leverage, payment of dividends, projected levels of growth, projected costs, estimates of capital expenditures, and plans and objectives for future operations and other statements that are not historical fact. By their nature, forward-looking statements involve risk and uncertainty because they relate to events and depend on circumstances that will occur in the future. These events and circumstances include changes in the global, political, economic, business, competitive, market and regulatory forces, future exchange and interest rates, changes in tax rates and future business combinations or disposals. If any one or more of these risks or uncertainties materialises or if any one or more of the assumptions prove incorrect, actual results may differ materially from those expected, estimated or projected. Such forward looking statements should therefore be construed in the light of such factors. Neither the Company, the Offeror nor any member of their respective groups, nor any of their respective members, associates or directors, officers or advisers, provides any representation, assurance or guarantee that the occurrence of the events expressed or implied in any forward-looking statements in this announcement will actually occur. Given these risks and uncertainties, potential investors should not place any reliance on forward looking statements.
Any forward-looking statements made herein speak only as of the date they are made. The Company and the Offeror disclaim any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements contained in this announcement to reflect any change in the expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based.
Montage Gold mining company has awarded an order to Metso for the delivery of key minerals processing equipment for the company’s Koné Gold Project in Côte d’Ivoire. The value of the order is approximately EUR 50 million, and it is booked in Minerals segment’s’ 2024 fourth-quarter orders received.Metso’s delivery includes a large dual-pinion Premier™ grinding mill with an impressive installed power of 22MW and an HRC™ 2400e high-pressure grinding roll (HPGR), which combines energy-efficiency and high throughput while reducing operational costs. The ball mill will be equipped with Metso’s metallic mill lining and Polymer Hydrostatic Shoe Bearing (HSB) system, increasing reliability and reducing maintenance costs. The HRC™ will be equipped with industry-leading flanged roll technology enabled by Metso's advanced mechanical skew control system.
For the crushing circuit, Metso’s delivery consists of a Superior™ MKIII 54-75 primary gyratory crusher and Nordberg® MP1250 cone crushers. In addition, Metso will deliver High Rate thickeners with Reactorwell™ feed system. The Premier™ ball mill, HRC™e HPGR and High-Rate Thickeners with Reactorwell™ feed system are part of the Metso Plus offering.
"We are pleased to have chosen Metso for our HPGR installation after a thorough due diligence process, which included detailed trade-off studies and site visits to evaluate the performance of Metso’s HPGR at a mine site, demonstrating high and reliable throughput. It was also a pleasure to visit their factory and meet the dedicated employees who are committed to delivering our installation on time and within budget. We look forward to a strong partnership with Metso, driven by their advanced technology, and their strong commitment to service and ongoing support," said Peder Olsen, President & Chief Development Officer at Montage Gold.
“Given that Montage Gold’s Koné project ranks as one of the highest quality gold projects in Africa due to its sizeable low-cost production and long mine life, we are very pleased to have been chosen as the partner for the delivery of the key processing equipment for this project. Our aim is to optimize the process for sustainable, high throughput with reliable, energy-efficient, and safe technology,” said Kai Rönnberg, Vice President, Minerals, Asia-Pacific at Metso.
Metso is a leading provider of energy-efficient comminution solutions, supported by value-adding full flow sheet offering. Find out more about Metso’s comprehensive offering for the mining industry on our website .
Further information:
Kai Rönnberg, Vice President, Minerals, Asia Pacific, Metso, tel. +61 407 020 306, email: kai.ronnberg(at)metso.com
Helena Marjaranta, Vice President, Communications and Brand, Metso Corporation, 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
The steel sourced from Swiss Steel Group is used directly to produce components across SKF’s European plants as well as by the Group’s suppliers. Use of the “GreenSteel Climate+” compared to ordinary produced steel has reduced SKF’s CO2 emissions related to steel bars and wire by 40% over a period of nine months.
"SKF is committed to decarbonizing our operations by 2030 and achieving net-zero emissions across our supply chain by 2050. The significant CO2 reduction from using Green Steel Climate+ products within a year is very encouraging and a step forward in achieving these goals. We will now focus on looking on how we can apply these lessons to our broader business", says Magnus Rosen, Head of Sustainability at SKF.
As one of the largest electric arc furnace steel producers in Europe, the Swiss Steel Group has specialised knowledge in recycling, the circular economy, and electric arc furnace technology. Swiss Steel Group's crude steel CO2 emissions are significantly lower than the industry average. Additionally, Green Steel Climate+ is manufactured solely using renewable electricity, significantly reducing Scope 2 emissions. This has resulted in an average 40% reduction in CO2 emissions for the products delivered to SKF by using Green Steel Climate+.
This agreement with a significant partner like SKF marks a major milestone for Swiss Steel Group in advancing sustainable supply chains. Steel plays a key role in the decarbonization of end products, and our expertise in recycling, circular economy, and electric arc furnace technology enables us to produce crude steel with up to 83% lower CO2 emissions than the industry average.” says Frank Koch, CEO of Swiss Steel Group.
SKF has committed to decarbonize all its operations by 2030 and to have a supply chain with net zero greenhouse gas emissions by 2050. Work to reduce scope 1 and 2 emissions at SKF delivered an absolute year on year reduction of 18% in 2023 and SKF is on track to deliver on its 2030 target.
Aktiebolaget SKF
(publ)
SKF is a world-leading provider of innovative solutions that help industries become more competitive and sustainable. By making products lighter, more efficient, longer lasting, and repairable, we help our customers improve their rotating equipment performance and reduce their environmental impact. Our offering around the rotating shaft includes bearings, seals, lubrication management, condition monitoring, and services. Founded in 1907, SKF is represented in more than 130 countries and has around 17,000 distributor locations worldwide. Annual sales in 2023 were SEK 103,881 million and the number of employees was 40,396. www.skf.com ® SKF is a registered trademark of the SKF Group.
In today's fast-paced world, customers need quick, easy access to information. In fact, the demand for instant information has never been greater, with everyone looking for readily available answers at the click of a button. SKF Product assistant meets this demand by providing instant guidance, helping customers find solutions quickly and efficiently. This tool saves valuable time and effort, bringing customers one step closer to resolving their issues.
“SKF holds extensive data on its website in the form of catalogues, specification sheets and manuals. Finding specific information within such a large resource can be difficult and time-consuming. SKF Product assistant gives fast, direct access to SKF knowledge with speed and precision. This added functionality, now in beta form, aims to help users find what they need from the search alone – without the need to wait for expert advice,” says Linus Wahlterius, Manager of Product Strategy at SKF.
SKF Product assistant also caters to the needs of web users who search using questions rather than keywords. For example, it can answer relatively simple requests like “what is the dimension of a 6210 bearing?” and handle more complex queries such as “what is the difference between 6210 and 6210 N?”, providing customers with information instantly.
“One of the focus areas in our technology strategy is to deliver software and digital insights where applied AI is a big area. Previously, we have launched several digital tools to help customers select SKF products, integrating them into their designs or calculating the CO2 impact of various product choices and design decisions. The SKF Product assistant exemplifies our digitalization strategy, by empowering customers with instant access to information, ensuring a seamless and efficient experience." Annika Ölme, CTO and SVP Technology Development, SKF.
The digital assistant, developed by software specialists and SKF application engineers, surpasses the capabilities of general large language models (LLMs) when it comes to SKF product information, as it’s focused on capturing the human logic needed to understand and answer technical customer questions. Searching for SKF information using SKF Product assistant will be faster than one made using a standard search engine.
SKF has already introduced SKF Product assistant to its English language websites – including the UK, US, India and SKF Group. Next year, the company will look to expand this capability to non-English websites. The tool forms part of SKF’s growing digital offering, including SKF Product select – which helps users evaluate and choose components like bearings, seals and housings.
Aktiebolaget SKF
(publ)
The film captures the determination and sacrifice during an era when female aviators were virtually unheard of. The films pay tribute to the pioneers who broke barriers and inspired future generations of women in aviation. Reflecting on his motivation, Nicolas Bori shares: "The first female pilots achieved what once seemed impossible. Their courage to break norms in the 1950s and 60s inspired me to tell a story that celebrates the power of dreams and ignites hope for future generations. I’m thrilled to have SAS as a presenting partner, given their role in aviation history."
SAS is proud to present Breaking Glass, a heartwarming film by Nicolas Bori and produced by Konrad Steuer. This inspiring story celebrates the remarkable journeys of Turi Widerøe, Bonnie Tiburzi, and other courageous female pioneers who defied the odds to become the first women pilots in aviation. Their groundbreaking achievements not only shattered barriers but also paved the way for future generations of women to soar in the skies. Breaking Glass celebrates a landmark moment in SAS history becoming the first commercial airline to hire a female pilot in 1969.
“As we reflect on the magic of the season, their stories remind us of the courage to chase dreams and believe anything is possible," says SAS President & CEO Anko van der Werff. “At SAS, we honor the boldness of these incredible women and are inspired by their legacy to welcome more women into the cockpit. Turi Widerøe’s historic hiring at SAS showed the power of breaking barriers and drives our commitment to a more inclusive future. Wishing you a Christmas filled with joy, inspiration, and endless possibilities”.
Written and directed by Argentine director Nicolas Bori and produced by Konrad Steuer, Breaking Glass authentically recreates the 1950s and 60s, overcoming unique technical challenges to vividly capture the era. The film´s aviation scenes were brought to life with the help of vintage aircraft collectors who provided meticulously restored, flight-ready planes, adding an unparalleled level of authenticity to the story.
Breaking Glass has already received critical acclaim, winning several awards, including the Gold Screen in the Film School category at the 2024 Young Director Award and recognition at Berlin Commercial.
The film will be available to watch through multiple channels: via flysas.com/breakingglass , on SAS In-Flight Entertainment starting in Q1 2025, or the SAS app for viewing during flights.
Credits:
Director: Nicolas Bori
Producer & Production Manager: Konrad Steuer
Director of Photography: Valentin Lilgenau, AAC
Editor: David Gesslbauer
Production Design: Sophie Luise Rohm, Karla Fehlenberg, Jan Christoph Scheurer
Cast: Laeni Geiseler, Trixi Janson, Jana Heinisch, Steffen Wink and many more.
The project will leverage Teneo.ai's advanced Voice AI platform, renowned for its scalability, multilingual support, and ability to automate voice calls with Business Systems’ expertise in contact center solution design. This automation significantly reduces operational costs while empowering contact center agents to focus on high-value tasks, such as upselling opportunities and resolving complex inquiries. By minimizing repetitive tasks with AI-driven agents, the solution enhances customer satisfaction while driving business growth.
"We are delighted to support Business Systems in this transformative initiative," said Per Ottosson, CEO from Teneo.ai. "Our Voice AI technology is uniquely positioned to deliver personalized, intuitive experiences at scale while enabling businesses to optimize their operations for the digital age."
This collaboration reflects the shared commitment of Teneo.ai and Business Systems to empower organizations with innovative solutions that transform customer service and drive operational excellence.
Terminal 6 is a key component of the Port Authority of New York and New Jersey's $19 billion transformation of John F. Kennedy International Airport into a world-class gateway, with two new terminals, two expanded and modernized terminals, a new ground transportation center, and an entirely new, simplified roadway network.
Norse Atlantic, which was recently ranked the 15th largest airline at JFK airport*, currently operates a nonstop service from JFK Terminal 7 to Athens, Berlin, London Gatwick, Oslo, Paris and Rome using its state-of-the-art Boeing 787 Dreamliner aircraft, offering passengers both Economy Class and Premium cabins. Founded in 2021, Norse Atlantic began operating from JFK Terminal 7 with one daily flight to London Gatwick in 2023 and has since grown its service extensively to include up to six daily flights to top destinations in Europe during the peak 2024 summer period.
Beginning in 2026, Norse Atlantic passengers will be among the first to experience T6’s digital-first, boutique guest experience, with a less than 5-minute average walk from the TSA security checkpoint exit to all gates,100,000 square feet of NYC-inspired shopping, dining, lounges and amenities, curated public art, sustainable operating features, and a premium guest experience throughout the terminal.
“We have enjoyed a fantastic partnership with Norse Atlantic since the very beginning of their JFK T7 operations, and are excited to have them join us at the new T6, where Norse Atlantic passengers can expect nothing less than a five-star experience,” said Steve Thody, CEO, JFK Millennium Partners, the company selected by the Port Authority of New York & New Jersey to manage Terminal 7 and build and operate John F. Kennedy International Airport’s new world-class Terminal 6 (T6).
"JFK remains a cornerstone in our network strategy, serving as a gateway between the United States and Europe. Establishing Terminal 6 as our main hub in 2026 will enable us to offer an even more seamless and modern travel experience to our passengers. We are proud to continue our growth at JFK, reinforcing its status as a key hub that supports our vision of making continents and cultures accessible to more people", said Bård Nordhagen, Chief Commercial Officer at Norse Atlantic Airways.
About JFK Terminal 6
Currently under construction at John F. Kennedy International Airport, Terminal 6 is being developed in two phases, with the first six gates opening in 2026 and construction completion expected by 2028.
Terminal 6 features include:
· 10 gates, of which nine will accommodate widebody aircraft · State-of-the-art automated baggage system, customs/border control facilities, and the latest TSA screening technologies · One of the longest departures curbs at JFK, with airline-branded passenger drop-off zones · A new ground transportation center · A curated collection of New York City-inspired artwork featuring local and international artists, curated by the Public Art Fund in partnership with JMP and the Port Authority of New York & New Jersey · Sustainably-sourced building materials, rooftop solar power, and energy efficient systems and operating practices throughout the terminal · Sustainability certifications for LEED (silver or gold), Envision and SITES underway
About JFK Millennium Partners
Terminal 6 is an award-winning public-private partnership between the Port Authority of New York & New Jersey and JFK Millennium Partners – a consortium that includes Vantage Group, an industry leading investor, developer and manager of award-winning global airport projects, including LaGuardia Airport’s Terminal B; American Triple I, a certified minority-owned investor, owner, developer and manager of infrastructure assets; RXR, an innovative New York real estate investor and developer; and JetBlue Airways, New York’s hometown airline. When complete, Terminal 6 will connect seamlessly with Terminal 5 to create an anchor terminal on JFK International Airport’s north side. For more information, visit https://www.anewjfk.com/jmp-terminal6/*Source: Port Authority of New York & New Jersey 2023 annual traffic report: https://www.panynj.gov/content/dam/airports/statistics/statistics-general-info/annual-atr/ATR_2023.pdf
Metso has received an order for Vertimill® and HIGmillTM regrind mills for the Reko Diq copper-gold project in Pakistan. The order, which also includes apron feeders and vibrating feeders, is part of the comprehensive equipment delivery frame agreement announced on August 14, 2024. The order value of the regrind mills and feeders is approximately EUR 50 million, and it is booked in the Minerals segment’s 2024 fourth-quarter order intake.
“Following an innovative and collaborative test work campaign, a two-stage regrind circuit consisting of a Vertimill[®][ ]and a HIGmill[TM] operating in series was selected to optimize the overall energy-efficiency and operating cost. In this solution, the robust feed particle size capability of the Vertimill[®] is optimally combined with the efficient fine grinding and particle conditioning of the HIGmill[TM],” says Bjorn Nielsen, Vice President, Stirred Mills and HPGR at Metso.
Metso’s stirred milling technologies portfolio consists of Vertimill®, HIGmill™, and Stirred Media Detritor (SMD) mills. These mills are based on gravity-induced and fluidized technologies, allowing for an optimum equipment solution for all comminution circuits in secondary, tertiary, fine, ultrafine, regrind, and lime slaking applications. Metso has over 50 years of experience in developing, testing, and delivering stirred mill technology, including over 500 installations worldwide. All stirred mills are part of the Metso Plus offering.
Read more about Metso stirred mills offering on our website .
Further information:
Piia Karhu, President, Minerals, Metso, tel. +358 20 484 100, email: piia.karhu(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
Jaakko Nikkilä holds the position of Executive Vice President at UPM, heading the business area Specialty Paper with global sales of around EUR 1.5 billion, until year-end. Jaakko Nikkilä has extensive experience in both international sales and production of fiber-based packaging materials. He has been employed by the UPM Group since 1995 and served as a member of the UPM Group Executive Team since 2019.
“I am very pleased that Jaakko Nikkilä will join Billerud to lead Region Europe where the focus for the coming years is to strengthen performance through our existing manufacturing assets. I am convinced that his qualities and deep understanding of the paper and packaging industry will be instrumental for Billerud going forward,” comments Ivar Vatne, President and CEO of Billerud.
Jaakko Nikkilä, born 1967, is a Finnish citizen. He will assume the position as President of Billerud Europe on 1 May 2025 and will be based in Stockholm. As previously announced, Matthew Hirst will leave Billerud on 31 January 2025. Ivar Vatne will act as the interim President of Region Europe from 1 February to 30 April.
For more information please contact:Robert Pletzin, Director Global Media Relations, +46 72 516 86 06, robert.pletzin@billerud.com or press@billerud.com.
The information was submitted for publication, through the agency of the contact person set out above at 09.00 CET on 20 December 2024.