ASSA ABLOY to acquire SKIDATA
ASSA ABLOY has signed an agreement to acquire SKIDATA, an international leading provider of access management solutions.
"I am very pleased to welcome the SKIDATA team into the ASSA ABLOY Group. This acquisition delivers on our strategy to grow our business in mature markets through adding complementary products and solutions to our core business,” says Nico Delvaux, President and CEO of ASSA ABLOY.
“SKIDATA's attractive product portfolio and strong performance in access solutions will enhance and complement our current offering,” says Massimo Grassi, Executive Vice President of ASSA ABLOY and Head of Entrance Systems Division. “Its commitment to secure, reliable access solutions and excellent customer service aligns perfectly with our values, and I’m convinced that together, we will continue our successful journey.”
SKIDATA was founded in 1977 and is part of the Public Access division of Swiss listed Kudelski Group (SWX:KUD) and has some 1,280 employees. SKIDATA is headquartered in Salzburg, Austria and will be part of the Business Segment Pedestrian within the Entrance Systems Division.
Sales for 2023 amounted to about MEUR 305 (approx. MSEK 3,500). The acquisition will initially have a small dilutive effect to EPS.
The acquisition is subject to regulatory approval and customary closing conditions and is expected to close during the third quarter of 2024.
For more information, please contact:
Nico Delvaux, President and CEO, tel.no:+46850648582Erik Pieder, CFO and Executive Vice President, tel. no: +46 8 506 485 72 Björn Tibell, Head of Investor Relations, tel.no:+46 70275 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.
From today until 29[th] July customers seeking even better deals can take advantage of the Norse Atlantic ‘Early Bird Sale’ and book their autumn and winter travel at unbeatable prices.
Return promotional fares from London Gatwick to the US start from:
London to New York JFK £299
London to Los Angeles £319
London to Miami £319
London to Orlando £319
London to Las Vegas £299
London to Cape Town £449
One-Way promotional fares from the US to Europe start from:
New York JFK to -London $ 109
New York JFK – Oslo $ 139
New York JFK to -Paris $ 139
New York JFK to -Berlin $ 109
New York JFK to -Rome $ 139
New York JFK to -Athens $ 139
Miami-Oslo $ 139
Miami -London $ 139
Orlando -London $ 139
Los Angeles -London $ 149
Los Angeles -Paris $ 149
Los Angeles -Oslo $ 149
Las Vegas – London $ 199
One-Way promotional fares from Paris to the US start from:
Paris -New York JFK € 139
Paris -Los Angeles € 149
One-Way promotional fares from Berlin to the US start from:
Berlin -Miami € 149
Berlin -New York JFK € 149
One-Way promotional fares from Athens to the US start from:
Athens – New York JFK € 139
One-Way promotional fares from Oslo to the US start from:
Oslo -Miami kr 1,899
Oslo – New York JFK kr 1,899
Oslo – Los angeles kr 1,999
Oslo -Bangkok kr 1,999
One-Way promotional fares from Rome to the US start from:
Rome – New York JFK € 139
For more information and to book visit the Norse Atlantic Airways official website at www.flynorse.com
“Our Early Bird sale is a great opportunity for customers looking to secure their autumn and winter travel plans at great prices without compromising on quality or comfort,” said Bård Nordhagen, Chief Commercial Officer Norse Atlantic Airways.
Norse Atlantic exclusively operates modern Boeing 787 Dreamliner aircraft. The cabin offers passengers a relaxed and comfortable travel experience with each seat including a personal, state-of-the-art entertainment experience. Our Norse Premium cabin offers an industry leading 43” seat pitch and 12” recline, allowing passengers to arrive at their destination feeling refreshed and ready to explore their destination.
Norse Atlantic offers two cabin choices: Economy and Norse Premium. Passengers can choose from a simple range of fares, Light, Classic and Flextra, that reflect the way that they want to travel, and which options are important to them. Light fares represent Norse’s value option, while Flextra fares include the maximum baggage allowance, two meal services and increased ticket flexibility.
Promotion Details:
Offers are valid for sale until 29 July, for travel in Economy between 01 September 2024 and 28 March 2025 and in Premium between 01 September and 31 December 2024, excluding peak travel dates. Applicable travel dates vary by destination.
The project will include modern track configuration with 5.6 kilometers of new tracks, installing 15 new switches and new station security systems. Skanska will also build two barrier-free platforms, and a new station building.
Once completed, the modernization will bring increased reliability and safety in the railway operations, partly due to upgraded security systems and infrastructure enhancements like the new underpass designed for future high-speed rail integration.
Construction will start in August 2024 with expected completion in December 2025.
This new integration is poised to significantly enhance support ticket creation and management, driving productivity and unlocking new commercial opportunities for Heimdal customers and partners.
Driven by high customer demand and the need to address complex operational challenges, this integration reinforces Heimdal's commitment to providing scalable, efficient solutions that cater to the evolving needs of Managed Service Providers (MSPs) and Managed Security Service Providers (MSSPs).
By integrating with Autotask PSA, Heimdal positions itself to reach a broader market, offering a compelling value proposition that attracts and retains partners globally.
Jesper Frederiksen, CEO of Heimdal, commented on the announcement:
"The integration with Autotask PSA is a transformative step in our strategy to elevate cybersecurity as the cornerstone of MSP and MSSP operations. By empowering our partners to respond more effectively to cybersecurity threats and deliver superior protection, we are positioning Heimdal at the forefront of a rapidly evolving market.”
“As RMM and PSA tools become more integrated, our focus on cybersecurity ensures that our partners can provide unparalleled service and security to their clients, driving growth and expanding market reach."
"We're very excited to add Heimdal to the growing list of integration partners on the Autotask Integration Hub, continuing to ensure Autotask is the most integrated PSA solution in the world,” said Nadir Merchant, general manager, IT Operations Suite, Kaseya.
Key benefits of integration include:
· Automated Ticket Creation - Customers and partners using Autotask PSA can now automate support ticket creation and management for various operational and cybersecurity alerts, including CPU, Memory, Disk, Microsoft updates, Next-Gen AV, DNS poisoning, Firewall issues, REP, PEDM, VectorN Detection, and Zero-Trust Execution Protection. · Consolidated Customer View for Partners - Partners now have a centralized view of all corporate customers, enabling them to efficiently monitor operational notifications and cyber alerts. This consolidated view enhances the ability to manage multiple clients, improving service delivery and customer satisfaction, and ultimately driving business growth.
For further details about the Heimdal and Autotask PSA integration, visit: Heimdal Assistance and Support .
To learn more or join Heimdal's global partner program, visit Heimdal Partner NEXUS .
About Autotask PSA
Autotask is a cloud-based Professional Services Automation (PSA) solution that centralizes business operations to improve insights, accuracy, productivity, service levels, and profitability.
Autotask PSA is developed by Datto, a Kaseya company and the leading global provider of AI-powered cybersecurity and IT management software solutions purpose-built for Managed Service Providers (MSPs). Datto’s integrated platform helps its extensive network of MSP partners serve over one million businesses globally, offering proactive detection, prevention, and rapid recovery solutions to minimize downtime and data loss.
For more information, visit Datto .
About Heimdal
Established in Copenhagen in 2014, Heimdal empowers CISOs, security teams, and IT administrators to improve their security operations, reduce alert fatigue, and implement proactive measures through a unified command and control platform.
Heimdal's award-winning cybersecurity solutions span the entire IT estate, addressing challenges from endpoint to network levels, including vulnerability management, privileged access, Zero Trust implementation, and ransomware prevention.
For more information, visit: Heimdal .
Media Contact
Madalina Popovici
Media Relations Manager
mpo@heimdalsecurity.com
Today Paradox Arc and Kodo Linija released a major update for their game, Stardeus, which is currently available in Steam Early Access. Stardeus is a deep colony simulation set aboard a damaged starship, crewed by drones and hibernating human survivors. As the game's immortal AI, players will command drones to repair the starship, make critical decisions about the human crew, and explore a procedurally generated universe filled with complexity. The latest update, named Bioverse, is the most substantial since Stardeus entered Early Access in 2022 and adds onto the games replayability and storytelling.
See the trailer here .
The new update includes a comprehensive overhaul of many core systems, significantly improving the game's AI and combat mechanics, and introducing an entirely new body part system. This anticipated feature allows humans, robots, and animals to have multiple body parts, each contributing specific stats. These parts can be removed or replaced, and their absence can lead to impaired functionality or even… death.
In addition to these major changes, the update also introduces new systems for health, stats, and conditions, enhancing the overall gameplay experience. Players will also find new content, including a scenario, devices, materials, and species, further deepening the sim experience.
An overview of what’s new:
· Revamped AI system · Enhanced combat mechanics · Innovative body part system, including new health, stats, conditions, and abilities system · New content: Additional scenario, new devices, materials, species and more · New trade system · Twitch Integration
Download assets here .
For more information about the game and the Bioverse update, please visit: https://store.steampowered.com/app/1380910/Stardeus/
Gothenburg, 23 July 2024: Niclas Rosenlew, Senior Vice President and CFO of SKF Group has decided to leave the company and will continue his career outside SKF. Niclas will remain in his current position at SKF until January 2025.
”On behalf of SKF I would like to thank Niclas for his valuable contribution, and I wish him all the best in the future,” says Rickard Gustafson, President and CEO.
A recruitment process to identify a successor has been initiated.
Aktiebolaget SKF (publ)
Stora Enso has appointed Niclas Rosenlew Group Chief Financial Officer. He will replace Seppo Parvi, who has previously announced that he will leave Stora Enso to continue his career outside the Company. Stora Enso has also appointed Carolyn Wagner Executive Vice President, Packaging Solutions division. She will replace Ad Smit who will retire. They will join Stora Enso latest in January 2025 and be members of Stora Enso’s Group Leadership Team.Niclas Rosenlew is currently Group CFO at the Swedish stock-listed industrial company SKF, a position held since 2019. Prior to his current role, he held a CFO position at Basware, and senior finance positions at Microsoft and Nokia. Niclas holds a Master of Science degree in Finance.“I am delighted to welcome Niclas Rosenlew to the role as Stora Enso’s new CFO. Niclas has extensive experience in leading, developing and reshaping large international organisations. His solid background in CFO and other senior positions in listed companies will be immensely valuable in Stora Enso’s continued growth transition, value creation and in reaching our financial targets. I would like to express our utmost gratitude to our current CFO Seppo Parvi for his dedicated service over the past decade and wish him success in his new professional role,” says Stora Enso’s President and CEO Hans Sohlström.Carolyn Wagner is currently Divisional CEO of the Packaging Division at the German Klingele Paper & Packaging Group. Prior to her current role, she has held senior positions at other European corrugated packaging companies, amongst others, DS Smith and SCA. Carolyn holds a degree of Graduate Engineer Packaging Technology.“Carolyn’s strong packaging industry insight will be important in developing and advancing our packaging solutions business. I would like to thank Ad Smit for his key role in integrating De Jong Packaging Group into our existing packaging solutions business after the acquisition, and wish him all the best for the future,” Sohlström says.“I am thrilled about the opportunity to join Stora Enso and, as part of the team, contribute to its success,” says Niclas Rosenlew.“It is with great pleasure that I take up my new position in Stora Enso. With exciting opportunities ahead, our goal is to lead the industry, enhance sustainable growth, and offer superior global products and services,” says Carolyn Wagner.Part of the global bioeconomy, Stora Enso is a leading provider of renewable products in packaging, biomaterials and wooden construction, and one of the largest private forest owners in the world. Stora Enso has approximately 20,000 employees and our sales in 2023 were EUR 9.4 billion. Stora Enso shares are listed on Nasdaq Helsinki Oy (STEAV, STERV) and Nasdaq Stockholm AB (STE A, STE R). In addition, the shares are traded in OTC Markets (OTCQX) in the USA as ADRs and ordinary shares (SEOAY, SEOFF, SEOJF). storaenso.com/investors STORA ENSO OYJ
Q2/2024 (year-on-year)
• Sales decreased by 3% to EUR 2,301 (2,374) million; however, continuing operations grew by 1%.
• Adjusted EBIT increased to EUR 161 (37) million.
• Adjusted EBIT margin increased to 7.0% (1.6%).
• Operating result (IFRS) was EUR 99 (-253) million.
• Earnings per share (EPS) were EUR 0.06 (-0.29) and EPS excl. fair valuations (FV) was EUR 0.07 (-0.27).
• The value of the forest assets increased to EUR 8.7 (8.1) billion, equivalent to EUR 11.06 per share.
• Cash flow from operations amounted to EUR 323(146) million. Cash flow after investing activities was EUR 86 (-70) million.
• Net debt increased by EUR 466 million to EUR 3,497 (3,030) million, mainly due to the board investment at the Oulu site.
• The net debt to adjusted EBITDA (LTM1) ratio was 3.5 (1.7). The target to keep the ratio below 2.0 remains.
H1/2024 (year-on-year)
• Sales were EUR 4,466 (5,095) million.
• Adjusted EBIT was EUR 317 (271) million.
• Operating result (IFRS) was EUR 247 (5) million.
• Earnings per share (EPS) were EUR 0.16 (-0.05) and EPS excl. fair valuations (FV) was EUR 0.16 (-0.04).
• Cash flow from operations amounted to EUR 592(400) million. Cash flow after investing activities was EUR -18 (-69) million.
• Adjusted ROCE excluding the Forest division (LTM1) decreased to 1.3% (10.7%), the target being above 13%.
Key highlights
• The value creation programmes, centred on sourcing, operational and commercial efficiencies, are making good progress across all divisions.
• In addition, the profit improvement programme focusing on fixed costs, initiated in the first quarter 2024, targeting EUR 120 million has continued to progress well. This has supported an improvement in the earnings trend due to enhanced efficiencies and cash flow, and strengthened the leverage ratio: net debt to EBITDA.
• Operating working capital decreased by EUR 576 million year-on-year to an all-time low, driven by our continued focus to improve working capital efficiency.
• Stora Enso secured a EUR 435 million long-term loan, on 11 July, from the European Investment Bank to fund its EUR 1 billion investment in the Oulu mill, Finland. Loan repayment extends until 2036, improving and lengthening the Group’s debt maturity profile. The loan is currently undrawn.
• The consumer board investment at the Oulu site in Finland is progressing on schedule. Production is expected to start in the first half of 2025, with full capacity estimated to be reached during 2027.
• The plan to divest the Beihai site in China is in process. The site has been classified as assets held for sale from the end of 2023.
GuidanceOn 15 May, Stora Enso raised its guidance for the full year 2024 adjusted EBIT, due to successful implementation of profit improvement actions and more favourable market conditions. The new guidance is: Stora Enso's full year 2024 adjusted EBIT is expected to be significantly higher than for the full year 2023, EUR 342 million.
OutlookMarket and business outlookStora Enso anticipates a gradual market recovery in 2024. The positive forecast is supported by successful initiatives to increase profitability, which have contributed to the earnings trend over the past three quarters and helped reduce the Group's net debt to EBITDA ratio. Despite this, high wood costs will continue to pressure margins. Market uncertainties, including high inflation, potential strikes, and demand and price fluctuations, are expected to continue through the end of the year.Packaging MaterialsThe outlook for Q3 is slightly positive, supported by strong order books and an improving price outlook. Price increases announced during Q2 in both the consumer and containerboard segments are expected to contribute positively to the results, mainly in the second half of this year. The liquid and food service board segments show improved stability and demand, while carton board demand remains stable following a strong recovery. Kraftliner and testliner segments are recovering, supported by stable demand and three rounds of price increases announced during H1 this year. However, high fiber costs and seasonally higher fixed costs due to annual shutdowns in virgin fiber containerboard units will impact the second half of the year. Paper demand is expected to continue its steady, gradual decline.Packaging SolutionsDemand for Q3 is expected to remain stable with seasonal fluctuations. In Western Europe, volumes are anticipated to normalise post weather-related delays in the fresh-produce season. Asia usually experiences a downturn in Q3, with improvements expected in Q4. Central, Northern, and Eastern Europe should see consistent demand. Market challenges continue due to overcapacity.BiomaterialsLooking ahead in Q3, overall pulp demand in Europe and China is projected to remain stable. The European softwood pulp market remains balanced, with no signs of demand improvement. In China, demand is stable. Demand for fluff pulp in hygiene and tissue products continues to be stable, supported by global inventories which are at or below the 5-year average.Wood ProductsQ2 experienced a seasonal surge in volumes of classic sawn products. However, sales and volumes are projected to decrease sequentially in Q3 due to the holiday season. Building permits are anticipated to fall below 2023 levels and are expected to slightly decline in Western Europe in the foreseeable future. Meanwhile, wood costs are forecast to remain elevated.ForestIn Q3, wood market activity is expected to remain strong in Finland, Sweden, and the Baltics, with tight conditions driven by increasing demand for industrial wood (pulpwood and sawlogs).Long-term growth opportunitiesStora Enso holds leading positions in markets and segments poised for long-term growth, particularly in sustainable packaging, wood construction, and innovative biomaterials. The Group stands to benefit from sustainability trends and regulatory advancements which favour its offerings, thereby supporting its market presence and facilitating development.Key figures
EUR Q2/24 Q2/23 Change Q1/24 Change Q1 Q1 Change 2023million % % -Q2/24 -Q2/23 %
Q2/24–Q Q2/24–Q Q1 -Q2/24–
2/23 1/24 Q1 -Q2/23Sales 2,301 2,374 -3.0% 2,164 6.3% 4,466 5,095 -12.4% 9,396Adjusted 312 198 57.4% 298 4.9% 610 597 2.2% 989EBITDAAdjusted 161 37 n/m 156 2.8% 317 271 17.2% 342EBITAdjusted 7.0% 1.6% 7.2% 7.1% 5.3% 3.6%EBITmarginOperating 99 -253 139.2% 148 -33.2% 247 5 n/m -322result(IFRS)Result 50 -304 116.5% 101 -50.4% 152 -76 299.3% -495beforetax(IFRS)Net 42 -257 116.4% 84 -49.9% 126 -72 276.2% -431resultfor theperiod(IFRS)Forest 8,725 8,065 8.2% 8,626 1.1% 8,725 8,065 8.2% 8,731assets1Adjusted 2.8% 8.1% 1.9% 2.8% 8.1% 2.4%return oncapitalemployed(ROCE),LTM2Adjusted 1.3% 10.7% 0.0% 1.3% 10.7% 1.0%ROCEexcl.Forestdivision,LTM2Earnings 0.07 -0.27 125.3% 0.09 -23.5% 0.16 -0.04 n/m -0.73pershare(EPS)excl. FV,EUREPS 0.06 -0.29 119.4% 0.11 -48.2% 0.16 -0.05 n/m -0.45(basic),EURNet debt 3.5 1.7 4.0 3.5 1.7 3.2toLTM2adjustedEBITDAratioAverage 19,469 21,171 -8.0% 19,412 0.3% 19,465 21,182 -8.1% 20,822number ofemployees(FTE)
1 Total forest assets value, including leased land and Stora Enso's share of Tornator.2 LTM=Last 12 months
Stora Enso’s President and CEO Hans Sohlström comments on the second quarter 2024 results:I am encouraged by the fact that our Q2 performance met our expectations, reinforcing our recently upgraded 2024 guidance. Advances in our profitability and cash flow improvement initiatives, coupled with more favourable market conditions in some segments, have supported an improved earnings trend for the third consecutive quarter. Additionally, this has strengthened our leverage ratio in the quarter despite record high growth investments. This positive development is a testament to our team's dedication and sets a strong foundation for future success.Our year-on-year Group sales dipped slightly, by 3.0%, to 2,301 million euro due to structural changes; however, our continuing operations grew by 1%. Increasing volumes in all divisions and favourable pricing in the Biomaterials and Forest divisions contributed positively. Our adjusted EBIT rose significantly to 161 million euro from 37 million euro a year ago, with the margin improving to 7.0% from 1.6%. The result was driven by higher volumes and reduced fixed and chemical costs, despite challenges such as rising wood costs and political strikes in Finland.While we managed to improve our net debt to adjusted EBITDA ratio to 3.5 from 4.0 in Q1 this year, it remains above our target of 2.0 and has increased compared to the 1.7 ratio in Q2 last year. This highlights the need for further profitability improvement and working capital reduction actions, which remain our priority. The stable valuation of our forest assets at 8.7 billion euro, or 11 euro per share, continues to provide a solid foundation for our future growth and value creation.Our value creation programmes, centred on sourcing, operational and commercial efficiencies, are making good progress across all divisions, thanks to an analytical and structured approach. These efforts have had a significant impact on profits and cost competitiveness, with about 1,900 identified improvement initiatives led by approximately 500 project owners. Additionally, our profit improvement programme, which aims for an annual fixed cost saving of 120 million euro, is advancing successfully. Together, these initiatives are contributing to sustained enhancements in profitability and competitiveness. Furthermore, we have reduced operating working capital by 576 million euro year-on-year, reaching an unprecedented low, driven by ongoing efforts to enhance working capital efficiency and release capital.The plan to divest the Beihai operation in China is proceeding. We are diligently moving forward with the process, and although it is lengthy, achieving the right value for our assets is most crucial. Ultimately, the value of the deal takes precedence over the timing.Our decentralised operating model is firmly in place and progressing well towards achieving a more focused customer and business oriented structure. I am delighted with the strides we have made, and we are already witnessing the advantages of a more efficient and agile framework. This not only benefits our strategic execution, but also enhances the service we provide to our customers.In the quarter, we conducted an Employee Engagement pulse survey across three of our five divisions. The results indicate that the level of employee engagement has remained consistently high and has even shown a slight increase in these divisions. This is particularly encouraging given the challenging circumstances in which we have been operating.We increased our outlook for the adjusted EBIT for the full year 2024 on 15 May, projecting it to be significantly higher than the profits of 342 million euro achieved last year. We remain on track to deliver on that guidance, supported by our value creation and profit improvement actions, as well as improved market conditions in some of our key segments.We are intensifying our focus on capital allocation and asset strategy in growing market segments, laying the groundwork for improved competitiveness and profitable growth across the Group. Looking ahead, we anticipate further advancements this year. We remain committed to investing in both human and capital resources to provide exceptional service to our customers and create robust shareholder value growth.
Webcast for analysts, investors, and mediaAnalysts, investors, and media are invited to participate in the webcast with a teleconference today at 11:00 am EEST (10:00 CEST, 9:00 BST, 4:00 EDT). The results will be presented by President and CEO Hans Sohlström and CFO Seppo Parvi. The presentation can be followed live via the link: https://stora-enso-oyj-q2-earnings-presentation-2024.open-exchange.net/registrationDuring the webcast presentation, analysts and investors will also have the possibility to ask questions. To participate in the teleconference, please choose the “Teleconference” option on the homepage of the webcast. Recording of the webcast will be available shortly after the event at the same address and at storaenso.com/en/investors/interim-report Media representatives who wish to ask questions after the publication of the report may contact Carl Norell, SVP Corporate Communications at Stora Enso on +46 72 241 0349.This release is a summary of Stora Enso’s Half-year Report 2024. The complete report is attached to this release as a pdf file. It is also available on the company website at storaenso.com/en/investors/interim-report .
Media enquiries:Carl NorellSVP Corporate Communicationstel. +46 72 241 0349Investor enquiries:Anna-Lena ÅströmSVP Investor Relationstel. +46 70 210 7691Part of the global bioeconomy, Stora Enso is a leading provider of renewable products in packaging, biomaterials, and wooden construction, and one of the largest private forest owners in the world. Stora Enso has approximately 20,000 employees and our sales in 2023 were EUR 9.4 billion. Stora Enso shares are listed on Nasdaq Helsinki Oy (STEAV, STERV) and Nasdaq Stockholm AB (STE A, STE R). In addition, the shares are traded in the USA on OTC Markets (OTCQX) as ADRs and ordinary shares (SEOAY, SEOFF, SEOJF). storaenso.com/investors STORA ENSO OYJ
OSLO, NORWAY and MADRID, SPAIN – 24 July 2024 – ZKTeco, a globally recognized leader in access control solutions, is proud to announce a partnership with Zwipe, a leader in biometric technology for cards used in identification, access control, and payment. Together, they aim to deliver cutting-edge, high-security access solutions in Europe.
This collaboration leverages the strengths of both companies to offer advanced, reliable and user-friendly security systems designed to meet the growing demand for high-level security across various sectors.
This partnership integrates the Zwipe Access Biometric Smart Card with the ARMATURA access control system. It is the ideal solution for companies requiring a high security level. This partnership will enable businesses to benefit from a centralized and unified security management solution. “We are pleased to partner with Zwipe, a leading company in this market sector,” says Samuel Muñoz, Integrations Manager at ZKTeco Europe.
ARMATURA, a high security and cybersecurity brand, showcases its expertise in access control security products and solutions in collaboration with ZKTeco.
Robert Puskaric, President and CEO of Zwipe, commented, “We are thrilled to partner with ZKTeco. We look forward to developing and strengthening biometric-enabled access control solutions with ZKTeco. Combined, our technologies will provide enhanced security access control for organizations worldwide.”
About ZKTeco Europe
ZKTeco is a multinational enterprise, specializing in the manufacture and development of advanced CCTV, Time & Attendance, and Access Control technology. With over 30 years of experience in the global market, ZKTeco benefits from a highly qualified team of over 4.100 employees worldwide with its own manufacturing plants that, together with its R&D and engineering departments, ensure complete inhouse production of all aspects of its hardware, firmware, and software. One of the pioneers in multibiometric and RFID technology, ZKTeco’s products are present around the world, with over 180 million users worldwide.
About Zwipe
Zwipe believes the inherent uniqueness of every person is the key to a safer future. We work passionately across networks of international organizations, industries, and cultures to make convenience safe and secure. We pioneer next-generation biometric card technology for payment, physical and logical access control, and identification solutions. We promise our customers and partners deep insight and frictionless solutions, ensuring a seamless user experience with our innovative biometric products and services. Zwipe is headquartered in Oslo, Norway, with a global presence. To learn more, please visit http://www.zwipe.com/.
The order includes systems and equipment from Saab’s business areas Dynamics and Surveillance. Due to the nature of the industry, circumstances concerning the customer and national security interests, no further information regarding this order or the customer will be provided.
Contact
Mattias RådströmHead of Media Relations+46 (0)734 180 018presscentre@saabgroup.com
Saab is a leading defence and security company with an enduring mission, to help nations keep their people and society safe. Empowered by its 22,000 talented people, Saab constantly pushes the boundaries of technology to create a safer and more sustainable and world. Saab designs, manufactures and maintains advanced systems in aeronautics, weapons, command and control, sensors and underwater systems. Saab is headquartered in Sweden. It has major operations all over the world and is part of the domestic defence capability of several nations.
The information is such that Saab AB 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, on 24 July 2024 at 09:20 (CET).
Technology group Wärtsilä will supply a hybrid-electric propulsion system for an 11,000 dwt Limestone Carrier. The vessel was contracted by Montreal-based CSL Group (“CSL”) with CCCC Shanghai Equipment Engineering and Jingjiang Nanyang Shipbuilding. The order with Wärtsilä was booked in Q1 2024.
The order reflects CSL’s focus on reducing its emissions profile via a comprehensive decarbonisation strategy. Wärtsilä has been closely involved in developing the concept for the hybrid-electric propulsion system selected to optimise the engine and battery loading for the ship’s operating conditions. The system will provide redundancy when operating in confined waters to improve safety, while at the same time improving efficiency and reducing fuel consumption.
“We require an electrically integrated hybrid-powered propulsion solution from a single-source supplier capable of providing lifecycle support. Wärtsilä was selected for our newbuild project because of their proven ability, experience and track record in delivering high-quality electrification and hybridisation systems,” says Frédéric Jauvin, CSL’s Vice-President, Global Technical Services.
The Limestone Carrier, when delivered in 2026, will be the world’s first fully electric battery-capable self-unloading vessel. It will initially run on a hybrid diesel and battery system, with 50% of total battery capacity installed replacing diesel with electric power. By 2031, the aim is to run the ship entirely on electric power, further reducing carbon emissions to less than 10%.
“Wärtsilä is committed to making decarbonised shipping possible, so we are delighted to be supporting CSL with solutions that enhance the sustainability of their fleet,” comments Torsten Büssow, Director, Electrical & Power Systems Business Wärtsilä Marine. “This is a short sea shipping vessel that will operate with a lot of manoeuvring and variable load profiles, and electrification and hybridisation systems are the most efficient for such vessels.”
For this vessel, Wärtsilä will supply the whole hybrid electric propulsion system, including generators, DC hub, Energy and Power Management System, main propulsion e-motors, bow thruster e-motors, and the battery solution. Delivery is scheduled for early 2025.
Media contact for more information on this release:
Isabella Alder Positioning and Strategic Communications Manager, Wärtsilä Marine Tel: +44 (0) 7792 681 757 marine.media@wartsila.com (marine.media@wartsila.com%C2%A0)
Image caption: Example image of a ship electrification ecosystem. © Wärtsilä Corporation
All Wärtsilä releases are available at https://www.wartsila.com/media/news-releases and at http://news.cision.com/wartsila-corporation where also the images can be downloaded. Use of the image(s) is allowed only in connection with the contents of this press release. Wärtsilä images are available at https://www.wartsila.com/media/image-bank .Wärtsilä Marine in briefWärtsilä Marine is a global pioneer in power, propulsion and lifecycle solutions for the marine market. We develop industry-leading technologies, advancing maritime's transition to new fuels. We support building an end-to-end digital ecosystem where all vessels and ports are connected. Ultimately, Wärtsilä Marine is driving the shipping industry forward on its journey towards a decarbonised and sustainable future through our broad portfolio of engines, propulsion systems, hybrid technology, exhaust treatment, shaft line solutions and digital technologies, as well as integrated powertrain systems. Our offering, which is underpinned by our performance-based agreements, upgrades, lifecycle solutions, decarbonisation services, as well as an unrivalled global network of maritime expertise, delivers the efficiency, reliability, safety, and environmental performance needed to support a safe and sustainable future for our customers, our communities and our planet. www.wartsila.com/marine
Wärtsilä in briefWärtsilä is a global leader in innovative technologies and lifecycle solutions for the marine and energy markets. We emphasise innovation in sustainable technology and services to help our customers continuously improve environmental and economic performance. Our dedicated and passionate team of 17,800 professionals in more than 280 locations in 79 countries shape the decarbonisation transformation of our industries across the globe. In 2023, Wärtsilä’s net sales totalled EUR 6.0 billion. Wärtsilä is listed on Nasdaq Helsinki. www.wartsila.com
CS MEDICA is proud to announce the receipt of an "Intention To Grant" for its patent application from the European Patent Organization (EPO), which has 39 member states[1]. This achievement enhances the protection of its innovative product, CANNASEN® Psoriasis Gel, which contains CBD. This patent discloses a novel treatment approach for psoriasis symptoms such as pain, itch, redness, scaling, and inflammation, along with the specific composition of the psoriasis gel.
Psoriasis, an immune-mediated disorder, affects over 125 million people globally, manifesting in painful symptoms such as itchiness, redness, scaling, and inflammation due to excessive skin cell production triggered by an overactive immune system. Of these, approximately 80% experience mild to moderate symptoms, while 20% suffer from severe forms of the disease. Notably, 50% of all psoriasis patients are actively seeking alternative treatments[2] to avoid the side effects commonly associated with traditional therapies.
Cannabidiol (CBD) is widely acknowledged by scientists and patients for its therapeutic benefits, which include analgesic, anti-inflammatory, immunosuppressive, antiproliferative, and antioxidant properties. Additionally, CBD is known to reduce itching and act as a homeostatic regulator.
CANNASEN® Psoriasis Gel represents a dermatological care breakthrough, harnessing CBD's therapeutic potential. As one of the first compliant substance-based treatments with CBD for psoriasis to achieve patent protection, this marks a significant milestone in dermatological care. The patent approval follows a PCT international application, confirming the company's innovative approach and the effectiveness of its product.
"We are delighted by the 'Intention To Grant' status for our European patent application," stated Lone Henriksen, CEO of CS MEDICA. "This validation underscores our commitment to pioneering innovations that meet stringent regulatory standards, including MDR, MHRA, FDA, and TGA, ensuring our product's compliance and efficacy."
Following the “mention of grant” of the patent application by the EPO, CS MEDICA will initiate the process for national validations for relevant European countries.
Securing patent protection is crucial for a MedTech company like CS MEDICA, as it not only safeguards its intellectual property but also significantly enhances the valuation of the product portfolio. While generating sales in existing markets is vital, obtaining patent protection for innovations like CANNASEN® Psoriasis Gel ensures long-term competitive advantage and opens up additional revenue streams through potential licensing and partnerships. This strategic move underscores the commitment to delivering value to shareholders by protecting and capitalizing on groundbreaking technologies.
"We believe that securing patent protection not only validates our novel approach but also sets a precedent for CBD-infused therapies in dermatology," added Lone Henriksen.
Looking ahead, CS MEDICA expects to obtain patent protection for CANNASEN® Psoriasis Gel across key global markets, including the USA, Canada, India, China, and Australia.
CS MEDICA remains committed to transforming the treatment landscape for people with psoriasis, offering hope for improved quality of life through innovative, safe, and clinically validated solutions.
[1] https://www.epo.org/en/applying/european/unitary/unitary-patent
[2] Source:
6.1 https://www.psoriasis.org/psoriasis-statistics/ - 6.2 https://www.fortunebusinessinsights.com/industry-reports/psoriasis-treatment-market-100600 - 6.3 https://globalranetwork.org/ project/disease-info/- 6.4 Rheumatoid Arthritis marked- https://www.globenewswire.com/news-release/2022/01/28/2374912/28124/en/The-Worldwide-Rheumatoid-Arthritis-Drugs-Industry-is-Expected-to-Reach-34-3-Billion-by-2027.html -6.5 https://onlinelibrary.wiley.com/doi/full/10.1111/resp.13838 -6.6 https://www.alliedmarketresearch.com/sleep-aids-market - 6.7 https://www.prnewswire.com/news-releases/global-alopecia-market-size-to-reach-usd-13-80-billion-in-2028--says-reports-and-data-301500078.html- 6.8 https://www.blueweaveconsulting.com/report/global-hair-care-products-market-bwc19130 -6.9 https://soft-ox.com/chronic-wounds/- 6.10 https://www.fortunebusinessinsights.com/wound-care-market-103268 -6.11 https://www.ncbi.nlm.nih.gov/pmc/articles/PMC3201926/ -6.12 https://www.alliedmarketresearch.com/pain-management-therapeutics-market6.13 https://www.aafa.org/ allergy-facts/- 6.14 https://www.alliedmarketresearch.com/allergy-treatment-market -6.15 https://www.who.int/news/item/08-06-2018-recognizing-neglected-skin-diseases-who-publishes-pictorial-training-guide -6.16 https://www.bccresearch.com/market-research/pharmaceuticals/skin-disease-treatment-technologies-markets-report.html
This aligns with European leaders’ belief that Russia is waging a ‘shadow war’ to unsettle Europe.
At the NATO summit in July, leaders claimed Russia was behind cyberattacks, disinformation, sabotage, and other disruptive actions.
Danish Prime Minister Mette Frederiksen stated, “Russia is trying to destabilize all of us, using various measures.” She urged that countries “take it more seriously.”
The investigation into the Russian brute-force campaign has revealed several critical insights:
· Attackers are aiming for High-Value Targets (HVTs) · Key infrastructure cities like Edinburgh and Dublin have been frequently targeted · Over half of the attack IP addresses are linked to Moscow, targeting major cities in the UK, Denmark, Hungary, and Lithuania · The rest of the investigated attack IPs can be traced back to Amsterdam and Brussels · Major ISPs like Telefonica LLC and IPX-FZCO were significantly abused
Heimdal’s data shows these attacks date back to May 2024 but may have been happening even longer.
Prevalent Infiltration and Attack Techniques
The attackers primarily target administrative accounts using various case combinations and language variants.
Over 60% of attack IPs are new, with approximately 65% recently compromised and the rest previously abused, revealing a constantly evolving threat.
The threat actors employ known attack principles such as SMBv1 crawlers, RDP crawlers, and RDP alternative port crawlers, exploiting weak or default credentials through password guessing, spraying, and stuffing.
Additionally, their use of legitimate Microsoft infrastructure broadens the attack surface and complicates detection and response.
Data shows that attackers have actively exploited Microsoft infrastructure from the Netherlands and Belgium to increase their attack range and success odds.
Russia Leveraging State-Owned Networks to Propagate Attack
Major ISPs like Telefonica LLC and IPX-FZCO are significantly abused, with the former accounting for 27.7% of attacks from Russia.
The attackers also leveraged resources from Russian allies, including Indian telecom companies Bharat Sanchar Nigam Limited and Bharti Airtel Limited, both of which have faced recent data breaches.
Scope of Brute-Force Campaign
Russia’s motivation behind these cyberattacks is multifaceted.
The reasons for these actions likely include aims to destabilize and disrupt critical infrastructure in Europe, extract sensitive data, gain financial advantage to fuel ongoing cyber-war efforts, or deploy malware.
The threat actors’ mandates can span multiple types of subversive cyber-warfare ops, including seek-and-destroy, disruption of critical assets, and sabotage.
A Wake Up Call for the European Union
This persistent threat underscores the need for cybersecurity measures within EU countries, including strengthening cloud security, enforcing multi-factor authentication, conducting regular security audits, and educating employees.
Morten Kjaersgaard, founder of Heimdal, said:
This data shows that an entity in Russia is waging a hybrid war on Europe, and may have even infiltrated it. The threat actors are aiming to extract as much data or financial means as possible, leveraging Microsoft infrastructure to do so.
Whoever is responsible, whether it’s the state or another nefarious group, they have no shame in using Russia’s allies to commit these crimes.
The exploitation of Indian infrastructure is a strong example. The data also proves these attackers have strong ties with China.
Paul Vixie, co-founder of SIE Europe, added:
The data that Heimdal has uncovered is explosively evil, and SIE Europe data clearly shows how well built these Russian Wasp nests are and they show no signs of stopping.
SIE Europe does not ever traffic in Personally Identifiable Information, and this case shows the investigative power of public information once cooperatively assembled.
Read the full investigation here: Russia-Linked Brute-Force Campaign Targets EU via Microsoft Infrastructure (heimdalsecurity.com) .
About Heimdal
Established in Copenhagen in 2014, Heimdal empowers CISOs, security teams, and IT administrators to improve their security operations, reduce alert fatigue, and implement proactive measures through a unified command and control platform.
Heimdal®'s award-winning cybersecurity solutions span the entire IT estate, addressing challenges from endpoint to network levels, including vulnerability management, privileged access, Zero Trust implementation, and ransomware prevention.
For further press information:
Maria Madalina PopoviciMedia Relations Manager
Email: mpo@heimdalsecurity.com
Charlotta joined Cabonline in 2017 and has over 18 years of experience in the taxi industry. She has been a key member of Cabonline's management team and has played a crucial role in Cabonline's operational success and strategic development.
- We are delighted to announce that Charlotta Söderlund is our new President and CEO. With her solid experience, deep understanding of our business, and strong leadership, we are confident that Charlotta will continue to drive Cabonline forward successfully, says Peter Viinapuu, Chairman of the Board of Cabonline Group.
As COO, Charlotta has been responsible for optimising Cabonline's operational processes and strengthening core businesses. As acting CEO, Charlotta has demonstrated strong and inclusive leadership and the ability to navigate a challenging period with a continued focus on growth and development.
- I am honoured to continue to lead and drive Cabonline forward into the next phase of our development and strengthen our position in the Nordic market as President and CEO. We have a great team, and I look forward to working closely with them to continue developing our business. We will focus on being relevant to our customers, travellers, riders and drivers and achieve sustainable and profitable growth. My ambition and goal is to increase our customer focus and quality by including and creating participation in our development journey ahead. I am convinced and passionate that a clear customer focus creates value for everyone, says Charlotta Söderlund.
For further information, please contact:Peter Viinapuu, Chairman of the board, phone +46 +46 76 641 10 06, peter@vgruppen.comCharlotta Söderlund, CEO, phone +46 70453 77 70, charlotta.weigel@cabonline.com
This information is information that Cabonline Group Holding AB (publ) is obliged to make public pursuantto the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 15:00 CET on July 25, 2024.
About Cabonline:
Cabonline is the leading taxi company in the Nordic region, with ~2,200 connected transporters and ~4,100 vehicles in Sweden, Norway, Finland and Denmark. Cabonline operates a series of well-known brands, such as TaxiKurir, Taxi Skåne, Umeå Taxi, Sverigetaxi, TOPCAB, Norgestaxi, Kovanen, Fixu Taxi and Flygtaxi. Through Cabonline, transporters can access attractive customer agreements, support from industry-leading technology and efficient services where shared infrastructure delivers economies of scale. In 2023, Cabonline’s revenue was approximately SEK 5.6 billion. For further information, cabonlinegroup.com/en
EQT is pleased to announce that the EQT Infrastructure V fund (“EQT”) has signed an agreement to sell its majority stake in Fiberklaar (the "Company") to its co-shareholder Proximus, Belgium's largest telecom operator, for a purchase price of EUR 246 million.
Headquartered in Ghent, Fiberklaar is Flanders' leading independent fiber-to-the-home provider, rolling out a large-scale, open access network to households and small businesses. Today, Fiberklaar has many active construction projects across Flanders and is well on track to bring fiber to households throughout the region. Fiberklaar was founded as a joint venture in 2021 by EQT and Proximus, marking EQT's first partnership with a national telecoms incumbent.
Applying its experience in developing strong fiber companies in Europe and North America, EQT, alongside Proximus, has supported Fiberklaar in creating an efficient rollout engine to build a fiber network accessible to all operators. Since its formation, Fiberklaar has played an instrumental role in accelerating fiber deployment in the Flemish region, driving digital inclusion in Belgium which continues to lag other European countries in terms of fiber coverage.
Having achieved significant milestones during its ownership, EQT’s exit is a natural next step for Fiberklaar. The Company now begins a new chapter in its journey to increase access to high-speed connectivity solutions in Belgium, while playing a role in Proximus’ possible future cooperation agreements to roll-out fiber in Flanders.
Ulrich Köllensperger, Partner within the EQT Value-Add Infrastructure Advisory team, said: “Private capital has a huge role to play in supporting companies solving connectivity gaps and modernizing digital infrastructure. We are pleased to have helped Fiberklaar scale so quickly together with Proximus, drawing on our vast experience of multiple fiber-to-the-home rollout projects across geographies. We thank the entire Fiberklaar team for their contribution and look forward to following the Company’s journey as it continues to foster digital inclusion and contribute to the prosperity of the Flemish Region.”
Guillaume Boutin, CEO Proximus, said: “Over the past three years, Fiberklaar, with full support of EQT Infrastructure and Proximus, has transformed from a start-up into a strong deployment engine. Becoming the only shareholder of Fiberklaar will allow us to work more closely together and further increase the efficiency and quality of the fiber roll-out in Flanders, while capturing the value generated by synergies.”
Jo van Gorp, CEO Fiberklaar, said: “I am very grateful to EQT for their great cooperation and support and look forward to the next phase of our partnership with our sole shareholder Proximus. Fiberklaar has played an instrumental role in accelerating fiber deployment in the Flemish region, driving digital inclusion in Belgium which continues to lag other European countries in terms of fiber coverage. We have achieved many impressive milestones over the last years with our most valued employees, construction partners and suppliers. With the valuable experience and know-how of the Proximus Group and the good relations with our stakeholders, Fiberklaar is well positioned to continue its mission to further roll out its high-quality and future-proof fiber network open to all.”
The closing of the transaction is expected in the coming days.
ContactEQT Press Office, press@eqtpartners.com