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| Top National Business and Finance Headlines |
| Telia to invest over SEK 5 bln per year until 2015 |
| ABW - 18 May, 2013 |
| Telia will invest more than SEK 5 billion per year until 2015 to improve mobile communication both in rural and in urban areas in Sweden as well as extend and upgrade its fixed networks. The investment will increase the geographic coverage, bring higher data speeds and improve voice quality in mobile networks. The entire GSM network, currently based on 2G technology, will be upgraded to the latest technology in 3G and 4G. The investment will take mobile coverage to more than 90 percent of the country's land area. Some 99 percent of the population will have access to LTE where they live in 2014 and the LTE network will cover more than 90 percent of Sweden in 2015. |
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| Telia to invest over SEK 5 bln per year until 2015 |
| ABW - 18 May, 2013 |
| Telia will invest more than SEK 5 billion per year until 2015 to improve mobile communication both in rural and in urban areas in Sweden as well as extend and upgrade its fixed networks. The investment will increase the geographic coverage, bring higher data speeds and improve voice quality in mobile networks. The entire GSM network, currently based on 2G technology, will be upgraded to the latest technology in 3G and 4G. The investment will take mobile coverage to more than 90 percent of the country's land area. Some 99 percent of the population will have access to LTE where they live in 2014 and the LTE network will cover more than 90 percent of Sweden in 2015. |
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| Sweden's Investor wraps up Permobil buy |
| MTN - 15 May, 2013 |
| 15 May 2013 - Swedish investment firm Investor AB (STO:INVE-B) said today that it had finalised the purchase of domestic powered wheelchair maker Permobil AB from Nordic Capital Fund V, part of Swedish private equity firm Nordic Capital, after securing regulatory approval.The deal, agreed in late March, gives the target an enterprise value of SEK5.1bn (USD765m/EUR592m). The buyer has said it would make an equity investment of SEK3.5bn, with the rest to be funded with debt and equity participation by the management. In addition, Investor can make an earn-out payment of up to SEK400m in 2016, if the target's average annual EBITDA in the 2013-2015 period exceeds the current level by at least 25%. Last year, Permobil posted sales of SEK1.6m and EBITDA of SEK350m.Investor sees the combination as an opportunity for future profitable growth, whereas the target believes that the new owner would help it realise the potential of its technology, brand and sales organisation, the companies said previously.Country: SwedenSector: Healthcare, Machinery/EngineeringTarget: Permobil ABBuyer: Investor ABVendor: Nordic Capital, Nordic Capital Fund VDeal size in USD: 825mType: LBOFinancing: Cash & DebtStatus: ClosedComment: Deal size refers to maximum price. |
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| Sweden's Investor wraps up Permobil buy |
| MTN - 15 May, 2013 |
| 15 May 2013 - Swedish investment firm Investor AB (STO:INVE-B) said today that it had finalised the purchase of domestic powered wheelchair maker Permobil AB from Nordic Capital Fund V, part of Swedish private equity firm Nordic Capital, after securing regulatory approval.The deal, agreed in late March, gives the target an enterprise value of SEK5.1bn (USD765m/EUR592m). The buyer has said it would make an equity investment of SEK3.5bn, with the rest to be funded with debt and equity participation by the management. In addition, Investor can make an earn-out payment of up to SEK400m in 2016, if the target's average annual EBITDA in the 2013-2015 period exceeds the current level by at least 25%. Last year, Permobil posted sales of SEK1.6m and EBITDA of SEK350m.Investor sees the combination as an opportunity for future profitable growth, whereas the target believes that the new owner would help it realise the potential of its technology, brand and sales organisation, the companies said previously.Country: SwedenSector: Healthcare, Machinery/EngineeringTarget: Permobil ABBuyer: Investor ABVendor: Nordic Capital, Nordic Capital Fund VDeal size in USD: 825mType: LBOFinancing: Cash & DebtStatus: ClosedComment: Deal size refers to maximum price. |
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| Sweden's Investor wraps up Permobil buy |
| MTN - 15 May, 2013 |
| 15 May 2013 - Swedish investment firm Investor AB (STO:INVE-B) said today that it had finalised the purchase of domestic powered wheelchair maker Permobil AB from Nordic Capital Fund V, part of Swedish private equity firm Nordic Capital, after securing regulatory approval.The deal, agreed in late March, gives the target an enterprise value of SEK5.1bn (USD765m/EUR592m). The buyer has said it would make an equity investment of SEK3.5bn, with the rest to be funded with debt and equity participation by the management. In addition, Investor can make an earn-out payment of up to SEK400m in 2016, if the target's average annual EBITDA in the 2013-2015 period exceeds the current level by at least 25%. Last year, Permobil posted sales of SEK1.6m and EBITDA of SEK350m.Investor sees the combination as an opportunity for future profitable growth, whereas the target believes that the new owner would help it realise the potential of its technology, brand and sales organisation, the companies said previously.Country: SwedenSector: Healthcare, Machinery/EngineeringTarget: Permobil ABBuyer: Investor ABVendor: Nordic Capital, Nordic Capital Fund VDeal size in USD: 825mType: LBOFinancing: Cash & DebtStatus: ClosedComment: Deal size refers to maximum price. |
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| Sweden's Investor wraps up Permobil buy |
| MTN - 15 May, 2013 |
| 15 May 2013 - Swedish investment firm Investor AB (STO:INVE-B) said today that it had finalised the purchase of domestic powered wheelchair maker Permobil AB from Nordic Capital Fund V, part of Swedish private equity firm Nordic Capital, after securing regulatory approval.The deal, agreed in late March, gives the target an enterprise value of SEK5.1bn (USD765m/EUR592m). The buyer has said it would make an equity investment of SEK3.5bn, with the rest to be funded with debt and equity participation by the management. In addition, Investor can make an earn-out payment of up to SEK400m in 2016, if the target's average annual EBITDA in the 2013-2015 period exceeds the current level by at least 25%. Last year, Permobil posted sales of SEK1.6m and EBITDA of SEK350m.Investor sees the combination as an opportunity for future profitable growth, whereas the target believes that the new owner would help it realise the potential of its technology, brand and sales organisation, the companies said previously.Country: SwedenSector: Healthcare, Machinery/EngineeringTarget: Permobil ABBuyer: Investor ABVendor: Nordic Capital, Nordic Capital Fund VDeal size in USD: 825mType: LBOFinancing: Cash & DebtStatus: ClosedComment: Deal size refers to maximum price. |
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| Deal snapshot: HEXAGON BUYS DISTRIBUTION FIRM MANFRA IN BRAZIL |
| MTN - 10 May, 2013 |
| Swedish technology group Hexagon AB (STO:HEXAB) said it had taken over Brazil-based company Manfra, which distributes products made by Hexagon's Swiss unit Leica Geosystems.Country: BrazilSector: Wholesale/Retail, Computer SoftwareTarget: ManfraBuyer: Hexagon ABType: Corporate acquisitionStatus: Closed |
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| Deal snapshot: HEXAGON BUYS DISTRIBUTION FIRM MANFRA IN BRAZIL |
| MTN - 10 May, 2013 |
| Swedish technology group Hexagon AB (STO:HEXAB) said it had taken over Brazil-based company Manfra, which distributes products made by Hexagon's Swiss unit Leica Geosystems.Country: BrazilSector: Wholesale/Retail, Computer SoftwareTarget: ManfraBuyer: Hexagon ABType: Corporate acquisitionStatus: Closed |
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| Lundin Petroleum AB: Oil Discovery in Luno II Exploration Well Offshore Norway |
| Marketwired - 08 April, 2013 |
| STOCKHOLM, SWEDEN -- (Marketwired) -- 04/08/13 -- Lundin Petroleum AB (Lundin Petroleum) (TSX: LUP)(OMX: LUPE) through its wholly owned subsidiary Lundin Norway AS (Lundin Norway) is pleased to announce that the drilling of exploration well 16/4-6S on the Luno II prospect has resulted in a potentially significant oil discovery. The well is located in PL359 in the central North Sea sector of the Norwegian Continental Shelf (NCS). The well will now be tested. |
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| Lundin Petroleum AB: Oil Discovery in Luno II Exploration Well Offshore Norway |
| Marketwired - 08 April, 2013 |
| STOCKHOLM, SWEDEN -- (Marketwired) -- 04/08/13 -- Lundin Petroleum AB (Lundin Petroleum) (TSX: LUP)(OMX: LUPE) through its wholly owned subsidiary Lundin Norway AS (Lundin Norway) is pleased to announce that the drilling of exploration well 16/4-6S on the Luno II prospect has resulted in a potentially significant oil discovery. The well is located in PL359 in the central North Sea sector of the Norwegian Continental Shelf (NCS). The well will now be tested. |
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| Electrolux Selects GT Nexus as Collaborative Cloud-Based Global Freight Spend Management Platform |
| MARKETWIRE - 20 Mar, 2013 |
| HAMBURG, GERMANY -- (Marketwire) -- 03/20/13 -- GT Nexus announced today that it has been selected by Electrolux to provide a cloud technology platform that will automate the closed loop global freight spend management process for the leading appliance manufacturer. Delivered as a service over the Internet, the platform will optimize the entire purchase-to-pay life cycle for air and ocean transportation. |
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| Electrolux Selects GT Nexus as Collaborative Cloud-Based Global Freight Spend Management Platform |
| MARKETWIRE - 20 Mar, 2013 |
| HAMBURG, GERMANY -- (Marketwire) -- 03/20/13 -- GT Nexus announced today that it has been selected by Electrolux to provide a cloud technology platform that will automate the closed loop global freight spend management process for the leading appliance manufacturer. Delivered as a service over the Internet, the platform will optimize the entire purchase-to-pay life cycle for air and ocean transportation. |
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| Ericsson and STMicroelectronics agree on strategic way forward for ST- Ericsson |
| MARKETWIRE - 18 Mar, 2013 |
| STOCKHOLM, SWEDEN -- (Marketwire) -- 03/18/13 -- Ericsson (NASDAQ: ERIC) and
STMicroelectronics (NYSE: STM) today announced an
agreement on the way forward for the joint venture (JV) ST-Ericsson. As
communicated by the parent companies in December 2012, both have been
working
together toward a strategic solution for the JV. After months of intensive
joint
work, the parent companies have selected the strategic option which
maximizes
their respective future prospects and growth plans. |
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| Ericsson and STMicroelectronics agree on strategic way forward for ST- Ericsson |
| MARKETWIRE - 18 Mar, 2013 |
| STOCKHOLM, SWEDEN -- (Marketwire) -- 03/18/13 -- Ericsson (NASDAQ: ERIC) and
STMicroelectronics (NYSE: STM) today announced an
agreement on the way forward for the joint venture (JV) ST-Ericsson. As
communicated by the parent companies in December 2012, both have been
working
together toward a strategic solution for the JV. After months of intensive
joint
work, the parent companies have selected the strategic option which
maximizes
their respective future prospects and growth plans. |
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| Telogis and Volvo Trucks Enter Into Memorandum of Agreement |
| MARKETWIRE - 12 Mar, 2013 |
| ALISO VIEJO, CA -- (Marketwire) -- 03/12/13 -- Telogis and Volvo Trucks in North America have entered into a memorandum of agreement (MOA) to bring value to Volvo customers through the future development of services that leverage the comprehensive cloud-based Telogis platform including telematics, compliance, and mobile. Telogis' award-winning cloud-based location intelligence platform delivers telematics, dynamic routing, real-time work order management, commercial navigation and mobile integration services for companies with mobile workforces. |
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| Telogis and Volvo Trucks Enter Into Memorandum of Agreement |
| MARKETWIRE - 12 Mar, 2013 |
| ALISO VIEJO, CA -- (Marketwire) -- 03/12/13 -- Telogis and Volvo Trucks in North America have entered into a memorandum of agreement (MOA) to bring value to Volvo customers through the future development of services that leverage the comprehensive cloud-based Telogis platform including telematics, compliance, and mobile. Telogis' award-winning cloud-based location intelligence platform delivers telematics, dynamic routing, real-time work order management, commercial navigation and mobile integration services for companies with mobile workforces. |
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| Amazon Connection Wins 2013 Global Mobile Award |
| MARKETWIRE - 26 Feb, 2013 |
| STOCKHOLM, SWEDEN -- (Marketwire) -- 02/26/13 -- |
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| Amazon Connection Wins 2013 Global Mobile Award |
| MARKETWIRE - 26 Feb, 2013 |
| STOCKHOLM, SWEDEN -- (Marketwire) -- 02/26/13 -- |
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| Ericsson provides Softbank Mobile with Smart Services Routers |
| MARKETWIRE - 22 Feb, 2013 |
| STOCKHOLM, SWEDEN -- (Marketwire) -- 02/22/13 -- |
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| Ericsson provides Softbank Mobile with Smart Services Routers |
| MARKETWIRE - 22 Feb, 2013 |
| STOCKHOLM, SWEDEN -- (Marketwire) -- 02/22/13 -- |
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| Top Company Press Releases |
| 'Ericsson Nikola Tesla's profits up 37 percent in Q1' |
| DME - 01 May, 2013 |
| Croatian telecommunications equipment manufacturer Ericsson Nikola Tesla said its net profit rose 37 percent year-on-year to HRK 48.9 million in the first quarter. Operating profit was 34 percent higher at HRK 42.1 million, and revenue grew 35 percent on the same period last year to HRK 330.2 million. Domestic market sales were up 21 percent to HRK 77.8 million, while growth of 81 percent to HRK 52 million was registered in the markets of Bosnia and Herzegovina, Montenegro and Kosovo. Sales in the Commonwealth of Independent States grew 228 percent to HRK 60.5 million. |
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| 'Ericsson Nikola Tesla's profits up 37 percent in Q1' |
| DME - 01 May, 2013 |
| Croatian telecommunications equipment manufacturer Ericsson Nikola Tesla said its net profit rose 37 percent year-on-year to HRK 48.9 million in the first quarter. Operating profit was 34 percent higher at HRK 42.1 million, and revenue grew 35 percent on the same period last year to HRK 330.2 million. Domestic market sales were up 21 percent to HRK 77.8 million, while growth of 81 percent to HRK 52 million was registered in the markets of Bosnia and Herzegovina, Montenegro and Kosovo. Sales in the Commonwealth of Independent States grew 228 percent to HRK 60.5 million. |
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| Ericsson reports first quarter results 2013 |
| Marketwired - 24 April, 2013 |
| STOCKHOLM, SWEDEN -- (Marketwired) -- 04/24/13 -- |
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| Ericsson reports first quarter results 2013 |
| Marketwired - 24 April, 2013 |
| STOCKHOLM, SWEDEN -- (Marketwired) -- 04/24/13 -- |
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| Ericsson's Annual General Meeting 2013 |
| Marketwired - 09 April, 2013 |
| STOCKHOLM, SWEDEN -- (Marketwired) -- 04/09/13 -- Telefonaktiebolaget LM Ericsson's Annual
General Meeting ("AGM") was held on
April 9, 2013 in Stockholm. |
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| Ericsson's Annual General Meeting 2013 |
| Marketwired - 09 April, 2013 |
| STOCKHOLM, SWEDEN -- (Marketwired) -- 04/09/13 -- Telefonaktiebolaget LM Ericsson's Annual
General Meeting ("AGM") was held on
April 9, 2013 in Stockholm. |
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| Lundin Petroleum's 2012 Annual Report is Now Available on www.lundin-petroleum.com |
| Marketwired - 09 April, 2013 |
| STOCKHOLM, SWEDEN -- (Marketwired) -- 04/09/13 -- Lundin Petroleum AB (TSX: LUP)(OMX: LUPE) - |
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| Lundin Petroleum's 2012 Annual Report is Now Available on www.lundin-petroleum.com |
| Marketwired - 09 April, 2013 |
| STOCKHOLM, SWEDEN -- (Marketwired) -- 04/09/13 -- Lundin Petroleum AB (TSX: LUP)(OMX: LUPE) - |
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| Lundin Petroleum Spuds Exploration Well on the Luno II Prospect in the North Sea |
| MARKETWIRE - 12 Mar, 2013 |
| STOCKHOLM, SWEDEN -- (Marketwire) -- 03/12/13 -- Lundin Petroleum AB (TSX: LUP)(OMX: LUPE) (Lundin Petroleum) through its wholly owned subsidiary Lundin Norway AS (Lundin Norway) is pleased to announce that drilling of exploration well 16/4-6S in PL359 has commenced. The well will target the Luno II prospect, which is located south of the Edvard Grieg field in the North Sea, offshore Norway. |
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| Lundin Petroleum Spuds Exploration Well on the Luno II Prospect in the North Sea |
| MARKETWIRE - 12 Mar, 2013 |
| STOCKHOLM, SWEDEN -- (Marketwire) -- 03/12/13 -- Lundin Petroleum AB (TSX: LUP)(OMX: LUPE) (Lundin Petroleum) through its wholly owned subsidiary Lundin Norway AS (Lundin Norway) is pleased to announce that drilling of exploration well 16/4-6S in PL359 has commenced. The well will target the Luno II prospect, which is located south of the Edvard Grieg field in the North Sea, offshore Norway. |
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| Ericsson's Annual Report for 2012 now published |
| MARKETWIRE - 08 Mar, 2013 |
| STOCKHOLM, SWEDEN -- (Marketwire) -- 03/08/13 -- Ericsson's (NASDAQ: ERIC) Annual Report
for 2012 is now available online at
www.ericsson.com/thecompany/investors/financial-reports. |
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| Ericsson's Annual Report for 2012 now published |
| MARKETWIRE - 08 Mar, 2013 |
| STOCKHOLM, SWEDEN -- (Marketwire) -- 03/08/13 -- Ericsson's (NASDAQ: ERIC) Annual Report
for 2012 is now available online at
www.ericsson.com/thecompany/investors/financial-reports. |
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| Lundin Petroleum AB: Johan Sverdrup Appraisal Well 16/3-5 Is Successfully Completed and Tested, Offshore Norway |
| MARKETWIRE - 06 Mar, 2013 |
| STOCKHOLM, SWEDEN -- (Marketwire) -- 03/06/13 -- Lundin Petroleum AB (TSX: LUP)(OMX: LUPE) (Lundin Petroleum) through its wholly owned subsidiary Lundin Norway AS (Lundin Norway) is pleased to announce that the Johan Sverdrup appraisal well 16/3-5 located in PL501 has encountered a 30 meter gross oil column in Upper Jurassic sandstone and Permian Zechstein Group carbonate reservoir. |
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| Lundin Petroleum AB: Johan Sverdrup Appraisal Well 16/3-5 Is Successfully Completed and Tested, Offshore Norway |
| MARKETWIRE - 06 Mar, 2013 |
| STOCKHOLM, SWEDEN -- (Marketwire) -- 03/06/13 -- Lundin Petroleum AB (TSX: LUP)(OMX: LUPE) (Lundin Petroleum) through its wholly owned subsidiary Lundin Norway AS (Lundin Norway) is pleased to announce that the Johan Sverdrup appraisal well 16/3-5 located in PL501 has encountered a 30 meter gross oil column in Upper Jurassic sandstone and Permian Zechstein Group carbonate reservoir. |
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