Novo Nordisk said Thursday it will advance both injectable and oral versions of its experimental obesity drug, amycretin, into late-stage Phase 3 clinical trials. The decision follows feedback from regulatory authorities after the completion of earlier-stage studies for the weight-management treatment, according to the company.
A consortium led by private equity firm EQT has called for an extraordinary general meeting to replace the board of Swedish software company Fortnox, following the completion of its takeover offer. The meeting, requested by the bidder Omega II AB, will be held on July 9, according to a company filing on Wednesday.
Swedish construction company Skanska AB has secured three new U.S. contracts this week with a combined value of $612 million. The company said the value of all three projects will be included in its U.S. order bookings for the second quarter of 2025.
Sweco AB has won a multi-year contract from Germany's national railway, Deutsche Bahn, to oversee a major expansion of Munich's commuter rail system, the company said Wednesday. The contract, which begins in May 2025, will run for about 4.5 years and includes an option for a five-year extension, according to the announcement.
Swedish construction company Skanska AB announced it has secured two U.S. contracts totaling $514 million for a bridge replacement in Massachusetts and a new university building in Virginia. The company said the value of both projects will be included in its U.S. order bookings for the second quarter of 2025.
Embracer Group announced its co-founder Lars Wingefors will step down as CEO as part of a major strategic overhaul that will see the video game holding company split into three separate entities. Phil Rogers, the current deputy CEO, will take over the chief executive role effective August 1, 2025, the company said Tuesday.
Swedish technology group Lagercrantz Group AB announced Tuesday it has acquired 100% of the shares in Epoke A/S, a Danish manufacturer of winter road maintenance equipment. Epoke generates annual revenues of approximately 240 million Danish Kroner with good profitability, Lagercrantz said in a statement.
Swedish construction company Skanska AB announced Tuesday it has secured two U.S. contracts totaling $514 million for a bridge replacement in Massachusetts and a new university building in Virginia. The company said the value of both projects will be included in its U.S. order bookings for the second quarter of 2025.
Danish hearing-aid maker Demant A/S said Wednesday it has agreed to acquire German retailer KIND Group for 700 million Euros in its largest-ever deal, significantly expanding its footprint in one of the world's biggest hearing care markets. The acquisition will add around 650 hearing care clinics, mostly in Germany, bringing Demant's global retail network to more than 4,500 clinics, the company said.
Swedish medical technology company Elekta has appointed Jakob Just-Bomholt as its new President and Chief Executive Officer, effective September 1, 2025. The appointment follows the departure of former CEO Gustaf Salford in March and a recent company decision to cancel 4.9 billion Swedish Kronor in orders.
Sweco AB has won a multi-year contract from Deutsche Bahn, Germany's national railway, for a major rail expansion in Munich, the company announced Wednesday. The contract, starting May 2025, will run for approximately 4.5 years with a possible five-year extension, Sweco said.
Lagercrantz Group AB announced on Tuesday it has acquired 100% of the shares in Epoke A/S, a Danish manufacturer specializing in winter road maintenance equipment. Epoke, based in South Jutland, Denmark, generates annual revenues of approximately 240 million Danish Kroner and maintains good profitability, Lagercrantz said.
Swedish construction company Skanska has been awarded a contract by the Massachusetts Department of Transportation to design and replace the Rourke Bridge in Lowell, Massachusetts, the company announced Tuesday. The contract is valued at USD 274 million, approximately SEK 2.8 billion, and Skanska said this amount will be registered in its U.S. order bookings for the second quarter of 2025.
Skanska announced on Tuesday it has signed a supplemental contract with Virginia Tech, valued at USD 240 million (approximately SEK 2.5 billion), to construct a new College of Engineering building. The construction group stated this contract value will be included in its U.S. order bookings for the second quarter of 2025.
Demant A/S will acquire German hearing aid retailer KIND Group for 700 million Euros (approximately 5.2 billion Danish Kroner) in its largest-ever acquisition, the company announced Wednesday. The deal expands Demant's global Hearing Care business to over 4,500 clinics, with KIND adding around 650 clinics, mainly in Germany, Demant said.
Elekta announced Monday that its Board of Directors has appointed Jakob Just-Bomholt as its new President and Chief Executive Officer, effective September 1, 2025. Just-Bomholt, a Danish citizen, will join Elekta in August for onboarding and will be based in Stockholm, the company said.
Embracer Group announced Tuesday that its Board of Directors has appointed Phil Rogers as the new CEO, effective August 1, 2025, as part of its ongoing transformation process. Current CEO and co-founder Lars Wingefors is proposed to be appointed Executive Chair of the Board at the Annual General Meeting on September 18, 2025, the company said.
Elekta AB detailed its future growth prospects and the results of a proactive order review at its Investor Update in Stockholm, the company said Tuesday. The Swedish medical technology company is aiming to restore its gross margin to pre-pandemic levels and achieve an earnings before interest and taxes (EBIT) margin of at least 14% in the medium term, according to a company statement.
Sweco secured a multi-year contract from Deutsche Bahn, Germany's national railway, for a major Munich rail expansion, the company announced. Starting May 2025, the contract is for about 4.5 years, with a possible five-year extension.
Demant will acquire German hearing aid retailer KIND Group for EUR 700 million (DKK 5.2 billion), its largest deal ever. The deal expands Demant's global Hearing Care clinics to over 4,500, boosting its German presence, the company said.
Embracer Group announced a significant leadership shuffle Tuesday, appointing Phil Rogers as its new CEO, effective August 1, 2025. Current CEO and co-founder Lars Wingefors is proposed to become the Executive Chair of the Board at the company's Annual General Meeting on September 18, 2025.
Lagercrantz Group announced Tuesday it has acquired 100% of the shares in Epoke A/S, a Danish manufacturer specializing in winter road maintenance equipment. Epoke generates annual revenues of approximately 240 million Danish Kroner with good profitability, according to the company.
Elekta announced a significant adjustment to its order backlog, cancelling orders valued at 4.9 billion Swedish Krona following a proactive review aimed at improving profitability and predictability. The revised backlog now stands at 36.9 billion Swedish Krona, after also factoring in 1.7 billion Swedish Krona in positive net sales and new orders, and a negative foreign exchange impact of 4.3 billion Swedish Krona, the company stated.
Skanska has signed a contract worth $274 million with the Massachusetts Department of Transportation to design and replace the Rourke Bridge in Lowell, Massachusetts, the company announced. The contract, valued at approximately 2.8 billion Swedish Kronor, will be included in Skanska's U.S. order bookings for the second quarter of 2025.
Skanska has signed a supplemental contract worth $240 million, approximately 2.5 billion Swedish Kronor, with Virginia Tech to construct a new College of Engineering building, the company announced. This contract value will be included in Skanska's U.S. order bookings for the second quarter of 2025.
Elekta has appointed Jakob Just-Bomholt as its new President and CEO, effective September 1, 2025, the medical technology firm announced. Just-Bomholt, who will join in August for onboarding, previously served as CEO of dental technology company 3Shape and held senior executive positions at Falck A/S and A/P Moller Maersk, according to the company.
Elekta announced Monday the appointment of Jakob Just-Bomholt as its new President and Chief Executive Officer, effective September 1, 2025. Just-Bomholt, currently CEO of Danish 3D scanning and software company 3Shape, will join Elekta in August for onboarding, working with current Acting CEO Jonas Bolander, the company said.
Elekta has named Jakob Just-Bomholt as its new President and Chief Executive Officer, effective September 1, 2025, the company announced. Just-Bomholt, previously CEO of 3Shape, a global innovator in 3D scanning for the dental industry, will join Elekta in August for a transition period.
Finnish retail conglomerate Kesko Oyj has completed its acquisition of Danish builders' merchant Tømmergaarden A/S, marking the finalization of three strategic Danish acquisitions. This move significantly expands Kesko's Danish subsidiary, Davidsen, transforming it into a major nationwide player in the Danish builders' merchant market, according to the company.
UPM-Kymmene Corporation announced it will discontinue its planned biofuels refinery project at the Port of Rotterdam, halting all engineering work and withdrawing from site commitments. The company said it is sharpening its focus on biofuels growth.
Skanska has secured a contract worth 1.7 billion Norwegian Kroner (about 1.6 billion Swedish Kronor) to construct the new Skøyen metro station in Oslo, Norway, the company announced. The project, which will be included in Skanska's second-quarter 2025 order bookings, involves building an underground station with two tracks and two access points, including a station hall approximately 45 meters below ground.
Swedish medical technology firm Elekta reported a net loss of 381 million Swedish Kronor for its fourth quarter, impacted by a 1.064 billion Swedish Kronor non-cash impairment from discontinued research and development projects, the company said. For the full year, net income fell to 240 million Swedish Kronor.
Boliden announced it has secured long-term financing for its acquisition of the Somincor copper and zinc mine in Portugal and the Zinkgruvan zinc mine in Sweden. This includes a Sustainability Linked 700 million Euro Term Loan with a three-year tenor, provided by several banks, which repays the bridge loan.
Castellum AB's Chair, Louise Richnau, and board member Stefan Ränk will step down from their positions at an upcoming Extraordinary General Meeting (EGM), the company announced. The EGM was requested by Akelius Apartments Ltd to address board composition and remuneration.
Novonesis has successfully completed its acquisition of dsm-firmenich's share of the Feed Enzyme Alliance, the company announced. The transaction follows the satisfaction of all closing conditions.
Genmab A/S announced encouraging results from its Phase 1/2 RAINFOL-01 trial for rinatabart sesutecan (Rina-S), an investigational antibody-drug conjugate (ADC), in heavily pretreated patients with advanced endometrial cancer. An ADC is a targeted therapy that delivers a potent drug directly to cancer cells.
Mycronic's Global Technologies division has acquired U.S.-based Surfx Technologies, a firm providing atmospheric plasma surface treatment solutions in advanced packaging and semiconductor processing, the company said. Surfx's unique vacuum-free technology enables cleaning and active oxide removal, ideal for inline electronics manufacturing.
Orion's collaboration partner Bayer announced U.S. FDA approval for darolutamide, an androgen receptor inhibitor (ARi), for metastatic hormone-sensitive prostate cancer (mHSPC). This marks the drug's third indication, allowing its use with androgen deprivation therapy (ADT), with or without chemotherapy.
Valmet unveiled its new "Lead the Way" strategy and ambitious 2030 financial targets. New 2030 targets include 5% organic net sales growth, a 15% comparable EBITA margin, 20% comparable return on capital employed, and gearing below 50%.
Mandatum has announced new financial targets for 2025-2028, aiming to accelerate capital-light growth and profitability. The financial services provider targets a return on equity above 20% and a compound annual growth rate exceeding 10% for capital-light profit before taxes.
Swedbank on Wednesday outlined its "Swedbank 15/27" financial plan, targeting a sustainable return on equity of at least 15%. The Swedish bank's President and CEO, Jens Henriksson, stated, "Our plan is to continue to deliver a sustainable return on equity of at least 15 per cent."
Investment AB Latour has issued two new bond loans totaling 1.2 billion Swedish Kronor, the company announced on Wednesday. The issuance falls within the aggregate nominal amount of its existing MTN program.
Sweco Sverige AB, an indirect wholly owned subsidiary of Sweco AB, has made public its recommended cash offer to acquire all shares in Projektengagemang Sweden AB for SEK 15 per share. The offer document has been approved and registered by the Swedish Financial Supervisory Authority, the company said.
Sweco Sverige AB has launched a recommended cash offer of 15 Swedish Kronor per share for Projektengagemang Sweden AB, a 360.8 million Swedish Kronor deal, a 117% premium over its last closing price. Projektengagemang's Independent Bid Committee unanimously recommended the offer, with major shareholders (62.62% of shares, 80.79% of votes) committing to accept.
Lagercrantz Group AB has acquired Orax, a Swedish technology company specializing in products for the funeral and cemetery sectors, the company announced. Orax, which generates annual revenues of approximately 50 million Swedish Kronor with good profitability, develops and manufactures items for coffin handling, grave safety, and cemetery maintenance.
The Royal Thai Air Force has confirmed its selection of Saab's Gripen E/F as its new multi-role fighter, the Swedish defence company announced. This decision initiates the next steps in the procurement process with the Kingdom of Thailand, though no contract has been signed yet, according to the company.
Medical imaging IT and cybersecurity company Sectra AB reported robust financial results for its 2024/2025 fiscal year, driven by record order bookings and a strategic shift towards service deliveries. Net sales increased 9.3% to 3.24 billion Swedish Kronor, while comparable operating profit rose 18.4% to 613.0 million Swedish Kronor, the company said.