latest news releases from the newsroom
Safelogic raises $3.5 million in new capital
STOCKHOLM and GOTHENBURG, Sweden, Oct. 01, 2003 (PRIMEZONE) -- Safelogic, an electronic design automation (EDA) company and provider of functional verification products for integrated circuit (IC) designs, today announced it has raised $3.5 million in a second round of funding from new investors InnovationsKapital and Northzone Ventures together with existing investors the Malmsten family, NewMedia SPARK and Paradigm Capital Partners. The funding will be used to broaden Safelogic's customer base.
NCC sells concrete operations in Norway for SEK 73 million
SOLNA, Sweden, Oct. 1, 2003 (PRIMEZONE) -- NCC Roads has sold its ready-mixed concrete operations in Norway to two Norwegian companies, Unicon and NorBetong. Unicon is acquiring one portion of the operations for approximately SEK 60 million (NOK 55.25 million) and NorBetong is acquiring the other portion for about SEK 13 million (NOK 11.75 million). The total sales price is approximately SEK 73 million (NOK 67 million). The sale will have a marginal impact on NCC's earnings for the third quarter of 2003.
Telenor Mobil in new European "Mobile Alliance"
OSLO, Norway, Oct. 01, 2003 (PRIMEZONE) -- Telenor (Nasdaq:TELN): Nine leading independent mobile operators today announced the formation of the Mobile Alliance to provide seamless, enhanced voice and data solutions for business and consumer customers across Europe. Amena (Spain), O2 (Germany, UK and Ireland), One (Austria), Pannon GSM (Hungary), sunrise (Switzerland), Telenor Mobil (Norway) and Wind (Italy) yesterday signed a formal agreement in Munich, Germany.
Trelleborg Group's acquisition of PSS completed
STOCKHOLM, Sweden, Oct. 01, 2003 (PRIMEZONE) -- The Trelleborg Group's (Other OTC:TBABF) acquisition of Polymer Sealing Solutions (PSS), the precision seal division of Smiths of the UK, has now been completed. PSS has annual sales of approximately SEK 5.5 billion and some 6,000 employees. The Trelleborg Group will thereby have total sales of approximately SEK 22.5 billion with about 21,000 employees in some 40 countries.