AAK strengthens its position in southeast India by acquiring Arani Agro Oil
AAK AB (publ.) has acquired 100 percent of the shares in Arani Agro Oil Industries Ltd. The acquisition aligns with AAK’s strategy to expand geographically and increase its market share in India's high-value specialty oils and fats market. Arani operates out of Kakinada Port on the southeast coast of India.
Over the coming years, AAK will invest an estimated total of SEK 200-300 million, including the acquisition consideration, to increase capacity and improve efficiency in the production facility. In addition, the investment will support the wider development of the region, and AAK willRead more →
ASSA ABLOY today hosts its Capital Markets Day
Today, Wednesday 16 November, starting at 08:30 GMT (09:30 CET), ASSA ABLOY hosts its Capital Markets Day in London, UK, where Nico Delvaux, President & CEO and Erik Pieder, CFO, will provide an update on ASSA ABLOY’s strategy and direction. This will include an overview of strategic activities that ASSA ABLOY is working on to continue to grow the business profitably. The financial targets of an EBIT-margin of 16-17% and an annual sales growth of 10% over a business cycle are re-confirmed. No detailed outlook statement will be made.
The CMD will also include an overview of OpeningRead more →
ASSA ABLOY’s climate targets validated as science-based
ASSA ABLOY, the global leader in access solutions, has received validation by the Science Based Targets initiative (SBTi) for the company’s emission reduction targets.
In 2020, ASSA ABLOY launched ambitious sustainability goals to substantially reduce its greenhouse gas emissions across the entire value chain, including halving absolute emissions by 2030 and reaching net-zero no later than 2050. The SBTi has now ratified that ASSA ABLOY’s emission reduction targets are in line with the requirements to limit global warming to 1.5°C, which is consistent with the latest climate scienceRead more →
Hexagon’s R-evolution enables blue carbon credits for the world’s largest seagrass ecosystem
Hexagon AB, a global leader in digital reality solutions combining sensor, software and autonomous technologies, today announced that R-evolution, the sustainable innovation and green-tech investment subsidiary of Hexagon, has been awarded a contract to supply multi-dimensional intelligent mapping services of The Bahamas’ seabed. The services are part of a larger initiative to enable the island nation to protect, restore and activate its blue carbon ecosystems to invest in climate resilience and biodiversity initiatives.
Over 80% of the global carbon cycle is circulated through the oceans,Read more →
Hexagon announces resignation of Jürgen Dold as Executive Vice President, effective 01 January 2023
Hexagon AB, a global leader in digital reality solutions, combining sensor, software and autonomous technologies, today announced that Jürgen Dold, Executive Vice President, will resign from Hexagon effective 01 January 2023.
Dold has been with Hexagon since 1995. He’s served in different management roles at Leica Geosystems, ran Hexagon’s Geosystems division as division president for ten years, and most recently, served in strategic leadership roles across divisions including overseeing Hexagon’s Geosystems and Safety, Infrastructure & Geospatial divisions and leading Hexagon’s focus onRead more →
Hexagon’s Leica BLK2FLY named one of TIME’s Best Inventions of 2022
Hexagon AB, a global leader in digital reality solutions combining sensor, software and autonomous technologies, today announced the Leica BLK2FLY has been named one of TIME’s Best Inventions of 2022 (https://time.com/collection/best-inventions-2022/6224845/leica-geosystems-blk2fly/).
The BLK2FLY, recognised for its productivity and innovation, is the world’s first fully integrated autonomous flying laser scanner. It’s part of Hexagon’s BLK suite of autonomous reality capture sensors known for their speed, portability, ease-of-use and mobility.
To compile the list, TIME solicitedRead more →
Capital Markets Day 2023
HEXPOL Group is pleased to invite investors, analysts, media and other key stakeholders to its Capital Markets Day on March 20, 2023. The Capital Markets Day will be held as a physical event at our HEXPOL TPE site, in Åmål Sweden.
President and CEO Georg Brunstam will, together with Peter Rosén, deputy CEO and CFO, and key members of HEXPOL Group, provide an update on HEXPOL’s strategy and growth opportunities, as well as financial development, and progress made within sustainability and selected areas. In addition, we will tour the production, and visit the new production line forRead more →
Securitas AB Interim Report January–September 2022
· Total sales MSEK 36 013 (27 338)
· Organic sales growth 7 percent (4)
· Operating income before amortization MSEK 2 330 (1 605)
· Operating margin 6.5 percent (5.9)
· Items affecting comparability (IAC) MSEK –414 (–120), relating to the previously announced trans-formation programs and the acquisition of STANLEY Security
· Earnings per share SEK 2.46 (2.15)*
· Earnings per share, before IAC, SEK 3.24 (2.34)*
· Cash flow from operating activities 122 percent (75)
· Total sales MSEK 95 146 (79 651)
· OrganicRead more →
HEXPOL has signed an agreement to acquire 100% of the shares in McCann Plastics, an American specialist in thermoplastic compounding
HEXPOL has signed an agreement to acquire 100% of the shares in McCann Plastics LLC from the McCann family. The company is specialized in niche thermoplastic compounds, with special focus on roto molding applications.
The acquisition is fully in line with HEXPOL’s M&A strategy of acquisitions within polymer compounds. Furthermore, the acquisition complements our current operations in the US and strengthens our market position.
“The acquisition of McCann is fully in line with our growth strategy with acquisitions within polymer compounds and strengthens our market position in the US.Read more →