Category: Technology

Singapore test trials of Volvo autonomous electric buses

Volvo Buses and Nanyang Technological University (NTU) in Singapore have signed a cooperation agreement on a research and development program for autonomous electric buses, part of the Land Transport Authority of Singapore’s drive. Singapore and its LTA are recognized for their focus on public transport and deployment of autonomous vehicles in the effort to create…

Danish firm Grundfos appointed new Asia Pacific head

Leading pump manufacturer Grundfos has announced the appointment of Kim Jensen to the role of Group Senior Vice President and Regional Managing Director of Grundfos Asia Pacific region with effect from 1 January 12018. In his new role, Kim will lead the company’s business across 22 countries including 13 wholly-owned sales companies and local assembly…

Nokia, Huawei entered patent license agreement

Nokia (Finland) announced on 21 December that it had signed a multi-year patent license agreement with Huawei. “Huawei is one of China’s largest companies and is among the world’s leading smartphone manufacturers and we are delighted to welcome them to our family of patent licensees,” said Maria Varsellona, chief legal officer at Nokia. Details of…

Nokia collaborates with StarHub: Singapore IoT development

The two companies plan to develop new IoT use cases and applications in the areas of connected living, connected vehicles and connected buildings, with plans to offer commercial services to customers the first quarter of 2018. The alliance between Nokia and StarHub to enable easier and more rapid development of IoT services will help enterprises…

Danfoss CO₂ Mobile Training Unit visited in Malaysia

As the applications for CO₂ refrigeration systems expand, there is a need to increase competencies around its use in the industry. To help address this growing need, Danfoss (Denmark) has developed the Mobile CO 2 Training Unit. The Danfoss Mobile Training Unit is packed with CO₂ solutions and interactive learning modules. The unit had travelled…

Finish KONE buys Hong Kong-based Shan On

The Finnish lift and escalator giant KONE has acquired Hong Kong-based Shan On Engineering Company Limited. The idea is to boost KONE’s position in Asia. Shan On specializes in lift maintenance, modernization and installation services, and its maintenance base currently comprises approximately 1,000 lifts. KONE has up until now owned just over a third of the…

Bankify of Finland lands seed investment from Reech

Reech Corporations Group has agreed a major seed investment in Finland-based social finance sharing app Bankify to fund an initial commercial rollout in selected markets (announced on 30 October). The app, which has been successfully soft-launched in Finland, will initially target customers in Finland, Ireland and the Netherlands. The aim is to be able to…

Nevs agrees with China’s DiDi on electrical vehicles

NEVS AB (the Swedish company who acquired the main assets of the Saab Automobile bankruptcy estates) and DiDi Chuxing, a leading Chinese mobile transportation platform, have formed a strategic partnership and finalized a number of steps towards an extensive cooperation. The formal signing took place in Trollhättan, Sweden in Late October, in presence of among…

‘Smart Cities’ event arranged in Thailand by Sweden

Business Sweden and the Embassy of Sweden in Bangkok arranged a high level event on the topic Smart Cities in Thailand (held on 14-15 November). Workshops and roundtable discussions were organised in both Bangkok and Khon Kaen, resulting in fruitful discussions on the development of smart and sustainable cities in Thailand. H.E. Dr. Arkom Termpittayapaisith,…

Danish start-up Ernit, Nordic participation at Singapore FinTech Festival 2017

Singapore FinTech Festival returned for its second year during 13-17 November 2017, with strong Nordic participation, including Danish and Swedish fintech delegations. Singapore is a financial hub and ranks as fourth on the Global Financial Centre Index 2017. Singapore’s Monetary Authority of Singapore (MAS) organised this massive festival as a way for the City State…