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Buksér og Berging and Svitzer join forces
Globenewswire· 2025-11-10 15:31
Core Insights - Svitzer Group A/S has acquired a 66.6% stake in Buksér og Berging AS, a leading Norwegian towage and marine service company, pending regulatory approvals [1] - The acquisition aims to leverage shared knowledge and experience in global towage and marine solutions [1] Company Overview - Buksér og Berging AS specializes in marine services within ports and terminals, towage, offshore work, and complex marine operations in Norway [2] - Svitzer operates over 450 vessels globally and is a key player in the towage and marine services sector [2][8] Operational Structure - Buksér og Berging will continue to operate independently under its own brand, management, and strategy, with no integration activities planned [2] - CEO Vetle J. Sverdrup will retain a 33.4% shareholding and continue in his role [3] Fleet and Capabilities - Buksér og Berging has a fleet of approximately 35 tugs, 25 pilot boats, three ambulance vessels, and one service vessel for salmon farming [4][9] - The company is headquartered in Oslo, Norway, with additional offices in Stavanger and Fedje [4] Strategic Goals - The investment will enhance both companies' capabilities in maritime operations, innovation, and safety standards in the towage and marine services sector [5] - Svitzer's CEO, Kasper Nilaus, emphasized the potential for innovation and growth through this partnership [6]
Microsoft, OpenAI Announce Deal to Extend Partnership
WSJ· 2025-09-11 21:41
Core Point - The agreement aims to eliminate a significant barrier for the startup, which is in the process of restructuring to transition into a for-profit entity [1] Group 1 - The startup is seeking to restructure its operations [1] - The transition to a for-profit model is a key objective for the startup [1]
Happy Belly Food Group Signs 3-YR Exclusive Contract with Coca-Cola Canada Bottling Company
Newsfile· 2025-08-11 10:00
Core Insights - Happy Belly Food Group Inc. has secured an exclusive supply agreement with Coca-Cola Canada Bottling Limited, designating Coca-Cola as its preferred beverage partner for all brands in its portfolio [1][2] - This partnership is expected to enhance operational efficiency, reduce food costs, and streamline inventory management across multiple locations [2][4] - The agreement marks the third national partnership for Happy Belly, following previous agreements with Sysco and TOAST, indicating ongoing growth and expanding scale for the company [3][4] Group 1 - The partnership with Coca-Cola allows Happy Belly to leverage Coca-Cola's buying power and national account benefits, ensuring consistent access to high-volume products at competitive prices [2][3] - Coca-Cola's reliable supply chain support is anticipated to minimize stock shortages and improve forecasting and planning capabilities for Happy Belly [2] - The company aims to become Canada's leading restaurant consolidator by emphasizing operational discipline and brand scalability [4] Group 2 - Happy Belly's previous partnership with Sysco, established on January 17, 2025, has enabled the company to leverage consolidated purchasing power and improve service quality across its franchise network [3] - The multi-year partnership with TOAST, secured on April 4, 2025, provides advanced Point-of-Sale, loyalty, and analytics solutions to support Happy Belly's diverse portfolio [3] - The company is focused on creating long-term shareholder value and building a high-performance platform of emerging restaurant brands [4]