Investment in Nordic Data Centres set to double by 2025
A new report, published by the Nordic Council of Ministers, projects sharp growth for the Nordic data centre market until 2025, based on competitive advantages such as abundant renewable energy, reliable power supply, low energy prices, political stability and faster time-to-market primarily due to ease of doing business.
Centro Epson Meteo's HPC operations moved to Iceland
Centro Epson Meteo - Espert Meteo has chosen Verne Global in Iceland as the location for all its HPC operations, following rigorous trials.
CCP, the creators of Eve Online sold to South-Korea for $425 million
Last month, Pearl Abyss, a South-Korean game developer announced its acquire of the Icelandic gaming company CCP...
Coripharma Acquires Actavis Manufacturing Site
This past summer, Coripharma acquired the pharmaceutical manufacturing facilities of Actavis located outside of Reykjavik. Actavis is a global pharmaceutical conglomerate belonging to the Teva group. The newly established company has been under development for the previous two years and will focus on contract manufacturing, specifically producing g...
ETIX Everywhere opens two HPC facilities in Iceland
Borealis Data Center becomes ETIX Everywhere Borealis and is currently opening two large scale HPC Data Centers in Iceland.
US company acquires a controlling stake in Kvikna Medical
Alliance Family of Companies has acquired a controlling stake in the Icelandic technology company, Kvikna Medical. Kvikna Medical designs and manufactures software for the uptake and processing of health data. More specifically, Kvikna Medical offers robust patient management systems; a review system for clinical EEG, including automatic artifact r...
Increased support for R&D
The Icelandic government announces increased support for R&D in its first Fiscal Strategy Plan 2019-2023. Tax concessions will be increased already 2019 and the ceiling on them will be removed later in the period.
New Tier III Data Center in Reykjavik
Reykjavik's first large scale, sustainable, free-cooling, Tier III data center will be built as a joint venture by three ICT companies and a real estate developer. The stage is scheduled to be complete early 2019 but the fully developed data center, intended to be one of Iceland's most technologically advanced, will be up to 5,000 square meters.
Norsk Hydro to acquire ISAL aluminium plant
Norsk Hydro ASA has announced a binding offer to acquire Rio Tinto’s Icelandic aluminium plant ISAL. Increasing the share of Norsk Hydro's production, based on renewable energy, to over 70% is one of the reasons for the acquisition.
Viad Corp invests in Flyover Iceland
Viad Corp (NYSE: VVI) has acquired a majority stake in the Icelandic entity Esja Attractions and thus secured an ideal location in Reykjavik to construct FlyOver Iceland, expected to open in 2019. "Reykjavik, Iceland is a perfect location for a FlyOver attraction as the region is enjoying robust tourism growth with visitation expected to reach 2.7 million by 2019,” says Steve Moster, Viad's president and CEO.