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‘Sweden is heaven for cloud computing’: Amazon Nordic chief

The head of Nordic operations for Amazon Web Services (AWS) has spelled out exactly why the US cloud computing giant chose to locate three state-of-the-art data centers in Sweden.

'Sweden is heaven for cloud computing': Amazon Nordic chief
Darren Mowry of Amazon Web Services. Photo: AWS

In April, it emerged that AWS planned to open a new infrastructure region for its cloud computing services in the Stockholm region in 2018.

Sweden’s enterprise and innovation minister Mikael Damberg hailed the deal as “huge” for Sweden.

“They could do that wherever in the world, but chose to do it here,” he added.

Now the man responsible for expanding AWS’s cloud services operations in Sweden, American Darren Mowry, has disclosed the reasoning behind his company’s decision to invest in Sweden.

“Sweden truly does have it all,” Mowry writes in a blog post published on the Data Centers by Sweden website.

But there’s more to it than that.

Read his full explanation behind the AWS investment here.

 

This article was produced by The Local Client Studio and sponsored by Data Centers by Sweden.

ABB

Swedish engineering giant ABB to quit Russia over Ukraine

Swedish-Swiss engineering giant ABB said on Thursday it will quit Russia as a result of the war in Ukraine and the related international sanctions against Moscow.

Swedish engineering giant ABB to quit Russia over Ukraine

Russia accounts for only one or two percent of ABB’s overall annual turnover and the decision to pull out will have an estimated financial impact in the second quarter of around $57 million, the group calculated.

“ABB has decided to exit the Russian market due to the ongoing war in Ukraine and impact of related international sanctions,” the group said in a statement.

Russia accounts for only one or two percent of ABB’s overall annual sales and the decision to pull out will have an estimated financial impact in the second quarter of around $57 million, the group calculated.

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A large number of major western companies have pulled out of Russia since Moscow invaded its pro-Western neighbour on February 24.

“When the war broke out, ABB stopped taking new orders in Russia,” the group said.

At the same time, it said it continued to fulfill “a small number of existing contractual obligations with local customers, in compliance with applicable sanctions.”

Most of ABB’s dedicated Russian workforce has been on leave since March “and the company will do its best to support them as it realigns its operations in a controlled manner,” it said.

ABB has about 750 people in Russia and two production sites in the country located in the Moscow region and Lipetsk, as well as several service centres.

Separately, the group said that its net profit fell by 50 percent to $379 million in the second quarter, largely as a result of one-off charges, but also the cost of withdrawing from Russia.

Sales, on the other hand, grew by six percent to $7.2 billion in the period from April to June, ABB said.

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