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Industry

Solum declares governance overhaul, shift to professional management

Solum and Align Partners Asset Management said on Sunday they reached a broad agreement to overhaul the board structure and raise shareholder value. They plan to seek bylaw changes at the 2026 shareholders meeting to make a majority of the board independent and staff key committees entirely with independent directors. The deal also addresses a dispute over redeemable convertible preferred shares and includes measures on audit expansion, incentives and management succession.

Industry

SOLUM steps up push into European retail market

SOLUM said it will take part in EuroShop 2026 in Duesseldorf, Germany, where it will unveil solutions based on its SOLUM Store Platform. The exhibition draws about 1,900 companies from 60 countries and around 80,000 visitors from 140 countries, with AI, digitalisation and sustainability as key themes. SOLUM plans to expand its position in Europe and promote sales of its recently launched NewtonCore+ alongside new ESL and signage products.

Industry

Solum enters New Zealand ESL market

Solum said on Feb. 12 it has signed a strategic partnership with Ricoh New Zealand to supply electronic shelf label (ESL) solutions to the New Zealand retail market. Under the collaboration, Solum will supply its premium Newton series ESL products to local retailers through Ricoh New Zealand’s distribution channels. Ricoh New Zealand will be responsible for local deployment, system integration and technical support. Solum said ESL enables real-time central price updates and system links for dynamic pricing.