(IN BRIEF) Outokumpu, in line with its company strategy announced in November 2023, has concluded negotiations with employee representatives regarding restructuring measures in Germany. The plan involves shutting down operations at the Dahlerbrück and Hockenheim sites and centralizing advanced materials … Read the full press release
Posted in Business, Financial, Finland, Germany, Government, Industrial, Investment, Management, Metals and Minerals, News
Tagged Germany, Outokumpu, partnership, Restructuring Negotiations, Thomas Anstots
(IN BRIEF) KSB, a leading manufacturer of pumps and valves, has announced plans to expand the production of Eta pumps at its headquarters in Frankenthal, Germany, making it the center of excellence for the latest generation of electronically controlled pumps … Read the full press release
Posted in Business, Environment, Financial, Germany, Government, Industrial, Infrastructure & Utilities, Investment, Management, News
Tagged Dr. Stephan Timmermann, Eta Pumps, Germany, KSB, partnership, sustainability
(IN BRIEF) Vattenfall and BASF have finalized an agreement for the sale of 49 percent of Vattenfall’s Nordlicht 1 and 2 wind farms to BASF, deepening their collaboration in renewable energy. Nordlicht, Vattenfall’s largest offshore wind project to date, is … Read the full press release
Posted in Business, Chemicals, Energy, Gas & Oil, Environment, Financial, Germany, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Sweden
Tagged acquisition, Anna Borg, BASF, Germany, Martin Brudermüller, Nordlicht Wind Farm, partnership, renewable energy, sustainability, Vattenfall
(IN BRIEF) ROHM and STMicroelectronics have announced the expansion of their multi-year agreement for the supply of silicon carbide (SiC) substrate wafers. This deal, valued at a minimum of $230 million, will see larger volumes of SiC substrate wafers being … Read the full press release
Posted in Artificial Intelligence (AI), Business, Electronics & Machinery, Energy, Gas & Oil, Environment, Financial, Germany, Government, Industrial, Investment, Management, News, Switzerland, Technology
Tagged Dr. Robert Eckstein, Geoff West, Germany, partnership, Röhm, Semiconductor Capacity, SiC Substrate Supply, SiCrystal, STMicroelectronics, sustainability
(IN BRIEF) The European Investment Bank (EIB) is providing a €400 million loan to Thüringer Energie AG (TEAG), a municipal energy supplier in Thuringia, Germany, to upgrade and digitize the electricity grid. This investment, totaling around €600 million, aims to … Read the full press release
Posted in Banks, Business, Economy, Energy, Gas & Oil, Environment, Financial, Germany, Government, Industrial, Infrastructure & Utilities, Investment, Luxembourg, Management, News
Tagged EIB, Germany, Green Energy, Grid Expansion, Nicola Beer, partnership, Stefan Reindl, sustainability, Thüringer Energie AG, Thuringia
(IN BRIEF) The European Investment Bank (EIB) Board of Directors approved €4.3 billion in financing for projects spanning Austria, Czech Republic, France, Germany, Hungary, Italy, Lithuania, and Slovakia. The funding will support sustainable transport, renewable energy, water and waste treatment, … Read the full press release
Posted in Austria, Banks, Business, Czech Republic, Economy, Environment, Financial, France, Germany, Government, Hungary, Industrial, Investment, Italy, Lithuania, Luxembourg, Management, News, Slovakia
Tagged Austria, Czech Republic, EIB, Europe, France, Germany, Hungary, investment, Italy, Lithuania, Nadia Calviño, partnership, Slovakia, sustainability, sustainable development
(IN BRIEF) The German government has enlisted Rheinmetall to supply an additional 20 Marder infantry fighting vehicles (IFVs) to Ukraine, following a mid double-digit million Euro range contract placed in March 2024. Equipped with integrated laser range finders for enhanced … Read the full press release
Posted in Business, Defence, Financial, Germany, Government, Industrial, Investment, Management, News, Security & Safety, Technology, Ukraine
Tagged Germany, Marder Infantry Fighting Vehicles, partnership, Rheinmetall, UKRAINE
(IN BRIEF) Digital Rail Germany announces a strategic initiative to enhance circuit board production at their Industrial Competence Center in Arnstadt/Thuringia, aiming to accelerate progress towards green rail infrastructure in Europe. Recognizing the critical role of circuit boards in digital … Read the full press release
(IN BRIEF) MYTILINEOS Energy & Metals, in partnership with Siemens Energy, has embarked on the construction of a 560 MW Combined Cycle Gas Turbine (CCGT) power unit at the Adamów Power Plant in Poland. The Engineering, Procurement, and Construction (EPC) … Read the full press release
Posted in Business, Construction, Energy, Gas & Oil, Environment, Financial, Germany, Government, Greece, Industrial, Infrastructure & Utilities, Investment, Management, News, Technology
Tagged Combined Cycle Gas Turbine (CCGT) Power Unit, construction, Germany, MYTILINEOS, partnership, Poland, Siemens Energy, sustainability
(IN BRIEF) CompuGroup Medical SE & Co. KGaA (CGM), a leading e-health provider, has announced the appointment of two renowned digitization experts in the German healthcare system. Max Müller has assumed leadership of the CLICKDOC & m.Doc business area, while … Read the full press release
Posted in Business, Germany, Healthcare, Industrial, Management, News, Technology
Tagged appointment, CompuGroup Medical, Digitization Experts, Dr. Ulrich Thomé, Germany, healthcare sector, Jan Wemmel, leadership, Max Müller
(IN BRIEF) The Council of Europe Development Bank (CEB) has approved 11 new loans totaling €1.3 billion across various countries and sectors. These loans aim to address critical social issues such as microfinance, healthcare, education, and post-disaster reconstruction. Among the … Read the full press release
Posted in Banks, Bosnia and Herzegovina, Business, European Union, Financial, Finland, France, Germany, Iceland, Industrial, Investment, Management, News, Poland, Serbia, Slovakia, Small Business, Society, Spain, Turkey, Ukraine
Tagged Bosnia and Herzegovina, Carlo Monticelli, CEB, Europe, Finland, France, Germany, Iceland, investments, partnership, Poland, SERBIA, Slovakia, Social Sector, Spain, Turkey, UKRAINE
(IN BRIEF) The latest GfK Consumer Climate Report reveals a gradual improvement in consumer sentiment in Germany, with slight increases in economic expectations and income optimism. However, the willingness to buy remains low despite rising income, reflecting persistent consumer uncertainty … Read the full press release
Posted in Business, Commodities, Economy, Financial, Germany, Government, Industrial, Investment, Management, Marketing, News, Retail
Tagged Consumer Climate Report, economy, Financial, Germany, GfK, investment, Nuremberg Institute for Market Decisions (NIM), Rolf Bürkl
(IN BRIEF) The German defense procurement office has chosen Saab’s Arexis sensor suite to equip the Eurofighter EK, an electronic warfare variant of the German Air Force’s Eurofighter aircraft. The contract, initiated in June 2023, marks the beginning of Saab’s … Read the full press release
Posted in Artificial Intelligence (AI), Aviation & Aerospace, Business, Defence, Financial, France, Germany, Government, Industrial, Investment, Management, News, Security & Safety, Sweden, Technology
Tagged Air Force, Airbus, Arexis Electronic Warfare (EW), Eurofighter EK, Eurofighter EW, France, Germany, Helsing, Micael Johansson, partnership, Saab, Sensor Suite
(IN BRIEF) EQT Life Sciences proudly announces Novo Nordisk’s acquisition of Cardior Pharmaceuticals, valuing the biopharmaceutical company at up to EUR 1.025 billion. Based in Hannover, Germany, Cardior specializes in RNA-based therapeutics for cardiovascular diseases, focusing initially on heart failure. … Read the full press release
Posted in Business, Denmark, Environment, Financial, Germany, Government, Healthcare, Industrial, Investment, Management, Netherlands, News, Pharma & Biotech, Science, Technology
Tagged acquisition, Cardior Pharmaceuticals, Christoph Broja, Claudia Ulbrich, Denmark, EQT, EQT Life Sciences, Germany, Heart Diseases, Novo Nordisk, partnership, Professor Thomas Thum, RNA Therapies, sustainability
(IN BRIEF) Vodafone’s One for One initiative, launched in June 2022 in Germany, has made significant strides in mobile phone recycling by promising to recycle an old phone for every new one purchased. Teaming up with Closing the Loop, the … Read the full press release
(IN BRIEF) The German Bundeswehr has awarded Rheinmetall a contract worth €2.7 billion for the supply of up to 123 “Schwerer Waffenträger Infanterie” vehicles. These vehicles, intended to replace the Wiesel tracked vehicle, will be equipped with advanced weaponry and … Read the full press release
Posted in Business, Defence, Financial, Germany, Government, Industrial, Investment, Management, News, Security & Safety, Technology, Transportation & Logistics
Tagged Anthony Albanese, Armin Papperger, Australia, German Bundeswehr, Germany, Heavy Weapon Carrier, John Abunassar, Nathan Poyner, Olaf Scholz, partnership, Pat Conroy MP, Rheinmetall, Thomas Hitschler
(IN BRIEF) ANDRITZ, an international technology group, has been commissioned by Salzgitter Flachstahl in Germany to supply a new pickling section for its existing push pickling line handling heavy-duty steel grades. Originally supplied by ANDRITZ in 1992, the line’s successful … Read the full press release
Posted in Austria, Business, Environment, Financial, Germany, Government, Industrial, Infrastructure & Utilities, Investment, Management, Metals and Minerals, News, Technology
Tagged Andritz, Germany, partnership, Pickling Section Upgrade, Salzgitter Flachstahl, Salzgitter Steel Plant, sustainability
(IN BRIEF) International technology conglomerate ANDRITZ and NETZSCH-Feinmahltechnik GmbH, a renowned leader in grinding and classifying technologies, have joined forces in a strategic partnership to cater to the burgeoning alternative protein market. This collaboration aims to leverage NETZSCH’s expertise in … Read the full press release
Posted in Austria, Business, Environment, Financial, Food & Beverage, Germany, Government, Industrial, Investment, News, Technology
Tagged Andritz, Christian Kling, Germany, Matthias Kapp, NETZSCH, partnership, Protein Market, sustainability
(IN BRIEF) Prepare for the latest advancements in the prevention and treatment of heart rhythm disorders at EHRA 2024, the annual congress of the European Heart Rhythm Association (EHRA), part of the European Society of Cardiology (ESC). Set to take … Read the full press release
Posted in Artificial Intelligence (AI), Business, Education, Financial, France, Germany, Healthcare, Industrial, Investment, Management, Media, News, Science, Technology
Tagged Arrhythmia Management, Berlin, EHRA 2024, ESC, Germany, innovations, Professor Jose Luis Merino, Professor Sarkozy, Professor Serge Boveda, sustainability
(IN BRIEF) The Mercedes-Benz Trucks Classic Collection proudly introduces the restoration of the 1899 Daimler Cardan-Truck, a remarkable piece of automotive history. Originally utilized by the Stuttgart Municipal Water Works until 1923, this pioneering vehicle has undergone meticulous restoration after … Read the full press release
(IN BRIEF) AFRY has been appointed as the technical advisor by 50Hertz, the transmission system operator, for the critical SuedOstLink project, a key grid expansion endeavor to accelerate Germany’s energy transition. The project involves planning a 540-kilometer underground cable, set … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Financial, Germany, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Switzerland, Technology
Tagged 50Hertz, AFRY, Bavaria, Cable Planning, clean energy transition, Germany, Niels Hornig, partnership, SuedOstLink, sustainability, Thorben Müller
(IN BRIEF) EQT Private Equity has announced the sale of its 20% stake in Ottobock, the leading provider of wearable human bionics solutions, to Professor Hans Georg Näder and the Näder Family. Since EQT’s investment in 2017, Ottobock has experienced … Read the full press release
(IN BRIEF) Evonik, Germany’s second-largest chemical company, has secured a €500 million framework loan from the European Investment Bank (EIB) to accelerate its sustainable transformation. The financing will support Evonik’s Next Generation Solutions portfolio, which focuses on energy-efficient, bio-based, and … Read the full press release
Posted in Banks, Business, Chemicals, Economy, Financial, Germany, Government, Industrial, Investment, Luxembourg, Management, News
Tagged EIB, Evonik, Germany, Maike Schuh, Nicola Beer, partnership, sustainability, sustainable transformation
(IN BRIEF) Leadec, an industrial services provider, is implementing a digital waste management solution at automotive plants in southern and northern Germany. This system enhances waste tracking and material flow optimization, promoting increased recycling rates and reduced disposal costs. Through … Read the full press release
Posted in Automotive, Business, Environment, Germany, Industrial, Management, Security & Safety, Technology
Tagged Alexander Bonk, Automotive Manufacturer, Digital Solution, Digital Waste Tracking, Germany, IoT-optimized waste management, Leadec, Leadec IoT platform, recycling, tracking of waste, waste management, waste management system
(IN BRIEF) The European Investment Bank (EIB) collaborates with NRW.BANK to allocate a €200 million framework loan aimed at facilitating the expansion and enhancement of refugee housing facilities in North Rhine-Westphalia, the most populous German state. This initiative involves constructing, … Read the full press release
(IN BRIEF) Fresenius Medical Care, a leading provider of products and services for renal diseases, celebrates International Women’s Day by honoring three exceptional employees for their outstanding achievements. Ana Catalina Alvarez Elias, a Research Scientist, has been recognized as an … Read the full press release
Posted in Awards, Germany, Healthcare, Society
Tagged 2024 Women MAKE Awards, Ana Catalina Alvarez Elias, Awards, Fresenius Kidney Care, Fresenius Medica Care, Germany, Greensboro, Inclusion, International Society of Nephrology, International Women’s Day, June Thompson, kidney health initiatives, National Kidney Foundation, Patricia Rapps, Product Family hemodialysis, Renal Dietician Award, renal diseases, Schweinfurt, Schweinfurter Tagblatt, USA, young women
(IN BRIEF) E.ON has received a funding commitment of €2.3 million from the state of North Rhine-Westphalia (NRW) in Germany for the construction of a hydrogen filling station in Essen’s city harbor. This milestone project aims to strengthen hydrogen mobility … Read the full press release
(IN BRIEF) Atlas Copco Group has acquired Druckluft-Technik-Nord GmbH, a compressor distributor based in Bad Oldesloe in the Hamburg area of Germany. With 18 employees, Druckluft-Technik-Nord GmbH specializes in sales and service of compressed air technology. The acquisition aims to … Read the full press release
(IN BRIEF) Metso has installed a state-of-the-art multi-purpose scrubber pilot plant at its R&D center in Frankfurt, Germany. This facility will focus on developing and optimizing gas cleaning processes, particularly simultaneous scrubbing of SO2 and NOx at low temperatures. Equipped … Read the full press release
(IN BRIEF) The European Investment Bank (EIB) and Hypo Vorarlberg have inked agreements to fund the construction of highly energy-efficient residential buildings. The deal comprises a synthetic securitisation transaction and a funding transaction, totaling €61 million. This initiative aims to … Read the full press release
Posted in Austria, Banks, Business, Construction, Environment, Financial, Germany, Government, Industrial, Infrastructure & Utilities, Investment, Luxembourg, Management, News
Tagged Austria, EIB, Germany, Housing Projects, Hypo Vorarlberg, Marjut Falkstedt, Michel Haller, partnership, sustainability, Thomas Östros
(IN BRIEF) The Martin-Behaim-Gymnasium grammar school in Nuremberg is set to transition into a new, eco-friendly building thanks to an €81 million loan from the European Investment Bank (EIB). This state-of-the-art facility, constructed with wood and equipped with solar panels, … Read the full press release
Posted in Banks, Business, Construction, Education, Environment, Financial, Germany, Government, Industrial, Infrastructure & Utilities, Investment, Luxembourg, Management, News
Tagged EIB, Germany, green transition, Helaba Landesbank Hessen-Thüringen, Nicola Beer, Nuremberg School, partnership, Sabine Möller, Sparkasse Nürnberg, state of Bavaria, sustainability, WBG Kommunal GmbH
(IN BRIEF) Ericsson and O2 Telefónica are set to deploy Cloud RAN technology in Offenbach, Germany, in the first half of 2024, marking the introduction of Ericsson Cloud RAN in Europe. This joint initiative aims to leverage virtualization and cloud … Read the full press release
Posted in Business, Environment, Financial, Germany, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Sweden, Technology, Telecom
Tagged 5G standalone, Cloud RAN, Daniel Leimbach, Ericsson, Europe, Germany, Mallik Rao, O2 Telefónica, partnership, sustainability
(IN BRIEF) Deutsche Telekom secures its position as the most valuable German brand, according to the BrandZ study “Top50 Most Valuable German Brands” by Kantar. With a brand value of $73.5 billion, marking an 18% contribution to the total ranking … Read the full press release
Posted in Awards, Business, Germany, Industrial, Infrastructure & Utilities, Management, News, Technology, Telecom
Tagged Awards, Deutsche Telekom, Germany, Kantar, Most Valuable Brand, René Bresgen, Ulrich Klenke
(IN BRIEF) RWE Supply & Trading has finalized Power Purchase Agreements (PPAs) with seven prominent German industrial customers, securing the supply of approximately 1,000 gigawatt hours per year of green electricity from its Kaskasi offshore wind farm starting in 2026. … Read the full press release
(IN BRIEF) Thales, a global leader in military communication satellites, announces the provision of SurfSAT-L satellite communication terminals for the German Navy’s F126 frigates. These state-of-the-art systems ensure high-performance, secure long-range connectivity crucial for naval operations, particularly in challenging maritime … Read the full press release
(IN BRIEF) Rheinmetall AG is undertaking a significant strategic initiative to enhance Germany’s national security preparedness by constructing a new ammunition factory, “Werk Niedersachsen,” at its Unterlüß site in Lower Saxony. This factory, with an investment volume of around €300 … Read the full press release
Posted in Business, Defence, Financial, Germany, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Security & Safety, Technology
Tagged Ammunition Factory, Armin Papperger, Boris Pistorius, Chancellor Olaf Scholz, Defence, Denmark, Germany, Mette Frederiksen, partnership, Rheinmetall, Unterlüß, “Werk Niedersachsen”
(IN BRIEF) Vodafone’s innovative drone project in collaboration with partners like Wingcopter and Frankfurt University of Applied Sciences has expanded to include medicine delivery in addition to groceries to residents of remote villages around Michelstadt, Germany. Through the ‘LieferMichel’ platform, … Read the full press release
Posted in Business, Environment, Financial, Germany, Government, Industrial, Infrastructure & Utilities, Internet & Online, Investment, Management, News, Retail, Science, Technology, Telecom, Transportation & Logistics, United Kingdom
Tagged 'DroLEx' (Drone Cargo Bike Express Delivery), 'LieferMichel' platform, Drone Project, Frankfurt University of Applied Sciences, Germany, medicine, Michelstadt, partnership, Remote Villages, shopping, sustainability, vodafone, Wingcopter
(IN BRIEF) DHL Freight, in collaboration with Post & Parcel Germany, has initiated a one-year pilot project deploying hydrogen-powered trucks manufactured by Paul Nutzfahrzeuge GmbH at its Cologne location. These trucks, based on the Mercedes-Benz Atego, mark DHL’s commitment to … Read the full press release
Posted in Automotive, Business, Energy, Gas & Oil, Environment, Financial, Germany, Industrial, Investment, Management, News, Technology, Transportation & Logistics
Tagged DHL, Dr. Thomas Vogel, freight transport, Germany, Hydrogen-Powered Trucks, partnership, Paul Hydrogen Power-Truck, Paul Nutzfahrzeuge GmbH, Post & Parcel Germany, sustainability
(IN BRIEF) Vodafone and Autobahn GmbH have unveiled plans to expand 5G coverage across all German motorways by 2028. The initiative involves erecting additional cellular masts to eliminate coverage gaps, densify the network, and reduce dropped calls. This extensive 5G … Read the full press release
Posted in Business, Construction, Environment, Financial, Germany, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Technology, Telecom, Transportation & Logistics, United Kingdom
Tagged 5G, Autobahn GmbH, German Motorways, Germany, Michael Jungwirth, partnership, sustainability, vodafone
(IN BRIEF) International technology group ANDRITZ is set to showcase its extensive array of solutions for dewatering, drying, and automation in the food industry at Anuga FoodTec 2024 in Cologne, Germany. One of the highlights includes their groundbreaking Turbex extraction … Read the full press release
Posted in Austria, Business, Environment, Financial, Food & Beverage, Germany, Government, Industrial, Investment, Management, Media, News, Technology
Tagged Andritz, Anuga FoodTec 2024, automation, Cologne, dewatering, drying, extraction system, food industry, Germany, Innovation Center
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