Daily Archives: 28, February 2024

Driving the Future: Bosch and Microsoft Collaborate to Pioneer Generative AI for Advanced Automotive Safety

(IN BRIEF) Bosch, during the Bosch Connected World 2024 conference, announced plans to integrate generative AI into vehicle systems to enhance automated driving capabilities. This initiative aims to improve road safety by enabling vehicles to better assess dynamic road scenarios … Read the full press release

Danish Ministry of Defence Partners with BAE Systems for CV90 Fleet Maintenance

(IN BRIEF) BAE Systems has inked a 15-year framework agreement with the Danish Ministry of Defence to provide repair and maintenance services for the Danish Army’s CV90 fleet, valued at approximately $400 million. This agreement ensures sustained operational readiness for … Read the full press release

Poland’s Cargounit Invests in Siemens Locomotives for European Rail Modernization

(IN BRIEF) Cargounit, Poland’s leading locomotive leasing company, partners with Siemens Mobility to purchase 30 Vectron locomotives with an option for 60 more, along with 10 Smartron locomotives. The deal aims to enhance cross-border rail transport in Europe. Vectron locomotives, … Read the full press release

Breaking Boundaries: Siemens Launches Gridscale X Network Model Manager for North American ISOs and TSOs

(IN BRIEF) Siemens launches Gridscale X Network Model Manager, a revolutionary software for ISOs and TSOs in the US and Canada. This cutting-edge tool enables efficient grid management through a Digital Twin of the power grid, streamlining planning, development, and … Read the full press release

Sustainable Support: Repsol Powers Spanish Antarctic Campaign with 100% Renewable Energy

(IN BRIEF) Repsol, a leading energy company, is supplying 100% renewable fuels to power the Gabriel de Castilla Base during the Spanish Army’s 37th Antarctic Campaign. This initiative supports sustainability efforts in one of the most environmentally sensitive regions on … Read the full press release

New Era for Independent Workshops: ZF Aftermarket Unveils OE-Quality Commercial Vehicle Sensors

(IN BRIEF) ZF Aftermarket has introduced OE-quality sensors for commercial vehicles in the independent aftermarket under its WABCO brand. This marks the first time such high-quality sensors are available to independent workshops, enabling them to perform comprehensive repairs without compromising … Read the full press release

Driving Environmental Excellence: Metso Elevates Emission Reduction Efforts with Cutting-Edge Scrubber Pilot Plant

(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

Thales Secures Contract to Provide Advanced Flight Simulators for German Armed Forces Helicopter Training

(IN BRIEF) Thales has signed a significant contract with Airbus Helicopters to supply 8 Full Flight Simulators (FFS) Reality H® for training pilots of the H145M helicopters used by the German Armed Forces. These high-tech simulators offer advanced realism and … Read the full press release

Outokumpu Oyj repurchased 60,404 own shares as Part of EUR 50 Million Buyback Program

(IN BRIEF) Outokumpu has concluded its share repurchase program, acquiring a total of 60,404 of its own shares across various trading venues, amounting to EUR 249,067.53. This move follows the announcement of a share buyback program of up to 11 … Read the full press release

EQT Private Capital Asia Completes Block Trade, Exits Stake in India’s CMS Info Systems

(IN BRIEF) EQT Private Capital Asia has finalized the sale of its remaining 26.7 percent stake in CMS Info Systems Limited, India’s foremost cash management company, through a USD 187 million block trade. During EQT’s ownership, CMS strengthened its market … Read the full press release

Eckert & Ziegler’s GalliaPharm® Generator Powers Groundbreaking Cancer Diagnostic Trial in Japan

(IN BRIEF) Eckert & Ziegler, in collaboration with Novartis Pharma K.K., is expanding Ga-68 labeled diagnostics in Japan through a clinical trial approved by the Japanese Pharmaceuticals and Medical Devices Agency (PMDA). Utilizing Eckert & Ziegler’s GalliaPharm® generator, the trial … Read the full press release

EIB and Hypo Vorarlberg Partner to Finance Energy-Efficient Housing Projects

(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

Barclays’ Omar Faruqui Appointed Director General of UK Takeover Panel

(IN BRIEF) Omar Faruqui, Barclays’ Co-Head of M&A for Europe, Middle East, and Africa, has been appointed as the Director General of the UK Takeover Panel, commencing a two-year secondment from Barclays starting May 1, 2024. The UK Takeover Panel, … Read the full press release

Orange MEA Partners with Tencent Cloud to Enhance Max it Super-App Ecosystem

(IN BRIEF) Orange Middle East & Africa (OMEA) has forged a strategic alliance with Tencent Cloud, the cloud arm of global tech giant Tencent, to enhance its super-app Max it and expand its service offerings across the Middle East and … Read the full press release

Climate Change Report: Urgent Adaptation Measures Needed to Stem Rising Economic Losses, Swiss Re Institute Finds

(IN BRIEF) Swiss Re Institute’s latest analysis reveals that climate change is poised to escalate economic losses globally due to severe weather events. The report highlights the vulnerability of countries like the Philippines and the United States, which face significant … Read the full press release

Orange MEA Partners with MIGA to Expand Telecommunications Infrastructure in MEA

(IN BRIEF) Orange Middle East and Africa (OMEA) collaborates with the Multilateral Investment Guarantee Agency of the World Bank (MIGA) to ensure guarantees for its subsidiary, including mobile money, and to bolster the expansion of its telecommunications infrastructure across the … Read the full press release

Telefónica Partners with Fini Company for Extensive Digital Transformation

(IN BRIEF) At Mobile World Congress (MWC) 2024, Telefónica announced a strategic partnership with the Fini Company, Spain and Brazil’s leading candy manufacturer, aiming to revolutionize their operations through digitalization over the next three years. Dubbed ‘Fini360º Digitization,’ the project … Read the full press release

Telefónica and Ericsson Unveil the Technological Marvels Behind Lang Lang’s Unforgettable Concert Experience

(IN BRIEF) At Mobile World Congress (MWC) 2024, Telefónica and Ericsson divulged the technical intricacies behind the groundbreaking concert featuring Chinese pianist Lang Lang at the Gran Teatre del Liceu in Barcelona. Leveraging the power of 5G technology, the event … Read the full press release

Thales Adaptive Connect (TAC) Transforms IoT Connectivity with Eseye Partnership

(IN BRIEF) Eseye, a global IoT connectivity solutions provider, has partnered with Thales to enhance IoT devices’ connectivity. They are leveraging Thales’ expertise to implement Thales Adaptive Connect (TAC), a cloud-based solution based on eSIM technology. This solution eliminates the … Read the full press release

DHL and Formula 1 Extend Partnership to Drive Sustainability in Motorsports Logistics

(IN BRIEF) DHL and Formula 1 have announced a multi-year extension of their partnership, with DHL commemorating its 20th anniversary as the Official Logistics Partner of Formula 1. This collaboration, the longest-standing global partnership in the sport’s history, signifies a … Read the full press release