Daily Archives: 17, May 2024

Uniper Expands Renewable Portfolio with Acquisition of 20.4 MW Photovoltaic Project in Poland

(IN BRIEF) Uniper has entered into a share purchase agreement with Photon Energy Group for the acquisition of a 20.4 MW photovoltaic project in northeastern Poland, expected to close by the end of 2024. The move aligns with Uniper’s strategy … Read the full press release

Fabricio Bloisi Appointed CEO of Prosus and Naspers Group, Successor to Ervin Tu

(IN BRIEF) Prosus N.V. and Naspers have announced the appointment of Fabricio Bloisi as the Chief Executive Officer (CEO) of the Group, effective from July 1, 2024. Fabricio, the former CEO of iFood, brings extensive experience in scaling technology companies … Read the full press release

PUMA and Borussia Dortmund Unveil Timeless 2024/25 Home Kit with Sustainability Focus

(IN BRIEF) PUMA and Borussia Dortmund have launched the 2024/25 Home kit, paying homage to the club’s rich heritage while incorporating modern design elements. The classic Black & Yellow kit features a sleek pinstripe flair, symbolizing Dortmund’s enduring legacy and … Read the full press release

LANXESS Launches Biosecurity Solutions App for Livestock Protection

(IN BRIEF) LANXESS, a specialty chemicals company, has introduced a new app designed for farmers and veterinarians to bolster biosecurity measures and safeguard livestock during disease outbreaks. The LANXESS Biosecurity Solutions app offers tailored functions including a product finder, push … Read the full press release

ANDRITZ Secures Major Order to Enhance Pulp Production for Indah Kiat Pulp & Paper TBK

(IN BRIEF) International technology group ANDRITZ has secured a significant order from Indah Kiat Pulp & Paper TBK to supply a complete old corrugated containers (OCC) line, including a reject treatment system, to the mill in Karawang, Jawa Barat, Indonesia. … Read the full press release

Volvo Group and Daimler Truck Forge Joint Venture for Software-Defined Commercial Vehicles

(IN BRIEF) Volvo Group and Daimler Truck have announced a preliminary agreement to establish a 50/50 joint venture aimed at leading the digital transformation to software-defined heavy-duty commercial vehicles. The joint venture, headquartered in Gothenburg, Sweden, will develop a common … Read the full press release

Saxo Surpasses DKK 800 Billion in Client Assets: A Testament to Global Growth and Trust

(IN BRIEF) Saxo celebrates a significant achievement, surpassing DKK 800 billion in client assets, marking a remarkable milestone in its 25-year journey. While rooted in Danish currency, this achievement is a testament to Saxo’s global expansion and the trust it … Read the full press release

Transforming Robotics: Prof. Majid Khadiv’s Quest for Autonomous Humanoid Robots

(IN BRIEF) In a pioneering effort to advance robotics, Professor Majid Khadiv, TUM’s Professor of AI Planning in Dynamic Environments, is spearheading the development of ‘Automan’, an autonomous humanoid robot capable of undertaking dangerous or repetitive tasks. With a vision … Read the full press release

ABN AMRO’s Neuflize OBC Enters Exclusive Talks with BNP Paribas Cardif for Strategic Insurance Partnership

(IN BRIEF) ABN AMRO’s French private bank branch, Neuflize OBC, has initiated exclusive negotiations with BNP Paribas Cardif to forge a strategic partnership in life insurance in France. This collaboration involves the sale of Neuflize Vie, a joint venture between … Read the full press release

ABB Expands Market Reach in China with Acquisition of Siemens’ Wiring Accessories Business

(IN BRIEF) ABB has announced its agreement to acquire Siemens’ Wiring Accessories business in China, a strategic move aimed at broadening its market reach and enhancing its regional customer offerings within smart buildings. The acquisition encompasses wiring accessories, smart home … Read the full press release

Accenture to Bolster Digital Transformation with OPENSTREAM HOLDINGS Acquisition

(IN BRIEF) Accenture (NYSE: ACN) has announced its acquisition of OPENSTREAM HOLDINGS and its subsidiaries, Open Stream and Neutral, marking a significant move to enhance its digital engineering and manufacturing capabilities. The acquisition, with undisclosed terms, is set to bring … Read the full press release

Philips Showcases AI-Powered Cardiac Care Solutions at Heart Rhythm Annual Meeting

(IN BRIEF) Royal Philips presents compelling retrospective study results at the Heart Rhythm Annual Meeting in Boston, showcasing the clinical and economic benefits of its AI-powered cardiac care solutions. The studies demonstrate the efficacy of Philips’ Mobile Cardiac Outpatient Telemetry … Read the full press release

BKW Secures CHF 1 Billion Credit Facility, Preemptively Refinances Existing Loans

(IN BRIEF) BKW, a Swiss energy company, has announced the agreement of a new unsecured, committed revolving credit facility amounting to CHF 1 billion, effectively refinancing its previous syndicated loans of CHF 2 billion ahead of schedule. The decision follows … Read the full press release

Skanska Secures Contract to Construct Virginia Tech’s State-of-the-Art College of Engineering

(IN BRIEF) Skanska has entered into an initial contract with Virginia Tech to embark on the construction of a cutting-edge College of Engineering in Virginia, USA, marking a significant milestone for the university’s infrastructure development. Valued at USD 53 million, … Read the full press release

Vodafone Italy Bridges the Digital Gap: Connecting Bobbio to Ultra-Broadband Network

(IN BRIEF) Vodafone Italy, in collaboration with INWIT, has undertaken a significant project to bring high-speed internet to the small Italian town of Bobbio, nestled in the Emilia-Romagna region. With a population of 3,500 residents, Bobbio has historically faced limited … Read the full press release

BASF’s Basotect® G+ Enhances Acoustic Comfort at BMW’s Leipzig Plant

(IN BRIEF) BASF’s specialty foam Basotect® G+ is making waves at BMW Group’s Leipzig site, where it’s being utilized for acoustic damping in a preparation area within the body paint shop. The installation of Basotect® panels on walls and ceilings … Read the full press release

Glencore Releases 2023 Sustainability Report Highlighting Commitment to ESG Principles

(IN BRIEF) Glencore plc unveiled its 2023 Sustainability Report, emphasizing its dedication to environmental, social, and governance (ESG) principles. The report outlines the company’s progress in various sustainability-related areas, including its approach, performance, and activities throughout the year. Case studies … Read the full press release

EIB and Deutsche Bank Team Up to Fuel Climate-Friendly Housing in Germany

(IN BRIEF) In a collaborative effort to promote climate-friendly housing initiatives in Germany, the European Investment Bank (EIB) and Deutsche Bank have forged an agreement. Valued at over €600 million, the program will provide discounted mortgages to individuals seeking to … Read the full press release

Rheinmetall Secures €7.7 Million Funding for Hydrogen and Electrification Innovations

(IN BRIEF) Technology group Rheinmetall has secured substantial subsidies totaling around €7.7 million from the German federal government and the state of North Rhine-Westphalia for the development of innovative hydrogen and electrification solutions. These projects, in collaboration with industry and … Read the full press release

Neumann Bygg Expands Presence with New Branch in Slemmestad, Norway

(IN BRIEF) Neumann Bygg, a subsidiary of the STARK Group in Norway, reinforces its market position with the inauguration of a new branch in Slemmestad, marking its third branch opening in as many months. This expansion underscores the company’s commitment … Read the full press release

EIB Group Marks International Day Against Homophobia, Transphobia, and Biphobia with Commitment to Inclusive Practices

(IN BRIEF) On the occasion of the International Day Against Homophobia, Transphobia, and Biphobia (IDAHOT), the European Investment Bank (EIB) Group underscores its dedication to fostering equality and justice for all individuals, particularly those from the LGBTIQ community. Embracing the … Read the full press release

Green Light for Henri Hotel, Restaurants and Shops in the “Alter Fischereihafen” (Old Fishing Port) in Cuxhaven, opening Summer 2026

(IN BRIEF) The project to revitalize Cuxhaven’s historic “Alter Fischereihafen” (Old Fishing Port) has moved forward with the approval of the first construction phase. This phase involves converting the former fish market and processing halls (Fischhallen V and VI) into … Read the full press release