(IN BRIEF) AUTO1 Group SE, a leading European digital automotive platform, reported record-breaking results in Q2 2024. Key highlights include a 17% increase in units sold (166,292), a 36% rise in gross profit (€173.3 million), and the highest adjusted EBITDA … Read the full press release
Posted in Automotive, Business, Economy, Financial, Germany, Industrial, Investment, Management, News, Technology
Tagged AUTO1 Group, Christian Bertermann, Financial, investment, Markus Boser
(IN BRIEF) Delivery Hero SE has announced the merger of its food delivery businesses, foodora, Yemeksepeti, and foodpanda, to boost operational efficiency and business leverage across Europe and Asia. The new organization, led by Tareq Barto, aims to unlock synergies … Read the full press release
Posted in Business, Economy, Environment, Financial, Food & Beverage, Germany, Government, Industrial, Internet & Online, Investment, Management, Marketing, News, Technology
Tagged acquisition, Asian, Delivery Hero, European, foodora, foodpanda, operations, partnership, sustainability, Tareq Barto, Yemeksepeti
(IN BRIEF) KION Group reported a significant increase in profitability for the first half of 2024, with revenue rising by 2% to €5.736 billion and adjusted EBIT improving by 28% to €447 million. The company saw improvements in both its … Read the full press release
Posted in Business, Economy, Financial, Government, Industrial, Investment, Management, News, Transportation & Logistics
Tagged Financial, investment, KION Group, profitability, Rob Smith
(IN BRIEF) Encavis Asset Management AG and Commerzbank AG have secured project financing for the Bartow solar project, set to be Germany’s second-largest solar park with a capacity of 260 MW. Located in Mecklenburg-Western Pomerania, the project is part of … Read the full press release
(IN BRIEF) Elmos Semiconductor SE is celebrating its 40th anniversary this year, marking four decades of innovation and growth in the automotive mixed-signal semiconductor industry. Founded in 1984 in Dortmund by Prof. Dr. Günter Zimmer, Dr. Klaus Weyer, and Norbert … Read the full press release
(IN BRIEF) Vossloh is set to acquire Sateba Group, enhancing its rail infrastructure capabilities and expanding its European market presence. The €450 million deal, expected to close by spring 2025, will boost Vossloh’s annual sales and align with its sustainability … Read the full press release
(IN BRIEF) Schaeffler’s TriFinity™ wheel bearing has been nominated for the Automechanika Frankfurt 2024 Innovation Award in the “Parts and Innovative Technologies” category. This unique three-row ball bearing is designed for both electric and conventional vehicles, offering reduced friction, increased … Read the full press release
(IN BRIEF) The European Investment Bank (EIB) has initiated a €5 billion program to support the wind energy sector, starting with a €500 million counter-guarantee to Deutsche Bank. This will enable Deutsche Bank to issue up to €1 billion in … Read the full press release
Posted in Banks, Business, Construction, Economy, Energy, Gas & Oil, Environment, Financial, Germany, Government, Industrial, Infrastructure & Utilities, Investment, Luxembourg, Management, News
Tagged Alexander von zur Muehlen, Deutsche Bank, EIB, Germany, Maroš Šefčovič, Nicola Beer, partnership, sustainability, wind energy
(IN BRIEF) Kuehne+Nagel and Mercedes-Benz have successfully reduced CO2 emissions by approximately 11,000 tonnes over the past year through the use of Sustainable Aviation Fuel (SAF) for air freight transport. This strategic partnership involves using SAF on Kuehne+Nagel’s Boeing 747-8F … Read the full press release
Posted in Aviation & Aerospace, Business, Energy, Gas & Oil, Environment, Financial, Germany, Government, Industrial, Investment, Management, News, Transportation & Logistics
Tagged CO2 emissions, Heiko Schuhmacher, Jörg Burzer, Kuehne+Nagel, Mercedes-Benz, partnership, sustainability, sustainable aviation fuel
(IN BRIEF) Skanska has signed a PLN 272 million (approximately SEK 720 million) contract with PKP Polish Railway Lines S.A. to modernize the Limanowa train station in southern Poland. The project includes upgrading a 3.5-kilometer railroad stretch, rebuilding the station, … Read the full press release
(IN BRIEF) Experian has partnered with World and Paralympic Champion Kadeena Cox to promote the Experian Support Hub, a service designed to improve accessibility to essential services for individuals with support needs. Through a series of videos, Cox will highlight … Read the full press release
Posted in Business, Financial, Healthcare, Industrial, Investment, Ireland, Management, News, Sports, Technology
Tagged Accessibility Needs, Experian, Jose Luiz Rossi, Kadeena Cox, multiple sclerosis (MS), partnership, Support Hub
(IN BRIEF) Experian’s latest data reveals a 31% increase in beauty salons and a 16% rise in dental surgeries on UK high streets over the past five years, driven by the influence of reality TV shows like Love Island. A … Read the full press release
Posted in Apparel, Fashion & Beauty, Business, Economy, Environment, Financial, Industrial, Infrastructure & Utilities, Investment, Management, Marketing, Media, News, Technology, United Kingdom
Tagged Beauty Salons, Dental Surgeries, Dr. Ed Robinson, Experian, John Webb, Love Island, Malin Andersson, partnership, Reality TV Influence, UK
(IN BRIEF) FLSmidth has secured a DKK 340 million order to supply nine thickeners and six filters for a new lithium project in Nevada, USA. Scheduled for delivery in 2025/2026, the equipment will enhance lithium supply for electric vehicle batteries, … Read the full press release
Posted in Automotive, Business, Chemicals, Denmark, Environment, Financial, Government, Industrial, Investment, Management, Metals and Minerals, News, Technology
Tagged Chris Reinbold, EV Battery Production, FLSmidth, Lithium Project, Nevada, partnership, sustaianability, USA
(IN BRIEF) Stellantis Pro One has become the market leader in commercial vehicles across Europe 30, South America, and the Middle East & Africa in the first half of 2024. The company achieved notable growth with new product launches like … Read the full press release
Posted in Automotive, Awards, Business, Environment, Financial, Government, Industrial, Investment, Management, Marketing, Netherlands, News, Technology, Transportation & Logistics
Tagged Commercial Vehicle Markets, Innovative Product Lineup, leadership, Stellantis, Stellantis Pro One, Xavier Peugeot
(IN BRIEF) AkzoNobel’s Resicoat brand has developed a new powder coating technology for electric vehicle (EV) battery systems that enhances electrical protection with a single spray application. This innovation meets the growing demand for higher dielectric strength in the EV … Read the full press release
Posted in Automotive, Business, Chemicals, Environment, Financial, Industrial, Investment, Management, Netherlands, News, Security & Safety, Technology
Tagged AkzoNobel, efficiency, EV battery systems, Jeff Jirak, Resicoat, safety, Single-Spray Powder Coating
(IN BRIEF) SAP SE has announced that Executive Board Members Scott Russell and Julia White will be stepping down, effective August 31, following a mutual agreement with the SAP Supervisory Board. Scott Russell, Chief Revenue Officer, has significantly contributed to … Read the full press release
Posted in Artificial Intelligence (AI), Business, Germany, Industrial, Management, News, Technology
Tagged AI, appointment, Christian Klein, Julia White, leadership, Pekka Ala-Pietilä, SAP SE, Scott Russell, Suite Integration
(IN BRIEF) The European Investment Bank (EIB) is providing €20 million in venture debt financing to German medical technology company Protembis for the development of their “ProtEmbo” cerebral embolic protection system. This device aims to reduce the risk of brain … Read the full press release
Posted in Banks, Business, Economy, Environment, Financial, Germany, Government, Healthcare, Industrial, Investment, Luxembourg, Management, News, Science, Technology
Tagged Brain Protection Technology, Conrad Rasmus, EIB, Germany, Heart Treatments, Karl von Mangoldt, Nicola Beer, partnership, Protembis, sustaianability
(IN BRIEF) The European Investment Bank (EIB), Natixis Corporate & Investment Banking (Natixis CIB), and the Sunprime Group have signed a project finance operation worth €204 million to support the construction of over 100 photovoltaic plants across Italy, with a … Read the full press release
Posted in Banks, Business, Economy, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Italy, Luxembourg, Management, News
Tagged Antonio Mazzitelli, EIB, Gelsomina Vigliotti, Italy, Natixis, partnership, photovoltaic project, Stefano Mazza, Sunprime, sustaianability
(IN BRIEF) The European Investment Bank (EIB) is providing €1 billion in loans to support the purchase of up to 90 advanced suburban trains for the Rhineland region in Germany, encompassing Cologne and Düsseldorf. These modern Alstom trains, set to … Read the full press release
Posted in Banks, Business, Economy, Environment, Financial, Germany, Government, Industrial, Infrastructure & Utilities, Investment, Luxembourg, Management, News, Technology, Transportation & Logistics
Tagged EIB, Germany, go.Rheinland, Michael Vogel, Nicola Beer, Oliver Wittke, partnership, Rhineland Public Transport, sustainability, trains, Verkehrsverbund Rhein-Ruhr (VRR)
(IN BRIEF) Roland Berger’s net-zero emissions reduction target has been approved by the Science Based Targets initiative (SBTi). The consultancy aims to achieve net-zero greenhouse gas emissions across its value chain by 2040, aligning with the Paris Climate Agreement. The … Read the full press release
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