Monthly Archives: August 2024

JOST Unveils Innovative Products for Commercial Vehicles at Lastbil 2024

(IN BRIEF) JOST will present its latest innovations at Lastbil 2024, including the KKS automatic coupling system, King Pin Finder, and intelligent axle systems. These products address critical industry issues like driver shortages and sustainability, showcasing JOST’s commitment to enhancing … Read the full press release

JERA Nex and JERA Americas Enter US Solar Market with Major Acquisitions

(IN BRIEF) JERA Nex and JERA Americas have entered the US solar market by acquiring two solar projects, totaling 395MW AC, from Lightsource bp. The projects, located in Arkansas and Louisiana, are now operational and will provide renewable energy under … Read the full press release

Logicor to Redevelop Vacant Neuss Site into New Business Park

(IN BRIEF) Logicor has obtained a building permit to redevelop a former department store site in Neuss, Germany, into a modern business park. The 25,740 sqm site will feature 12 adaptable units to attract various businesses, enhancing the area’s economic … Read the full press release

Indra Advances Space Strategy with Creation of Space NewCo and Acquisition of Deimos

(IN BRIEF) Indra has approved the creation of Space NewCo and signed a contract to acquire Deimos from Elecnor, strengthening its capabilities in the space industry. Space NewCo will integrate Indra’s stake in Startical, enhancing its position in air traffic … Read the full press release

ABL France Expands Operations with New Paris Office to Support Renewable Energy Growth

(IN BRIEF) ABL France has relocated to a new office in Paris at 21 Rue de la Fontaine au Roi. The move reflects the company’s growth and its commitment to the renewable energy, oil & gas, and maritime sectors. ABL … Read the full press release

EQT Acquires Majority Stake in Acronis, Strengthening Partnership for Future Growth

(IN BRIEF) EQT’s EQT X fund will acquire a majority stake in Acronis, a global cyber protection company. Existing investors, including CVC, Springcoast, and BlackRock Private Equity Partners, will retain minority stakes. This partnership aims to support Acronis’ growth and … Read the full press release

Morrisons Daily Expands ‘Surprise Bags’ Initiative with Too Good To Go to Over 930 Stores Nationwide

(IN BRIEF) Morrisons has expanded its partnership with Too Good To Go, now offering ‘Surprise Bags’ at over 930 Morrisons Daily convenience stores across the UK. This initiative helps reduce food waste and provides customers with discounted quality food nearing … Read the full press release

Ørsted Deploys Heavy-Lift Drones for Borssele Offshore Wind Farm Operations

(IN BRIEF) Ørsted has deployed heavy-lift cargo drones at the Borssele 1&2 Offshore Wind Farm, marking a significant advancement in operational efficiency and safety. These drones, capable of carrying up to 100 kg, significantly reduce the time required for cargo … Read the full press release

Stadler Showcases Future of Rail Transport at InnoTrans 2024

(IN BRIEF) At InnoTrans 2024, Stadler will unveil a range of innovative rail solutions, including the zero-emission RS ZERO, the CITYLINK tram-train, and the bi-mode Class 99 locomotive. Highlights also include new underground trains for Berlin and battery-powered FLIRT Akku … Read the full press release

Voith and HADAG Celebrate Milestone in Hybrid Ferry Electrification

(IN BRIEF) Voith and HADAG Seetouristik und Fährdienst AG have commissioned the first of three type 2030 hybrid ferries for the Port of Hamburg. The ferry, featuring advanced electric Voith Schneider Propellers (eVSPs) and an optimized hull design, promises reduced … Read the full press release

Strøm Gundersen Vestfold Secures Contract for Larvik Health Park Construction

(IN BRIEF) JVH Eiendom has awarded Strøm Gundersen Vestfold, a subsidiary of AF Gruppen, a NOK 125 million contract (excluding VAT) to design and construct the Larvik Health Park. The project includes a four-story health center with a parking basement, … Read the full press release

Vanessa Hellwing to Succeed Norbert Nettesheim as CFO of ANDRITZ AG in 2025

(IN BRIEF) Vanessa Hellwing has been appointed to the Executive Board of ANDRITZ AG starting January 1, 2025, and will assume the role of Chief Financial Officer (CFO) on March 28, 2025. She will succeed Norbert Nettesheim, who is retiring … Read the full press release

€50 Million EIB Loan to Boost Solar Energy Capacity in Spain with Five New Plants

(IN BRIEF) The European Investment Bank (EIB) and Matrix Renewables have secured a €50 million green loan to develop five new solar photovoltaic plants in Castilla y Leon and Extremadura, Spain, with a total capacity of 240 MW. This project, … Read the full press release

S&P Global and Accenture Partner to Advance Generative AI in Financial Services

(IN BRIEF) S&P Global and Accenture have partnered to advance generative AI in the financial services industry. This includes launching a comprehensive AI learning program for S&P Global’s workforce and enhancing AI development and benchmarking solutions. The collaboration aims to … Read the full press release

Digi Communications N.V. announces Investors Call for the presentation of the H1 2024 Financial Results

(IN BRIEF)Digi Communications N.V. will host a conference call on 14 August 2024 at 14:00 UK time / 16:00 EEST (Romania time) to discuss its unaudited H1 2024 financial results. The results will be published the same day at 08:00 … Read the full press release

Safran Electronics & Defense Expands U.S. Manufacturing for Small Satellite Propulsion Systems

(IN BRIEF) Safran Electronics & Defense is expanding its U.S. manufacturing capabilities for small satellite propulsion systems to meet growing market demand. The new Colorado facility will produce the EPS®X00 system, with first deliveries in Q1 2026, supporting both American … Read the full press release

VINCI Highways Launches Peru’s First Self-Service Automated Toll Booths

(IN BRIEF) VINCI Highways, through Lima Expresa, has launched Peru’s first self-service automated toll booths for digital payments. Following a successful pilot program, 14 additional booths will be deployed, reducing payment times and improving traffic flow at Lima’s toll plazas. … Read the full press release

VARD Signs Contract for Advanced Energy Construction Vessel for Wind Energy Construction AS

(IN BRIEF) VARD, a subsidiary of the Fincantieri Group, has signed a contract to design and build an advanced Energy Construction Vessel (ECV) for Wind Energy Construction AS, with delivery slated for Q2 2027. The vessel, built at Vard Vung … Read the full press release

NORMA Group Secures Contract for Energy Storage Facility in Germany

(IN BRIEF) NORMA Group has secured a contract to supply V-band clamps for a German energy storage facility, supporting the cooling system of large stationary batteries. The contract, valued at EUR 2.4 million, spans from 2024 to 2028, providing between … Read the full press release

Continental Executive Board Evaluates Spin-Off of Automotive Group

(IN BRIEF) Continental is evaluating a spin-off of its Automotive group sector to create two independent companies, aiming to unlock greater value and growth potential. A decision is expected in late 2024, with the spin-off planned for completion by the … Read the full press release

Perspectief 2024/2025: Call for Proposals to Foster Technological Innovations

(IN BRIEF) The Perspectief financing instrument invites researchers, companies, and civil-society organizations to submit proposals for collaborative research projects focused on technological innovations. Key changes include reduced co-financing requirements and updated key technologies. Deadlines are in October 2024, November 2024, … Read the full press release

New Study Reveals Extensive Plant Life in Antarctica, Revolutionizing Conservation Efforts

(IN BRIEF) A groundbreaking study led by an international team, including SAMS, has mapped plant life across Antarctica, revealing nearly 45 square kilometers of vegetation. This discovery, published in Nature Geoscience, will inform conservation efforts and challenge perceptions of Antarctica … Read the full press release

Evonik’s MACBETH Project: A New Era in Chemical Industry Innovation

(IN BRIEF) Evonik’s MACBETH project marks a revolutionary advancement in the chemical industry. The team, led by Robert Franke, installed a demonstration plant at the Marl Chemical Park, showcasing innovative research cast in steel and iron. This project highlights significant … Read the full press release

Sainsbury’s Enhances Shopping Experience with NCR Voyix Technology Partnership

(IN BRIEF) Sainsbury’s has partnered with NCR Voyix in a seven-year agreement to enhance its shopping experience and support its business strategy. The partnership involves upgrading 22,500 checkouts with advanced NCR Voyix technology, including AI-powered self-checkout systems and real-time analytics. … Read the full press release

Johnson Controls Finalist in Empire Technology Prize for Innovative Low Carbon Heat Pump Solution

(IN BRIEF) Johnson Controls has been named a finalist in the Empire Technology Prize for its innovative heat pump solution, designed to advance low carbon heating in tall buildings. The system uses ultra-low GWP refrigerant and is expected to save … Read the full press release

Tubulis Recognized as One of 2024’s “Fierce 15” Biotechnology Companies by Fierce Biotech

(IN BRIEF) Tubulis has been named one of 2024’s “Fierce 15” biotechnology companies by Fierce Biotech. This recognition celebrates Tubulis’ innovative work in ADC development and its commitment to improving cancer treatment outcomes. With significant recent advancements, including a €128 … Read the full press release

Elmos Semiconductor SE Welcomes New Apprentices and Dual Students to Shape High-Tech Future

(IN BRIEF) Elmos Semiconductor SE has welcomed 10 new apprentices and four dual students at its Dortmund location, bringing the total to 43. The company offers a range of technical and commercial apprenticeship programs, along with dual study options. Elmos … Read the full press release

DBAG Invests in UNITY AG to Enhance Digital Transformation and Consulting Services

(IN BRIEF) Deutsche Beteiligungs AG (DBAG) is acquiring a controlling interest in UNITY AG, a leading consultancy in technology and digital transformation, aiming to leverage UNITY AG’s strong market position and growth potential. The deal, pending regulatory approval, is expected … Read the full press release

TotalEnergies to Sell 50% Stake in TPPL to Gunvor Group, Maintaining Brand Presence in Pakistan

(IN BRIEF) TotalEnergies is selling its 50% stake in Total PARCO Pakistan Limited (TPPL) to Gunvor Group. TPPL, a joint venture with Pak-Arab Refinery Limited (PARCO), operates over 800 service stations and has fuel logistics and lubricants activities in Pakistan. … Read the full press release

ArcelorMittal Acquires 28.4% Stake in Vallourec for €955 Million, Strengthens Board Representation

(IN BRIEF) ArcelorMittal has completed the acquisition of a 28.4% equity interest in Vallourec from Apollo Global Management for approximately €955 million. Following the acquisition, ArcelorMittal executives will join Vallourec’s board. ArcelorMittal does not plan to launch a tender offer … Read the full press release

EBRD’s €20 Million Loan to Allego for EV Charging Stations in Poland

(IN BRIEF) The EBRD is lending €20 million to Allego for the construction of 200 EV charging stations in Poland. This investment, supported by the CEF-Transport Alternative Fuels Infrastructure Facility, aims to boost electric mobility in Poland, helping the EU … Read the full press release

EBRD’s €25 Million Loan for Construction of Two 60 MW Solar Power Plants in Tunisia

(IN BRIEF) The EBRD and Proparco are financing two 60 MW solar power plants in Tozeur and Sidi Bouzid, Tunisia, with a €25 million loan. Developed by Scatec and Aeolus (Toyota Tsusho Group), these projects will reduce annual CO2 emissions … Read the full press release

CRE8 Program Fosters Employment Opportunities at Mossley Hill Mental Health Facility Construction Site

(IN BRIEF) The CRE8 pre-employment program has successfully created job opportunities for disadvantaged locals at the Mossley Hill Mental Health Facility construction site. Through collaboration with local partners, the program provides comprehensive training and work experience, leading to sustainable employment. … Read the full press release

Polish ESA Project Astronaut Sławosz Uznański to Join Axiom Mission 4 to the ISS

(IN BRIEF) Polish ESA project astronaut Sławosz Uznański will fly to the ISS on Axiom Mission 4 (Ax-4), alongside astronauts from India and Hungary. This mission, supported by ESA and the Polish government, aims to conduct significant scientific and technological … Read the full press release

Empa Thun Celebrates 30 Years as a Leading Center for Materials Technology

(IN BRIEF) Empa’s Thun campus, now an internationally acclaimed center for materials technology, recently celebrated its 30th anniversary. Established in 1994, the campus has grown into a hub of innovation, employing around 90 experts and fostering collaborations with universities and … Read the full press release

Study Advocates for Children’s Right to be Heard in Parental Separation Cases

(IN BRIEF) A study by the University of Exeter recommends that children’s views be considered in parental separation cases to create sustainable child arrangements, reduce court backlogs, and lower financial and emotional costs. The study advocates for family consultation in … Read the full press release

University of Exeter to Relaunch Historic Mining Engineering Degree Programme

(IN BRIEF) The University of Exeter is relaunching its undergraduate Mining Engineering degree programme at the Penryn Campus, starting in the 2025/26 academic year. The programme, part of the University’s Engineering 2030 Strategy, is reintroduced by the Camborne School of … Read the full press release

MorphoSys Finalizes Delisting from Frankfurt and Nasdaq Markets Following Novartis Acquisition

(IN BRIEF) MorphoSys AG has completed its voluntary delisting from the Frankfurt Stock Exchange and Nasdaq Global Market following its acquisition by Novartis. The delisting agreement, announced on June 20, 2024, and the subsequent delisting purchase offer by Novartis were … Read the full press release

Atlas Copco’s Geert Follens to Retire at the End of 2024, Search for Successor Begins

(IN BRIEF) Atlas Copco has announced that Geert Follens, Senior Executive Vice President and Business Area President for Vacuum Technique, will retire at the end of 2024. Follens has been with Atlas Copco since 1995 and a key member of … Read the full press release

Prudential Appoints Angel Ng as Regional CEO for Greater China Following Lilian Ng’s Retirement

(IN BRIEF) Prudential plc has announced that Lilian Ng, Managing Director of the Strategic Business Group, will retire at the end of the year after 30 years with the company. She will be succeeded by Angel Ng, formerly of Citi, … Read the full press release