(IN BRIEF) The Supreme Court of New York has ruled against Ricardo Salinas Pliego and Grupo Elektra for failing to comply with court-ordered financial disclosures. The court found Salinas and his entities in contempt, imposing escalating daily fines, starting at … Read the full press release
Posted in Business, Financial, Germany, Investment, Law
Tagged alter ego motion, Astor Asset Management 3 Ltd, AT&T Mobility Holdings B.V., AT&T Mobility Holdings lawsuit, Banco Azteca, Banco Azteca court case, Contempt Of Court Order, financial obligations, grupo elektra, Grupo Elektra contempt case, Grupo Elektra legal sanctions, Grupo Salinas, Grupo Salinas alter ego ruling, Grupo Salinas Telecom II S.A. de C.V., Grupo Salinas Telecom S.A. de C.V., legal obligations, New York Court, Ricardo Salinas legal battle, Ricardo Salinas Pliego, Ricardo Salinas Pliego lawsuit, Salinas Pliego financial judgment, Supreme Court of New York, US court decision on Salinas, US court fines Grupo Salinas, USA Court
(IN BRIEF) Covestro is investing a low triple-digit million Euro sum to expand its operations in Hebron, Ohio, by adding multiple production lines for polycarbonate compounds and blends. This expansion will support the growing demand for high-quality materials in industries … Read the full press release
Posted in Business, Chemicals, Germany, Industrial, Investment
Tagged automotive, blends, compounding capabilities, Covestro, digitalization, electrification of mobility, electronics, engineering plastics, healthcare industries, Hebron, Lily Wang, Ohio, Pittsburgh, polycarbonate compounds, production lines, R&D center, Samir Hifri, Solutions & Specialties business, supply reliability, sustainable development, sustainable growth strategy, technology transfer, Thorsten Dreier, U.S., U.S. compounding plant
(IN BRIEF) Exus Renewables has acquired the 130MWp Cibele solar farm in Portugal from Lightsource bp, expanding its renewable energy portfolio in Iberia. Construction is set to begin soon, with operations expected to start in 2026. The solar farm’s strategic … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Industrial, Infrastructure & Utilities, Portugal, United Kingdom
Tagged Capcora, Cascante 51MW, Cibele solar farm, construction, Cuatrecasas, energy transition, Enertis, Exus Renewables, hybrid energy, hybrid energy strategy, Iberia, Lightsource BP, Mott MacDonald, PLMJ, PORTUGAL, renewable energy goals, renewable energy portfolio, Solar Capacity, Spain, Wind and Solar Projects, wind energy
(IN BRIEF) ASSA ABLOY has announced its acquisition of 3millID Corporation and Third Millennium Systems Ltd, both specializing in physical access control solutions. These acquisitions will expand ASSA ABLOY’s offerings and support growth opportunities, particularly outside the United States. 3millID, … Read the full press release
Posted in Business, Industrial, Investment, Sweden, Technology
Tagged 3millID Corporation, Access Control Solutions, acquisition, ASSA ABLOY, Björn Lidefelt, closing conditions, commercial partnership, EBIT margin, Enterprise Customers, EPS, growth opportunities, HID, Highlands Ranch, Nico Delvaux, physical access control, Physical Access Control Solutions Business Area, technology, technology-driven solutions, Third Millennium Systems Ltd, transaction, UK, Wales
(IN BRIEF) While electronics have significantly advanced in speed, size, and capability, the form factor—mainly consisting of components on circuit boards in a box—remains largely unchanged. The growing demand for faster, smaller, and more capable devices presents a significant opportunity … Read the full press release
Posted in Automotive, Electronics & Machinery, Industrial, Marketing, Technology, United Kingdom
Tagged 3D electronics, 3D electronics market opportunity, 3D printed antennas, ADAS sensor suites, ADAS sensors, Additive Electronics, AEB tests, automotive, automotive cameras, Automotive Technology, Autonomous Vehicles, chalcogenide glasses, circuit boards, components, electronics, embedded lighting, IDTechEx, IMD, IME, IME developers, in-mold decorating, In-mold electronics, independent research, infrared cameras, infrared sensors, John Li, LED lighting panels, LWIR camera technology, LWIR cameras, market forecasts, Market Growth, market report, NCAP programs, NHTSA, Raghu Das, REPORT, Teledyne FLIR, Thermal cameras, vehicle interior lighting, “Infrared (IR) Cameras for Automotive 2025-2035
(IN BRIEF) Logicor has extended its lease agreement with Huhtamaki Foodservice in Czeladź, Poland, covering 34,600 square meters of warehouse and 2,700 square meters of office space. Huhtamaki, a global leader in sustainable packaging, has been operating in the region … Read the full press release
Posted in Business, Industrial, Poland, Transportation & Logistics
Tagged A4 motorway, brokerage services, Czeladź, distribution, Huhtamaki Foodservice, Huhtamaki Group, Katowice, LED installations, Logicor, logistics, long-term development, National Road No. 86, office space, parking area, Poland, Pyrzowice Airport, refurbishments, S1 expressway, Silesian region, skilled labor, strategic location, sustainability, Sustainable packaging, Triflow, warehouse
(IN BRIEF) Martin Lundstedt, CEO of Volvo Group, will deliver a keynote at CES 2025, highlighting the company’s strategy for decarbonizing the transport, mobility, and infrastructure sectors. Emphasizing the urgent need for action, Lundstedt called for accelerated adoption of zero-emission … Read the full press release
Posted in Automotive, Environment, Sweden, Transportation & Logistics
Tagged battery electric solutions, CES 2025, CES keynote, charging infrastructure, Clean Energy Production, climate change, decarbonization, freight volumes, hydrogen fuel cell technology, Incentives, infrastructure, Martin Lundstedt, mobility, paradigm shift, policymakers, renewable fuels, sustainable transport, The Venetian, TRANSPORT, transport system, Volvo Group, Volvo Group website, Zero-emission vehicles, ZEV
(IN BRIEF) Nordea has donated funds to support the University of Jyväskylä’s four-year research project focused on assessing the biodiversity footprint of economic activities. The research aims to improve understanding of how economic actions impact biodiversity, particularly in the Nordic … Read the full press release
(IN BRIEF) Evolution AB announced that Jacob Kaplan, the company’s CFO since 2016, will step down on February 18, 2025. Kaplan will continue to serve in an advisory role during the transition. Joakim Andersson, with extensive experience as a CFO … Read the full press release
Posted in Business, Entertainment, Financial, Industrial, Internet & Online, Investment, Management, News, Sweden, Technology
Tagged appointment, CFO Transition, Evolution AB, Joakim Andersson, leadership, Martin Carlesund
(IN BRIEF) Software GmbH has completed the sale of its Alfabet and Cumulocity businesses, following earlier divestments in July. This marks a strategic shift as the company refocuses on Adabas & Natural (A&N) and ARIS, now operating as standalone entities. … Read the full press release
Posted in Business, Financial, Germany, Industrial, Investment, Management, News, Technology
Tagged appointment, Christian Lucas, divestments, leadership, Martin Biegel, Martin Clemm, Robin Colman, Sanjay Brahmawar, Software GmbH, Toktam Khatibzadeh
(IN BRIEF) KION Group, in collaboration with Accenture and NVIDIA, unveiled a vision of the future warehouse at CES 2025 in Las Vegas. The companies are using advanced AI and simulation technologies, including digital twins powered by NVIDIA’s Omniverse and … Read the full press release
Posted in Artificial Intelligence (AI), Business, Economy, Financial, Germany, Industrial, Infrastructure & Utilities, Investment, Management, News, Technology, Transportation & Logistics
Tagged Accenture, AI-Driven Future, CES 2025, Jensen Huang, Julie Sweet, KION Group, NVIDIA, partnership, Rob Smith, Warehouse Operations
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