Daily Archives: 10, February 2025

Amadix Secures €15 Million Loan from EIB to Expand Early Cancer Detection Solutions Across Europe and the U.S.

(IN BRIEF) Amadix, a Spanish biotech company focused on non-invasive blood tests for early cancer detection, has secured a €15 million loan from the European Investment Bank (EIB). This funding, backed by InvestEU, will support Amadix in advancing its blood … Read the full press release

Metso Expands Its Presence in China with Acquisition of Selm Technology’s Screening Solutions

(IN BRIEF) Metso has announced its acquisition of Selm (Beijing) Technology Co., Ltd, a Chinese manufacturer specializing in screening solutions for the mining and aggregates industries. The acquisition will enhance Metso’s ability to offer comprehensive screening services to customers in … Read the full press release

Nokia Appoints Justin Hotard as New CEO, Succeeding Pekka Lundmark in Strategic Leadership Shift

(IN BRIEF) Nokia has announced a leadership change with Justin Hotard set to succeed Pekka Lundmark as the new President and CEO, starting April 1, 2025. Hotard, with over 25 years of experience in technology, is expected to drive Nokia’s … Read the full press release

NIB and Valoo Oy Partner to Expand Fibre Infrastructure and Boost High-Speed Internet Access in Finland

(IN BRIEF) The Nordic Investment Bank (NIB) has signed a EUR 40 million loan agreement with Valoo Oy, a Finnish internet service provider, to support the expansion of fibre infrastructure in Finland. The loan, backed by the InvestEU Guarantee, will … Read the full press release

Garanti BBVA Hosts Demo Day to Showcase Startups and Opens Applications for Third Session of Tech Program

(IN BRIEF) Garanti BBVA recently celebrated the success of five startups that completed the second year of its Garanti BBVA Partners Tech Program at a Demo Day event. The program offers essential support, including office space, mentoring, and marketing assistance, … Read the full press release

British Gas to Create 400+ Apprenticeship Roles in 2025 to Support Net Zero Goals and Drive Career Diversity

(IN BRIEF) British Gas has announced it will offer over 400 apprenticeship roles in 2025 as part of its effort to accelerate the transition to a net zero future. The apprentices will help with energy efficiency, boiler repairs, and the … Read the full press release

AFME’s Inaugural Report Highlights Rapid Growth and Opportunities in DLT Capital Markets

(IN BRIEF) The Association for Financial Markets in Europe (AFME) has published its inaugural Distributed Ledger Technology (DLT) Capital Market report, offering valuable insights into the global market’s growth in DLT issuance and related secondary market activities. The report highlights … Read the full press release

Rheinmetall Secures €26 Million Contract to Supply High-Performance CWA2000 Pumps for Electric Vehicles and Power Plants

(IN BRIEF) Rheinmetall has secured a €26 million order for its CWA2000 high-voltage coolant pump from a well-known Asian engine manufacturer. The pumps will be used in 800V fuel cell vehicles and stationary power plants, marking a significant step in … Read the full press release

Indra to Supply Advanced Space Debris Detection Radar to German Armed Forces for Satellite Protection

(IN BRIEF) Indra has secured a major contract with the German Armed Forces to supply a next-generation space debris detection radar system, enhancing Germany’s ability to protect satellites from collisions with debris and other approaching satellites. The radar, a more … Read the full press release

Steyr Motors AG Listed on the Vienna Stock Exchange to Boost Visibility and Capital Market Access

(IN BRIEF) Steyr Motors AG has been officially listed on the Vienna Stock Exchange, with trading starting in the exchange-regulated direct market plus segment. The company’s shares opened at EUR 14.90, bringing the market capitalization to EUR 77.48 million. Steyr … Read the full press release

ETHSG Association Bridges Gap Between ETH Zurich and HSG Students to Foster Start-up Innovation

(IN BRIEF) The ETHSG association, founded in 2020, unites students from ETH Zurich and the University of St. Gallen (HSG) to foster collaboration between business and technical expertise, with a focus on developing start-ups. Through workshops, company visits, and social … Read the full press release

DNV Cyber Honored with Dual Saviynt Awards for Excellence in IAM Solutions Implementation

(IN BRIEF) DNV Cyber was awarded both EMEA Delivery Partner and EMEA Channel Partner of the Year for 2024 by Saviynt, a leader in cloud-native identity and governance solutions. The awards recognize DNV Cyber’s success in supporting customers with the … Read the full press release

IKEA’s Global Sleep Study Reveals Insights and Solutions for Better Rest Across the World

(IN BRIEF) IKEA’s Sleep Uncovered report reveals that people are losing an average of 1 hour and 20 minutes of sleep per night, with Mainland China reporting the best sleep quality and the USA and Norway at the bottom. The … Read the full press release

GEA Foundation Launched to Drive Global Impact in Education, Sustainability, and Disaster Relief

(IN BRIEF) GEA Group launched the GEA Foundation at an event in Berlin, aiming to strengthen the company’s community engagement by focusing on education, poverty alleviation, access to infrastructure, and disaster relief. The foundation builds on GEA’s commitment to donate … Read the full press release

KfW ifo Business Climate Index Sees Minor Improvement, Driven by Service Sector Optimism

(IN BRIEF) In January 2025, Germany’s small and medium-sized enterprises (SMEs) saw a slight improvement in business sentiment, with the KfW ifo Business Climate Index rising by 0.6 points to -21.4 balance points. Despite this increase, sentiment remains well below … Read the full press release

Vodafone Business IoT and Mobily Join Forces to Expand IoT Connectivity in Saudi Arabia

(IN BRIEF) Vodafone Business IoT has partnered with Saudi telecommunications leader Mobily to expand its IoT connectivity services in Saudi Arabia. This collaboration grants Vodafone Business IoT customers access to Mobily’s extensive network, ensuring secure and reliable connectivity for IoT … Read the full press release

ENTSO-E Marks Successful Synchronization of Baltic States’ Electricity Grids with Continental Europe

(IN BRIEF) On February 9, 2025, Estonia, Latvia, and Lithuania successfully synchronized their electricity systems with Continental Europe’s electricity grid, marking a historic achievement for the Baltic States and Europe. The synchronization improves energy security and independence for the region, … Read the full press release

HBOR Commits €20 Million to EIF-Led Three Seas Initiative Innovation Fund

(IN BRIEF) The Croatian Bank for Reconstruction and Development (HBOR) has pledged €20 million to the Three Seas Initiative Innovation Fund, which supports growth-stage businesses in Central and Eastern Europe. This makes HBOR the fourth contributor to the fund, following … Read the full press release

EIF Allocates €30 Million to Support Swedish SMEs in Green Transition through Impact Lending Fund

(IN BRIEF) The European Investment Fund (EIF) has committed up to 320 million Swedish kronor (about €30 million) to Swedish Impact Lending 1, a pioneering green-financing initiative targeting small and medium-sized enterprises (SMEs) in Sweden. Managed by Svenska Hållbarhetsfonden Förvaltnings … Read the full press release

eVTOLUTION: Pioneering the Future of Urban Air Mobility

(IN BRIEF) The Horizon Europe project eVTOLUTION held its first public workshop, “Novel Tools for Novel Aircraft,” on February 6, 2025, at the GKN Technology Center in Bristol, UK. The event marked a significant milestone, where project partners shared initial … Read the full press release