Daily Archives: 17, April 2025

Hexagon Expands Public Safety Platform with Acquisition of CONET’s Unified Communications Software

(IN BRIEF) Hexagon AB has signed an agreement to acquire the Unified Communications Radio Suite (UCRS) software assets from CONET Communications GmbH to enhance its public safety technology offerings. UCRS integrates various communication channels—such as mobile networks, digital radio, CCTV, … Read the full press release

SAF-HOLLAND Takes Full Control of Haldex India to Drive Expansion in Commercial Vehicle Sector

(IN BRIEF) SAF-HOLLAND SE has acquired the remaining 40% stake in Haldex ANAND India from its joint venture partner ANAND Group, securing full ownership of the brake systems manufacturer. The move is part of SAF-HOLLAND’s drive2030 growth strategy and aims … Read the full press release

Dürr’s EcoProBooth Wins PACE Pilot Award for Cutting-Edge Energy-Saving Paint Technology

(IN BRIEF) Dürr has won the 2025 Automotive News PACE Pilot Award for its EcoProBooth, a modular spray booth system designed to increase energy efficiency and streamline vehicle painting. With a 95% air recirculation rate and the ability to handle … Read the full press release

ABB to Spin Off Robotics Division as Standalone Company by 2026

(IN BRIEF) ABB has announced its intention to spin off its Robotics division as an independent company, with a targeted listing in Q2 2026. The spin-off will be executed via a dividend in-kind, allowing shareholders to receive shares in the … Read the full press release

PUMA Unleashes the Fast-R NITRO™ Elite 3, Its Fastest Running Shoe Yet

(IN BRIEF) PUMA has unveiled the Fast-R NITRO™ Elite 3, its fastest and lightest running shoe to date, launching ahead of the Boston Marathon. Backed by a biomechanics study from the University of Massachusetts Amherst, the shoe offers a 3.15% … Read the full press release

Salzgitter Mannesmann to Deliver Critical Pipes for Angola’s Luanda Water Supply Project

(IN BRIEF) Salzgitter Mannesmann International GmbH and CNT Bau have signed an agreement to supply large-diameter pipes for Angola’s Quilonga Grande water supply system, a critical project to address severe drinking water shortages in Luanda. With Luanda facing a 1.2 … Read the full press release

50Hertz Welcomes Christine Janssen as New CFO to Lead Financial Strategy Amid Energy Transition

(IN BRIEF) 50Hertz Transmission GmbH has appointed Christine Janssen as its new Chief Financial Officer, succeeding Marco Nix who became CFO of Elia Group earlier this month. Janssen brings deep expertise in finance, regulation, and energy systems from her previous … Read the full press release

IKEA Opens Gangdong Store in Seoul, Bringing Affordable Home Furnishings Closer to Urban Shoppers

(IN BRIEF) IKEA has opened its fifth South Korean store in Seoul’s Gangdong district, marking ten years of operation in the country. Located within the mixed-use Gangdong I-Park The River complex, IKEA Gangdong showcases 7,400 products, with over 3,700 available … Read the full press release

Woodside and Uniper Expand LNG Partnership with 2 Mtpa Deal Linked to Louisiana Project

(IN BRIEF) Uniper and Woodside have signed long-term LNG supply agreements totaling up to 2 Mtpa, with 1 Mtpa sourced from the upcoming Louisiana LNG project and up to 1 Mtpa from Woodside’s global portfolio. These deals aim to strengthen … Read the full press release

ASSA ABLOY Strengthens Access Control Portfolio with Acquisition of Pedestal PRO

(IN BRIEF) ASSA ABLOY has acquired Pedestal PRO, a Utah-based manufacturer of access control pedestals and mounting solutions, further expanding its presence in mature markets and enhancing its electromechanical portfolio. With around 50 employees and 2024 sales of approximately USD … Read the full press release

Logicor and Solo to Build 28,000 sqm Eco-Friendly Logistics Hub in Bràfim

(IN BRIEF) Logicor and Solo have launched construction on a Build-to-Suit logistics facility in Bràfim, Tarragona, aimed at boosting local employment and advancing sustainable logistics in Catalonia. Scheduled for completion in Q2 2026, the 28,000 sqm hub will serve as … Read the full press release

University of St.Gallen Researches How Tax Reform Could Cut Aviation Emissions

(IN BRIEF) A new research project at the University of St.Gallen, funded by the Swiss National Science Foundation, will investigate how changes in aviation taxation could help reduce greenhouse gas emissions in Switzerland. Running from 2025 to 2028, the study … Read the full press release

Franco-German Defense Industry Reaches Key Milestone with Establishment of MGCS Project Company

(IN BRIEF) The Franco-German MGCS defense initiative has progressed with the official founding of the MGCS Project Company GmbH, a joint industrial entity formed by KNDS Deutschland, KNDS France, Rheinmetall Landsysteme, and Thales. Based in Cologne and led by Stefan … Read the full press release

E-Methane Emerges as Key Player in Energy Transition, Says Study Commissioned by GasTerra and Gasunie

(IN BRIEF) A new study by Roland Berger, commissioned by GasTerra and Gasunie, highlights the potential of e-methane as a viable and infrastructure-ready solution to support the Netherlands’ energy transition. Produced from green hydrogen and CO₂, e-methane can be fed … Read the full press release

Garanti BBVA Advances Digital Banking with Generative AI Upgrade to Smart Assistant Ugi

(IN BRIEF) Garanti BBVA has enhanced its mobile smart assistant Ugi with generative AI technology, enabling more natural, context-aware, and personalized interactions for customers. Ugi now supports a broader range of banking services, anticipates user needs, and continues to evolve … Read the full press release

Scania Unveils Three-Axle Electric Bus Chassis to Expand E-Mobility into Intercity and Suburban Routes

(IN BRIEF) Scania has launched a new 6×2*4 battery-electric bus chassis variant, expanding its e-mobility platform to support city, suburban, and short intercity routes. Featuring an upgraded e-machine, rear axle system, and charging options, the three-axle design offers increased capacity, … Read the full press release

Snam Overhauls Sustainable Financing Framework with Green and ESG-Linked Pillars

(IN BRIEF) Snam has introduced a revamped Sustainable Financing Framework built around two strategic pillars—Green Financing and Sustainability-Linked Financing. The Green pillar focuses on EU Taxonomy-aligned investments like pipeline retrofits, while the Sustainability-Linked pillar ties funding costs to ESG performance … Read the full press release

Valio Considers Relocating Kauhava Plant Operations to Boost Efficiency

(IN BRIEF) Valio has announced plans to potentially close its Kauhava factory, acquired from Raisio in March 2025, and relocate production to either its Oulu or Joensuu sites to enhance efficiency and profitability. The company has initiated change negotiations involving … Read the full press release

ICM Solutions Acquires Compass Equipment, Expanding Metso’s U.S. Distribution Footprint

(IN BRIEF) Metso has announced a realignment of its U.S. distributor network through the acquisition of Compass Equipment by ICM Solutions. This strategic move expands ICM’s authorized sales and service territory for Metso to include Northern California and all of … Read the full press release

CACEIS Appointed as Depositary for Vesper Infrastructure Partners’ Debut Fund

(IN BRIEF) CACEIS has been appointed to provide depositary and banking services for Vesper Infrastructure Partners’ inaugural fund, Vesper Next Generation Infrastructure Fund I SCSp, which is targeting €800 million and currently has €600 million in assets under management. Vesper, … Read the full press release