(IN BRIEF) Evonik’s Coating & Adhesive Resins Business Line in Darmstadt, Germany, has transitioned its production of DEGACRYL® specialty acrylates to renewable energy sources, reducing annual CO2 emissions by approximately 1,400 metric tons. This move aligns with the business line’s … Read the full press release
(IN BRIEF) CompuGroup Medical SE & Co. KGaA (CGM), a leading e-health provider, has announced the appointment of two renowned digitization experts in the German healthcare system. Max Müller has assumed leadership of the CLICKDOC & m.Doc business area, while … Read the full press release
Posted in Business, Germany, Healthcare, Industrial, Management, News, Technology
Tagged appointment, CompuGroup Medical, Digitization Experts, Dr. Ulrich Thomé, Germany, healthcare sector, Jan Wemmel, leadership, Max Müller
(IN BRIEF) DHL announces plans to expand its out-of-home delivery network in Sweden by introducing approximately 1,000 new parcel lockers in 2024, focusing primarily on metropolitan areas. Partnering with iBoxen, DHL aims to strengthen its capacity and capabilities in the … Read the full press release
Posted in Business, Environment, Financial, Germany, Government, Industrial, Internet & Online, Investment, Management, News, Sweden, Technology, Transportation & Logistics
Tagged DHL, E-commerce Demands, iBoxen, online shopping, Parcel Locker Network, partnership, Robert Zander, sustainability, Sweden
(IN BRIEF) Dr. Sigrid Nikutta, a board member of DB, unveils the successful practical tests of a digital freight train, marking a significant advancement in Europe’s rail freight transport system. The introduction of Digital Automatic Coupling (DAK) as a new … Read the full press release
(IN BRIEF) ARBURGadditive will participate in the 20th anniversary of Rapid.Tech in Erfurt from May 14 to 16, 2024, showcasing two innovative exhibits: a large freeformer 750-3X operating on plastic granules and an LiQ 5 for 3D printing liquid silicone … Read the full press release
(IN BRIEF) Triton Fund V, under Triton’s advisement, has finalized the acquisition of Siemens Energy’s Trench business, a leading manufacturer of high-voltage grid components. Trench, renowned for its expertise and global presence with nine factory locations and 2,400 employees worldwide, … Read the full press release
(IN BRIEF) Mercedes-Benz Trucks has announced the release of the new Actros L, slated to redefine the premium segment of heavy diesel-powered trucks. Set to be available for order from April 2024 and commencing production in December 2024, the Actros … Read the full press release
Posted in Automotive, Business, Energy, Gas & Oil, Environment, Financial, Germany, Industrial, Investment, Management, News, Security & Safety, Technology, Transportation & Logistics
Tagged Actros L, Daimler truck, Diesel-Powered, Heavy Trucks, Mercedes-Benz Trucks, partnership, Rainer Müller-Finkeldei, sustainability
(IN BRIEF) Volkswagen celebrates 50 years of the Golf, Europe’s most successful car, with over 37 million units sold worldwide. Since its debut in 1974, the Golf has set industry standards, introducing innovations in technology, safety, and design across its … Read the full press release
Posted in Automotive, Germany, Industrial, Technology, Transportation & Logistics
Tagged 50th anniversary, Andreas Mindt, automotive, Giorgio Giugiaro, golf, Herbert Schäfer, Hybrid, INNOVATION, Volkswagen
(IN BRIEF) Roland Berger, a global management consultancy, opens a new office in Abu Dhabi’s ADGM financial district, expanding its regional presence to five offices. The move reflects Roland Berger’s commitment to Abu Dhabi’s economic growth and diversification efforts. The … Read the full press release
Posted in Business, Germany, Management, Technology
Tagged Abu Dhabi, Abu Dhabi Global Market, Hani Tohme, management consultancy, Middle East, Rene Seijger, Roland Berger, Santiago Castillo
(IN BRIEF) CANCOM Group concluded the 2023 fiscal year with remarkable financial results, including a 17.8% increase in revenue to €1,522.7 million and a notable rise in EBITDA to €115.7 million. CEO Rüdiger Rath attributes this success to strategic acquisitions … Read the full press release
Posted in Business, Financial, Germany, Management, Technology
Tagged CANCOM Group, EBITDA, economic challenges, ERP system, expansion, financial performance, forecast, integration, KBC Group, Market development, Operational improvements, profitability, revenue growth, Rüdiger Rath, Strategic acquisitions
(IN BRIEF) Daimler Truck AG has finalized a new revolving credit line worth €5 billion, capitalizing on favorable market conditions to replace its existing syndicated credit line set to mature. Coordinated by BNP Paribas, Deutsche Bank, and LBBW, with participation … Read the full press release
(IN BRIEF) Jenoptik AG announces impressive financial results for the fiscal year 2023, highlighted by a considerable increase in revenue and profitability. The company’s photonics business, particularly in the semiconductor equipment sector, drove significant organic revenue growth of 8.7 percent … Read the full press release
(IN BRIEF) PNE AG reports a highly successful year in 2023, achieving or surpassing strategic goals outlined in its ‘Scale up 1.0’ strategy. With total aggregate output reaching €267.8 million and EBITDA hitting €39.9 million, the company is at the … Read the full press release
Posted in Business, Economy, Energy, Gas & Oil, Financial, Germany, Industrial, Infrastructure & Utilities, Investment, Management, News
Tagged Expansion Strategy, financial performance, investment, Markus Lesser, PNE AG
(IN BRIEF) Adyen collaborates with Riverty, a part of the Bertelsmann Group, to offer merchants in the DACH region a new 14-day invoice Buy Now, Pay Later (BNPL) payment method seamlessly integrated into Adyen’s fintech platform. This partnership aims to … Read the full press release
Posted in Banks, Business, Financial, Germany, Government, Industrial, Internet & Online, Investment, Management, Netherlands, News, Retail, Technology
Tagged 14-Day Invoice, Adyen, Bertelsmann Group, buy now, Hella Fuhrmann, Netherland, partnership, Pay Later Solution, Riverty, Walter Drieenhuizen
(IN BRIEF) Deutsche Bank has successfully raised 400 million Singapore Dollars (SGD) in senior non-preferred notes, marking its second venture into the SGD market. The funds will be used for general corporate purposes. Jonathan Blake, Deutsche Bank’s Head of Issuance … Read the full press release
Posted in Banks, Business, Financial, Germany, Investment
Tagged Asia Pacific, Deutsche Bank, Fiona Ip, Jonathan Blake, Oxley Holdings, Singapore, Singaporean Government
(IN BRIEF) Infineon Technologies AG launches the SSO10T TSC package, integrating OptiMOS™ MOSFET technology with a direct top-side cooling concept, ensuring superior thermal performance in automotive electronic control units. This innovative package facilitates a compact double-sided PCB design, significantly reducing … Read the full press release
Posted in Automotive, Business, Germany, Industrial, Management, News, Technology
Tagged Automotive Power Designs, Infineon, SSO10T TSC Package
(IN BRIEF) Heidelberg Materials has been granted up to US$500 million in funding by the US Department of Energy to advance industrial-scale carbon capture, transport, and storage (CCUS) at its cement plant in Mitchell, Indiana. This significant investment marks a … Read the full press release
(IN BRIEF) The Council of Europe Development Bank (CEB) has approved 11 new loans totaling €1.3 billion across various countries and sectors. These loans aim to address critical social issues such as microfinance, healthcare, education, and post-disaster reconstruction. Among the … Read the full press release
Posted in Banks, Bosnia and Herzegovina, Business, European Union, Financial, Finland, France, Germany, Iceland, Industrial, Investment, Management, News, Poland, Serbia, Slovakia, Small Business, Society, Spain, Turkey, Ukraine
Tagged Bosnia and Herzegovina, Carlo Monticelli, CEB, Europe, Finland, France, Germany, Iceland, investments, partnership, Poland, SERBIA, Slovakia, Social Sector, Spain, Turkey, UKRAINE
(IN BRIEF) Merck, a prominent science and technology company, announces a €14 million expansion of its M LabTM Collaboration Center in Shanghai, bolstering its support for the biopharmaceutical industry in China. The expansion includes new facilities such as a biology … Read the full press release
Posted in Business, Construction, Environment, Financial, Germany, Industrial, Infrastructure & Utilities, Investment, Management, News, Pharma & Biotech, Science, Technology
Tagged biopharmaceutical, CHINA, Dr. Roy Wu, M LabTM Center, Merck, partnership, Shanghai, sustainability
(IN BRIEF) The latest GfK Consumer Climate Report reveals a gradual improvement in consumer sentiment in Germany, with slight increases in economic expectations and income optimism. However, the willingness to buy remains low despite rising income, reflecting persistent consumer uncertainty … Read the full press release
Posted in Business, Commodities, Economy, Financial, Germany, Government, Industrial, Investment, Management, Marketing, News, Retail
Tagged Consumer Climate Report, economy, Financial, Germany, GfK, investment, Nuremberg Institute for Market Decisions (NIM), Rolf Bürkl
(IN BRIEF) Fraunhofer experts are at the forefront of developing AI-driven systems to revolutionize healthcare, presenting their latest advancements at the DMEA 2024 trade show. These innovations span various areas, including diagnostics, surgery planning, telemedicine, and data management. From AI-based … Read the full press release
Posted in Artificial Intelligence (AI), Business, Financial, Germany, Healthcare, Industrial, Investment, Management, Media, News, Science, Technology
Tagged AI, DMEA 2024, Fraunhofer, Healthcare, healthcare IT, innovations
(IN BRIEF) Symrise introduces the latest edition of its proprietary trend tool, Trendscope™ 2024+, aimed at deciphering consumer trends shaping the food and beverage industry. The tool amalgamates qualitative and quantitative research methods to identify key drivers such as naturalness, … Read the full press release
(IN BRIEF) Hannover Re announces the establishment of a new specialty reinsurance business unit, effective April 1, 2024, aimed at consolidating its global operations in cyber and digital domains to bolster underwriting proficiency. Led by Stefan Sperlich, the unit will … Read the full press release
Posted in Artificial Intelligence (AI), Business, Economy, Financial, Germany, Industrial, Insurance, Investment, Management, News, Technology
Tagged cyber, Digital Business Unit, Financial, Hannover Re, investment, reinsurance, Silke Sehm, Stefan Sperlich
(IN BRIEF) The German defense procurement office has chosen Saab’s Arexis sensor suite to equip the Eurofighter EK, an electronic warfare variant of the German Air Force’s Eurofighter aircraft. The contract, initiated in June 2023, marks the beginning of Saab’s … Read the full press release
Posted in Artificial Intelligence (AI), Aviation & Aerospace, Business, Defence, Financial, France, Germany, Government, Industrial, Investment, Management, News, Security & Safety, Sweden, Technology
Tagged Air Force, Airbus, Arexis Electronic Warfare (EW), Eurofighter EK, Eurofighter EW, France, Germany, Helsing, Micael Johansson, partnership, Saab, Sensor Suite
(IN BRIEF) EQT Life Sciences proudly announces Novo Nordisk’s acquisition of Cardior Pharmaceuticals, valuing the biopharmaceutical company at up to EUR 1.025 billion. Based in Hannover, Germany, Cardior specializes in RNA-based therapeutics for cardiovascular diseases, focusing initially on heart failure. … Read the full press release
Posted in Business, Denmark, Environment, Financial, Germany, Government, Healthcare, Industrial, Investment, Management, Netherlands, News, Pharma & Biotech, Science, Technology
Tagged acquisition, Cardior Pharmaceuticals, Christoph Broja, Claudia Ulbrich, Denmark, EQT, EQT Life Sciences, Germany, Heart Diseases, Novo Nordisk, partnership, Professor Thomas Thum, RNA Therapies, sustainability
(IN BRIEF) ZF Group has introduced “ZF LIFETEC” as the new brand identity for its Passive Safety Systems division, reflecting its independent positioning within the ZF Group. With sales of €4.7 billion in 2023, ZF LIFETEC aims to enhance sales … Read the full press release
(IN BRIEF) ZÜBLIN, a subsidiary of STRABAG, has secured a contract from the Waterway Construction Office Aschaffenburg to replace the lock Kriegenbrunn. The €450 million project, slated to commence in April 2024 and expected to conclude by spring 2032, will … Read the full press release
Posted in Business, Construction, Environment, Financial, Germany, Government, Industrial, Infrastructure & Utilities, Investment, Management, News
Tagged Klemens Haselsteiner, partnership, STRABAG, sustainability, Züblin
(IN BRIEF) Henkel and Adobe are embarking on an innovative pilot program utilizing generative AI to revolutionize content production. Through Henkel’s Custom Models in Adobe Firefly, teams can efficiently generate personalized, brand-compliant content, enhancing digital marketing campaigns. This partnership signifies … Read the full press release
Posted in Artificial Intelligence (AI), Business, Financial, Germany, Industrial, Investment, Management, News, Technology
Tagged Adobe, content production, Generative AI Pilot, Henkel, partnership
(IN BRIEF) Airbus Defence and Space has announced plans to acquire INFODAS, a Cologne-based cybersecurity and IT solutions provider specializing in the public sector, including defense and critical infrastructures. With the transaction awaiting regulatory approvals, Airbus aims to enhance its … Read the full press release
(IN BRIEF) Austrian Federal Railways (ÖBB) has launched its first Railjet of the new generation, marking a significant advancement in rail travel comfort. Developed and built by Siemens Mobility, these innovative trains boast numerous features aimed at enhancing passenger experience … Read the full press release
Posted in Austria, Business, Environment, Financial, Germany, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Technology, Transportation & Logistics, Travel
Tagged Albrecht Neumann, Andreas Matthä, Austria, ÖBB, partnership, Rail Travel Comfort, Railjet, Siemens, sustainability
(IN BRIEF) Vodafone’s One for One initiative, launched in June 2022 in Germany, has made significant strides in mobile phone recycling by promising to recycle an old phone for every new one purchased. Teaming up with Closing the Loop, the … Read the full press release
(IN BRIEF) Daimler Truck has achieved a significant milestone by connecting over 1 million trucks and buses worldwide to its digital platform, marking a pivotal moment in its commitment to vehicle connectivity and digital innovation. Marcus Claesson, Daimler Truck’s CIO, … Read the full press release
Posted in Automotive, Business, Environment, Germany, Industrial, Management, News, Technology, Transportation & Logistics
Tagged Daimler truck, Marcus Claesson, Sanjiv Khurana, sustainability, transportation, vehicles
(IN BRIEF) Jenoptik, in partnership with a local Ecuadorian company, has been selected by the Ecuadorian National Traffic Commission (CTE) for a comprehensive 12-year project aimed at enhancing road safety throughout Ecuador. The initiative involves the deployment of over 120 … Read the full press release
Posted in Business, Electronics & Machinery, Financial, Germany, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Security & Safety, Technology, Transportation & Logistics
Tagged Alexis Collazo, cameras, Ecuador, Finbarr O'Carroll, Jenoptik, partnership, Traffic Safety Project
(IN BRIEF) Breakpoint Therapeutics GmbH, a company focused on developing drugs targeting the DNA Damage Response (DDR), has nominated its first preclinical development candidate, BTX-011, an inhibitor of polymerase theta (Pol θ / POLQ), for the treatment of solid tumors. … Read the full press release
(IN BRIEF) LPKF Laser & Electronics SE disclosed its financial performance for the fiscal year, registering a revenue of EUR 124.3 million and an EBIT of EUR 3.7 million, slightly lower than the previous year’s figures. Despite facing challenges such … Read the full press release
Posted in Business, Economy, Electronics & Machinery, Financial, Germany, Industrial, Investment, Management, News
Tagged Financial, investment, Klaus Fiedler, LPKF Laser & Electronics SE
(IN BRIEF) Evonik has been honored with the Asia-Pacific Bioprocessing Excellence Award (ABEA) for the second consecutive year, specifically in the category of Best New Bioprocessing Supplier Award: Upstream Processing, for its Cell Culture Solutions portfolio. As a crucial component … Read the full press release
(IN BRIEF) The German Bundeswehr has awarded Rheinmetall a contract worth €2.7 billion for the supply of up to 123 “Schwerer Waffenträger Infanterie” vehicles. These vehicles, intended to replace the Wiesel tracked vehicle, will be equipped with advanced weaponry and … Read the full press release
Posted in Business, Defence, Financial, Germany, Government, Industrial, Investment, Management, News, Security & Safety, Technology, Transportation & Logistics
Tagged Anthony Albanese, Armin Papperger, Australia, German Bundeswehr, Germany, Heavy Weapon Carrier, John Abunassar, Nathan Poyner, Olaf Scholz, partnership, Pat Conroy MP, Rheinmetall, Thomas Hitschler
(IN BRIEF) Continental’s PremiumContact 7 has clinched the top spot in the latest summer tire test conducted by Norwegian magazine Vi Bilägare, with results republished by Motor (Norway) and Tuulilasi (Finland). The test, comparing ten summer tires in the 215/55 … Read the full press release
Posted in Automotive, Awards, Business, Environment, Germany, Government, Management, News, Security & Safety, Technology
Tagged Awards, Continental, Philipp Mendelski, PremiumContact 7, safety, Scandinavia, Summer Tire Test, sustainability, Vi Bilägare
(IN BRIEF) Continental’s show truck, traversing over 50,000 kilometers throughout Europe, continues its mission to showcase innovative solutions for sustainable transportation. With stops in various countries, the roadshow offers interactive exhibitions covering key industry themes, including cost reduction strategies, digital … Read the full press release
(IN BRIEF) Siemens AG announces its acquisition of ebm-papst’s industrial drive technology (IDT) business, which specializes in intelligent, integrated mechatronic systems for various applications, including free-range driverless transport systems. This strategic move, involving around 650 employees, aims to enhance Siemens’ … Read the full press release
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PHARMA & BIOTECH: The largest repository of EU/European pharma & biotech press releases spanning 12 years (2012-2024)
