Category Archives: Business

Business Press Releases & News distributed via EuropaWire

EQT Life Sciences Portfolio Company Amolyt Pharma Acquired by Alexion, AstraZeneca Rare Diseases for $1.05 Billion

(IN BRIEF) EQT Life Sciences announces the acquisition of its portfolio company, Amolyt Pharma, by Alexion, AstraZeneca Rare Diseases, for a total deal value of $1.05 billion. This acquisition underscores Amolyt’s significant advancements in developing novel treatments for rare endocrine … Read the full press release

NIB Supports Norway’s Green Maritime Transition with Norled AS Loan

(IN BRIEF) Nordic Investment Bank (NIB) has signed a 7-year loan agreement to support ferry and express boat operator Norled AS in its investments towards zero and low carbon vessels and associated land-based infrastructure in Norway from 2024 to 2030. … Read the full press release

Evonik Vland Biotech Launches Joint Venture to Enhance Animal Gut Health Solutions

(IN BRIEF) The joint venture, Evonik Vland Biotech, established by Evonik China and Shandong Vland Biotech, officially commenced operations in Binzhou, China, aiming to bolster the market presence of probiotics for livestock gut health in the Greater China region while … Read the full press release

Evonik’s EUDRAGIT® Polymers: Pioneering Pharmaceutical Innovation for 70 Years

(IN BRIEF) Evonik’s EUDRAGIT® polymers, renowned coatings for pharmaceuticals, celebrate 70 years of revolutionizing drug delivery. With over 23,000 patents and 10,000 scientific publications, these methacrylate polymers have become industry standards, employed in formulations for modified drug release across 80 … Read the full press release

Thales Alenia Space Chosen by ESA to Lead European Consortium for Harmony Mission

(IN BRIEF) Thales Alenia Space has been selected by the European Space Agency (ESA) to spearhead a wide-ranging European industrial consortium for the Harmony mission, leveraging its extensive expertise in radar-based Earth observation satellites. This partnership aims to develop the … Read the full press release

Vattenfall Receives Supplier Engagement Leader Award for Second Consecutive Year

(IN BRIEF) Vattenfall’s commitment to minimizing its carbon footprint and achieving net zero emissions by 2040 has been reinforced with the company’s receipt of the Supplier Engagement Leader Award from CDP for the second consecutive year. The award recognizes Vattenfall’s … Read the full press release

Tubulis Secures €128 Million Series B2 Financing to Advance Novel ADC Pipeline for Cancer Treatment

(IN BRIEF) Tubulis has closed an oversubscribed €128 million ($138.8 million) Series B2 financing round, co-led by EQT Life Sciences and Nextech Invest Ltd, with participation from new and existing investors including Frazier Life Sciences and Deep Track Capital. The … Read the full press release

Mercedes-Benz Trucks Successfully Concludes Extreme Cold Testing of eActros 600 in Finland

(IN BRIEF) Mercedes-Benz Trucks engineers have completed rigorous trials of the battery-electric eActros 600 in Rovaniemi, Finland, enduring temperatures as low as minus 35 degrees Celsius. Dr. Christof Weber, Head of Global Testing, expresses satisfaction with the test outcomes, praising … Read the full press release

Mercedes-Benz Trucks Classic Collection Welcomes Restored 1899 Daimler Cardan-Truck: A Journey Through Time

(IN BRIEF) The Mercedes-Benz Trucks Classic Collection proudly introduces the restoration of the 1899 Daimler Cardan-Truck, a remarkable piece of automotive history. Originally utilized by the Stuttgart Municipal Water Works until 1923, this pioneering vehicle has undergone meticulous restoration after … Read the full press release

Wolters Kluwer’s Beneficial Ownership Platform Receives Top Honors in FinTech Breakthrough Awards

(IN BRIEF) Wolters Kluwer, a global leader in professional information and software solutions, has been honored in the FinTech Breakthrough Awards’ Fraud Prevention Innovation category for its Beneficial Ownership Platform. Designed to assist businesses affected by the U.S. Corporate Transparency … Read the full press release

Wolters Kluwer’s CCH Tagetik Dominates Financial Consolidation Survey 24, Leading in Eleven Key Categories

(IN BRIEF) Wolters Kluwer’s CCH Tagetik® expert solution has secured top rankings across eleven categories in The Financial Consolidation Survey 24, a prestigious annual report by BARC, showcasing its excellence in functionality, financial reporting, and value. Ralf Gärtner, Senior Vice … Read the full press release

Saint-Gobain’s Commitment to Sustainability: Advancing Low-Carbon Cement Technologies

(IN BRIEF) Saint-Gobain Construction Chemicals is ramping up efforts to advance low-carbon cement and concrete technologies, aiming to foster growth and sustainability in the construction sector. Key partnerships with startups like Fortera and established players like Ecocem demonstrate the company’s … Read the full press release

Adyen’s Innovation and Vision Highlighted in Forrester’s Merchant Payment Providers Assessment

(IN BRIEF) Adyen, a leading global financial technology platform, has been recognized in The Forrester Wave™ Merchant Payment Providers, Q1 2024 report. Adyen received the highest score in six categories, including vision and innovation. Praised for its seamless payment solutions … Read the full press release

Nagarro and Mercedes-Benz’s Acentrik Forge Partnership for Web3 Advancements

(IN BRIEF) Nagarro, a global digital engineering leader, has partnered with Acentrik, a strategic product of Mercedes-Benz, to advance Web3 innovation with Acentrik Version 3.0. Acentrik specializes in white-label data marketplaces, enhancing data value chains with privacy-preserving features. Nagarro’s role … Read the full press release

Rheinmetall AG Continues Growth Trajectory with Record Earnings and Order Backlog

(IN BRIEF) Rheinmetall AG, headquartered in Düsseldorf, has achieved record earnings and order backlog figures in fiscal year 2023, continuing its growth trajectory. The company’s focus on the defence sector, particularly amid a changed threat situation in Europe, has led … Read the full press release

DNV Supports MYTILINEOS in Achieving Financial Close for Munna Creek Solar Farm

(IN BRIEF) DNV provided crucial technical due diligence services to MYTILINEOS, enabling the successful financial close of the Munna Creek solar project in Queensland, Australia. With an installed capacity of 150 MWp and main offtakers including Telstra and National Broadband, … Read the full press release

AFRY Spearheads Germany’s Clean Energy Transition with SuedOstLink Cable Planning

(IN BRIEF) AFRY has been appointed as the technical advisor by 50Hertz, the transmission system operator, for the critical SuedOstLink project, a key grid expansion endeavor to accelerate Germany’s energy transition. The project involves planning a 540-kilometer underground cable, set … Read the full press release

Driving Green Growth: HeavyFinance Secures €50 Million to Drive Sustainable Agriculture in Europe

(IN BRIEF) HeavyFinance announces a €50 million fundraising for a private credit fund aimed at supporting European agricultural SMEs with tailored finance solutions to advance decarbonization efforts. With the EIF committing €20 million as a cornerstone investor and support from … Read the full press release

EIF and 123 IM Partner to Boost Sustainable Financing for French SMEs

(IN BRIEF) The European Investment Fund (EIF), supported by the InvestEU programme, has entered a portfolio guarantee agreement of €10.5 million with 123 Investment Managers (123 IM) to facilitate up to €15 million in new financing for small businesses and … Read the full press release

From Kitchen to Corporation: Maya Kuvakova’s Journey to Success

(IN BRIEF) Maya Kuvakova’s entrepreneurial journey began in a small kitchen in the Kyrgyz Republic, where she crafted dumplings to support her family while on maternity leave. Today, her company, Maminy retsepty, stands as a major producer of semi-finished foods … Read the full press release