Category Archives: Business

Business Press Releases & News distributed via EuropaWire

Vattenfall’s Norfolk Offshore Wind Zone Sold to RWE for £963 Million

(IN BRIEF) Vattenfall has agreed to sell the Norfolk Offshore Wind Zone to RWE for £963 million, ensuring the continued development of three wind farms off the east coast of England. The Norfolk Zone, with a total capacity of 4.2 … Read the full press release

Fincantieri’s Vard Secures €230 Million Contract to Build Cable-Laying Vessel for Prysmian Group

(IN BRIEF) Vard, a subsidiary of the Fincantieri Group, has secured a contract worth approximately €230 million from Prysmian Group, a global leader in energy and telecoms systems, to design and build a cable-laying vessel. This vessel, the third in … Read the full press release

Underwater IoT Breakthrough: Fincantieri and WSense Sign Collaboration Agreement

(IN BRIEF) Fincantieri, a leading shipbuilding company, and WSense, a specialist in underwater monitoring and communication systems, have signed a Memorandum of Understanding (MoU) to collaborate in the field of Underwater Internet of Things (UIoT). This partnership will explore various … Read the full press release

VINCI Railways’ SEA Fund Backs 26 Initiatives for Sustainable Regional Transformation

(IN BRIEF) The SEA Fund for the transition of territories, backed by LISEA and MESEA, subsidiaries of VINCI Railways, has chosen 26 projects to support the agro-ecological transformation of regions affected by the South Europe Atlantic high-speed line (SEA HSL). … Read the full press release

AFRY Facilitates ENGIE’s Sicilian and Sardinian Wind Farms, Advancing Italy’s Green Transition

(IN BRIEF) AFRY, an international engineering and consulting company, has assisted ENGIE in the construction of two wind farms, Rampingallo and Porto Torres, located in Sicily and Sardinia, Italy. These wind farms, with a combined power output of 60 MW, … Read the full press release

Accenture Strengthens Marketing Transformation in Indonesia with Jixie Acquisition

(IN BRIEF) Accenture has announced its acquisition of Jixie, a media and marketing technology company, to enhance its marketing transformation capabilities. Jixie’s intelligent digital marketing platform and team will be integrated into Accenture Song, Accenture’s tech-powered creative group, to offer … Read the full press release

Diversity Boost: Tamara Weinert’s Nomination for BASF Supervisory Board

(IN BRIEF) BASF SE’s Supervisory Board has nominated Tamara Weinert (58), currently President and CEO of Business Area Americas at Outokumpu in the United States, as a shareholder representative on the Supervisory Board. The election is scheduled for the Annual … Read the full press release

Adapting to New Priorities: BASF SE’s Executive Board Realignment

(IN BRIEF) BASF SE, a global chemicals and materials company, has announced strategic changes in the responsibilities of its Board of Executive Directors. Dr. Stephan Kothrade will take on additional roles as Chief Technology Officer and oversee Group Research, effective … Read the full press release

BASF Unveils New Leadership Team as Dr. Martin Brudermüller Steps Down

(IN BRIEF) BASF SE, a global chemicals and materials company, has unveiled a succession plan for its Board of Executive Directors. Dr. Markus Kamieth will become Chairman of the Board, succeeding Dr. Martin Brudermüller, effective April 25, 2024. Anup Kothari … Read the full press release

Equinor and Shell Approve Sparta Project to Boost Gulf of Mexico Production

(IN BRIEF) Equinor and Shell Offshore Inc. have jointly made the final investment decision for the Sparta deepwater development in the US Gulf of Mexico. Equinor holds a 49 percent stake in the project, which is expected to produce up … Read the full press release

Orange Business Fortifies Position as Digital Integrator with Expertime Deal

(IN BRIEF) Orange Business has acquired Expertime, a Microsoft technology solutions specialist, to bolster its digital services and strengthen its position as a leading network and digital services integrator in Europe. Expertime’s expertise in Microsoft technologies, especially in public cloud, … Read the full press release

SGS Farmingdale Laboratory Receives US Coast Guard Approval for Flammability Testing

(IN BRIEF) SGS’s flammability testing laboratory in Farmingdale, New York, has received approval from the United States Coast Guard (USCG) as an Accepted Independent Laboratory. This accreditation allows SGS to offer a comprehensive range of flammability testing, inspection, and certification … Read the full press release

Hexagon AB to Sell Tesa PMI Business to Hangzhou Great Star Industrial

(IN BRIEF) Hexagon AB, a leading provider of digital reality solutions, has announced an agreement to divest its Precision Measurement Instruments (PMI) business, known as Tesa, to Hangzhou Great Star Industrial Company Ltd. This move aligns with Hexagon’s strategic focus … Read the full press release

INEOS Inovyn Expands PVC Portfolio with Low Carbon and Recycled Products

(IN BRIEF) INEOS Inovyn has announced an expansion of its PVC portfolio, introducing new products designed to address society’s everyday needs with a reduced carbon footprint and increased recycled content. The company’s BIOVYNTM, a bio-attributed PVC, aims to become carbon-neutral, … Read the full press release

ZF Shifts Focus to Becoming a Premium Autonomous Driving Technology Supplier

(IN BRIEF) ZF, a technology company, has announced a change in its business model for the global shuttle business, opting to refocus on becoming a leading technology supplier for autonomous driving. The company has decided to abandon its previous goal … Read the full press release

Roche’s Xolair Nears FDA Approval for Reducing Allergic Reactions to Multiple Foods

(IN BRIEF) Roche has announced that the U.S. Food and Drug Administration (FDA) has accepted its supplemental Biologics License Application (sBLA) for Xolair® (omalizumab) under Priority Review. The sBLA is for the reduction of allergic reactions, including anaphylaxis, caused by … Read the full press release

SIX Launches ETF QOD Europe, Expanding Access to European ETF Markets

(IN BRIEF) SIX Swiss Exchange has introduced a new service extension to its Exchange Traded Funds (ETF) franchise called “Quote-on-Demand Europe” (QOD Europe). This innovative trading service allows clients to trade ETFs listed on primary exchanges like the London Stock … Read the full press release

ONS Reveals Unchanged Suicide Rates in England and Wales for 2022: Calls for Urgent Action

(IN BRIEF) The Office for National Statistics (ONS) has released data on suicides in England and Wales for the year 2022, highlighting the persistence of suicide rates that have remained largely unchanged for over two decades. In response to the … Read the full press release

Delft Bioengineering Institute Recognizes Outstanding MSc Graduates in Bioengineering

(IN BRIEF) The Delft Bioengineering Institute (BEI) has announced the winners of its annual cross-campus competition for MSc students who excelled in their graduation projects in bioengineering. In 2023, three students—Thomas Michalica, Linde Spoelstra, and Thomas Mooijman—stood out for their … Read the full press release

Delft Bioengineering Institute Funds Six Innovative Bioengineering Research Projects

(IN BRIEF) The Delft Bioengineering Institute (BEI) has selected six outstanding interdisciplinary research projects for funding in the field of bioengineering. These projects, which received €20,000 each, encompass a wide range of innovative topics, including the detection of tumor-derived DNA … Read the full press release