Category Archives: Business

Business Press Releases & News distributed via EuropaWire

Stadler Showcases Future of Rail Transport at InnoTrans 2024

(IN BRIEF) At InnoTrans 2024, Stadler will unveil a range of innovative rail solutions, including the zero-emission RS ZERO, the CITYLINK tram-train, and the bi-mode Class 99 locomotive. Highlights also include new underground trains for Berlin and battery-powered FLIRT Akku … Read the full press release

Strøm Gundersen Vestfold Secures Contract for Larvik Health Park Construction

(IN BRIEF) JVH Eiendom has awarded Strøm Gundersen Vestfold, a subsidiary of AF Gruppen, a NOK 125 million contract (excluding VAT) to design and construct the Larvik Health Park. The project includes a four-story health center with a parking basement, … Read the full press release

Vanessa Hellwing to Succeed Norbert Nettesheim as CFO of ANDRITZ AG in 2025

(IN BRIEF) Vanessa Hellwing has been appointed to the Executive Board of ANDRITZ AG starting January 1, 2025, and will assume the role of Chief Financial Officer (CFO) on March 28, 2025. She will succeed Norbert Nettesheim, who is retiring … Read the full press release

€50 Million EIB Loan to Boost Solar Energy Capacity in Spain with Five New Plants

(IN BRIEF) The European Investment Bank (EIB) and Matrix Renewables have secured a €50 million green loan to develop five new solar photovoltaic plants in Castilla y Leon and Extremadura, Spain, with a total capacity of 240 MW. This project, … Read the full press release

S&P Global and Accenture Partner to Advance Generative AI in Financial Services

(IN BRIEF) S&P Global and Accenture have partnered to advance generative AI in the financial services industry. This includes launching a comprehensive AI learning program for S&P Global’s workforce and enhancing AI development and benchmarking solutions. The collaboration aims to … Read the full press release

Digi Communications N.V. announces Investors Call for the presentation of the H1 2024 Financial Results

(IN BRIEF)Digi Communications N.V. will host a conference call on 14 August 2024 at 14:00 UK time / 16:00 EEST (Romania time) to discuss its unaudited H1 2024 financial results. The results will be published the same day at 08:00 … Read the full press release

Safran Electronics & Defense Expands U.S. Manufacturing for Small Satellite Propulsion Systems

(IN BRIEF) Safran Electronics & Defense is expanding its U.S. manufacturing capabilities for small satellite propulsion systems to meet growing market demand. The new Colorado facility will produce the EPS®X00 system, with first deliveries in Q1 2026, supporting both American … Read the full press release

VINCI Highways Launches Peru’s First Self-Service Automated Toll Booths

(IN BRIEF) VINCI Highways, through Lima Expresa, has launched Peru’s first self-service automated toll booths for digital payments. Following a successful pilot program, 14 additional booths will be deployed, reducing payment times and improving traffic flow at Lima’s toll plazas. … Read the full press release

VARD Signs Contract for Advanced Energy Construction Vessel for Wind Energy Construction AS

(IN BRIEF) VARD, a subsidiary of the Fincantieri Group, has signed a contract to design and build an advanced Energy Construction Vessel (ECV) for Wind Energy Construction AS, with delivery slated for Q2 2027. The vessel, built at Vard Vung … Read the full press release

NORMA Group Secures Contract for Energy Storage Facility in Germany

(IN BRIEF) NORMA Group has secured a contract to supply V-band clamps for a German energy storage facility, supporting the cooling system of large stationary batteries. The contract, valued at EUR 2.4 million, spans from 2024 to 2028, providing between … Read the full press release

Continental Executive Board Evaluates Spin-Off of Automotive Group

(IN BRIEF) Continental is evaluating a spin-off of its Automotive group sector to create two independent companies, aiming to unlock greater value and growth potential. A decision is expected in late 2024, with the spin-off planned for completion by the … Read the full press release

Perspectief 2024/2025: Call for Proposals to Foster Technological Innovations

(IN BRIEF) The Perspectief financing instrument invites researchers, companies, and civil-society organizations to submit proposals for collaborative research projects focused on technological innovations. Key changes include reduced co-financing requirements and updated key technologies. Deadlines are in October 2024, November 2024, … Read the full press release

New Study Reveals Extensive Plant Life in Antarctica, Revolutionizing Conservation Efforts

(IN BRIEF) A groundbreaking study led by an international team, including SAMS, has mapped plant life across Antarctica, revealing nearly 45 square kilometers of vegetation. This discovery, published in Nature Geoscience, will inform conservation efforts and challenge perceptions of Antarctica … Read the full press release

Evonik’s MACBETH Project: A New Era in Chemical Industry Innovation

(IN BRIEF) Evonik’s MACBETH project marks a revolutionary advancement in the chemical industry. The team, led by Robert Franke, installed a demonstration plant at the Marl Chemical Park, showcasing innovative research cast in steel and iron. This project highlights significant … Read the full press release

Sainsbury’s Enhances Shopping Experience with NCR Voyix Technology Partnership

(IN BRIEF) Sainsbury’s has partnered with NCR Voyix in a seven-year agreement to enhance its shopping experience and support its business strategy. The partnership involves upgrading 22,500 checkouts with advanced NCR Voyix technology, including AI-powered self-checkout systems and real-time analytics. … Read the full press release

Johnson Controls Finalist in Empire Technology Prize for Innovative Low Carbon Heat Pump Solution

(IN BRIEF) Johnson Controls has been named a finalist in the Empire Technology Prize for its innovative heat pump solution, designed to advance low carbon heating in tall buildings. The system uses ultra-low GWP refrigerant and is expected to save … Read the full press release

Tubulis Recognized as One of 2024’s “Fierce 15” Biotechnology Companies by Fierce Biotech

(IN BRIEF) Tubulis has been named one of 2024’s “Fierce 15” biotechnology companies by Fierce Biotech. This recognition celebrates Tubulis’ innovative work in ADC development and its commitment to improving cancer treatment outcomes. With significant recent advancements, including a €128 … Read the full press release

Elmos Semiconductor SE Welcomes New Apprentices and Dual Students to Shape High-Tech Future

(IN BRIEF) Elmos Semiconductor SE has welcomed 10 new apprentices and four dual students at its Dortmund location, bringing the total to 43. The company offers a range of technical and commercial apprenticeship programs, along with dual study options. Elmos … Read the full press release

DBAG Invests in UNITY AG to Enhance Digital Transformation and Consulting Services

(IN BRIEF) Deutsche Beteiligungs AG (DBAG) is acquiring a controlling interest in UNITY AG, a leading consultancy in technology and digital transformation, aiming to leverage UNITY AG’s strong market position and growth potential. The deal, pending regulatory approval, is expected … Read the full press release

TotalEnergies to Sell 50% Stake in TPPL to Gunvor Group, Maintaining Brand Presence in Pakistan

(IN BRIEF) TotalEnergies is selling its 50% stake in Total PARCO Pakistan Limited (TPPL) to Gunvor Group. TPPL, a joint venture with Pak-Arab Refinery Limited (PARCO), operates over 800 service stations and has fuel logistics and lubricants activities in Pakistan. … Read the full press release