Category Archives: Business

Business Press Releases & News distributed via EuropaWire

Gutermann and Deutsche Telekom Partner to Enhance Water Supply Networks with Acoustic Leak Detection using NB-IoT Technology

(IN BRIEF) Gutermann, a Swiss company specializing in leak detection, has partnered with Deutsche Telekom to provide intelligent connectivity for water supply infrastructures. The solution uses acoustic leak detection with noise loggers installed in the pipe networks, which send noise … Read the full press release

Akiem Orders 15 More Vectron Locomotives from Siemens to Enhance European Rail Transportation

(IN BRIEF) Akiem, a leading European rolling stock leasing company, has placed an order for 15 Vectron AC and Vectron MS locomotives from Siemens Mobility. The order is part of a framework agreement signed in December 2021 and adds to … Read the full press release

Dutch Racer Demi Vollering Triumphs as Škoda Sponsors Second Edition of Tour de France Femmes avec ZWIFT

(IN BRIEF) The second edition of the Tour de France Femmes avec ZWIFT concluded with Dutch racer Demi Vollering emerging as the overall winner. The points classification was won by Belgian Lotte Kopecky, who received a green trophy made of … Read the full press release

ENTSO-E Annual Report 2022 Highlights TSOs’ Commitment to a Carbon-Neutral Europe

(IN BRIEF) The ENTSO-E Annual Report 2022 provides comprehensive information about the activities and products developed by the Member Transmission System Operators (TSOs) from January to December 2022. The report highlights their efforts in implementing legal mandates and Pan-European tasks … Read the full press release

Glencore to Acquire Majority Stake in Argentina’s MARA Project from Pan American in $475 Million Deal

(IN BRIEF) Glencore International AG (Glencore) and Pan American Silver Corp. have agreed for Glencore to acquire the 56.25% stake in the MARA Project located in Argentina from Pan American. The deal involves Glencore paying $475 million in cash and … Read the full press release

TX Logistik AG to Become Second Largest Freight Operator in Germany with Acquisition of Exploris Group

(IN BRIEF) TX Logistik AG, a subsidiary of FS Italiane Group’s Logistics Business Units, has signed a purchase agreement to acquire Exploris Deutschland Holding GmbH Hamburg, a European rail freight transportation company. This acquisition will make TX Logistik the second … Read the full press release

Polish Navy Commences Construction of Advanced Signals Intelligence Ships with Saab and Remontowa Partnership

(IN BRIEF) The keel laying ceremony for the first of two new Polish signals intelligence (SIGINT) ships was held at Remontowa Shipbuilding S.A. in Gdansk, Poland. Saab was awarded the contract to design and produce the SIGINT ships for the … Read the full press release

Evonik’s Climate Targets Confirmed by Science-Based Initiative, Paving the Way for Sustainable Growth

(IN BRIEF) Evonik’s climate targets have been scientifically verified and confirmed by the independent Science Based Targets initiative (SBTi), aligning with the Paris Agreement’s goal of limiting global warming. The company aims to reduce greenhouse gas emissions by 25% by … Read the full press release

Schroders Welcomes Annette Thomas as Independent Non-executive Director, Bids Farewell to Outgoing Director

(IN BRIEF) Schroders plc has announced the appointment of Annette Thomas as an Independent Non-executive Director, effective from September 1, 2023. Annette has a distinguished career in leading global publishing and data analytics businesses, with expertise in information, data, education, … Read the full press release

DNV Assists Actis in Inaugural Acquisition of Japan-Focused Renewables Fund with Due Diligence Expertise

(IN BRIEF) DNV, a global independent energy expert and assurance provider, has provided due diligence services to Actis GP LLP, a sustainable infrastructure investor, for their inaugural acquisition of a new Japan-focused renewables infrastructure fund. Actis acquired HERGO Japan Energy’s … Read the full press release

Elogen Partners with Valmax for 2.5 MW PEM Electrolyser to Produce Green Hydrogen in South Korea

(IN BRIEF) Elogen, a company within the GTT group, has entered into a contract with Valmax Technology Corporation to design and manufacture a Proton Exchange Membrane (PEM) electrolyser with a power of 2.5 MW. The electrolyser will have a production … Read the full press release

HELLENiQ ENERGY Secures €766 Million Financing Deal for Expanding Renewable Energy Portfolio in Greece

(IN BRIEF) HELLENiQ ENERGY’s subsidiary, HELLENiQ Renewables, has signed a financing framework agreement of up to €766 million with National Bank of Greece S.A. and Eurobank S.A. The agreement aims to implement multiple financing arrangements for electricity generation from Renewable … Read the full press release

Microbiologist Receives £676,580 NERC Grant to Investigate Dormant Bacteria Behind Cholera Outbreaks

(IN BRIEF) Dr. Sariqa Wagley, a microbiologist at the University of Exeter, has been awarded a £676,580 NERC Independent Research Fellowship to investigate dormant bacteria causing cholera and gastroenteric outbreaks. The research will focus on Vibrio species, responsible for human … Read the full press release

New App Links Carbon Emissions to Melting Arctic Sea Ice, Revealing Impact on Global Warming

(IN BRIEF) A new app developed by Arctic Basecamp, in collaboration with Earthrise Media, uses AI and ClimateTRACE data to reveal the impact of global carbon emissions on rapidly melting Arctic sea ice. The app allows users to input a … Read the full press release

CAF MiiRA and Euskotren Join Forces to Quiet Trains and Enhance Rail Travel Experience

(IN BRIEF) CAF MiiRA, a leading supplier of comprehensive wheelset solutions for the railway industry, is collaborating with Euskotren, a prominent transportation operator in Euskadi, to reduce train noise by testing innovative wheel soundproofing systems. The goal is to minimize … Read the full press release

Anglo American Names John Heasley as New Finance Director to Drive Financial Strategy and Sustainable Mining Initiatives

(IN BRIEF) Anglo American plc has appointed John Heasley as Finance Director, effective by the end of 2023. Heasley currently serves as the Chief Financial Officer of The Weir Group PLC, a global engineering company. He will join Anglo American’s … Read the full press release

Anglo American Reports Interim Results with 41% Decrease in EBITDA Amid Challenging Market Conditions

(IN BRIEF) Anglo American reported its interim financial results for the first half of 2023, showing a 41% decrease in underlying EBITDA, largely due to weaker product prices. Despite macro headwinds, the company is on track to achieve its full-year … Read the full press release

VERBUND Reports Strong Financial Results in Q1-Q2 2023, Continues Renewable Energy Expansion

(IN BRIEF) VERBUND, an energy company, reported strong financial results for the first half of 2023, with a significant increase in EBITDA and Group result compared to the previous year. The improvement was attributed to falling wholesale gas and electricity … Read the full press release

EIF and Banco Santander Partner to Support SMEs with €200 Million Guarantee for Green and Digital Innovations

(IN BRIEF) The European Investment Fund (EIF) and Banco Santander have signed an InvestEU portfolio guarantee agreement worth €200 million to support small and medium-sized enterprises (SMEs) and small mid-caps in Spain and other EU countries. With this guarantee, Banco … Read the full press release

CERN’s AWAKE Accelerator Enters Second Phase with Upgraded Plasma Source, Paving the Way for Novel Particle Acceleration Method

(IN BRIEF) AWAKE, a plasma accelerator at CERN, is gearing up for its second phase of data taking with an upgraded plasma source. The accelerator utilizes plasma wakefield acceleration, a novel method that accelerates particles by riding on waves created … Read the full press release