Category Archives: Business

Business Press Releases & News distributed via EuropaWire

Novo Nordisk’s Bid for BIOCORP Set at 35.00 Euros per Share, Totaling 154 Million Euros

(IN BRIEF) Novo Nordisk A/S is in exclusive negotiations to acquire a controlling stake in BIOCORP Production SA, a French company specializing in medical device design and manufacturing. The acquisition would be followed by a mandatory tender offer for all … Read the full press release

Kuehne+Nagel Expands Perishables Logistics Services with Acquisition of Morgan Cargo

(IN BRIEF) Kuehne+Nagel, a global logistics and supply chain solutions provider, has announced its agreement to acquire Morgan Cargo, a prominent freight forwarder specializing in perishable goods transportation in South Africa, the UK, and Kenya. Morgan Cargo managed over 40,000 … Read the full press release

Abu Dhabi Welcomes First Annual Meeting of Global XR Management Community, Hosted by INSEAD

(IN BRIEF) INSEAD, a leading business school, hosted the first Annual Meeting of the Global XR Management Community with support from the Abu Dhabi Department of Education and Knowledge (ADEK). The event brought together 42 academics from 24 international institutions … Read the full press release

SSAB and Fortum Collaborate on FEED Study for Fossil-Free Sponge Iron Production in Finland

(IN BRIEF) Steel manufacturer SSAB and energy company Fortum are collaborating on a FEED (Front-End Engineering Design) study to investigate the potential for producing hydrogen-reduced sponge iron on an industrial scale in Raahe, Finland. This initiative is an extension of … Read the full press release

Increasing Popularity of MAN Lion’s City E: MAN Truck & Bus Leads the Transition to E-Mobility

(IN BRIEF) MAN Truck & Bus is driving the transition to sustainable mobility with its popular all-electric city buses, the MAN Lion’s City E. These buses have gained popularity across Europe for their reliability, range, and comfort. More public transport … Read the full press release

Bayer and Acuitas Therapeutics Join Forces for Targeted Gene Editing Delivery

Not intended for U.S. and UK Media (IN BRIEF) Bayer AG has partnered with Acuitas Therapeutics, Inc. to enhance its gene therapy portfolio. Acuitas’ lipid nanoparticle (LNP) delivery technology will enable targeted and efficient delivery of gene editing RNA components … Read the full press release

Multilateral Development Banks Collaborate on Circular Economy Transition at WCEF 2023

(IN BRIEF) Multilateral Development Banks (MDBs) including the AfDB, EBRD, EIB, IDB, and World Bank met at the World Circular Economy Forum (WCEF) 2023 in Helsinki to discuss the circular economy for the first time. They emphasized the role of … Read the full press release

SSAB’s Oxelösund Mill to Lead Fossil-Free Steel Production Following Investment Decision

(IN BRIEF) SSAB, a leading steel producer, has made an investment decision for the green transformation of its Oxelösund mill in Sweden. This decision marks a significant step towards SSAB’s goal of producing steel without carbon emissions. The investment will … Read the full press release

Innovative Partnership: Ahlstrom and Terre de Couleur Unveil Biodegradable Hair Cap

(IN BRIEF) Ahlstrom and Terre de Couleur have partnered to introduce a biodegradable and reusable hair cap made from fiber-based materials as an eco-friendly alternative to traditional plastic caps. The cap, utilizing Ahlstrom’s Genuine Vegetable Parchment (GVP) paper, is composed … Read the full press release

Heineken Announces Leadership Changes: Stacey Tank to Depart, Joanna Price to Assume Chief Corporate Affairs Role

(IN BRIEF) Stacey Tank, Chief Transformation and Corporate Affairs Officer at Heineken N.V., has decided to leave the company to rejoin her family in the United States due to her child’s illness. Her role will be taken over by Joanna … Read the full press release

Alstom Appoints Laurent Bazin to Lead Electric Locomotives Assembly Plant in Kazakhstan

(IN BRIEF) Alstom has appointed Laurent Bazin as the General Director for EKZ (Electric Locomotives Assembly Plant) in Astana, Kazakhstan. With extensive experience in supply chain and procurement roles, Laurent has contributed significantly to Alstom over the years. In his … Read the full press release

Outokumpu Spearheads Circular Economy Transformation in Steel Industry with Inner Circle Initiative

(IN BRIEF) Outokumpu, a leading stainless steel manufacturer, has launched a groundbreaking initiative called Outokumpu Inner Circle to strengthen the circular economy in Europe. The program, unveiled at the World Circular Economy event in Helsinki, aims to create a closed … Read the full press release

Bayer and Cedilla Therapeutics Partner to Develop Targeted Cancer Therapies

Not intended UK Media (IN BRIEF) Bayer and Cedilla Therapeutics have entered into an exclusive license agreement to develop and commercialize Cedilla’s CyclinE1/CDK2 complex inhibitors for precision oncology. These inhibitors target oncogenic drivers and offer a unique method of action, … Read the full press release

Vaisala Xweather’s Lightning Detection Network Turns 40, Decreasing Lightning-Related Deaths in the U.S.

(IN BRIEF) Vaisala Xweather is celebrating the 40th anniversary of its U.S. National Lightning Detection Network (NLDN), which has been instrumental in protecting Americans from lightning hazards. Over the past four decades, lightning-related deaths in the United States have decreased … Read the full press release

Yara International Strengthens Leadership Team with EVP Appointment for Global Plants & Operational Excellence

(IN BRIEF) Yara International ASA, a global crop nutrition company, has announced an executive management change. Johan Labby will take on the role of EVP Global Plants & Operational Excellence starting from July 1, 2023. Pål Hestad will step down … Read the full press release

MAHLE GmbH Implements Board Rotation with Addition of Key Members

(IN BRIEF) MAHLE GmbH has undergone a rotation of its 20-member Supervisory Board, with newly elected representatives joining the board. Professor Dr.-Ing. Achim Kampker, founder and chair of Production Engineering of E-Mobility Components (PEM) at RWTH Aachen University, was elected … Read the full press release

Electrification Advancements: Volvo Penta and FTMH Forge Ahead in Forklift Industry

(IN BRIEF) Volvo Penta and FTMH have expanded their partnership to include the development of electric forklifts. FTMH, an Italian heavy equipment manufacturer, will work closely with Volvo Penta to electrify various forklift models. The collaboration demonstrates the success of … Read the full press release

KPN Welcomes New Members to Supervisory Board and Board of Management

(IN BRIEF) KPN, the telecommunications company, held an Extraordinary General Meeting of Shareholders where the appointment of Ms. Marga de Jager to the Supervisory Board was approved. Ms. De Jager replaces Ms. Chantal Vergouw, who will now join the Board … Read the full press release

Fortum Signs MoU with KHNP to Enhance Safety and Efficiency of Nuclear Power Plants

(IN BRIEF) Fortum and Korea Hydro & Nuclear Power Co., Ltd. (KHNP) have signed a memorandum of understanding (MoU) to strengthen their collaboration in the field of nuclear power. The MoU covers cooperation and information exchange on future nuclear power … Read the full press release

InvestEU Program Facilitates Access to Finance for Portuguese SMEs through Caixa Geral de Depósitos and EIF Agreement

(IN BRIEF) Caixa Geral de Depósitos (CGD) and the European Investment Fund (EIF) have signed an agreement to provide up to €378 million in new credit lines for Portuguese small and medium-sized enterprises (SMEs). Supported by the InvestEU program, the … Read the full press release