Category Archives: Business

Business Press Releases & News distributed via EuropaWire

Continental Engineering Services Names Jean-Michel Verdier as New Managing Director

(IN BRIEF) Continental Engineering Services (CES) has appointed Jean-Michel Verdier as its new Managing Director, effective from September 1, 2023. Verdier, an engineering professional with extensive experience in the automotive industry, takes over from Dr. Christoph Falk-Gierlinger, who served in … Read the full press release

Continental to Showcase Innovative Smart Farming Solutions at Agritechnica 2023

(IN BRIEF) Continental, a technology company, is set to unveil its latest smart farming solutions at Agritechnica 2023, under the theme “Our Smart Farming. For your harvest of tomorrow.” These solutions include AI-based systems, autonomous mobile robot solutions, sensors, and … Read the full press release

Infineon Strengthens IoT and Automotive Portfolio with Acquisition of UWB Pioneer 3db Access AG

(IN BRIEF) Infineon Technologies AG has successfully acquired Zurich-based startup 3db Access AG, a leading provider of secured low-power Ultra-Wideband (UWB) technology. 3db is already recognized as a preferred IP provider for major automotive brands. This acquisition represents a significant … Read the full press release

Voith Hydro Invests in Upgrading Flagship U.S. Hydropower Manufacturing Facility to Support Clean Energy Growth

(IN BRIEF) Voith Hydro is making significant investments in its North American manufacturing facility located in York, Pennsylvania. These investments involve the acquisition of cutting-edge machinery, including a Pietro Carnaghi AP 120 TM Vertical Turning Lathe (VTL) and a PAMA … Read the full press release

Roche’s Evrysdi Shows Promise in Pre-Symptomatic SMA Babies, Potentially Changing the Course of the Disease

(IN BRIEF) Roche has reported positive outcomes from the RAINBOWFISH study, an investigation into the efficacy and safety of Evrysdi® (risdiplam) in babies with pre-symptomatic spinal muscular atrophy (SMA). The study, which included 26 infants aged from birth to six … Read the full press release

Henkel Unveils Universal Heat Seal Coating, Loctite Liofol HS 1181, Enhancing Efficiency and Safety in Packaging

(IN BRIEF) Henkel has introduced Loctite Liofol HS 1181, a universal heat seal coating designed to simplify and enhance safety in food packaging production. Traditionally, manufacturers have needed various heat seal coatings to ensure performance and safety, adding complexity and … Read the full press release

University of Dundee Hosts Inaugural Green Careers Event to Promote Sustainability in Employment

(IN BRIEF) The University of Dundee is organizing its first-ever Green Careers Event on October 9, aimed at allowing employers to showcase their commitment to environmental sustainability to students and graduates. The event is a response to student demands for … Read the full press release

Associated British Ports (ABP) Explores Offshore Wind Infrastructure Development in Cromarty Firth

(IN BRIEF) Associated British Ports (ABP) has unveiled plans to investigate the potential development of infrastructure in the Cromarty Firth, Scotland, to support offshore wind (OSW) manufacturing, assembly, and marshalling, as well as green energy initiatives. This area, located within … Read the full press release

Sanofi and Teva Collaborate on Inflammatory Bowel Disease Treatment, TEV’574, in $1.5 Billion Deal

(IN BRIEF) Sanofi and Teva Pharmaceuticals have announced a collaboration to co-develop and co-commercialize TEV’574, a promising asset currently in Phase 2b clinical trials for the treatment of Ulcerative Colitis and Crohn’s Disease, both forms of inflammatory bowel disease (IBD). … Read the full press release

Atos Appoints Yves Bernaert as CEO to Lead Transformation Plan

(IN BRIEF) Atos’s Board of Directors has named Yves Bernaert as the new Chief Executive Officer (CEO) of the Atos Group, effective immediately. Bernaert’s appointment comes as the company completes its internal operational separation into two separate entities. He brings … Read the full press release

Skanska Secures $85 Million Contract for Ambulatory Care Cancer Center in New Jersey

(IN BRIEF) Skanska has entered into an additional contract with RWJBarnabas Health to construct a new ambulatory care cancer center in Livingston, New Jersey, USA. The contract, valued at USD 85 million (approximately SEK 900 million), will be part of … Read the full press release

Sandoz Group Lists Shares on SIX Swiss Exchange with CHF 10.3 Billion Market Capitalization

(IN BRIEF) Sandoz Group AG, a Novartis spin-off, officially listed its shares at the SIX Swiss Exchange. With an opening share price of CHF 24.00, the market capitalization of Sandoz reached approximately CHF 10.3 billion. Sandoz’s issued share capital consists … Read the full press release

World Bank, EBRD, and EIB Strengthen Cooperation in Internal Audit Oversight

(IN BRIEF) The World Bank Group Internal Audit (GIA), European Bank for Reconstruction and Development Department of Internal Audit (EBRD-IA), and European Investment Bank Internal Audit Department (EIB-IA) have signed memoranda of understanding to enhance collaboration, particularly in information exchange, … Read the full press release

T-Systems Achieves Google Cloud Premier Partner Status and Security Specialization

(IN BRIEF) T-Systems, the IT business customer division of Deutsche Telekom, has secured Premier Partner status in the Sell and Service Engagement Model with Google Cloud, the highest possible partner level, and earned the prestigious Security Specialization for its Google … Read the full press release

Green Electricity Deal: Iberdrola and TMD Friction Services Join Forces

(IN BRIEF) Iberdrola and TMD Friction Services have signed a 15-year contract for the supply of green electricity. Iberdrola will provide approximately 50 GWh of clean energy per year to cover over 50% of TMD’s electricity demand in Germany starting … Read the full press release

Felix Haar Takes Charge of UniCredit Bank Austria’s Corporate Banking Business in Salzburg

(IN BRIEF) Effective from October 1, 2023, Felix Haar has assumed the role of Regional Director for Salzburg, responsible for UniCredit Bank Austria’s corporate banking business in the region. He succeeds Hartmut Staltner, who will transition to working on strategic … Read the full press release

AF Gruppen Secures SEK 134 Million Contract for Busör Sewage Treatment Plant Modernization

(IN BRIEF) AF Gruppen, a construction and engineering company, has been awarded a contract worth SEK 134 million (excluding VAT) for the construction and modernization of the Busör sewage treatment plant in Halmstad municipality. The project, undertaken as a turnkey … Read the full press release

Sika Unveils ‘Beyond the Expected’ Strategy 2028 with Aggressive Growth and Sustainability Goals

(IN BRIEF) Sika, a leading construction and industrial chemicals company, has presented its new Strategy 2028, titled “Beyond the Expected,” during its Capital Markets Day in Zurich. The strategy builds upon the company’s successful growth model and aims to further … Read the full press release

Viasat Launches ‘Viasat Beyond: Space’ Competition to Inspire the Next Generation of UK Space Innovators

(IN BRIEF) Viasat, a global leader in satellite communications, has initiated the ‘Viasat Beyond: Space’ competition aimed at nurturing the future generation of engineers, artists, scientists, and space enthusiasts in the UK. This competition targets students in years 12 and … Read the full press release

University-Led Defence Data Research Centre and The Alan Turing Institute Collaborate on Machine Learning for Toxin Exposure Identification

(IN BRIEF) The Defence Data Research Centre (DDRC), led by the University of Exeter and funded by the Defence Science and Technology Laboratory (Dstl), conducted its inaugural Data Study Group in collaboration with The Alan Turing Institute. This collaborative research … Read the full press release