Category Archives: Business

Business Press Releases & News distributed via EuropaWire

Schneider Electric recognized for its digital transformation journey

(PRESS RELEASE) RUEIL-MALMAISON, 5-Aug-2020Y — /EuropaWire/ — European multinational company active in the fields of digital transformation of energy management and automation Schneider Electric has announced it has climbed two spots in 2020’s Gartner Supply Chain Top 25: Europe Top … Read the full press release

Leadec to acquire electrical engineering firm based in strategically important electromobility location

(PRESS RELEASE)STUTTGART/ BRANDENBURG AN DER HAVEL, 4-Aug-2020 — /EuropaWire/ — Stuttgart based leader in technical services for the automotive and manufacturing industries Leadec has announced it will acquire Precis Maschinen und Anlagen Service GmbH based in Brandenburg an der Havel … Read the full press release

Siemens AG on Varian acquisition by Siemens Healthineers: a transformational step of this kind wouldn’t have been possible in Siemens AG’s old conglomerate structure

Transformational milestone in execution of Siemens’ Vision 2020+ strategy Siemens Healthineers intends to acquire 100 percent stake in U.S. healthcare company at a purchase price of around $16.4 billion Acquisition to create global leader in cancer research and therapeutics and … Read the full press release

Henkel to acquire a 75 percent stake in the company that owns the fast-growing premium direct-to-consumer brands: Hello Body, Banana Beauty and Mermaid+Me

Further expanding digital D2C platforms in the beauty segment Leveraging 1:1 relationships to capture superior consumer insights Adding strong digital capabilities and unique brand building expertise (PRESS RELEASE) DÜSSELDORF, 31-Jul-2020 — /EuropaWire/ — German chemical and consumer goods company Henkel … Read the full press release

Digi Communications N.V. announces the publishing of Independent Limited Assurance Report issued by the external auditor of the Company on 30 July 2020 regarding the information included in the current reports issued by the Company under Law 24/2017 (Article 82) and FSA Regulation no. 5/2018

(PRESS RELEASE) BUCHAREST, Romania, 30-Jul-2020 — /EuropaWire/ — Digi Communications N.V. (“Digi” or the “Company”) announces that on July 30, 2020, the Independent Limited Assurance Report issued by the external auditor of the Company on 30 July 2020 regarding the … Read the full press release

Telefónica and Axiata partner over cybersecurity, cloud, IoT/Big Data

The two companies join forces in a strategic partnership under the Telefónica Partners Program The agreement leverages on the companies’ footprints in Asia, Europe and Latin America and the growing demand of these services in these regions It focuses on … Read the full press release

New Customer Data Platform Options Emerge During Pandemic Slowdown: CDP Institute Report

CDP Institute Logo New

(PRESS RELEASE) SWARTHMORE, PA, U.S.A., 28-Jul-2020 — /EuropaWire/ — The Customer Data Platform industry continued to grow in the first half of 2020, but at a slower pace as cautious buyers absorbed pandemic-related budget cuts and assessed new entries from … Read the full press release

Digi Communications N.V. announces The Competition Council authorized the economic concentration accomplished by the Company’s Romanian subsidiary („RCS&RDS”) by gaining control over some of the assets held by Akta Telecom S.A., Digital Cable Systems S.A. and ATTP Telecommunications S.R.L.

(PRESS RELEASE) BUCHAREST, Romania, 27-Jul-2020 — /EuropaWire/ — The Company would like to inform its investors and the market that on July 24, 2020, the Competition Council issued the decision no. 38/21.07.2020 („RCC Decision”), authorising the economic concentration acomplished by RCS&RDS … Read the full press release

Sika in 1H2020: Despite COVID-19 growth in local currencies; focus on cash flow and liquidity; more favorable market conditions expected in 2H2020

Sales growth of 2.9% in local currencies to CHF 3,614.6 million (–3.2% in CHF) High negative currency effect of –6.1% (impact of minus CHF 225 million in sales and CHF 29 million in EBIT) Maintained high EBITDA margin of over … Read the full press release

Unilever 1H-2020: business demonstrates resilience; cash flow up; dividend maintained

(PRESS RELEASE) LONDON, 23-Jul-2020 — /EuropaWire/ — British-Dutch multinational consumer goods company Unilever has announced its results for the first half of 2020, which show that overall underlying sales declined 0.1%, with developed markets up 2.4% and emerging markets down … Read the full press release

Rio Tinto Diamonds: despite unprecedented challenges due to COVID-19 pandemic the company safeguards the livelihoods of many in the industry

(PRESS RELEASE) LONDON, 23-Jul-2020 — /EuropaWire/ — Leading global metals and mining corporation Rio Tinto has announced it continued to produce and market its diamonds throughout the challenges posed by the COVID-19 pandemic. Rio Tinto, 100 per cent owner of … Read the full press release

Iberdrola 1H-2020: €1.84 billion net profit; reaffirms its guidance for the end of the year

(PRESS RELEASE) BILBAO, 22-Jul-2020 — /EuropaWire/ — Spanish multinational electric utility company Iberdrola has announced its first half of 2020 results including guidance for the entire 2020. Commenting on the results, Ignacio Galán, CEO of Iberdrola, said that the company … Read the full press release

Covestro announces the extension of contract of Board Member and CFO Dr. Thomas Toepfer until 2026

(PRESS RELEASE) LEVERKUSEN, 20-Jul-2020 — /EuropaWire/ — German producer of specialty chemicals, Covestro AG announces the decision of its Supervisory Board to extend the contract of Board of Management member Dr. Thomas Toepfer earlier than scheduled by five years from … Read the full press release

Arkema acquires high-performance thermobonding adhesive powders specialist Fixatti

(PRESS RELEASE) COLOMBES, France, 20-Jul-2020 — /EuropaWire/ — Specialty chemicals and advanced materials company, Arkema announces the proposed acquisition of Fixatti, a company specialized in high-performance thermobonding adhesive powders. The acquisition is part of Bostik’s targeted growth strategy in high … Read the full press release

Aviva sells 76% shareholding in Friends Provident International Limited (“FPIL”) to International Financial Group Limited (“IFGL”) for £259 million

(PRESS RELEASE) LONDON, 16-Jul-2020 — /EuropaWire/ — British multinational insurance company, Aviva plc (“Aviva”) announces the closing of the sale of Friends Provident International Limited (“FPIL”) to RL360 Holding Company Limited (“RL360”), a subsidiary of International Financial Group Limited (“IFGL”). … Read the full press release

Total 2019 dividend: 62% of rights were exercised in favour of receiving the payment for the final 2019 dividend in shares

(PRESS RELEASE) PARIS, 14-Jul-2020 — /EuropaWire/ — French energy group Total has announced the results of the option to receive the final 2019 dividend in shares. The company’s shareholders meeting which was held on May 29, 2020, offered the option … Read the full press release

New fully integrated telecommunications operator in Australia now formed: Vodafone Hutchison Australia Pty Limited (VHA) and TPG Telecom Limited (TPG) merger completed

(PRESS RELEASE) BERKSHIRE, 13-Jul-2020 — /EuropaWire/ — British multinational telecommunications company Vodafone Group Plc has announced that the merger between Vodafone Hutchison Australia Pty Limited (VHA) and TPG Telecom Limited (TPG) have now been completed. The newly formed entity will … Read the full press release

Promozione Alberghiera and MARR unveil operational plan to help hoteliers make a better use of the tax credit called The Holiday Bonus

(PRESS RELEASE) RIMINI, 10-Jul-2020 — /EuropaWire/ — Italy’s largest hotels cooperative Promozione Alberghiera and MARR S.p.A., a major distributor of food products for out-of-home food consumption controlled by the Cremonini Group, have announced a solution aimed at helping tourist operators … Read the full press release

Mono and Brandify partner to bring appointment booking to local businesses

(PRESS RELEASE) COPENHAGEN, 10-Jul-2020 — /EuropaWire/ — Mono Solutions announces their partnership with Brandify, the leader in local presence for multi-location brands, to bring appointment booking to local businesses across North America. With more than 20 years of experience providing … Read the full press release

EQT Infrastructure IV’s Asia Pacific Village Group Limited to acquire Metlifecare, major retirement villages operator

APVG, an entity owned by EQT Infrastructure has entered into a new Scheme Implementation Agreement to acquire 100 percent of Metlifecare’s shares The transaction consideration of NZD 6.00 per share gives a total consideration of approximately NZD1.3 billion Metlifecare’s largest … Read the full press release