Category Archives: Business

Business Press Releases & News distributed via EuropaWire

Safran: contemplated merger of Zodiac Aerospace and Safran expected to be completed before the end of 2018

PARIS, 05-Jun-2018 — /EuropaWire/ — Governing bodies of Safran and Zodiac Aerospace and the employee representatives at the two companies were informed of an envisaged merger of the entities via the absorption of Zodiac Aerospace by Safran. The contemplated merger is … Read the full press release

Infront acquires leading European obstacle course event organiser XLETIX GmbH

Investment in leading niche player and owner of XLETIX Challenge and Muddy Angel Run builds on personal and corporate fitness strategy ZUG, 05-Jun-2018 — /EuropaWire/ — Infront today announced the acquisition of leading European obstacle course event organiser XLETIX GmbH … Read the full press release

Hexagon announces acquisition of AutonomouStuff

STOCKHOLM, 04-Jun-2018 — /EuropaWire/ — Hexagon AB, a global leader in digital solutions, announces the acquisition of AutonomouStuff, one of the world’s leading suppliers of integrated autonomous vehicle solutions. Founded in 2010, US-based AutonomouStuff is pioneering turn-key platforms for autonomous vehicle … Read the full press release

Triton successfully completes sale of Ovako AB to Nippon Steel & Sumitomo Metal Corporation

STOCKHOLM/ TOKYO, Japan, 04-Jun-2018 — /EuropaWire/ — Funds advised by Triton (“Triton”) have successfully completed the sale of Ovako AB (“Ovako”), a leading European producer of engineering steel to, Nippon Steel & Sumitomo Metal Corporation (“NSSMC”), one of the world’s largest … Read the full press release

BMT Nigel Gee and Oceanco create new naval architecture and engineering company

LONDON, 04-Jun-2018 — /EuropaWire/ — UK-based BMT Nigel Gee and Dutch- based superyacht builder Oceanco have signed a strategic partnership for the formation of a new naval architecture and engineering company—Lateral Naval Architects Ltd. Lateral will provide high quality naval … Read the full press release

EY Power transactions and trends Q1 2018: power and utilities deals reach all-time quarter high

Power and utilities deal value hits all-time quarter high of US$97b in Q1 2018 71% of sector executives expect to see a rise in deal activity within the next year Almost half (49%) of all sector deals announced in Q1 … Read the full press release

Snam completes acquisition of an 82% controlling stake in TEP Energy Solution following antitrust clearance

San Donato Milanese (Milan), 02-Jun-2018 — /EuropaWire/ — Following antitrust clearance, Snam completed today the acquisition of an 82% controlling stake in TEP Energy Solution (TEP), one of Italy’s leading enterprises in the energy efficiency sector, for a total consideration of … Read the full press release

Coatings manufacturer Hempel A/S to acquire 65 percent of decorative paint manufacturer J.W. Ostendorf

Global manufacturer of coatings, Hempel, sees tremendous growth in the market for decorative paint. Kongens Lyngby, Denmark, 02-Jun-2018 — /EuropaWire/ — Hempel A/S has signed an agreement to acquire* 65 percent of one of Germany’s leading manufacturers of decorative paint, J.W. … Read the full press release

Inmarsat’s European Aviation Network (EAN) inflight wifi solution will be available for the business aviation market by January 2019

Award-winning solution developed with Deutsche Telekom will offer unprecedented connectivity to business jets, with commercial service expected by early 2019 LONDON, 02-Jun-2018 — /EuropaWire/ — Inmarsat (LON: ISAT), the world’s leading provider of global mobile satellite communications, announced today that its … Read the full press release

Inmarsat’s market-leading Jet ConneX business aviation inflight wifi service now installed and activated on 275 business jets worldwide

Impressive milestone reached after next-generation service is selected by the world’s leading business jet manufacturers as a preferred linefit option LONDON, 02-Jun-2018 — /EuropaWire/ — Inmarsat (LON: ISAT), the world’s leading provider of global mobile satellite communications, announced today that its … Read the full press release

Credit Suisse subsidiary SVC Ltd. for Risk Capital for SMEs strengthens its commitment in MedTech field with investment in start-up Ava AG

Company impresses with scientifically based ovulation tracker and underlying business model ZURICH, 31-May-2018 — /EuropaWire/ — Credit Suisse subsidiary SVC Ltd. for Risk Capital for SMEs, founded in 2010, provides Swiss SMEs and start-up companies with a total of CHF 130 million … Read the full press release

Deutsche Börse to acquire GTX’s ECN business from GAIN Capital Holdings Inc. for 100 million US dollars

FRANKFURT, 31-May-2018 — /EuropaWire/ — Deutsche Börse has reached a definitive agreement to acquire GTX’s ECN business from GAIN Capital Holdings Inc. for 100 million US dollar. With this transaction Deutsche Börse Group’s foreign exchange unit 360T expands its participation … Read the full press release

Digi Communications NV: The closing of the acquisition by the Company’s Hungarian subsidiary, DIGI Távközlési és Szolgáltató Kft., of the Hungarian telecommunications operator Invitel Távközlési Zrt.

BUCHAREST, Romania, 30-May-2018 — /EuropaWire/ — The Company would like to inform its shareholders that, as a result of the completion of the conditions to closing provided in the share-purchase agreement (“SPA”) signed on 21 July 2017 between DIGI Távközlési … Read the full press release

DNV GL publishes its fourth annual PV Module Reliability Scorecard report

PV module test results improve, yet significant failures persist BERKELEY, California, U.S., 29-May-2018 — /EuropaWire/ — DNV GL, the world’s largest resource of independent energy experts and certification body, today published its fourth annual PV Module Reliability Scorecard report, the most … Read the full press release

Total launches Zinia 2 deep offshore development in Block 17, Angola

PARIS, 29-May-2018 — /EuropaWire/ — Total and its partners have taken the final investment decision to launch the Zinia 2 deep offshore development in Block 17, 150 kilometers offshore Angola. The Zinia 2 project will have a production capacity of … Read the full press release

Rolls-Royce expands engine family for business aviation with the introduction of the Pearl

Pearl engine will power the new Bombardier Global 5500 and Global 6500 aircraft Westhampnett, United Kingdom, 29-May-2018 — /EuropaWire/ — Rolls-Royce announces the launch of a new engine family for business aviation, with the introduction of the Pearl. The engine … Read the full press release

Assicurazioni Generali SpA opens a new (re)insurance branch dedicated to the Employee Benefits business in Luxembourg

TRIESTE, 29-May-2018 — /EuropaWire/ — In line with the strategic objectives of the Generali Group to consolidate its leadership in the Employee Benefits (EB) sector, Assicurazioni Generali SpA announces the setup of a new Branch in the Grand Duchy of … Read the full press release

U.K. home delivery business Milk & More orders 200 electric vehicles from Deutsche Post subsidiary StreetScooter

Milk deliveries are set to become quieter and more environmentally friendly BONN/LONDON, 28-May-2018 — /EuropaWire/ — What do the British milkman and the German mail carrier have in common? Answer: Both are an institution in their respective countries, and both … Read the full press release

Digi Communications NV Stock option plan meant for the employees and officers of Digi Spain S.L.U. and conditional stock options granted to certain Romanian directors and employees

BUCHAREST, Romania, 25-May-2018 — /EuropaWire/ — Digi Communications NV (The Company) would like to inform the market and its investors that it approved the implementation of a stock option plan to the benefit of the officers and employees of Digi Spain … Read the full press release

Vattenfall awarded a contract from Facebook to provide wind integration and balancing services for three new wind projects in southwest Norway

Solna Municipality, Sweden, 25-May-2018 — /EuropaWire/ — Vattenfall and Facebook have signed long-term supply and service agreements for integrating the output of three new Norwegian wind projects into the electric grid that provides power to Facebook’s Nordic data centres in Odense, … Read the full press release