Category Archives: Business

Business Press Releases & News distributed via EuropaWire

Xavier Dedullen appointed Senior VP, Chief Legal Officer and Head of Legal Affairs & Compliance at Ericsson

Xavier Dedullen is appointed Senior Vice President, Chief Legal Officer and Head of Group Function Legal Affairs & Compliance, and member of Ericsson’s Executive Team, effective April 1, 2018 Erik Ekudden, Chief Technology Officer, is appointed Senior Vice President, Chief … Read the full press release

Ericsson to modernize and expand Melita network as it moves towards 5G

Leading Maltese network service provider, Melita, selects Ericsson to modernize and expand its network and prepare for 5G Next-generation services and capabilities to significantly improve user experience Agreement includes Ericsson Radio System (ERS); modernization and expansion of Ericsson virtual Evolved … Read the full press release

Ericsson, Vertiv and NorthStar to form the Ericsson Energy Alliance

The alliance comprises Ericsson, Vertiv and NorthStar – with more members to follow Service providers will benefit from the cost-efficient, environmental and sustainability aspects offered by this partnership The alliance addresses the service providers’ needs on radio site evolution towards … Read the full press release

Atos and Siemens to accelerate their joint innovation and investment program

Successful strategic cooperation with Atos, which started in 2011, to be further expanded  Joint innovation and investment program extended by an additional €100 million, totaling €330 million  Joint order intake of € 2.5 billion to date, overachieving all expectations  Ambition … Read the full press release

Carmeuse and GP Group subsidiary Golden Lime PLC acquires Saraburi Quicklime, Thailand’s fourth largest lime company

Deal signals first ever acquisition among lime producers in Thailand  Bangkok, Thailand, 27-Mar-2018 — /EuropaWire/ — Golden Lime Public Company Limited (SET: SUTHA), a subsidiary of the Carmeuse and GP Group announced today the acquisition of a 99.9% stake in … Read the full press release

Symrise will present its products at agrofood in Lagos, Nigeria from March 27 to 29, 2018

The company exhibits at the Nigeria agrofood trade show Products for customers in West Africa Holzminden, Germany, 26-Mar-2018 — /EuropaWire/ — Symrise is boosting its operations in the West African market. The global supplier of fragrances and flavorings will present its … Read the full press release

Siemens Gamesa AGM: shareholders approve FY 2017 financials; ratified the company’s management since the merger

Tacke underscored the company’s commitment to Spain and, specifically, the Basque region, home to Siemens Gamesa’s headquarters  “The rationale of our merger brings us a great competitive advantage, unlocking our size and scale; our unmatched business and geographic diversification; our … Read the full press release

Kuehne + Nagel extends overland pharma cross dock platform in Contern, Luxembourg

Extension of the European overland pharma cross dock platform in Luxembourg for more frequent departures and faster transit times Complete coverage to all European destinations Enhanced real time monitoring solutions for temperature sensitive pharma shipments Contern, Luxembourg, 26-Mar-2018 — /EuropaWire/ … Read the full press release

BT to close its defined benefit pension scheme

Future pension benefits for active BT Pension Scheme members to move to an enhanced defined contribution scheme BT agrees with Communication Workers Union to establish a ‘hybrid’ pension scheme, combining elements of both defined benefit and defined contribution schemes Changes … Read the full press release

Rio Tinto launches bond purchase and redemption plan for up to $2.25 billion

LONDON, 22-Mar-2018 — /EuropaWire/ — Rio Tinto will use some of its surplus liquidity to further reduce gross debt, today launching a bond purchase and redemption plan for up to $2.25 billion. Under the plan, Rio Tinto has issued redemption notices … Read the full press release

Rio Tinto to sell its entire interests in Hail Creek coal mine and Valeria coal development project in Australia to Glencore

LONDON, 22-Mar-2018 — /EuropaWire/ — Rio Tinto has entered into a binding agreement with Glencore for the sale of its entire interests in the Hail Creek coal mine and the Valeria coal development project in Queensland, Australia, for $1.7 billion. The … Read the full press release

New management appointments at CACEIS’s Private Equity division

PARIS, 21-Mar-2018 — /EuropaWire/ — CACEIS’s specialised Private Equity division has experienced massive growth over the past few years due to the group’s strategy of heavy investment in market-leading software, highly-attractive services such as bridge financing facilities, and its skilled … Read the full press release

UK Gov to improve corporate governance framework and ensure the highest standards of behaviour in those who lead and control companies in insolvency

Government plans to improve the UK’s corporate governance framework to ensure the UK remains one of the best places to start and grow a business. Directors selling companies recklessly to face tough new sanctions including fines and disqualification Creditors could have … Read the full press release

Telenor sells its assets in Central and Eastern Europe (CEE) to PPF Group for EUR 2.8 billion

Fornebu, Norway, 21-Mar-2018 — /EuropaWire/ — Telenor has entered into an agreement to sell its assets in Central and Eastern Europe (CEE) to PPF Group for EUR 2.8 billion (around NOK 27 bn) on an enterprise value basis. The Board of … Read the full press release

Saint-Gobain to acquire Logli Massimo, Italian leader in glass systems and accessories

Courbevoie, France, 20-Mar-2018 — /EuropaWire/ — Saint-Gobain has acquired Italian company Logli Massimo, the specialist in glass systems and accessories for the fixing and assembly of glass panels, in particular for railings, shower doors, partition walls and interior and exterior doors. … Read the full press release

Hydro to expand the scope of SGW’s mandate and to launch an internal audit of Alunorte refinery

Hydro expands the scope of the ongoing independent review of Alunorte by Brazilian environmental consultancy SGW Services to include all interfaces with areas adjacent to the refinery operation. Hydro’s Internal Audit will conduct a full review of all licenses, complementing … Read the full press release

Wärtsilä to acquire Transas, global market leader in marine navigation solutions

HELSINKI, 20-Mar-2018 — /EuropaWire/ — The technology group Wärtsilä is to acquire Transas, a global company headquartered in the U.K. The move will speed Wärtsilä along its path towards its Smart Marine Ecosystem vision. Established in 1990, Transas is a global market leader … Read the full press release

H. Lundbeck A/S to acquire Prexton Therapeutics BV for EUR 100 million upfront and up to EUR 805 million in development and sales milestones paid later

Lundbeck will make an upfront payment of EUR 100 million and the deal terms also include up to EUR 805 million in development, regulatory and sales milestones Foliglurax is a first-in-class treatment which entered clinical phase II testing in Parkinson’s … Read the full press release

Hexagon AB to acquire US based software company for the heavy civil construction industry

STOCKHOLM, 19-Mar-2018 — /EuropaWire/ — Hexagon AB, a leading global provider of information technology solutions, announced today the acquisition of AGTEK, a leading US based software company specialising in planning and productivity solutions for the heavy civil construction industry. With headquarters in Livermore, California, … Read the full press release

Icade Promotion and REI Habitat to step up wood construction in France

PARIS, 19-Mar-2018 — /EuropaWire/ — On March 14, 2018, Icade Promotion and REI Habitat signed a co-development partnership agreement with respect to several wood-based construction projects over the next few years in the Paris region and major French cities. Their goals … Read the full press release