Category Archives: Financial

Financial Press Releases & News distributed via EuropaWire

Advancements in Vision Preservation: Boehringer Ingelheim’s Breakthrough in Geographic Atrophy Treatment

(IN BRIEF) Boehringer Ingelheim and CDR-Life have reported positive results from the Phase I trial of BI 771716, an investigational treatment for geographic atrophy (GA), a severe form of age-related macular degeneration. The antibody fragment met its primary safety endpoints, … Read the full press release

Basilea Pharmaceutica Reaches Milestone with Strong European Sales of Cresemba®

(IN BRIEF) Basilea Pharmaceutica Ltd announced that its antifungal drug, Cresemba® (isavuconazole), achieved significant sales in Europe, triggering a USD 25 million milestone payment from partner Pfizer. This achievement highlights Cresemba’s strong performance in treating severe fungal infections. The milestone … Read the full press release

Digi Communications N.V. announced that its Spanish subsidiary, Digi Spain Telecom S.L.U., has completed the first stage of selling a Fibre-to-the-Home (FTTH) network in 12 Spanish provinces

(IN BRIEF) Digi Communications N.V. announced that its Spanish subsidiary, Digi Spain Telecom S.L.U., has completed the first stage of selling a Fibre-to-the-Home (FTTH) network in 12 Spanish provinces. This sale is part of a deal with Sota Investments Spain … Read the full press release

EIF Injects €35 Million into Adara Ventures Energy Fund to Propel Clean Energy Innovations

(IN BRIEF) On 5 September 2024, the European Investment Fund (EIF) announced a €35 million investment in Adara Ventures’ newly launched Energy Fund. With a target size of €120 million, the fund aims to support early-stage companies specializing in technologies … Read the full press release

Herzegovina Bridge Inaugurated: New Landmark Boosts Connectivity and Economic Integration in the Balkans

(IN BRIEF) The Herzegovina Bridge, a significant infrastructure project in Bosnia and Herzegovina, was inaugurated on September 5, 2024. Spanning nearly 1 kilometer across the Neretva River, this new bridge, part of the Corridor Vc route, aims to enhance connectivity, … Read the full press release

Oxford Hosts Pioneering Africa Venture Capital Summit to Drive Tech Innovation and Gender Diversity

(IN BRIEF) The Africa Venture Finance Programme (AVFP) will take place at Oxford University’s Saïd Business School from September 9 to 13, 2024. This event will bring together 44 leading African and Africa-focused venture capital fund managers to advance the … Read the full press release

Logicor Reports Strong Half-Year Results, Emphasizes Growth and Sustainability Initiatives

(IN BRIEF) Logicor, a major player in European logistics real estate, reported strong financial results for the first half of 2024. The company saw a 2.6% increase in Net Operating Income (NOI) to €357 million and a 3.2% rise in … Read the full press release

Pharrell Williams Teams with LEGO for ‘Over the Moon’ Set, Promoting Creativity and Inclusivity in Play

(IN BRIEF) Pharrell Williams has teamed up with the LEGO Group to launch a new LEGO set called “Over the Moon,” which features a space shuttle with a golden canopy and a vibrant jet stream. This collaboration aims to inspire … Read the full press release

Henkel and 4JET Launch Loctite LASER-FIT: A Breakthrough in Quiet Tire Technology for Electric Vehicles

(IN BRIEF) Henkel and 4JET have unveiled a new technology called Loctite LASER-FIT, designed to produce ultra-quiet tires specifically for electric vehicles (EVs). This innovative process integrates acoustic foam directly into the tire during manufacturing, significantly reducing both production costs … Read the full press release

Strategic Expansion in Data Centre Consulting: i3 Solutions Group Joins Forces with Ramboll

(IN BRIEF) Ramboll has acquired i3 Solutions Group, a UK and Singapore-based data centre consulting firm, strengthening its global presence in data centre consulting. This acquisition, following Ramboll’s 2022 purchase of EYP Mission Critical Facilities, expands its expertise in strategy, … Read the full press release

Vattenfall Sets Ambitious 100% Recycling Target for Wind Turbine Magnets, Enhancing Sustainability Efforts

(IN BRIEF) Vattenfall has announced a new sustainability goal to ensure 100% circular recycling of permanent magnets from its wind turbines, starting with decommissioned units from 2030. This initiative aims to address the environmental and supply challenges associated with rare … Read the full press release

Essity and ANDRITZ Unveil New Eco-Friendly Steam System for Stubbins Mill

(IN BRIEF) Essity has partnered with ANDRITZ to install a PrimeDry YES (Yankee Eco Steam System) at its Stubbins mill in England. Scheduled to begin operations in late 2024, this system will generate up to 25% of the steam needed … Read the full press release

ESA’s Sentinel-2C Satellite Launched to Enhance Earth’s Environmental Monitoring

(IN BRIEF) On September 5, 2024, the European Space Agency successfully launched the Sentinel-2C satellite from Kourou, French Guiana, aboard a Vega rocket. This marks the third satellite in the Sentinel-2 constellation, part of the EU’s Copernicus Earth observation program. … Read the full press release

Infodas Joins Forces with Airbus to Bolster Cybersecurity Capabilities Across Defence and Aerospace Sectors

(IN BRIEF) Airbus Defence and Space has completed its acquisition of infodas, a German cybersecurity firm specializing in IT solutions for the public sector, including defense and critical infrastructure. This acquisition, now finalized with all regulatory approvals, aims to strengthen … Read the full press release

Beiersdorf Teams Up with Macro Biologics to Advance Biodegradable Antimicrobial Peptides for Enhanced Skin Care and Healthcare Solutions

(IN BRIEF) Beiersdorf and Macro Biologics have announced a multi-year partnership to develop biodegradable antimicrobial peptides, aimed at advancing skin care and healthcare solutions. The collaboration will utilize Macro Biologics’ advanced antimicrobial technology, known as Amicidins, which targets a broad … Read the full press release

Vattenfall Wins UK Contracts to Boost Renewable Energy with 100 MW Wind and Solar Projects

(IN BRIEF) On September 4, 2024, Vattenfall announced it has secured Contracts for Difference (CfD) for two significant renewable energy projects in the UK. The Clashindarroch II onshore wind farm and the Kemberton solar farm will collectively add 100 MW … Read the full press release

Wieland Group Enhances North American Operations with Acquisition of Aurubis Buffalo Facility

(IN BRIEF) Wieland Group, a leading manufacturer of copper and copper alloy products based in Ulm, Germany, has acquired Aurubis AG’s Buffalo site in New York. The sale, completed on August 30, 2024, involves a facility with around 500 employees … Read the full press release

Aurubis Unveils Advanced Recycling Plant in Belgium, Boosting Metal Recovery and Sustainability Efforts

(IN BRIEF) Aurubis has inaugurated its new Advanced Sludge Processing by Aurubis (ASPA) plant in Beerse, Belgium. This €33 million facility, developed in-house, enhances the recovery of tin and precious metals from anode sludges, a by-product of copper refining. The … Read the full press release

Hyogo Pulp Industries Upgrades Sustainability and Efficiency with ANDRITZ’s Advanced DD-Washer Technology

(IN BRIEF) Hyogo Pulp Industries has launched a new drum displacer washer, the DD-Washer, at its Tanigawa pulp mill with technology provided by ANDRITZ. This upgrade is part of the company’s efforts to enhance production efficiency and sustainability. The new … Read the full press release

AI Breakthrough Unveils New Viral Protein Structures, Paving the Way for Enhanced Vaccine Development

(IN BRIEF) Scientists at the MRC-University of Glasgow Centre for Virus Research and the University of Sydney have utilized advanced AI technologies, specifically AlphaFold and ESMFold, to map the protein structures of numerous viruses from the Flaviviridae family, which includes … Read the full press release

SiliconAuto Chooses Siemens’ PAVE360 to Fast-Track ADAS SoC Development

(IN BRIEF) SiliconAuto, a semiconductor joint venture between Stellantis and Foxconn, has adopted Siemens’ PAVE360™ software to accelerate the development of its Advanced Driver-Assistance Systems (ADAS) System on a Chip (SoC). By utilizing PAVE360, SiliconAuto aims to create a virtual … Read the full press release

Cleareye.ai and Lloyds Bank Forge Groundbreaking Partnership to Modernize Trade Finance with AI

(IN BRIEF) Cleareye.ai has partnered with Lloyds Bank to enhance trade finance operations through advanced AI technology. Starting this month, Lloyds Bank will use Cleareye.ai’s ClearTrade platform, which employs optical character recognition (OCR), machine learning, and natural language processing to … Read the full press release

Siemens Mobility to Overhaul Europe’s Largest Light Rail System in €180 Million Digital Upgrade

(IN BRIEF) Siemens Mobility has been awarded a €180 million contract by Ruhrbahn GmbH to modernize Europe’s largest light rail interlocking system in Essen and Mülheim an der Ruhr. By 2031, the project will replace outdated relay interlockings with advanced … Read the full press release

Siemens Leads Financial Innovation with New €300 Million Blockchain Bond Issuance

(IN BRIEF) Siemens has issued a €300 million digital bond using blockchain technology, continuing its leadership in digital finance. This new bond, with a one-year maturity, was settled through SWIAT’s private blockchain and the Bundesbank Trigger Solution, significantly speeding up … Read the full press release

Plzeňský Prazdroj Becomes First Major Tenant at Logicor’s New Příšovice Logistics Hub

(IN BRIEF) Logicor has announced the first major tenant for its new development in Příšovice: Plzeňský Prazdroj, the Czech Republic’s largest beer producer. The company has leased 7,500 square meters at the facility, which will serve as its regional distribution … Read the full press release

Telefónica, Ericsson, and MATSUKO Bring Holographic Calls to Smartphones with Revolutionary IMS Integration

(IN BRIEF) Telefónica, Ericsson, and MATSUKO have successfully demonstrated the integration of holographic calls directly into smartphone dialer apps using IMS (IP Multimedia Subsystem) Data Channel technology. This Proof-of-Concept enables real-time holographic communication without the need for additional apps, showcasing … Read the full press release

Germany Honors Freddie Mercury with Commemorative Postage Stamp

(IN BRIEF) Germany’s Deutsche Post has honored Freddie Mercury, the legendary Queen frontman, with a commemorative postage stamp as part of its “Legends of Pop/Rock Music” series. The stamp, which features an iconic image of Mercury on stage with a … Read the full press release

Scout24 Appoints Gertrud Kolb as CTO to Lead AI and Tech Innovations at ImmoScout24

(IN BRIEF) Scout24 SE, the company behind the digital real estate platform ImmoScout24, has appointed Gertrud Kolb as its new Chief Technology Officer (CTO). With over 20 years of experience in technology and product management, Kolb will be responsible for … Read the full press release

Knorr-Bremse TruckServices Showcases Advanced Solutions at Automechanika 2024, Paving the Way for a Smarter Aftermarket

(IN BRIEF) At the Automechanika 2024 event, Knorr-Bremse TruckServices is unveiling an array of future-focused solutions to enhance the digitization of the commercial vehicle aftermarket. Key highlights include new dealer and workshop partnership concepts, an optimized diagnostics solution, and a … Read the full press release

DEUTZ Expands Apprenticeship and Dual Study Programs to Nurture Future Talent

(IN BRIEF) DEUTZ has welcomed 47 new apprentices at its Cologne, Ulm, and Herschbach sites, including the reintroduction of commercial apprenticeships after 14 years. The company has also launched a dual study program in partnership with FOM University and HSD … Read the full press release

Symrise Strengthens Future of Natural Ingredients with Innovative Sustainable Sourcing Strategy

(IN BRIEF) Symrise has launched a sustainable sourcing initiative to ensure the long-term availability of natural ingredients for the food and beverage industry. In response to climate change, geopolitical challenges, and increasing demand for eco-friendly products, Symrise has implemented a … Read the full press release

ServiceNow and CANCOM Partner to Accelerate AI-Driven Digital Transformation for DACH Mittelstand

(IN BRIEF) ServiceNow and CANCOM have formed a strategic partnership to deliver AI-driven digital solutions for mid-sized businesses in Germany, Austria, and Switzerland (DACH region). The collaboration aims to enhance productivity, efficiency, and cost optimization for the Mittelstand by integrating … Read the full press release

Bechtle Expands with Acquisition of Neu-Ulm IT Firm s.i.g., Strengthening Presence in Key Industrial Region

(IN BRIEF) Bechtle AG has acquired s.i.g. System Informations Gesellschaft mbH, an IT system house based in Neu-Ulm, Germany. The acquisition strengthens Bechtle’s position in the Ulm economic region and enhances its industrial IT capabilities for the manufacturing industry. With … Read the full press release

CTS EVENTIM Enhances Payment Experience with Tink’s Pay by Bank Service Across Europe

(IN BRIEF) CTS EVENTIM, a leading ticketing service and live entertainment provider, has partnered with Tink to introduce the Pay by Bank feature for a faster and more secure payment process. This service allows users to pay directly from their … Read the full press release

Volvo Unveils Electric Truck with 600 km Range, Pioneering Long-Distance Zero-Emission Transport

(IN BRIEF) Volvo Trucks is set to launch a groundbreaking electric truck capable of driving up to 600 km on a single charge, marking a significant advancement in long-distance, zero-emission transport. This new model, the Volvo FH Electric, will be … Read the full press release

Bouygues UK to Build Sustainable St John’s CE Academy in Oxfordshire

(IN BRIEF) Bouygues UK has been awarded a £28.2 million contract by the Department for Education to build the new St John’s CE Academy secondary school in Grove, Oxfordshire. The school will serve 600 students and will be the first … Read the full press release

Logicor and Kryalos SGR Expand Milan Logistics Hub with New Sustainable Facility

(IN BRIEF) Logicor, a major European logistics real estate company, and Kryalos SGR, an asset management firm, have acquired a 51,000 sqm site in Fara Gera D’Adda, near Milan, to develop a state-of-the-art 25,000 sqm logistics facility. This acquisition aligns … Read the full press release

Evonik Switches to 100% Renewable Energy for ROHACELL® Foam Production, Cutting 3,400 Tons of CO2 Annually

(IN BRIEF) Evonik has upgraded the production of its ROHACELL® high-performance foams at the Darmstadt site to use 100% renewable energy. This transition is expected to reduce the company’s CO2 emissions by 3,400 metric tons annually. The move is part … Read the full press release

Evonik Unveils New Sustainable Emollients Plant to Meet Rising Demand in Eco-Friendly Beauty Industry

(IN BRIEF) Evonik has opened a new production plant in Steinau, Germany, to increase its capacity for producing sustainable cosmetic emollients. The plant uses an enzymatic process that significantly reduces the climate footprint of these essential cosmetic ingredients. This expansion … Read the full press release

MAHLE Aftermarket Unveils ‘Workshop Heroes’ Campaign to Celebrate Auto Mechanics

(IN BRIEF) MAHLE Aftermarket has launched the “MAHLE Workshop Heroes” campaign to honor auto mechanics as the unsung heroes of the automotive industry. The campaign, inspired by blockbuster movies, features cinematic-themed posters like “The Thermonator” and “The Filter and the … Read the full press release