Category Archives: Financial

Financial Press Releases & News distributed via EuropaWire

trinamiX to Present Innovative Recycling Solutions at PRSA 2024 in Singapore

(IN BRIEF) trinamiX GmbH, a subsidiary of BASF specializing in mobile spectroscopy solutions, will showcase its innovative plastic and textile identification technologies at the Plastics Recycling Show Asia (PRSA) 2024 in Singapore on November 13-14. The company aims to highlight … Read the full press release

Siemens Agrees to Sell Airport Logistics Business to Vanderlande for €300 Million

(IN BRIEF) Siemens AG has reached an agreement to sell its Siemens Logistics division to Vanderlande, a company owned by Toyota Industries Corporation, for €300 million. This transaction is expected to close in 2025, pending regulatory approvals. Ralf P. Thomas, … Read the full press release

Crédit Agricole Leasing & Factoring Strengthens German Market Presence with Merca Leasing Acquisition

(IN BRIEF) Crédit Agricole Leasing & Factoring (CAL&F) has signed a Share Purchase Agreement to acquire Merca Leasing, a leading independent leasing company in Germany, pending regulatory approvals. This acquisition aligns with CAL&F’s strategy to enhance its presence in the … Read the full press release

Roche’s Itovebi Regimen Shows Significant Survival Benefits for HR-Positive Breast Cancer in Phase III Trial Results

(IN BRIEF) Roche announced the publication of pivotal phase III results for its Itovebi™ (inavolisib)-based regimen at the Clinical Trials in Alzheimer’s Disease congress, demonstrating a 57% reduction in the risk of disease progression or death in patients with HR-positive, … Read the full press release

Roche Showcases Advancements in Alzheimer’s Diagnostics at CTAD 2024

(IN BRIEF) At the CTAD 2024 congress in Madrid, Roche presented new data on its Elecsys® Amyloid Plasma Panel and Elecsys ptau181, demonstrating their effectiveness in diagnosing Alzheimer’s disease. The blood-based test showed a negative predictive value of 96.2% in … Read the full press release

Safran Aircraft Engines Announces New LEAP Engine MRO Facility in Morocco, Enhancing Local Workforce and Capacity

(IN BRIEF) At the Marrakech Air Show 2024, Safran Aircraft Engines announced several agreements with Moroccan partners to establish a new LEAP engine maintenance, repair, and overhaul (MRO) facility near Casablanca Mohammed V International Airport, set to begin operations in … Read the full press release

Stadler Partners with Metropolitano de Lisboa to Supply 24 New Metro Vehicles in Major Modernization Effort

(IN BRIEF) Stadler has signed a contract with Metropolitano de Lisboa for the supply of 24 new metro vehicles, with an option for 12 additional units, in a deal worth €134 million. This agreement, witnessed by key Portuguese officials, marks … Read the full press release

VINCI Construction to Acquire FM Conway Limited, Expanding Presence in the UK Public Works Sector

(IN BRIEF) VINCI Construction has announced its agreement to acquire FM Conway Limited, a leading public works company in the UK, as part of its strategy to strengthen its presence in the southeast England market. FM Conway, founded in 1961 … Read the full press release

EIB Group Reports Milestones of European Tech Champions Initiative at Madrid Event

(IN BRIEF) On October 30, 2024, the EIB Group showcased the progress of the European Tech Champions Initiative (ETCI) during an event in Madrid, emphasizing its role in supporting high-growth technology scale-ups across Europe. Since its launch in 2023, the … Read the full press release

Wiztrust Partners with Icade to Bolster Financial Information Security in French Real Estate

(IN BRIEF) Wiztrust, a leader in blockchain information certification, has partnered with Icade, a major player in the French real estate market, to implement its certification solution. This collaboration enhances Icade’s ability to verify the authenticity of its financial information, … Read the full press release

Terna’s Innovation Zone Forum in San Francisco Unites Energy Innovators for Sustainable Transition

(IN BRIEF) Terna, the Italian transmission system operator, hosted the Innovation Zone Forum in San Francisco, aimed at fostering collaboration in the energy sector. The two-day event gathered startups, investors, and energy leaders to discuss challenges and innovative technologies for … Read the full press release

Metso Launches CathodeSense+ System to Revolutionize Cathode Quality Control with Speed and Precision

(IN BRIEF) Metso Corporation has introduced the CathodeSense+, a new system designed for rapid and precise quality analysis of cathode stripping machines operating at high capacities. This advanced, stand-alone solution features high-resolution 3D scanning for enhanced cathode quality control and … Read the full press release

Ørsted Partners with Brookfield to Expand Renewable Energy Portfolio in UK Offshore Wind

(IN BRIEF) Ørsted has entered a partnership with Brookfield, resulting in Brookfield acquiring a 12.45% minority stake in four of Ørsted’s operational UK offshore wind farms—Hornsea 1, Hornsea 2, Walney Extension, and Burbo Bank Extension—totaling approximately 3.5 GW in capacity. … Read the full press release

GRAHAM Honors Anastasia Moretto with 10th Annual Harry McMullen Award for Civil Engineering Excellence

(IN BRIEF) Celebrating its tenth anniversary, the Harry McMullen Award was presented by GRAHAM to Anastasia Moretto for her outstanding contributions during her placement year with the GRAHAM Academy. Honored for her enthusiasm and commitment, Moretto reflected on the invaluable … Read the full press release

Continental’s German Plants Achieve ISCC PLUS Certification, Advancing Sustainable Material Goals for 2050

(IN BRIEF) Continental’s ContiTech facilities in Waltershausen and Eislingen have achieved ISCC PLUS certification, marking them as the first Continental plants in Germany to reach this sustainability standard. This certification allows Continental to integrate renewable and recycled materials into its … Read the full press release

Continental’s UltraContact NXT Wins Top Innovation Award for Sustainability in Tire Design

(IN BRIEF) Continental’s UltraContact NXT tire has been awarded the Future Tire & Rubber Award 2024 by the European Rubber Journal in the “Advanced Design: Tires” category. This recognition highlights the UltraContact NXT’s use of up to 65% sustainable materials, … Read the full press release

Rising Ocean Temperatures Threaten North Atlantic Seaweed Farms, Scientists Urge for Enhanced Resilience Measures

(IN BRIEF) Scientists from the Scottish Association for Marine Science (SAMS) warn that climate change may threaten key seaweed species in the North Atlantic, potentially reducing yields of cold-affiliated species like Alaria esculenta and Laminaria digitata by 2070. As ocean … Read the full press release

Digi Communications N.V. announces the conclusion of a Memorandum of Understanding by its subsidiary in Romania

(IN BRIEF) Digi Communications N.V. announced that its Romanian subsidiary, DIGI Romania S.A., has entered a memorandum of understanding (MoU) with OTE and Vodafone Romania regarding OTE’s divestment from Telekom Romania Mobile Communications (TKRM). The MoU outlines plans for DIGI … Read the full press release

Cogefeed Debuts on Euronext Growth Milan, Advancing its Renewable Energy Expansion

(IN BRIEF) Cogefeed has officially listed on the professional segment of Euronext Growth Milan, marking its entry as the 18th company on this market in 2024 and the 39th listing on Euronext overall this year. Known for its focus on … Read the full press release

Angelicoussis Group’s Maran Tankers Taps GTT for LNG Dual-Fuel Suezmax Fleet Support, Strengthening Sustainable Maritime Operations

(IN BRIEF) GTT has entered into a technical services contract with Maran Tankers, part of the Angelicoussis Group, to support its upcoming fleet of eight LNG dual-fuel Suezmax vessels, which were ordered in 2023 from New Times Shipyard in China. … Read the full press release

České dráhy Secures €300 Million EIB Loan to Modernize Czech Rail Fleet for Enhanced Safety and Sustainability

(IN BRIEF) The European Investment Bank (EIB) has provided a CZK 7.61 billion (€300 million) loan to České dráhy, the Czech Republic’s national railway operator, to modernize and expand its rail fleet. The funding will enable České dráhy to purchase … Read the full press release

Nagarro Acquires UK-Based FWD View to Boost Data Transformation Solutions for Financial Services

(IN BRIEF) Nagarro has acquired FWD View Limited, a UK-based specialist in data transformation and visualization for financial services, to strengthen its position in the UK financial sector. This acquisition adds approximately 50 experts to Nagarro’s team and expands its … Read the full press release

Düsseldorf to Cut CO₂ Emissions with New Bilfinger-Built Energy Center Utilizing Henkel’s Industrial Waste Heat

(IN BRIEF) Stadtwerke Düsseldorf, in partnership with Henkel and Bilfinger, is developing a new energy center to supply sustainable district heating to Düsseldorf’s southern districts. Using waste heat from Henkel’s power plant, the facility will reduce the city’s reliance on … Read the full press release

GEA Unveils RAY® Plus Freeze Dryers to Revolutionize Energy Efficiency and Hygiene in Food Processing

(IN BRIEF) GEA has launched its next-generation RAY® Plus series of batch freeze dryers, engineered to enhance energy efficiency, hygiene, and flexibility in food processing applications. Featuring modular cabinet designs, optimized vapor flow, and advanced pressure control, the RAY® Plus … Read the full press release

Schouw & Co. Secures 10-Year Green Energy Deal with Encavis to Power European Operations

(IN BRIEF) Schouw & Co., a Danish industrial conglomerate, has entered into a 10-year Power Purchase Agreement (PPA) with ENCAVIS AG, a renewable energy provider in Germany, to power its European operations with green energy. Beginning in 2025, Schouw & … Read the full press release

Newly Appointed Chief Brand Officer Oli Saunders to Drive Global Brand Strategy for DWS

(IN BRIEF) DWS has named Oli Saunders as its new Chief Brand Officer, a role dedicated to amplifying the company’s brand globally. Saunders, reporting to Global Head of Communications, Brand & CSR Sebastian Kraemer-Bach, brings a wealth of experience in … Read the full press release

FDJ and SUEZ Renew Support for France’s Leading Women’s Cycling Team, Embracing Diversity and Excellence in Sports

(IN BRIEF) FDJ and SUEZ have renewed their sponsorship of France’s leading women’s cycling team, FDJ-SUEZ, for another three seasons, supporting the team’s development and commitment to diversity in sports. The extended partnership will help the team, led by General … Read the full press release

SUEZ Expands Environmental Initiatives in Morocco with New Agreements in Water and Waste Management

(IN BRIEF) SUEZ has solidified its commitment to Morocco’s environmental goals through four new agreements aimed at enhancing water and waste management infrastructure. These partnerships include two “green landfill” projects in Rabat and Kenitra, which will process waste for biogas … Read the full press release

Siemens and CELUS Unite to Transform PCB Design for Engineers and SMBs with AI Automation

(IN BRIEF) Siemens Digital Industries Software has partnered with CELUS to bring AI-driven automation to PCB design, providing an accessible, cost-effective solution for small and medium-sized businesses (SMBs) and independent engineers. This collaboration combines Siemens’ advanced PCB design technology with … Read the full press release

BAE Systems Invests £220 Million in High-Tech Expansion of Rochester Aerospace Facility, Boosting Medway Economy and Jobs

(IN BRIEF) BAE Systems is investing £220 million to revamp its Rochester facility in Kent, creating a 32,000-square-meter state-of-the-art manufacturing site that will support advanced aerospace technologies and enhance production capabilities. This upgrade, expected to be completed by 2025, will … Read the full press release

Kantonsspital Baden and Siemens Transform Swiss Healthcare with Cutting-Edge Smart Hospital Platform

(IN BRIEF) Kantonsspital Baden (KSB) is set to become one of Switzerland’s leading smart hospitals through a collaboration with Siemens Smart Infrastructure, which will deploy its Siemens Xcelerator platform. This advanced IoT system, comprising over 7,000 sensors and 2,000 smart … Read the full press release

Linde Begins Supplying Industrial Gases to Support PT Freeport Indonesia’s Copper Smelting Expansion

(IN BRIEF) Linde has started supplying industrial gases to PT Freeport Indonesia, a subsidiary of Freeport-McMoRan Inc., via a newly constructed air separation unit (ASU), the largest in Indonesia and Southeast Asia. The $120 million ASU provides oxygen and nitrogen … Read the full press release

MacGregor’s New Carbon Calculator Helps Shipping Companies Cut Emissions and Boost Efficiency

(IN BRIEF) MacGregor has launched a free digital Carbon Calculator to help container shipping companies estimate how much CO₂ emissions can be reduced by upgrading to its Cargo Boost system. By maximizing cargo-carrying capacity, Cargo Boost can increase utilization from … Read the full press release

Early Surgery for Aortic Stenosis Could Prevent Symptoms and Hospital Visits, Study Finds

(IN BRIEF) A new study from the University of Edinburgh and the University of East Anglia suggests that earlier surgical intervention for severe aortic stenosis can improve elderly patients’ quality of life and reduce hospitalizations. The EVOLVED study, involving 224 … Read the full press release

Wood Secures Key Role in Aramco’s Major Natural Gas Expansion in Saudi Arabia

(IN BRIEF) Wood has been awarded a substantial contract by Aramco to provide engineering and project management consultancy services for the Southern and Northern Areas gas increments in Saudi Arabia. The seven-year project, involving over one million engineering hours, will … Read the full press release

RWE Launches Ecosystem-Based Monitoring at Kaskasi Offshore Wind Farm with Marine Science Experts

(IN BRIEF) RWE has partnered with leading marine scientists to launch the SeaMe project at its Kaskasi offshore wind farm, aiming to monitor biodiversity through an ecosystem-based approach. This three-year initiative employs advanced monitoring tools like AI-driven drones, underwater vehicles, … Read the full press release

International Coalition Shuts Down Global Malware Network Targeting Millions

(IN BRIEF) An international operation coordinated by Eurojust successfully dismantled servers and communication channels of the RedLine and META malware, which had targeted millions of victims worldwide to steal personal data like usernames, passwords, and cryptocurrency information. Authorities from the … Read the full press release

Logicor Opens First ‘Last Mile’ Logistics Hub in Bucharest, Enhancing Urban Distribution Efficiency

(IN BRIEF) Logicor has completed Bucharest’s first “Last Mile” logistics hub at the Bucharest III Pallady Logistics Park, a modern facility designed to improve urban distribution efficiency. Located near major transport links, the 41,500 sqm park includes warehouse, office, and … Read the full press release

European Investment Bank and WWF Partner to Drive Nature-Based Climate Resilience Across Europe

(IN BRIEF) The European Investment Bank (EIB) and WWF have forged a four-year partnership to promote Nature-based Solutions (NbS) in Europe, aiming to enhance climate resilience and biodiversity restoration. Formalized at COP16 in Colombia, this collaboration will focus on ecosystem … Read the full press release

EIB Backs Gran Canaria’s Energy Security with €300 Million Loan for Salto de Chira Hydroelectric Project

(IN BRIEF) The European Investment Bank (EIB) has approved a €300 million loan to help Red Eléctrica construct the Salto de Chira pumped-storage hydroelectric plant on Gran Canaria. This innovative project integrates a 200 MW power plant with a desalination … Read the full press release