(IN BRIEF) Siemens Mobility has secured a 270 million Euro contract to lead a consortium in delivering the power supply system for Singapore’s Cross Island Line. The project will include the design, supply, installation, and commissioning of advanced electrical systems, … Read the full press release
(IN BRIEF) DHL Group has extended its partnership with ESL FACEIT Group, continuing its role as the Official Logistics Partner for major esports events and expanding its involvement with the Snapdragon Pro Series and DreamHack festivals. The collaboration enhances DHL’s … Read the full press release
(IN BRIEF) Symrise has opened an expanded Sales and R&D hub in Beijing to better serve the growing food and beverage market in Northern China. The 800 sqm facility includes advanced laboratories for beverage, dairy, culinary, and snack applications, designed … Read the full press release
Posted in Business, Environment, Financial, Food & Beverage, Germany, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Retail, Technology
Tagged Beijing, INNOVATION, Northern China, partnership, R&D Hub, Robert Marti, sustainability, Symrise, Walter Ribeiro
(IN BRIEF) Adyen and BMW Group have expanded their partnership to include point-of-sale (POS) payment solutions at BMW Welt and the BMW Museum in Munich. This extension builds on their successful e-commerce collaboration, ensuring a seamless payment experience for BMW … Read the full press release
Posted in Automotive, Banks, Business, Financial, Germany, Government, Industrial, Internet & Online, Investment, Management, Netherlands, News, Technology
Tagged Adyen, Alexa von Bismarck, BMW Group, BMW Museum, BMW Welt, E-Commerce, Germany, In-Person Payments, Netherland, partnership, sustainability
(IN BRIEF) LANXESS has announced that its disinfectant, Rely+On Virkon, has been proven effective against the Mpox virus, following the WHO’s declaration of an international health emergency due to rising infections in Central and East Africa. The disinfectant is crucial … Read the full press release
Posted in Business, Chemicals, Environment, Financial, Germany, Government, Healthcare, Industrial, Investment, Management, News, Science, Security & Safety, Technology
Tagged central Africa, East Africa, Emergency Alert, LANXESS, Mpox virus, partnership, Rely+On Virkon, Roy van Wel, sustainability, World Health Organization’s (WHO)
(IN BRIEF) DLG (German Agricultural Society) has implemented Deutsche Telekom’s “transcribbyAI” to provide real-time transcription and translation in over 100 languages at its international trade fairs. This AI-driven tool enhances accessibility, particularly for participants with hearing impairments, and reduces costs … Read the full press release
Posted in Agriculture, Artificial Intelligence (AI), Business, Financial, Germany, Industrial, International Trade, Investment, Management, News, Technology, Telecom
Tagged accessibility, AI-powered, Deutsche Landwirtschafts-Gesellschaft, Deutsche Telekom, German Agricultural Society (DLG), Marcus Vagt, trade fair, transcribbyAI, Transcription Tool, translation
(IN BRIEF) The European Investment Fund (EIF) has invested €50 million in Nine Realms’ new venture capital fund, Nine Realms Fund I K/S, which aims to raise €200 million to support early-stage companies focused on sustainable supply chain technology. The … Read the full press release
Posted in Banks, Business, Economy, Environment, Financial, Germany, Government, Industrial, Investment, Luxembourg, Management, News, Technology, Transportation & Logistics
Tagged EIF, Europe, Germany, INNOVATION, Marjut Falkstedt, Nine Realms, partnership, Sune Stilling, supply chain, sustainability
(IN BRIEF) 50Hertz has received approval from the Federal Network Agency (BNetzA) to upgrade the Thuringian section of the 380-kV Mecklar-Vieselbach overhead line by converting it to high-temperature conductors. This decision, issued ahead of schedule, allows 50Hertz to increase the … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Financial, Germany, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Technology
Tagged 50Hertz, Federal Network Agency (BNetzA), High-Temperature Conductors, Mecklar-Vieselbach, partnership, sustainability, Sylvia Borcherding
(IN BRIEF) PUMA has announced leadership changes to bolster its presence in the GCC and surrounding regions. Johan Kuhlo has been appointed as Managing Director for the GCC, overseeing key markets like the UAE and Saudi Arabia, effective September 1. … Read the full press release
Posted in Apparel, Fashion & Beauty, Business, Germany, Government, Industrial, Management, News, Sports, Technology, Türkiye
Tagged appointments, Arne Freundt, GCC, Johan Kuhlo, leadership, Middle East, Peter Dangl, PUMA, Taner Seyis, Turkey
(IN BRIEF) E.ON reported strong financial performance in the first half of 2024, achieving an adjusted Group EBITDA of €4.9 billion and an adjusted net income of €1.8 billion, in line with its full-year targets. The company reaffirmed its guidance … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Financial, Germany, Industrial, Infrastructure & Utilities, Investment, Management, News
Tagged E.ON, energy transition, Financial, investments, Leonhard Birnbaum, sustainability
(IN BRIEF) RWE has signed two long-term power purchase agreements (PPAs) with Meta to supply clean energy from two solar farms under construction in the U.S., with a combined capacity of 374 megawatts. These solar projects, located in Illinois and … Read the full press release
(IN BRIEF) Rheinmetall has announced plans to acquire Loc Performance Products, LLC, a U.S.-based vehicle specialist, for $950 million. This strategic acquisition aims to strengthen Rheinmetall’s position in the U.S. defense market and expand its production capabilities for military vehicles, … Read the full press release
Posted in Business, Defence, Environment, Financial, Germany, Government, Industrial, Investment, Management, News, Security & Safety, Technology, Transportation & Logistics
Tagged acquisition, Armin Papperger, Jason Atkinson, Loc Performance, Matthew Warnick, partnership, Rheinmetall, sustainability, U.S. Defense Operations
(IN BRIEF) Bosch Engineering has introduced its innovative tram assist suite, a comprehensive driver assistance system designed to improve safety and reduce operational disruptions in urban rail systems. The suite includes features such as forward, near range, flank, and focus … Read the full press release
(IN BRIEF) Hella Gutmann has expanded its Cyber Security Management (CSM) feature within the mega macs diagnostic software to include the latest BMW vehicles, eliminating the need for workshops to register through OE portals. With this update, CSM now supports … Read the full press release
(IN BRIEF) SISTO Armaturen S.A., part of the KSB Group, has developed the SISTO-CM1300, an automated multi-port valve designed to optimize pharmaceutical production processes. This valve automates the switching of fluids in cleaning and sterilization processes, reducing the risk of … Read the full press release
Posted in Business, Environment, Financial, Germany, Government, Healthcare, Industrial, Infrastructure & Utilities, Investment, Luxembourg, Management, News, Pharma & Biotech, Technology
Tagged KSB, Luxembourg, Multi-Port Valve, partnership, Pharmaceutical Production, SISTO Armaturen S.A., sustainability
(IN BRIEF) HENSOLDT has received a new order from the Bundeswehr for its “Dynahawk” fire control sights, which will enhance the accuracy and operational capability of anti-tank weapons. The contract, worth several million euros, includes deliveries through 2025, with an … Read the full press release
Posted in Business, Defence, Financial, Germany, Government, Industrial, Investment, Management, News, Security & Safety, Technology
Tagged 'Dynahawk' Fire Control Sights, Bundeswehr Capabilities, Hensoldt, Josef Reif
(IN BRIEF) Eckert & Ziegler has signed a multi-year agreement with Telix Pharmaceuticals to serve as the European contract manufacturing organization for Telix’s ProstACT GLOBAL Phase III study. The agreement includes supplying patients from Eckert & Ziegler’s Berlin facility and … Read the full press release
Posted in Business, Environment, Financial, Germany, Government, Healthcare, Industrial, Investment, Management, News, Pharma & Biotech, Science, Technology
(IN BRIEF) Nagarro has been recognized as a Leader in the Everest Group’s 2024 Life Sciences Digital Services for Mid-market Enterprises PEAK Matrix® Assessment. This recognition highlights Nagarro’s innovation, client-centric approach, and significant investments in advanced technologies such as AI/ML … Read the full press release
(IN BRIEF) Evotec SE has made significant progress in its strategic partnership with Bristol Myers Squibb, focused on developing a molecular glue-based therapy pipeline. This success has led to $75 million in milestone payments to Evotec. The partnership, which began … Read the full press release
Posted in Business, Environment, Financial, Germany, Government, Healthcare, Industrial, Investment, Management, News, Pharma & Biotech, Science, Technology
Tagged Bristol-Myers Squibb, Dr Cord Dohrmann, Evotec, Molecular Glue, partnership, sustainability, USA
(IN BRIEF) CANCOM Group saw a 29.1% increase in revenue in the first half of 2024, reaching €835.3 million, with significant contributions from its International segment, particularly the CANCOM Austria Group. EBITDA rose to €55.5 million, while operating cash flow … Read the full press release
Posted in Austria, Business, Economy, Financial, Germany, Government, Industrial, Investment, News, Technology
Tagged Austria, CANCOM Group, Financial, investment, partnership, Rüdiger Rath
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