(IN BRIEF) FORVIA, the world’s seventh-largest automotive technology supplier resulting from the merger of Faurecia and HELLA, receives two Automotive News PACEpilot Innovation to Watch recognitions at the 2024 awards ceremony in Detroit. The accolades celebrate FORVIA’s pioneering contributions to … Read the full press release
Posted in Automotive, Awards, Business, Financial, Germany, Industrial, Investment, Management, News, Technology
Tagged Automotive News PACEpilot Innovation, Awards, Forvia, Hella, Jörg Weisgerber, Thorsten Muschal
(IN BRIEF) German MAWS GbR, comprised of ESG Elektroniksystem- und Logistik-GmbH, HENSOLDT Sensors GmbH, and Diehl Defence GmbH & Co. KG, secures the contract for the second national supplementary study for the Franco-German Maritime Airborne Warfare System (MAWS) project. MAWS … Read the full press release
Posted in Artificial Intelligence (AI), Business, Defence, Financial, Germany, Government, Industrial, Investment, Management, News, Technology, Transportation & Logistics
Tagged Diehl Defence GmbH & Co. KG, ESG Elektroniksystem- und Logistik-GmbH, Franco-German Maritime Airborne Warfare System, Hensoldt Sensors GmbH, MAWS GbR, partnership
(IN BRIEF) VARTA AG’s Supervisory Board has named Michael Ostermann as Board Member and Chief Executive Officer (CEO), effective May 6, 2024. With extensive management experience in the automotive and battery industries, Ostermann is poised to lead VARTA AG, alongside … Read the full press release
(IN BRIEF) BASF, in collaboration with International Process Plants (IPP), has agreed to market ammonia, methanol, and melamine plants situated at BASF’s Verbund site in Ludwigshafen, Germany. These assets, made available as part of BASF’s strategic adjustments to maintain competitiveness … Read the full press release
Posted in Business, Chemicals, Environment, Financial, Germany, Government, Industrial, Investment, Management, Marketing, News
Tagged acquisition, ammonia, BASF, IPP, marketing, melamine, methanol, partnership, plants, relocation, Ronald Gale, Ruediger von Watzdorf, sustainability
(IN BRIEF) Infineon Technologies AG, a semiconductor leader, will provide silicon carbide (SiC) power modules and bare die products to Xiaomi EV for its SU7 electric vehicles until 2027. Infineon’s CoolSiC-based power modules offer superior performance, driving dynamics, and lifetime … Read the full press release
(IN BRIEF) Eviden, a leading digital, cloud, big data, and security provider within the Atos Group, has unveiled its new facility, the Eviden Mission Critical Systems Technology Center, situated in Prottes, Lower Austria. This inauguration underscores Eviden’s dedication to advancing … Read the full press release
(IN BRIEF) WACKER is strategically enhancing its BIOSOLUTIONS life-science division by bolstering capacities in biopharmaceuticals for advanced therapies. Its subsidiary, Wacker Biotech US, based in San Diego, is expanding mRNA and protein production to meet the surging demand for contract … Read the full press release
Posted in Business, Chemicals, Environment, Financial, Germany, Government, Industrial, Investment, Management, News, Pharma & Biotech, Science, Technology
Tagged advanced therapies, biopharmaceutical, Dr. Philippe Cronet, partnership, sustainability, USA, WACKER
(IN BRIEF) The Hamburg-based tech firm, the applike group, renowned for mobile app management and distribution, has relocated its headquarters to central Hamburg to accommodate its expanding operations. The move to new offices, managed by Lindner, reflects the company’s commitment … Read the full press release
Posted in Business, Construction, Environment, Financial, Germany, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Technology, Telecom
Tagged Applike Group, Hamburg, Industrial Design, INNOVATION, Lindner, partnership, sustainability
(IN BRIEF) Lidl announces a new partnership with BILD Group, introducing BILDplus as a premium offer for users of the Lidl Plus app in Germany. Customers reaching a certain monthly shopping volume through Lidl Plus will receive complimentary access to … Read the full press release
Posted in Business, Entertainment, Financial, Germany, Industrial, Investment, Management, Marketing, Media, News, Retail, Technology
Tagged Axel Springer, BILD Group, BILDplus, Claudius Senst, Jan Bock, Lidl, Lidl Plus App Users, partnership, Schwarz Group
(IN BRIEF) Mercedes-Benz Trucks is gearing up for its most extensive test run yet, slated for this summer, featuring the groundbreaking electric flagship eActros 600. With two near-series prototypes, the trucks will traverse over 20 European countries, clocking more than … Read the full press release
(IN BRIEF) Nadine Despineux, with over two decades of management experience in international mechanical engineering companies, has been appointed as the new Member of the Board of Management, Sales at Jungheinrich AG, effective from 15th July 2024, succeeding Christian Erlach, … Read the full press release
(IN BRIEF) Rheinmetall has secured significant new orders for its plug-and-play heat pump solution, signaling expansion into diverse applications within electromobility. The first order, valued in the high single-digit million euro range, comes from an international expert in electric bus … Read the full press release
Posted in Automotive, Business, Financial, Germany, Industrial, Investment, Management, News, Technology
Tagged electromobility, heat pump solution, partnership, Rheinmetall
(IN BRIEF) Accenture has announced its acquisition of Parsionate, a leading data consultancy specializing in data products and modern data foundation services, with a focus on industries like retail, industrial, consumer goods, and life sciences. This strategic move aims to … Read the full press release
(IN BRIEF) Vattenfall has finalized the transfer of all shares in Vattenfall Wärme Berlin AG, including power plants, grids, subsidiaries, and employees, to the State of Berlin for approximately 1.4 billion euros. This strategic move aligns with Berlin’s goal to … Read the full press release
Posted in Business, Environment, Financial, Germany, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Sweden
Tagged acquisition, Berlin, Heating Business, partnership, sustainability, Vattenfall
(IN BRIEF) The European Investment Bank (EIB) is providing close to €45 million for the implementation of an innovative geothermal heating project, Eavor-LoopTM, in Geretsried, Bavaria. This pioneering project, which received an additional €91.6 million grant from the EU Innovation … Read the full press release
Posted in Banks, Business, Economy, Energy, Gas & Oil, Environment, European Union, Financial, Germany, Government, Industrial, Investment, Luxembourg, Management, News, Technology
Tagged Bavaria, Daniel Mölk, Eavor-LoopTM, EIB, EU, Geothermal Heating Project, INNOVATION, investment, Nicola Beer, partnership, sustainability, Wopke Hoekstra
(IN BRIEF) Airbus Helicopters has secured a contract with the Ministry of Defence of Brunei for the procurement of six H145M helicopters. The selection of the H145M underscores its reputation for high performance and versatility, with Brunei aiming to enhance … Read the full press release
Posted in Aviation & Aerospace, Business, Defence, Environment, Financial, Germany, Government, Industrial, Investment, Management, News, Security & Safety, Technology
Tagged Air Force, Airbus, Brunei, Bruno Even, H145M helicopters, partnership
(IN BRIEF) Daimler Buses’ Omniplus service brand celebrated excellence in bus and coach mechanics and technicians at the BusTech Challenge 2023/24, where over 500 participants from Omniplus service centers across 19 European countries competed. Thomas Schlatter from Switzerland emerged as … Read the full press release
(IN BRIEF) Adyen, a global financial technology platform, has teamed up with Tide, the UK’s top business financial platform, to introduce Tide business accounts in Germany, marking Tide’s entry into the European market. This collaboration signifies Adyen’s debut of its … Read the full press release
Posted in Business, Environment, Financial, Germany, Government, Industrial, Investment, Management, Netherlands, News, Small Business, Technology, United Kingdom
Tagged Adyen, Alexa von Bismarck, expansion, Germany, Netherland, Oliver Prill, partnership, SMEs, sustainability, Tide, UK
(IN BRIEF) Chemovator, BASF’s business incubator and early-stage investor, has finalized an investment in Heartland, a Detroit-based startup specializing in natural fiber plastic additives. This investment, part of Chemovator’s Elevate program for early-stage chemistry startups, aims to support Heartland’s innovative … Read the full press release
Posted in Business, Chemicals, Environment, Financial, Germany, Industrial, Investment, Management, News, Technology
Tagged Chemovator, Fiber Plastic Additives, Gati Kalim, Heartland, investment, Jesse Henry, partnership, sustainability, Thomas Holcombe, USA
(IN BRIEF) Brightline has announced Siemens Mobility as the “preferred bidder” to manufacture ten “American Pioneer 220” (AP 220) train sets for the Brightline West high-speed rail project connecting Las Vegas and Southern California, with service expected to commence in … Read the full press release
Posted in Business, Environment, Financial, Germany, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Technology, Transportation & Logistics
Tagged AP 220, Brightline, Marc Buncher, Michael Reininger, partnership, Siemens, Siemens Mobility, sustainability, USA, West High-Speed Rail Project
(IN BRIEF) Heidelberg Materials has announced the acquisition of ACE Group, the largest supplier of pulverised fly ash in Malaysia, as part of its strategy to strengthen its presence in Southeast Asia and address the increasing demand for fly ash … Read the full press release
Posted in Business, Construction, Environment, Financial, Germany, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Technology
Tagged ACE Group, acquisition, Dr Nicola Kimm, Heidelberg Materials, Malaysia, partnership, Roberto Callieri, Southeast Asia, sustainability
(IN BRIEF) Safran Helicopter Engines has inked a substantial support-by-the-hour deal with DRF Luftrettung, encompassing maintenance and repair services for over 90 Arriel 2E engines powering its H145 helicopter fleet. The agreement, managed by Safran Helicopter Engines Germany, highlights the … Read the full press release
(IN BRIEF) DHL Supply Chain (DSC) unveils strategic leadership changes aimed at fortifying its global presence and preparing for future challenges. With the appointment of new members and a partial restructuring of roles within the Global Board of Management, DSC … Read the full press release
(IN BRIEF) The Fraunhofer-Gesellschaft initiates a groundbreaking project in Münster, Germany, by commissioning a research factory for battery cells, set to bolster the region’s electromobility sector. Partnering with Siemens AG, the project aims to revolutionize battery production, positioning “Made in … Read the full press release
(IN BRIEF) Iberdrola Deutschland and Salzgitter Flachstahl GmbH, a subsidiary of Salzgitter AG, have entered a 15-year power purchase agreement (PPA) to drive low-CO2 steel production and support industry decarbonization. Commencing in 2025, Iberdrola will supply over 900 GWh of … Read the full press release
(IN BRIEF) Dr. Jens Schulte is set to assume the role of Chief Financial Officer (CFO) at thyssenkrupp AG starting June 1, succeeding Dr. Klaus Keysberg who will retire on May 31. Approved by the Supervisory Board last November, Schulte … Read the full press release
Posted in Business, Germany, Industrial, Investment, Management, Metals and Minerals, News
Tagged appointment, CFO, Dr. Klaus Keysberg, Jens Schulte, leadership, Miguel López, Prof. Siegfried Russwurm, ThyssenKrupp AG
(IN BRIEF) LANXESS is set to showcase its latest advancements in water treatment and recycling technologies at IFAT 2024 in Munich, from May 13 to 17, 2024. The company will spotlight solutions for PFAS removal, battery recycling, and PEM electrolysis … Read the full press release
Posted in Business, Chemicals, Environment, Financial, Germany, Industrial, Investment, Management, Media, News, Technology
Tagged IFAT 2024, innovative solutions, LANXESS, Michael Rockel, recycling, sustainability, water treatment
(IN BRIEF) TikTok and CTS EVENTIM have joined forces to introduce a new feature enabling artists to enhance their live ticket sales by engaging with millions of users on the platform. This collaboration empowers artists to promote their tour dates … Read the full press release
Posted in Business, Entertainment, Financial, Germany, Government, Industrial, Investment, Management, Marketing, Media, News, United Kingdom
Tagged Alexander Ruoff, CTS EVENTIM, Live Event Ticket Sales, Michael Kümmerle, partnership, TikTok
(IN BRIEF) Bayer and Evotec have updated their strategic collaboration to focus on developing precision treatments for cardiovascular diseases (CVDs). Leveraging Evotec’s expertise in disease modelling using human induced pluripotent stem cells (iPSCs), the collaboration aims to identify and validate … Read the full press release
Posted in Business, Education, Environment, Financial, Germany, Government, Healthcare, Industrial, Investment, Management, News, Pharma & Biotech, Science, Technology
Tagged Bayer, Cardiovascular Therapies, Dr Cord Dohrmann, Dr. Christian Rommel, Evotec, Juergen Eckhardt, partnership, sustainability
(IN BRIEF) AIXTRON SE, a leading provider of deposition equipment to the semiconductor industry, has announced the appointment of Christian Ludwig as its new Vice President of Investor Relations. With extensive experience in the semiconductor industry and a background in … Read the full press release
Posted in Business, Germany, Industrial, Management, News, Technology
Tagged AIXTRON, appointment, Carsten Werle, Christian Danninger, Christian Ludwig, Investor Relations Team, leadership
(IN BRIEF) MTU Aero Engines AG announced positive financial results for the first quarter of 2024, with adjusted revenue reaching €1.67 billion, marking an 8% increase compared to the same period in 2023. Despite facing challenges in the Geared Turbofan™ … Read the full press release
Posted in Aviation & Aerospace, Business, Economy, Financial, Germany, Industrial, Investment, Management, News, Technology
Tagged Financial, investment, Lars Wagner, MTU Aero Engines, Peter Kameritsch
(IN BRIEF) Vonovia SE, based in Bochum, Germany, began the year with robust operating results, marking a positive start to 2024. The company’s core segment, Rental, saw a notable increase in its EBITDA contribution, reaching €592.9 million during the first … Read the full press release
Posted in Business, Economy, Environment, Financial, Germany, Industrial, Investment, Management, News, Real Estate
Tagged Financial, investment, Philip Grosse, Rolf Buch, sustainability, Vonovia SE
(IN BRIEF) A team from Mercedes-Benz Special Trucks conducted a two-week winter test with four Unimog vehicles along the Grossglockner High Alpine Road. As part of the Mercedes-Benz Special Trucks Alpine testing program, they assisted Großglockner Hochalpenstraßen AG in clearing … Read the full press release
(IN BRIEF) Uniper, a prominent energy company, has released its eighth Sustainability Report and its inaugural Climate Transition Plan, signifying a pivotal shift towards sustainability. The Climate Transition Plan outlines Uniper’s trajectory towards achieving carbon neutrality by 2040, ten years … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Germany, Industrial, Management, News
Tagged Human Rights Commitment, sustainability, Uniper
(IN BRIEF) The Axel Springer Prize for Young Journalism, renowned for recognizing exceptional journalistic talent, this year introduced a new category, “Future,” focusing on works related to artificial intelligence (AI) or produced with AI support. The awards ceremony celebrated young … Read the full press release
(IN BRIEF) Rheinmetall, in collaboration with the municipality of Nörvenich and Westenergie AG, has initiated a pilot project to trial curb chargers on public roads in Nörvenich. This project aims to integrate Rheinmetall’s curb chargers into the municipality’s infrastructure, providing … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Financial, Germany, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Technology
Tagged Christoph MÜLLER, Dr. Stefan Küppers, Dr. Timo Czech, Innovative Curb Charger Pilot Project, Nörvenich, partnership, Rheinmetall, sustainability, Westenergie AG
(IN BRIEF) FUCHS SE has begun the financial year 2024 with positive results, despite a 6% decrease in sales revenues to EUR 877 million, attributed to price adjustments and negative currency effects. However, the company saw a 4% increase in … Read the full press release
Posted in Business, Economy, Energy, Gas & Oil, Environment, Financial, Germany, Industrial, Investment, Management, News
Tagged Financial, FUCHS SE, investment, Stefan Fuchs, sustainability
(IN BRIEF) Bechtle AG is strategically positioning the Rostock location as a hub for innovative AI applications in collaboration with Planet AI, largely due to the proximity to the University of Rostock. The partnership, backed by a cooperation agreement since … Read the full press release
(IN BRIEF) The European Investment Fund (EIF) has committed to guaranteeing over €100 million in financing through three intermediaries in Germany and Spain. Aimed at providing better access to education and training for underprivileged students and learners, the initiative is … Read the full press release
Posted in Banks, Business, Economy, Education, Financial, Germany, Government, Industrial, Investment, Luxembourg, Management, News, Spain
Tagged Education, EIF, European Commission, Germany, investment, Margaritis Schinas, Marjut Falkstedt, partnership, Spain, Underprivileged Students
(IN BRIEF) Eurex, on April 29, 2024, introduced a new Green Bond Basket within its GC Pooling segment, aimed at enhancing liquidity and efficiency in the European repo market for green bonds. This addition expands upon the existing three Green … Read the full press release
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PHARMA & BIOTECH: The largest repository of EU/European pharma & biotech press releases spanning 12 years (2012-2024)
