(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, Turkey
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
(IN BRIEF) The Rothschild Logistic Group has renewed its lease for a strategically located 18,000 sqm property in Bedburg, North Rhine-Westphalia, for another five years. Situated between Düsseldorf and Cologne, the facility offers 24/7 operations, excellent motorway access, and strong … Read the full press release
Posted in Business, Construction, Environment, Financial, Germany, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Technology, Transportation & Logistics, United Kingdom
Tagged Bedburg Facility, Cologne, Düsseldorf, Logicor, logistics hub, partnership, Rothschild Logistic Group, sustainability
(IN BRIEF) Voith has successfully implemented its Infinity S seamed felts on Navigator Paper Setúbal’s PM 1 and PM 3 machines, marking a significant achievement in the paper industry. This transition, resulting from a three-year collaboration, enhances safety, reduces felt … Read the full press release
Posted in Business, Environment, Financial, Germany, Government, Industrial, Investment, Management, News, Portugal, Technology
Tagged Navigator Paper, Orlando Ferreira, partnership, PM 1, PM 3, PORTUGAL, Seamed Felts, Setúbal, sustainability, Voith
(IN BRIEF) Infineon Technologies has expanded its Bluetooth portfolio with eight new products in the AIROC CYW20829 Bluetooth Low Energy 5.4 MCU family. These new offerings, optimized for industrial, consumer, and automotive applications, provide highly integrated solutions that reduce costs … Read the full press release
(IN BRIEF) NORMA Group reported strong profitability in Q2 2024, despite a challenging market environment, with adjusted EBIT at EUR 26.1 million and a slightly improved margin of 8.5%. The company saw growth in its water management solutions but faced … Read the full press release
(IN BRIEF) ÖBB Rail Cargo Group (RCG) has introduced a new TransFER route connecting Salzburg, Austria, with Augsburg, Germany, to enhance the logistics chain across Central and South-Eastern Europe. The service operates two round trips weekly, offering direct, non-stop transport … Read the full press release
Posted in Austria, Business, Construction, Environment, Financial, Germany, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Technology, Transportation & Logistics
Tagged Germany, logistics network, ÖBB Rail Cargo Group, partnership, Salzburg–Augsburg Rail Link, sustainability
(IN BRIEF) MAHLE is introducing a bionic high-performance fan at the IAA Transportation 2024, inspired by owl wings to reduce noise by up to 4 dB(A) in electric and fuel cell vehicles. The fan is 10% more efficient and 10% … Read the full press release
(IN BRIEF) The Technical University of Munich (TUM) played a key role in helping the German beach volleyball team of Nils Ehlers and Clemens Wickler secure a silver medal at the Paris Olympics. The team’s success was supported by innovative … Read the full press release
Posted in Awards, Business, Education, Entertainment, Financial, Germany, Government, Industrial, Investment, Management, Media, News, Sports, Technology
Tagged Beach Volleyball Team, Clemens Wickler, Fabian Tobias, German Volleyball Association (DVV), Jonas Reckermann, Julius Brink, Kira Walkenhorst, Laura Ludwig, Nils Ehlers, Olympic Silver, Paris Olympics, software, TUM
(IN BRIEF) RWE has inaugurated a pilot electrolyser plant in Lingen, Germany, aimed at advancing green hydrogen production. The 14-megawatt facility, which can generate up to 270 kilograms of green hydrogen per hour using renewable energy, will provide insights for … Read the full press release
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