(IN BRIEF) HENSOLDT AG’s Annual General Meeting, held at the Wappenhalle in Munich, witnessed significant shareholder representation with 78.36% of share capital present. All agenda items received strong endorsement, including the approval of a dividend distribution of EUR 0.40 per … Read the full press release
Posted in Business, Defence, Financial, Germany, Government, Industrial, Investment, Management, News, Security & Safety, Technology
Tagged Financial, Giuseppe Panizzardi, HENSOLDT AG, investment
(IN BRIEF) TAKKT AG’s 25th Shareholders’ Meeting, held virtually, saw unanimous approval of agenda items including a dividend payout of EUR 1.00 per share. CEO Maria Zesch outlined strategic progress, emphasizing resilience and future growth targets. Departing Supervisory Board members … Read the full press release
Posted in Business, Germany, Industrial, Management, News, Retail
Tagged appointment, Florian Funck, Hubertus Mühlhäuser, leadership, Maria Zesch, Stefan Räbsamen, TAKKT AG, Thomas Schmidt
(IN BRIEF) Following five days of rigorous negotiations, Telekom Germany has finalized a groundbreaking collective agreement affecting approximately 58,000 employees, apprentices, and dual students. The agreement, which marks the highest negotiation outcome in the company’s history, includes substantial benefits for … Read the full press release
Posted in Business, Germany, Industrial, Infrastructure & Utilities, Management, News, Technology, Telecom
Tagged AGREEMENT, Birgit Bohle, Deutsche Telekom, Germany, Peter Kespohl
(IN BRIEF) Uniper has entered into a share purchase agreement with Photon Energy Group for the acquisition of a 20.4 MW photovoltaic project in northeastern Poland, expected to close by the end of 2024. The move aligns with Uniper’s strategy … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Financial, Germany, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Poland
Tagged acquisition, partnership, Pawel Tarczewski, Poland, renewable energy, sustainability, Uniper
(IN BRIEF) PUMA and Borussia Dortmund have launched the 2024/25 Home kit, paying homage to the club’s rich heritage while incorporating modern design elements. The classic Black & Yellow kit features a sleek pinstripe flair, symbolizing Dortmund’s enduring legacy and … Read the full press release
Posted in Apparel, Fashion & Beauty, Business, Environment, Financial, Germany, Industrial, Investment, Management, News, Retail, Sports
Tagged 2024/25 Home Kit, Borussia Dortmund, Carsten Cramer, Marco Mueller, partnership, PUMA, sports, sustainability
(IN BRIEF) LANXESS, a specialty chemicals company, has introduced a new app designed for farmers and veterinarians to bolster biosecurity measures and safeguard livestock during disease outbreaks. The LANXESS Biosecurity Solutions app offers tailored functions including a product finder, push … Read the full press release
Posted in Agriculture, Business, Chemicals, Germany, Industrial, Management, News, Security & Safety, Technology
Tagged Biosecurity Solutions App, LANXESS, Livestock Protection
(IN BRIEF) Volvo Group and Daimler Truck have announced a preliminary agreement to establish a 50/50 joint venture aimed at leading the digital transformation to software-defined heavy-duty commercial vehicles. The joint venture, headquartered in Gothenburg, Sweden, will develop a common … Read the full press release
Posted in Automotive, Business, Environment, Financial, Germany, Government, Industrial, Investment, Management, News, Sweden, Technology, Transportation & Logistics
Tagged Commercial Vehicles, Daimler truck, Germany, Martin Daum, Martin Lundstedt, partnership, Software-Defined, sustainability, Volvo Group
(IN BRIEF) In a pioneering effort to advance robotics, Professor Majid Khadiv, TUM’s Professor of AI Planning in Dynamic Environments, is spearheading the development of ‘Automan’, an autonomous humanoid robot capable of undertaking dangerous or repetitive tasks. With a vision … Read the full press release
(IN BRIEF) BASF’s specialty foam Basotect® G+ is making waves at BMW Group’s Leipzig site, where it’s being utilized for acoustic damping in a preparation area within the body paint shop. The installation of Basotect® panels on walls and ceilings … Read the full press release
Posted in Business, Chemicals, Environment, Financial, Germany, Industrial, Infrastructure & Utilities, Investment, Management, News, Technology
Tagged Acoustic Comfort, BASF, Basotect® G+, BMW, Leipzig Plant, partnership, sustainability
(IN BRIEF) In a collaborative effort to promote climate-friendly housing initiatives in Germany, the European Investment Bank (EIB) and Deutsche Bank have forged an agreement. Valued at over €600 million, the program will provide discounted mortgages to individuals seeking to … Read the full press release
Posted in Banks, Business, Construction, Environment, Financial, Germany, Government, Industrial, Infrastructure & Utilities, Investment, Luxembourg, Management, News
Tagged Achim Kuhn, Climate-Friendly Housing, Deutsche Bank, DSL Bank, EIB, EIF, Germany, Marjut Falkstedt, Nicola Beer, partnership, sustainability
(IN BRIEF) Technology group Rheinmetall has secured substantial subsidies totaling around €7.7 million from the German federal government and the state of North Rhine-Westphalia for the development of innovative hydrogen and electrification solutions. These projects, in collaboration with industry and … Read the full press release
(IN BRIEF) The project to revitalize Cuxhaven’s historic “Alter Fischereihafen” (Old Fishing Port) has moved forward with the approval of the first construction phase. This phase involves converting the former fish market and processing halls (Fischhallen V and VI) into … Read the full press release
Posted in Construction, Germany, News, Real Estate, Travel
Tagged Alter Fischereihafen Cuxhaven, Alter Fischereihafen Cuxhaven GmbH, blueorange Development Partner GmbH, business hotel, Co-working hotel, Cuxhaven, Cuxhaven City Council, Cuxhaven tourism, daycation, design hotel, destination North Sea, DSR Hotel Holding GmbH, family holiday, Food and Beverage, getaway, HENRI Hotel, HENRI Hotel Cuxhaven GmbH, holiday, holiday destination, hotel, hotel Cuxhaven, Karl J. Pojer, Kreissparkasse Stade and Stadtsparkasse Cuxhaven, Long-term travel, Lower Saxony, luxury hotel, Martin Pietsch, Norbert Plambeck, North Sea, Old fishing port Cuxhaven, Plambeck Holding, Plambeck Holding GmbH, Real estate project, restaurants, Spa hotel, Sparkasse Rotenburg Osterholz, TOURISM, travel, travel destination, vacation, vacation destination, vacation destination Germany, Volksbank BRAWO, Volksbank Stade-Cuxhaven, Weser-Elbe Sparkasse
(IN BRIEF) BILD, in collaboration with ElevenLabs, is expanding its podcast offerings to an English-speaking audience using AI dubbing technology. This partnership enables BILD to translate its primarily German-language podcasts into English and other languages while maintaining the original speaker’s … Read the full press release
(IN BRIEF) Energinet, Denmark’s National Electricity Transmission System Operator, has awarded Siemens Energy a comprehensive contract to expand the power grid in Western Denmark over the next eight years. With plans to construct approximately 50 new or reinforced 150 kV … Read the full press release
(IN BRIEF) Siemens Energy and Energinet, Denmark’s state-owned energy company, have entered a landmark EUR 1.4 billion framework agreement to modernize the country’s energy infrastructure. The deal focuses on expanding the electricity grid in Western Denmark through the construction of … Read the full press release
Posted in Business, Construction, Denmark, Energy, Gas & Oil, Environment, Financial, Germany, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Technology
Tagged Denmark, Energinet, energy grid, Henrik Riis, partnership, Siemens, Siemens Energy, sustainability, Tim Holt
(IN BRIEF) Sartorius, a prominent life science group, is expanding its collaboration with NVIDIA to advance the development of new therapies by integrating NVIDIA’s AI-powered computing platforms with Sartorius’ expertise in life sciences and bioprocessing. Since 2020, Sartorius has integrated … Read the full press release
(IN BRIEF) Manchester City and PUMA have revealed the new Home kit for the 2024/2025 season, incorporating elements that pay homage to Manchester’s cultural identity. The sky-blue kit features subtle threads of “0161,” representing the city’s dialing code and its … Read the full press release
(IN BRIEF) BASF, a global leader in the chemical industry, partners with 3B Fibreglass to advance its sustainability goals by incorporating sustainably produced glass fibers into its Ultramid® A & B compound portfolio. Utilizing green electricity in production, 3B Fibreglass … Read the full press release
Posted in Belgium, Business, Chemicals, Environment, Financial, Germany, Government, Industrial, Investment, Management, News
Tagged 3B Fibreglass, BASF, Belgium, carbon footprint, Chemical Industry, Ludovic Piraux, Maximilian Lehenmeier, partnership, sustainability
(IN BRIEF) Deutsche Telekom’s upward trajectory continues as it announces a successful start to 2024. The telecom giant witnessed a 1.6 percent organic increase in net revenue, reaching €27.9 billion, with service revenues soaring by 4.1 percent to €23.5 billion. … Read the full press release
Posted in Business, Economy, Financial, Germany, Industrial, Infrastructure & Utilities, Investment, Management, News, Technology, Telecom
Tagged Andreas Fuchs, Deutsche Telekom, Financial, investment, Tim Höttges
(IN BRIEF) Siemens AG has greenlit the sale of Innomotics, a world-leading electric motors and large drives company, to KPS Capital Partners, LP (“KPS”) for €3.5 billion. The decision to divest Innomotics aligns with Siemens’ strategic portfolio optimization efforts, providing … Read the full press release
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