(IN BRIEF) In the wake of cyclone “GAMANE” striking Madagascar’s SAVA region, affecting the main vanilla growing area, Symrise ensures the safety of its 200 employees and extends aid to the affected community. The cyclone caused flooding, damaging houses, rice … Read the full press release
Posted in Business, Commodities, Financial, Food & Beverage, Germany, Government, Industrial, Management, News
Tagged Cyclone "GAMANE", Madagascar, relief efforts, Symrise
(IN BRIEF) Allianz Global Corporate & Specialty SE (AGCS) has announced an agreement to divest its U.S. MidCorp and Entertainment insurance businesses to Arch Insurance North America for $450 million in cash. The deal includes the transfer of approximately $2 … Read the full press release
Posted in Business, Environment, Financial, Germany, Government, Industrial, Insurance, Investment, Management, News
Tagged acquisition, Allianz AGCS, Arch, Tracy Ryan, U.S. MidCorp and Entertainment Insurance
(IN BRIEF) Infineon Technologies AG introduces the XENSIV™ Sensor Shield for Arduino, a versatile tool aimed at accelerating innovation in smart sensor systems for smart home and consumer applications. This shield, developed in collaboration with Sensirion, integrates a wide range … Read the full press release
(IN BRIEF) WACKER’s mRNA competence center in Halle is gearing up to produce an active ingredient for combatting acute respiratory distress syndrome (ARDS) in collaboration with Pantherna Therapeutics. The center, equipped with four new production lines, will more than triple … Read the full press release
Posted in Business, Chemicals, Environment, Financial, Germany, Government, Healthcare, Industrial, Investment, Management, News, Pharma & Biotech, Science, Technology
Tagged ARDS Treatment, Dr. Guido Seidel, Dr. Jörg Kaufmann, mRNA Production, PAN004, Pantherna, partnership, sustainability, WACKER
(IN BRIEF) SAP SE announced that Churchill Downs Incorporated (CDI) has selected the GROW with SAP solution to drive its financial technology transformation as it expands within the racing, online wagering, and gaming entertainment sectors. Leveraging cloud solutions from SAP, … Read the full press release
(IN BRIEF) RWE, a global leader in renewable energy, has secured a significant achievement with the award of a 495-megawatt Electricity Business Licence (EBL) by the Ministry of Trade, Industry & Energy of Korea for the development of the Seohae … Read the full press release
(IN BRIEF) MAHLE Aftermarket is set to launch the second generation of its workshop diagnostic tools, MAHLE TechPRO® 2 and BRAIN BEE Connex 2, in April 2024. Featuring a redesigned user interface for improved usability, the tools offer intuitive guidance … Read the full press release
Posted in Automotive, Business, Germany, Industrial, Management, News, Technology
Tagged Diagnostic Tools, Digital Future, MAHLE, Philipp Grosse Kleimann
(IN BRIEF) MYTILINEOS Energy & Metals, in partnership with Siemens Energy, has embarked on the construction of a 560 MW Combined Cycle Gas Turbine (CCGT) power unit at the Adamów Power Plant in Poland. The Engineering, Procurement, and Construction (EPC) … Read the full press release
Posted in Business, Construction, Energy, Gas & Oil, Environment, Financial, Germany, Government, Greece, Industrial, Infrastructure & Utilities, Investment, Management, News, Technology
Tagged Combined Cycle Gas Turbine (CCGT) Power Unit, construction, Germany, MYTILINEOS, partnership, Poland, Siemens Energy, sustainability
(IN BRIEF) BASF is set to showcase its latest additive offerings at CHINAPLAS 2024, a significant event in the plastic and rubber industries. These additives play a pivotal role in increasing the sustainability of various plastic applications by enhancing durability, … Read the full press release
Posted in Business, Chemicals, Financial, Germany, Industrial, Investment, Management, Media, News
Tagged BASF, CHINAPLAS 2024, Hazel Sprafke, IrgaCycle™, plastic additives, sustainability
(IN BRIEF) Evonik’s Coating & Adhesive Resins Business Line in Darmstadt, Germany, has transitioned its production of DEGACRYL® specialty acrylates to renewable energy sources, reducing annual CO2 emissions by approximately 1,400 metric tons. This move aligns with the business line’s … Read the full press release
(IN BRIEF) CompuGroup Medical SE & Co. KGaA (CGM), a leading e-health provider, has announced the appointment of two renowned digitization experts in the German healthcare system. Max Müller has assumed leadership of the CLICKDOC & m.Doc business area, while … Read the full press release
Posted in Business, Germany, Healthcare, Industrial, Management, News, Technology
Tagged appointment, CompuGroup Medical, Digitization Experts, Dr. Ulrich Thomé, Germany, healthcare sector, Jan Wemmel, leadership, Max Müller
(IN BRIEF) DHL announces plans to expand its out-of-home delivery network in Sweden by introducing approximately 1,000 new parcel lockers in 2024, focusing primarily on metropolitan areas. Partnering with iBoxen, DHL aims to strengthen its capacity and capabilities in the … Read the full press release
Posted in Business, Environment, Financial, Germany, Government, Industrial, Internet & Online, Investment, Management, News, Sweden, Technology, Transportation & Logistics
Tagged DHL, E-commerce Demands, iBoxen, online shopping, Parcel Locker Network, partnership, Robert Zander, sustainability, Sweden
(IN BRIEF) Dr. Sigrid Nikutta, a board member of DB, unveils the successful practical tests of a digital freight train, marking a significant advancement in Europe’s rail freight transport system. The introduction of Digital Automatic Coupling (DAK) as a new … Read the full press release
(IN BRIEF) ARBURGadditive will participate in the 20th anniversary of Rapid.Tech in Erfurt from May 14 to 16, 2024, showcasing two innovative exhibits: a large freeformer 750-3X operating on plastic granules and an LiQ 5 for 3D printing liquid silicone … Read the full press release
(IN BRIEF) Triton Fund V, under Triton’s advisement, has finalized the acquisition of Siemens Energy’s Trench business, a leading manufacturer of high-voltage grid components. Trench, renowned for its expertise and global presence with nine factory locations and 2,400 employees worldwide, … Read the full press release
(IN BRIEF) Mercedes-Benz Trucks has announced the release of the new Actros L, slated to redefine the premium segment of heavy diesel-powered trucks. Set to be available for order from April 2024 and commencing production in December 2024, the Actros … Read the full press release
Posted in Automotive, Business, Energy, Gas & Oil, Environment, Financial, Germany, Industrial, Investment, Management, News, Security & Safety, Technology, Transportation & Logistics
Tagged Actros L, Daimler truck, Diesel-Powered, Heavy Trucks, Mercedes-Benz Trucks, partnership, Rainer Müller-Finkeldei, sustainability
(IN BRIEF) Volkswagen celebrates 50 years of the Golf, Europe’s most successful car, with over 37 million units sold worldwide. Since its debut in 1974, the Golf has set industry standards, introducing innovations in technology, safety, and design across its … Read the full press release
Posted in Automotive, Germany, Industrial, Technology, Transportation & Logistics
Tagged 50th anniversary, Andreas Mindt, automotive, Giorgio Giugiaro, golf, Herbert Schäfer, Hybrid, INNOVATION, Volkswagen
(IN BRIEF) Roland Berger, a global management consultancy, opens a new office in Abu Dhabi’s ADGM financial district, expanding its regional presence to five offices. The move reflects Roland Berger’s commitment to Abu Dhabi’s economic growth and diversification efforts. The … Read the full press release
Posted in Business, Germany, Management, Technology
Tagged Abu Dhabi, Abu Dhabi Global Market, Hani Tohme, management consultancy, Middle East, Rene Seijger, Roland Berger, Santiago Castillo
(IN BRIEF) CANCOM Group concluded the 2023 fiscal year with remarkable financial results, including a 17.8% increase in revenue to €1,522.7 million and a notable rise in EBITDA to €115.7 million. CEO Rüdiger Rath attributes this success to strategic acquisitions … Read the full press release
Posted in Business, Financial, Germany, Management, Technology
Tagged CANCOM Group, EBITDA, economic challenges, ERP system, expansion, financial performance, forecast, integration, KBC Group, Market development, Operational improvements, profitability, revenue growth, Rüdiger Rath, Strategic acquisitions
(IN BRIEF) Daimler Truck AG has finalized a new revolving credit line worth €5 billion, capitalizing on favorable market conditions to replace its existing syndicated credit line set to mature. Coordinated by BNP Paribas, Deutsche Bank, and LBBW, with participation … Read the full press release
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