(IN BRIEF) Tubulis has closed an oversubscribed €128 million ($138.8 million) Series B2 financing round, co-led by EQT Life Sciences and Nextech Invest Ltd, with participation from new and existing investors including Frazier Life Sciences and Deep Track Capital. The … Read the full press release
Posted in Business, Environment, Financial, Germany, Healthcare, Industrial, Investment, Management, News, Pharma & Biotech, Science, Technology
Tagged ADC Pipeline, cancer treatment, Christoph Broja, Deep Track Capital, Dominik Schumacher, EQT Life Sciences, Frazier Life Sciences, John de Koning, Kanishka Pothula, Nextech Invest Ltd, partnership, sustainability, TUB-030, TUB-040, Tubulis
(IN BRIEF) Mercedes-Benz Trucks engineers have completed rigorous trials of the battery-electric eActros 600 in Rovaniemi, Finland, enduring temperatures as low as minus 35 degrees Celsius. Dr. Christof Weber, Head of Global Testing, expresses satisfaction with the test outcomes, praising … Read the full press release
(IN BRIEF) The Mercedes-Benz Trucks Classic Collection proudly introduces the restoration of the 1899 Daimler Cardan-Truck, a remarkable piece of automotive history. Originally utilized by the Stuttgart Municipal Water Works until 1923, this pioneering vehicle has undergone meticulous restoration after … Read the full press release
(IN BRIEF) Nagarro, a global digital engineering leader, has partnered with Acentrik, a strategic product of Mercedes-Benz, to advance Web3 innovation with Acentrik Version 3.0. Acentrik specializes in white-label data marketplaces, enhancing data value chains with privacy-preserving features. Nagarro’s role … Read the full press release
(IN BRIEF) Rheinmetall AG, headquartered in Düsseldorf, has achieved record earnings and order backlog figures in fiscal year 2023, continuing its growth trajectory. The company’s focus on the defence sector, particularly amid a changed threat situation in Europe, has led … Read the full press release
Posted in Business, Defence, Financial, Germany, Government, Industrial, Investment, Management, News, Security & Safety, Technology
Tagged Armin Papperger, Financial, investment, Rheinmetall AG
(IN BRIEF) AFRY has been appointed as the technical advisor by 50Hertz, the transmission system operator, for the critical SuedOstLink project, a key grid expansion endeavor to accelerate Germany’s energy transition. The project involves planning a 540-kilometer underground cable, set … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Financial, Germany, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Switzerland, Technology
Tagged 50Hertz, AFRY, Bavaria, Cable Planning, clean energy transition, Germany, Niels Hornig, partnership, SuedOstLink, sustainability, Thorben Müller
(IN BRIEF) Infineon Technologies AG introduces the OptiMOS™ 6 200 V MOSFET product family, designed to revolutionize motor drive applications like e-scooters, micro-EVs, and E-forklifts. This new portfolio boasts enhanced technical features compared to its predecessor, including a 42% lower … Read the full press release
Posted in Business, Electronics & Machinery, Financial, Germany, Industrial, Investment, Management, News, Technology
Tagged Infineon, Motor Drive Applications, OptiMOS™ 6 200 V MOSFETs
(IN BRIEF) Voith’s Infinity press felts have established a global reputation for excellence since their introduction in 2011, offering superior performance and durability. Examples of their success include a significant reduction in steam consumption and a record-setting service life in … Read the full press release
Posted in Business, Financial, Germany, Industrial, Investment, Management, News, Technology
Tagged Anne Klaschka, Infinity Press Felts, paper production, Voith
(IN BRIEF) EQT Private Equity has announced the sale of its 20% stake in Ottobock, the leading provider of wearable human bionics solutions, to Professor Hans Georg Näder and the Näder Family. Since EQT’s investment in 2017, Ottobock has experienced … Read the full press release
(IN BRIEF) Evonik, Germany’s second-largest chemical company, has secured a €500 million framework loan from the European Investment Bank (EIB) to accelerate its sustainable transformation. The financing will support Evonik’s Next Generation Solutions portfolio, which focuses on energy-efficient, bio-based, and … Read the full press release
Posted in Banks, Business, Chemicals, Economy, Financial, Germany, Government, Industrial, Investment, Luxembourg, Management, News
Tagged EIB, Evonik, Germany, Maike Schuh, Nicola Beer, partnership, sustainability, sustainable transformation
(IN BRIEF) The Spanish government has awarded Rheinmetall a contract worth approximately €208 million for the supply of 94,200 155mm artillery rounds. These rounds, to be delivered between late 2024 and late 2025 with a potential two-year extension, underscore Rheinmetall’s … Read the full press release
Posted in Business, Defence, Financial, Germany, Government, Industrial, Investment, Management, News, Security & Safety, Spain, Technology
Tagged Ammunition Deal, European Artillery Market, partnership, Rheinmetall, Spain
(IN BRIEF) Nagarro, a global digital engineering leader, announced its preliminary unaudited financial numbers for the full year ending December 31, 2023. Despite achieving a revenue growth of 6.5% year-on-year, reaching €912.0 million, the company faced challenges in gross profit … Read the full press release
Posted in Business, Economy, Financial, Germany, Industrial, Investment, Management, News, Technology
Tagged Financial, investment, Manas Human, Nagarro
(IN BRIEF) Despite facing challenging conditions in 2023, Volkswagen Group achieved robust financial results, showcasing its resilience and adaptability. With a strong focus on electrification and a flexible product strategy, the Group successfully met customers’ needs globally. The year also … Read the full press release
Posted in Automotive, Business, Economy, Environment, Financial, Germany, Industrial, Investment, Management, News, Technology
Tagged Arno Antlitz, Financial, investment, Oliver Blume, sustainability, Volkswagen Group
(IN BRIEF) At the Bus2Bus 2024 event in Berlin, Daimler Buses showcased its latest advancements in electric mobility, featuring the Mercedes-Benz eCitaro fuel cell and the Setra MultiClass LE intercity bus. The eCitaro fuel cell boasts a remarkable 400-kilometre range … Read the full press release
(IN BRIEF) PNE Group secures contracts for three new wind farms totaling 26.4 MW capacity through successful bids in the Bundesnetzagentur’s round of tenders. The awarded projects include expansions in Schleswig-Holstein and Hesse, along with a new development in Brandenburg. … Read the full press release
Posted in Business, Energy, Gas & Oil, Germany, Industrial, News
Tagged Bundesnetzagentur, Odensachsen, onshore wind farms, PNE group, power tender, Stuvenborn, wind energy projects, wind farms, Zinndorf
(IN BRIEF) E.ON, a major player in Europe’s energy sector, plans to increase its investments from €33 billion to €42 billion for 2024-2028, focusing on energy networks and infrastructure. The company exceeded earnings expectations in 2023, with adjusted Group EBITDA … Read the full press release
Posted in Business, Energy, Gas & Oil, Germany, Industrial, Infrastructure & Utilities, Investment, Management, Technology
Tagged dividend, E.ON, Employment, energy industry, European market, financial results, growth strategy, infrastructure, investments, Leonhard Birnbaum, Marc Spieker, renewable energy
(IN BRIEF) The DHL Global Connectedness Report 2024 reveals that despite the challenges posed by the pandemic and geopolitical conflicts, globalization has reached record highs. Trade growth has been instrumental in sustaining global connectedness, with Singapore leading the list of … Read the full press release
Posted in Business, Economy, Germany, Industrial, Transportation & Logistics
Tagged Business Growth, CHINA, Deglobalization, DHL, economic resilience, Economic Trends, Europe, geopolitical tensions, globalization, Ih-Ming Chan, International Relations, John Pearson, New York University's Stern School of Business, pandemic, Regionalization, RUSSIA, Singapore, Steven Altman, trade, United States
(IN BRIEF) As the threat of quantum computers grows, rendering traditional encryption methods obsolete, researchers at the Technical University of Munich (TUM) are pioneering a new approach. Led by Professor Tobias Vogl, they’re developing quantum encryption based on the immutable … Read the full press release
Posted in Business, Education, Germany, Industrial, Management, News, Science, Technology
Tagged Antonia Wachter-Zeh, Professor Tobias Vogl, Quantum satellite, TUM
(IN BRIEF) Mercedes-Benz, in collaboration with the Fraunhofer Society, conducts the world’s first X-ray crash test using a real car at the Ernst Mach Institute in Freiburg. This groundbreaking demonstration unveils previously hidden internal deformation processes during crashes, providing valuable … Read the full press release
Posted in Automotive, Germany, Industrial, Security & Safety, Technology
Tagged Automotive safety, crash testing, Dr. Malte Kurfiß, EMI, Ernst Mach Institute, Fraunhofer-Institute for High-Speed Dynamics, INNOVATION, Markus Schäfer, Mercedes-Benz, Prof. Dr. Paul Dick, research collaboration, Technology demonstration, Vehicle collision, X-ray crash
(IN BRIEF) DHL Group’s language learning app, developed in collaboration with LinguaTV, has clinched the national World Summit Award Germany in the Learning & Education category. This recognition propels the further education initiative into contention for the global WSA Global … Read the full press release
Posted in Awards, Business, Education, Germany, Industrial, Management, Media, News, Technology, Transportation & Logistics
Tagged Award, DHL, Education Category, Employees, Language Learning App, LinguaTV, partnership, Thomas Schneider
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