(IN BRIEF) Zurich Insurance Group has announced a significant strategic alliance with Kotak Mahindra Bank in India, with plans to acquire a 51% stake in Kotak Mahindra General Insurance Company for $488 million. This investment marks one of the largest … Read the full press release
(IN BRIEF) Maersk Supply Service, the offshore service provider, has adopted Inmarsat Maritime’s Fleet Data IoT platform to optimize the performance of its initial vessel battery installation on the Maersk Minder Offshore Supply Ship. This solution not only enables real-time … Read the full press release
Posted in Denmark, Energy, Gas & Oil, Environment, Industrial, Management, News, Technology, Telecom, Transportation & Logistics, United Kingdom
Tagged battery, Emissions Reduction, Fleet Data, Inmarsat, IoT platform, Maersk, partnership, Richard Goudbeek, Sindre Bornstein, sustainability, Sverre Vange
(IN BRIEF) MAHLE Powertrain, an engineering services provider, has inaugurated a cutting-edge battery development center in Stuttgart, Germany, dedicated to serving European clients. Spanning 1,300 square meters, the facility is equipped to handle all aspects of battery development, from initial … Read the full press release
(IN BRIEF) Continental is offering a comprehensive portfolio of solutions aimed at making fleet operations more efficient and sustainable. Fleet operators can select from a modular range of solutions, including ContiLifeCycle and ContiConnect digital tire management, as part of the … Read the full press release
(IN BRIEF) TotalEnergies has extended its partnership with Oman LNG, a liquefied natural gas (LNG) joint venture, for ten more years beyond 2024. This extension also covers the adjacent Qalhat LNG project, which has been extended for five years. As … Read the full press release
Posted in Business, Energy, Gas & Oil, France, Industrial, Investment
Tagged Itochu, joint venture, Julien Pouget, Korea LNG, LNG, Mitsubishi, Mitsui, Naturgy, Oman, Oman LNG, Omani liquefied natural gas, Osaka Gas, PTTEP, Shell, TotalEnergies
(IN BRIEF) Alfa Laval, a global leader in heat transfer, centrifugal separation, and fluid handling, is launching a new business unit called “Business Unit Electrolyzer and Fuel Cell Technologies” to capitalize on opportunities in the hydrogen sector. Over the past … Read the full press release
(IN BRIEF) Henkel Engineered Wood, a leading supplier of certified adhesives for load-bearing mass timber, has launched two new bio-based adhesive solutions, Loctite HB S ECO and Loctite CR 821 ECO, designed for sustainable timber construction. These innovative adhesives, developed … Read the full press release
(IN BRIEF) Heidelberg Materials, a global leader in building materials, has reported a 6.0% increase in revenue to €16,083 million for the first nine months of 2023, despite a decline in sales volumes due to a global economic downturn. The … Read the full press release
(IN BRIEF) Kapsch, a leading transportation solutions provider, has developed advanced Weigh in Motion (WIM) systems to address the challenges posed by overweight and overloaded vehicles on roads. These systems accurately measure axle and total weights, detect weight categories and … Read the full press release
(IN BRIEF) Schneider Electric, a global leader in energy management and automation, has successfully finalized its acquisition of EcoAct SAS, an international leader in climate consulting and net-zero solutions based in Paris, France. This strategic move brings together two top-tier … Read the full press release
(IN BRIEF) DNV, a leading energy expert and assurance provider, is collaborating with KREDO Offshore, a Korean renewable energy developer, to advance offshore wind farm projects in South Korea. DNV is overseeing the deployment and monitoring of seven Floating Lidar … Read the full press release
Posted in Energy, Gas & Oil, Industrial, Infrastructure & Utilities, Norway, Technology
Tagged assurance provider, Brice Le Gallo, DNV, energy expert, Floating Lidar System, KREDO Offshore, Mike Hallett, Offshore wind, offshore wind farms, renewable energy, South Korea, wind farm, wind measurement project, Yoon Woo Sik
(IN BRIEF) SIX, the Swiss National Bank (SNB), and six commercial banks are embarking on a pioneering pilot project called Helvetia Phase III, aimed at exploring the use of tokenized central bank money (wCBDC) for financial institutions. This initiative marks … Read the full press release
Posted in Banks, Business, Economy, Environment, Financial, Industrial, International Trade, Investment, Management, News, Switzerland, Technology
Tagged Banque Cantonale Vaudoise, Basler Kantonalbank, Commerzbank, David Newns, Financial, Helvetia Phase III, Hypothekarbank Lenzburg, Jos Dijsselhof, partnership, SDX, sustainability, Swiss Financial Institutions, Swiss National Bank (SNB), Tokenized Central Bank Money SIX, UBS, Zürcher Kantonalbank
(IN BRIEF) Accenture, a global technology and consulting firm, has acquired Innotec Security, a prominent cybersecurity-as-a-service company headquartered in Madrid, Spain. This acquisition enhances Accenture’s cybersecurity capabilities and presence in Spain. Innotec Security, previously owned by Entelgy Group, brings 500 … Read the full press release
Posted in Business, Environment, Financial, Government, Industrial, Investment, Ireland, Management, Marketing, News, Security & Safety, Spain, Technology
Tagged Accenture, acquisition, Agustín Muñoz-Grandes, Cybersecurity, Entelgy Group, Félix Muñoz, Innotec Security, Paolo Dal Cin, partnership, Spain, sustainability
(IN BRIEF) Advansia, a subsidiary of AFRY, has been awarded two significant framework agreements aimed at facilitating the development and expansion of Norway’s power transmission network. Statnett, the state-owned enterprise responsible for the country’s power transmission system, is in the … Read the full press release
(IN BRIEF) Finnish biotechnology start-up Origin by Ocean has teamed up with AFRY, a global engineering and advisory firm, to work on an ambitious project aimed at establishing an industrial-scale biorefinery in Finland. The collaborative effort focuses on refining seaweed … Read the full press release
Posted in Business, Environment, Financial, Finland, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Pharma & Biotech, Science, Sweden, Technology
Tagged AFRY, Finland, innovative, Mari Granström, Origin by Ocean, partnership, Seaweed Biorefinery, sustainability, Tuukka Sormunen
(IN BRIEF) In the third quarter of 2023, ANDRITZ, an international technology group, achieved substantial growth in revenue, earnings, and net income compared to the previous year. While the total order intake declined due to the absence of a large … Read the full press release
Posted in Austria, Business, Environment, Financial, Industrial, Investment, Management, News, Technology
Tagged Andritz, Financial, GREEN HYDROGEN, investment, Joachim Schönbeck, partnership, sustainability
(IN BRIEF) SAP SE has become a member of the Stanford University Human-Centered Intelligence (HAI) Corporate Affiliate Program. This collaboration will support Stanford HAI’s research, policy, and education initiatives focused on the responsible development and implementation of artificial intelligence (AI). … Read the full press release
Posted in Artificial Intelligence (AI), Business, Education, Environment, Financial, Germany, Industrial, Investment, Management, News, Technology
Tagged artificial intelligence (AI), Education, HAI Corporate Affiliate Program, James Landay, Juergen Mueller, Panos Madamopoulos, partnership, policy, RESEARCH, SAP, Stanford University
(IN BRIEF) Continental has acquired Vertech AB, a conveyor and maintenance company located in Kiruna, Northern Sweden. Vertech AB specializes in servicing the conveyor industry in mining areas of Sweden and Norway. This acquisition is part of Continental’s strategy to … Read the full press release
Posted in Automotive, Business, Environment, Financial, Industrial, Investment, Management, Metals and Minerals, News, Norway, Sweden
Tagged acquisition, Continental, Norway, partnership, sustainability, Sweden, Vertech AB
(IN BRIEF) Hexagon’s Safety, Infrastructure & Geospatial division has been chosen by Saudi Arabia’s National Center for Vegetation Development and Combating Desertification (NCVC) to provide remote sensing solutions for monitoring and evaluating the country’s vegetation coverage. Saudi Arabia, with its … Read the full press release
Posted in Business, Industrial, Management, News, Sweden, Technology
Tagged Desertification Combat, Dr. Khaled Al Abdulqader, Geospatial Solutions, HE Eng. Abdulrahman Al-Fadhli, Hexagon, Jürgen Nerz, National Center for Vegetation Development and Combating Desertification (NCVC), partnership, Saudi Arabia, sustainability, Vegetation Monitoring
(IN BRIEF) Hexagon’s Manufacturing Intelligence division has introduced Nexus Connected Worker, a suite of manufacturing software solutions that connects workers to real-time data, offering actionable insights and reporting on various aspects of manufacturing, including operations, maintenance, quality, and audits. The … Read the full press release
Posted in Business, Industrial, Management, News, Sweden, Technology
Tagged Dr. Asif Rana, Hexagon, Nexus Connected Worker, Parth Joshi, real-time data
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