(IN BRIEF) ABB and Microsoft have announced an expanded partnership to integrate Azure OpenAI Service into ABB’s Genix Industrial Analytics and AI suite. The collaboration aims to leverage generative AI technology to help industrial customers gain insights from operational data. … Read the full press release
Posted in Business, Management, News, Switzerland, Technology
Tagged ABB, ABB Ability™, AI Suite, Azure OpenAI Service, Genix, Genix Industrial Analytics, Microsoft, partnership, Rajesh Ramachandran, Ralph Haupter
(IN BRIEF) ABB has successfully completed the divestment of its Power Conversion division to AcBel Polytech Inc. for an enterprise value of $505 million. This transaction marks the completion of all divisional portfolio divestments announced by ABB in late 2020. … Read the full press release
Posted in Business, Investment, Management, News, Switzerland, Technology
Tagged ABB, AcBel Polytech Inc., divestment
(IN BRIEF) Atos Group, a global leader in digital transformation, has entered into exclusive negotiations with Schneider Electric for the sale of 100% of EcoAct SAS and its subsidiaries. This potential transaction would allow Atos to divest non-core assets and … Read the full press release
Posted in Business, Environment, France, Management, News, Technology
Tagged Atos, decarbonization, Diane Galbe, EcoAct, partnership, Schneider Electric, Steve Wilhite, Stuart Lemmon, sustainability
(IN BRIEF) SoleSense, a startup revolutionizing stroke rehabilitation, has won the Best Elevator Pitch award at Bristol’s prestigious Tech-Xpo 2023 Showcase. The company, founded by Caz Icke in 2019, utilizes shoe sensors and a real-time biofeedback application to offer personalized … Read the full press release
(IN BRIEF) Ericsson and Swisscom have successfully deployed the fiber-extended reach feature of the Radio Dot System, enabling high-capacity indoor 5G coverage within a 10 km radius from a centralized location. By using fiber and hybrid fiber cables, Swisscom can … Read the full press release
Posted in Business, Management, News, Sweden, Technology
Tagged 5G, Ericsson, fiber technology, indoor, Mark Düsener, Nils Andersson, Swisscom
(IN BRIEF) Gary Murphy, a renowned figure in the real estate industry, has joined Savills as Director of its expanding auctions business. Murphy brings with him extensive experience, having founded Allsop’s residential auctions team 37 years ago. Savills Auctions experienced … Read the full press release
(IN BRIEF) INEOS, a global chemical manufacturing company, has released its sustainability report for 2022, highlighting its strong performance in safety and environmental goals. The report emphasizes INEOS’ commitment to achieving net-zero emissions by 2050 and reducing operational emissions by … Read the full press release
(IN BRIEF) Gernot Döllner has been announced as the new CEO of AUDI AG, taking over from Markus Duesmann in Volkswagen’s Group Board of Management on September 1, 2023. Döllner, who has a mechanical engineering background, has held several managerial … Read the full press release
Posted in Automotive, Business, Germany, Management
Tagged appointment, Audi, CEO, Gernot Döllner, leadership, Markus Duesmann, Volkswagen
(IN BRIEF) BNP Paribas Wealth Management and SDA Bocconi School of Management have collaborated to release an exclusive report on family business governance in Europe. The report emphasizes the significant role of family firms in driving economic growth and employment. … Read the full press release
(IN BRIEF) NatWest, a renowned bank, has been included in the Times Top 50 Employers for Gender Equality list for its consistent commitment to fostering an inclusive and diverse workplace. The list, established in 2006 and curated by Business in … Read the full press release
(IN BRIEF) Iberdrola, a Spanish energy company, has been awarded for its outstanding corporate governance practices by World Finance for the tenth time. The recognition highlights Iberdrola’s commitment to continuously updating its Governance and Sustainability System and its dedication to … Read the full press release
(IN BRIEF) Virginie Leroy has been appointed as the President of VINCI Immobilier, effective August 1, 2023. Leroy, who joined VINCI Immobilier in 2010, has held various positions within the company, including Head of Business Property Projects and Managing Director … Read the full press release
(IN BRIEF) H. Lundbeck A/S has announced the initiation of CEO succession, with Deborah Dunsire choosing to retire from her role as President and CEO. Charl van Zyl has been appointed as the new President and CEO, and Dunsire will … Read the full press release
Posted in Business, Denmark, Healthcare, Management, Pharma & Biotech
Tagged appointment, biopharma, Board of Directors, CEO, Charl van Zyl, CNS, Deborah Dunsire, Eli Lilly, H. Lundbeck A/S, immunology, Lars Rasmussen, Lundbeck, Neurology, Novartis
(IN BRIEF) Tom Drechsler has been appointed as the new head of the Communication department at Škoda Auto, starting from July 1. He replaces Ariane Kilian, who is temporarily stepping down due to personal reasons. Drechsler brings extensive experience, having … Read the full press release
Posted in Automotive, Business, Czech Republic, Management, Marketing, Media
Tagged Ariane Kilian, Auto Bild, AUTO BILD Group, Communication, communications manager, journalist, Klaus Zellmer, leadership, ŠKODA, ŠKODA AUTO, Tom Drechsler
(IN BRIEF) RWE, a leading energy company, has announced its updated Green Financing Framework to support sustainable investment. With a focus on building a sustainable energy system, RWE plans to invest over 50 billion euros by 2030 as part of … Read the full press release
(IN BRIEF) Škoda Auto has launched a dedicated microsite that provides comprehensive information on the company’s sustainability initiatives. The microsite covers Škoda’s environmental, social, and governance efforts, showcasing measures to reduce its CO2 footprint, community involvement, and commitment to being … Read the full press release
(IN BRIEF) Volkswagen Group has announced a strategic realignment and the launch of performance programs to enhance profitability and cash flow. At its Capital Markets Day, the Group emphasized leadership principles focused on customer orientation and entrepreneurship. Each brand will … Read the full press release
(IN BRIEF) Lightsource bp, a global leader in renewable energy, has announced the appointment of Adele Ara as the new Chief Technology Officer (CTO) and member of the executive team. Adele has been with the company since 2014, demonstrating her … Read the full press release
(IN BRIEF) Effective October 1, 2023, BASF will transfer its European direct business for Ultraform® (POM) to its trusted trading partners, ALBIS and Ultrapolymers Group. While the sales process will be handled by ALBIS and Ultrapolymers Group, BASF will continue … Read the full press release
Posted in Business, Chemicals, Germany, Industrial, Management
Tagged ALBIS, BASF, engineering plastics, engineering plastics portfolio, polyoxymethylene, POM, Ultraform®, Ultrapolymers Group
(IN BRIEF) Michelin has announced its agreement to acquire Flex Composite Group (FCG) for an enterprise value of €700 million. FCG is a European leader in engineered fabrics and films, serving industries such as marine, supercars, electric vehicles, sports, and … Read the full press release
Posted in Automotive, Business, Chemicals, France, Industrial, Investment, Management
Tagged acquisition, engineered fabrics, FCG, films, Flex Composite Group, IDI, Michelin, polymer composite solutions
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