(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
(IN BRIEF) Barclays has announced the appointment of Yuri Shakhmin as a Managing Director in the Global Industrials Group within its Investment Banking division. Shakhmin’s extensive experience and track record in advising industrial clients make him a valuable addition to … Read the full press release
(IN BRIEF) Crédit Agricole Payment Services (CAPS) has appointed Philippe Marquetty as the Chief Executive Officer, effective from June 16, 2023. Marquetty, who joins the Management Committee of Crédit Agricole S.A., brings extensive experience in financial institutions and the payments … Read the full press release
(IN BRIEF) Glencore, a global mining and commodities trading company, has completed the sale of its 100% interest in Cobar Management Pty Ltd (CMPL), the owner of the Cobar copper mine in New South Wales, Australia, to Metals Acquisition Corp … Read the full press release
(IN BRIEF) Lightsource bp, a global leader in solar energy projects, has opened its new headquarters in Madrid, Spain. The company has experienced significant growth in just four years and has established itself as a leader in the Spanish renewable … Read the full press release
(IN BRIEF) Barbara Balke, Secretary General of the European Investment Bank (EIB), has been named one of the Top 50 Executive Allies by LGBT Great. The recognition honors leaders in finance and business who have used their influence to support … Read the full press release
(IN BRIEF) Siemens has unveiled LV Insights X software, a pioneering solution for managing low-voltage grids. The software enables distribution grid operators to address the challenge of increasing grid capacity while accommodating the rise of decentralized renewable energy and additional … Read the full press release
(IN BRIEF) ORLEN VC, the largest corporate venture capital fund in Poland owned by the ORLEN Group, has invested in Circunomics, a platform for battery reuse and recycling in electric vehicles. The investment aims to reduce the carbon footprint of … Read the full press release
Posted in Automotive, Business, Energy, Gas & Oil, Environment, Germany, Industrial, Investment, Management, Poland, Small Business, Technology
Tagged Audi Group, battery monitoring solutions, circular economy, Circunomics, corporate venture capital fund, Daniel Obajtek, electric vehicles, EV batteries, Felix Wagner, Jan Born, ORLEN Group, ORLEN VC, Poland, recycling, recycling of batteries, start-up, TES
(IN BRIEF) EQT, along with its co-shareholders, has agreed to sell BBS Automation to Dürr Group. BBS Automation, based in Munich, specializes in automating production processes and reducing energy consumption and waste. It offers customized assembly and testing solutions for … Read the full press release
Posted in Business, Germany, Industrial, Investment, Management, Sweden, Technology
Tagged Andreas Aschenbrenner, ANT Solutions, automation, BBS, BBS Automation, Dürr Group, EQT, EQT Mid Market Asia III funds, EQT Mid Market Europe, Josef Wildgruber, Kahle Automation, life sciences, medtech, ReaLead, Robert Latz, TEAM
(IN BRIEF) Savills Auctions has announced the addition of three new recruits to its team to meet the growing demand for its auction services. The hires bring expertise across the commercial sector, and their appointments come after a record-breaking year … Read the full press release
(IN BRIEF) Nora Wahby has been appointed as the Head of Customer Unit Northern and Central Europe for Ericsson, effective September 1, 2023. She will lead the business with over 100 customers across 16 countries in the Nordics, Baltics, and … Read the full press release
Posted in Business, Management, Sweden, Technology, Telecom
Tagged 4IG Group, appointment, Cellnex Telecom, Daniel Ode, ELISA, Ericsson, Faroese Telecom, GCU Telia Company, Magyar Telekom, Nora Wahby, play, PPF, TDC Net, Telenor, Telia Company, vodafone
(IN BRIEF) EBRD, EU, and Elec’Recyclage have inaugurated a new industrial waste recycling facility in Tunisia. Elec’Recyclage Tunisie received a €1.1 million loan from EBRD and an €85,000 grant from the EU for the construction of the facility. The investment … Read the full press release
Posted in Banks, Business, Environment, Financial, Industrial, Management, Technology
Tagged EBRD, Elec’Recyclage, European Union, industrial waste, Jürgen Rigterink, Marcus Cornaro, recycling, Tunisia., waste recycling
(IN BRIEF) Wolfgang Metze has been appointed as the new Managing Director of Private Customers at Deutsche Telekom in Germany, starting from August 1, 2023. He will join the Telekom Deutschland management team and report directly to Srini Gopalan, Board … Read the full press release
(IN BRIEF) HIVE Portsmouth Hub has been officially launched in the city center, providing a shared space for local charitable and voluntary organizations to collaborate. This initiative has been made possible through a generous donation of £250,000 from BAE Systems. … Read the full press release
(IN BRIEF) Enel, a global energy company, has once again been recognized for its exceptional environmental, social, and governance (ESG) practices. It has maintained its position in the prestigious FTSE4Good Index Series and the Euronext Vigeo-Eiris (V.E.) indices. Enel’s commitment … Read the full press release
(IN BRIEF) Deutsche Bank’s Foreign Exchange (FX) business has received two prestigious awards at the FX Markets’ eFX Awards 2023. The bank has been named the Best Liquidity Provider for Forwards/Swaps for the third consecutive year and has also won … Read the full press release
Posted in Awards, Banks, Financial, Germany, Investment, Management, Technology
Tagged algo, Algorithmic Trading, Best Liquidity Provider, Best New Algo 2023, David Leigh, Deutsche Bank, foreign exchange, Forwards, FX, FX Markets’ eFX Awards 2023, investment, IS, Liquidity Provision, Maria Prata, SmartPeg, STARK, Stealth, swaps
(IN BRIEF) TÜV Rheinland, a leading testing and certification company, has opened a new textile testing laboratory in Derbyshire, UK. The facility offers a range of services including Fibre Composition Analysis, colour fastness testing, and physical and mechanical testing. It … Read the full press release
(IN BRIEF) SCC, a leading technology services provider, has partnered with CASBA, a Birmingham-based charity that supports individuals with learning disabilities. As part of their commitment to inclusivity, SCC has provided a grant of £1,000 and donated IT equipment to … Read the full press release
Posted in Management, Society, Technology, United Kingdom
Tagged advocacy, CASBA, charity, donation, fundraising, Ginny Cullen, inclusivity, IT equipment, James Rigby, learning disabilities, SCC, training, volunteering
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