Tag Archives: Germany

BNP Paribas Expands Wealth Management Footprint in Germany by Acquiring HSBC’s Private Banking Division

(IN BRIEF) BNP Paribas has signed an agreement to acquire HSBC’s private banking operations in Germany, aiming to enhance its wealth management services and increase its assets under management to over €40 billion. This strategic acquisition targets growth within the … Read the full press release

Energiekontor and Salzgitter Flachstahl Sign Pioneering Power Purchase Agreements for Solar Energy in Germany

(IN BRIEF) Energiekontor AG and Salzgitter Flachstahl GmbH have signed long-term power purchase agreements (PPAs) for two solar park projects in Mecklenburg-Western Pomerania. Energiekontor will supply Salzgitter with over 120 gigawatt-hours of green electricity annually, aiming to cut CO2 emissions … Read the full press release

EIB Supports Deutsche Glasfaser with €350 Million Loan to Expand High-Speed Internet in Rural Germany

(IN BRIEF) The European Investment Bank (EIB) has granted a €350 million loan to Deutsche Glasfaser to expand fibre-optic broadband access to around 460,000 rural homes and businesses in Germany. This initiative, supported by the EU’s InvestEU programme, addresses the … Read the full press release

Commerzbank and Crypto Finance Partner to Provide Secure Crypto Asset Services for Corporate Clients in Germany

(IN BRIEF) Commerzbank has partnered with Crypto Finance, a subsidiary of Deutsche Börse, to offer secure access to digital assets, specifically bitcoin and ether, for its corporate clients in Germany. Commerzbank will handle crypto asset custody, while Crypto Finance manages … Read the full press release

Deutsche Bank Taps Raffael Gasser to Lead Wealth Management & Private Banking in Germany

(IN BRIEF) Deutsche Bank has appointed Raffael Gasser as the new Head of Wealth Management & Private Banking in Germany, starting November 1, 2024. Gasser, who brings extensive experience from UBS and Credit Suisse, will oversee services for affluent and … Read the full press release

Infineon and Oxford Ionics to Develop Mobile Quantum Computer for German Cybersecurity

(IN BRIEF) Infineon Technologies and Oxford Ionics have been selected to build a mobile quantum computer for Germany’s Cyberagentur. The project aims to deliver a robust, compact system capable of operating in real-world conditions, using ion-trap technology and scalable to … Read the full press release

Logicor Appoints Janica Gerecke as Country Manager to Lead German Expansion Strategy

(IN BRIEF) Logicor has appointed Janica Gerecke as the new Country Manager for Germany to lead the company’s growth strategy in the region. Gerecke, with over a decade of experience in the real estate industry, including an executive board role … Read the full press release

E.ON and Siemens Partner to Expand Public EV Charging Across Europe

(IN BRIEF) E.ON and Siemens have signed a global framework agreement to strengthen E.ON’s public charging infrastructure across Europe. The collaboration will deploy Siemens’ SICHARGE D high-power chargers and Sifinity Control backend system, optimizing network management and reliability. The agreement … Read the full press release

Alfa Laval Launches Innovative Heat Solutions to Power Sustainable Cities at Chillventa 2024

(IN BRIEF) Alfa Laval will introduce its latest energy-efficient heat exchangers for heat pumps at Chillventa 2024, aimed at supporting sustainable cities. These innovations, including the largest-capacity ammonia heat pump condenser and the SE range of brazed heat exchangers, focus … Read the full press release

Crédit Agricole Assurances Joins Scope Group to Boost European Financial Sovereignty

(IN BRIEF) Crédit Agricole Assurances has invested in Scope Group, joining other major French financial institutions like AXA and BPCE in supporting Europe’s only independent rating agency accepted by the European Central Bank. This investment is part of broader efforts … Read the full press release

DSV Acquires Schenker in €14.3 Billion Deal, Strengthening Global Logistics Network

(IN BRIEF) DSV has agreed to acquire Schenker, Deutsche Bahn’s logistics subsidiary, for €14.3 billion, marking its largest acquisition to date. The combined company will have a presence in over 90 countries, with a workforce of 147,000 and pro forma … Read the full press release

Encavis Secures €61 Million Project Financing for 114 MW Borrentin Solar Park, Supporting Germany’s Energy Transition

(IN BRIEF) Encavis AG has secured €61 million in project financing for its 114 MW Borrentin solar park in Germany. The financing was provided by Bayerische Landesbank and will help complete the solar park by the end of September 2024. … Read the full press release

5G Technology Transforms Viticulture in Germany’s Moselle Region

(IN BRIEF) The “Smart Vineyard” project in Germany’s Moselle Valley, supported by Deutsche Telekom’s 5G campus network, is modernizing traditional winemaking through automation and real-time data analysis. Using 5G-connected robots and AI, the project helps winemakers perform labor-intensive tasks such … Read the full press release

EBRD Supports Türkiye’s Renewable Energy Expansion with $60 Million Loan to Borusan EnBW Enerji

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) has provided a $60 million loan to Borusan EnBW Enerji to support the development of 116 MW of onshore wind-energy capacity in Türkiye’s Sivas and Tekirdağ provinces. This investment is … Read the full press release

Schneider Electric Introduces AI-Enhanced Energy Management for Wiser Home App

(IN BRIEF) Schneider Electric has launched a new AI-powered feature for its Wiser Home app, enhancing energy management for homes. This feature optimizes the use of water heaters and electric vehicle chargers by learning from user habits, weather forecasts, and … Read the full press release

ZEISS SMT Expands Semiconductor Manufacturing Capabilities with Swiss Acquisition

(IN BRIEF) ZEISS Semiconductor Manufacturing Technology (SMT) is acquiring the Lithography division of Beyond Gravity, based in Zurich, Switzerland, and Coswig, Germany. This acquisition aims to boost ZEISS SMT’s production and research capabilities to meet rising global demand for semiconductor … Read the full press release

Ramboll Expands Health Sciences Expertise with Acquisition of SCC Scientific Consulting Company

(IN BRIEF) Ramboll has acquired SCC Scientific Consulting Company, enhancing its Health Sciences division. SCC, a leading European regulatory consultancy with expertise in agrochemicals, biocides, chemicals, and medical devices, brings 160 experts to Ramboll, expanding its team to over 340. … Read the full press release

Aurubis Unveils Advanced Recycling Plant in Belgium, Boosting Metal Recovery and Sustainability Efforts

(IN BRIEF) Aurubis has inaugurated its new Advanced Sludge Processing by Aurubis (ASPA) plant in Beerse, Belgium. This €33 million facility, developed in-house, enhances the recovery of tin and precious metals from anode sludges, a by-product of copper refining. The … Read the full press release

Germany Honors Freddie Mercury with Commemorative Postage Stamp

(IN BRIEF) Germany’s Deutsche Post has honored Freddie Mercury, the legendary Queen frontman, with a commemorative postage stamp as part of its “Legends of Pop/Rock Music” series. The stamp, which features an iconic image of Mercury on stage with a … Read the full press release

ServiceNow and CANCOM Partner to Accelerate AI-Driven Digital Transformation for DACH Mittelstand

(IN BRIEF) ServiceNow and CANCOM have formed a strategic partnership to deliver AI-driven digital solutions for mid-sized businesses in Germany, Austria, and Switzerland (DACH region). The collaboration aims to enhance productivity, efficiency, and cost optimization for the Mittelstand by integrating … Read the full press release