Samsung buys German ventilation manufacturer

Acquisition of the long-established FläktGroup Samsung, a technology group particularly known for its mobile phones, acquires FläktGroup, a ventilation specialist based in Herne. FläktGroup's roots go back to the year 1909. According to its own statement, FläktGroup is one of the market leaders for energy-efficient indoor air solutions and critical air functions. The company has existed in its current form since 2016 [...]

Bayer reorganises agricultural division in Germany

Focus on strategic technologies and relocation from Frankfurt Bayer recently announced changes to its agricultural division in Germany. According to a press release, the company is reorganising the activities of its Crop Science division in the areas of production and research and development of plant protection products in Germany. The long-standing company sees this step as necessary, according to its own statement, for […]

Rheinmetall in the direction of space

Joint venture with ICEYE for satellite production Defence manufacturer and automotive supplier Rheinmetall and satellite manufacturer ICEYE intend to establish a new joint venture for satellite production. The two companies signed a letter of intent on 8 May 2025, as Rheinmetall and ICEYE announced. The press release was published on Rheinmetall's website in German and on the website [...]

Brose sells business with e-bike drives

Acquisition by Yamaha is part of Brose's realignment Brose announced on Monday that it is divesting its e-bike drive business. According to the press release from the Coburg-based family company, Yamaha Motor Co., Ltd. will take over this business area. If antitrust authorities approve, the press release states that Brose's e-bike drive and system business will become part of Motor […]

Siemens receives Hermes Award 2025

Annual innovation prize at the Hannover Messe Siemens has been honoured with the Hermes Award. According to Deutsche Messe AG, the Munich-based technology group received the innovation prize for its AI-supported Industrial Copilots. According to the trade fair company's press release, these cover the entire industrial value chain. Deutsche Messe AG Industry Award The winner of the award was selected from three [...]

Shell is increasingly focusing on LNG

Accelerating the strategy for more value and fewer emissions Shell presented the next steps in its strategy to investors on Tuesday as part of its Capital Markets Day 2025. The company is strengthening its commitment to value creation, the company wrote in its press release. CEO Wael Sawan said about the development to date: „We have made progress on all targets, [...]

Bosch exhibits at the Hannover Messe

Traditional company showcases solutions for sustainable transformation For the upcoming Hannover Messe 2025, Bosch is promising solutions that will drive forward the sustainable transformation of various sectors of the economy. This is according to the technology group's press release, in which it announced its participation in this major industrial trade fair back in February. This year's Hannover Messe will take place from 31 March to 4 [...]

GEA with higher order intake

Technology group reports strong financial year 2024 Gea recently announced that it can look back on a strong financial year. In its press release, the technology group, which specialises in machinery and plant engineering, also gave a positive outlook for 2025. According to its own statements, GEA had already raised its forecast for the EBITDA margin before restructuring expenses twice in 2024. Previously, the company had achieved the financial targets set for 2026 […]

Continental pushes ahead with reorganisation

Result improvement 2024 achieved Continental reported its business figures for 2024 at the beginning of last week. The automotive supplier writes in its press release that it has further improved its results and achieved its corporate goals. The focused implementation of the value creation-oriented strategy is showing its effect, the company emphasises. In the group's view, this is happening against the backdrop of a weak […]

Evonik increases profitability

Restructuring and savings measures are showing results. Evonik recently reported a significant increase in profits in 2024. Specifically, according to its press release, the Essen-based specialty chemicals provider was able to increase adjusted EBITDA – meaning earnings before interest, taxes, depreciation, and amortisation – by 25 per cent to around 2.1 billion euros. This put the 2024 EBITDA within the targeted range of [...]