Viessmann invests in pre-insulated pipes

Acquisition of Isoplus by Viessmann Generations Group The Viessmann Generations Group (Viessmann for short) is acquiring the Isoplus Group (Isoplus). The family-owned company, founded in 1917, originally known as a heating manufacturer and now broadly diversified, is thus purchasing a provider of pre-insulated pipe systems. According to the Viessmann press release, Isoplus previously belonged to the investment company Egeria. The investment underscores Viessmann's ongoing commitment to the […]

Aurubis invests in Lünen

40 Million Euros for New Air Separation Unit Aurubis is building a new air separation unit (ASU) in Lünen, North Rhine-Westphalia. According to its press release, the metals provider will invest around 40 million Euros at this recycling site. Air separation units are already in operation at other major Aurubis sites, for example in Hamburg. Increasing Production Efficiency According to its own statement, the [...]

Decathlon wants to grow in Germany

Major investments in new openings and modernisations Decathlon has recently announced its growth plans for the German market. The French sports retailer intends to invest up to 100 million euros in Germany by 2027. According to the company's press release, this sum is to be channelled into both new openings and the modernisation of existing locations. The company plans [...]

Siemens Industrial Copilot with extended functions

Thyssenkrupp plans to deploy its AI-driven assistant while Siemens announces new features for its Industrial Copilot. The technology group states that it has improved the engineering and operational processes of its Copilot. Siemens has been offering this assistant, named „Engineering Copilot TIA Essential“, on its marketplace, the Siemens Xcelerator Marketplace, since July of this year. The Siemens Industrial [...]

Fressnapf plans further growth

Strategic Realignment for International Expansion Fressnapf is reorganising for international growth. The pet food provider recently announced the transformation of its German headquarters in Krefeld into an international support centre. With this strategic realignment, the company is positioning itself in the best possible way for further international expansion, according to Fressnapf in its press release. The aim is to […]

Nestlé: New German headquarters

Rental space in Frankfurt for around 1,500 employees Nestlé Germany is relocating within Frankfurt am Main. The food group recently celebrated the opening of its new German headquarters in Frankfurt's city centre. Previously, Nestlé's German headquarters were located in the Niederrad district of Frankfurt. Now, they are considerably more central – in the Bahnhofsviertel. This district currently has a poor reputation. […]

Tönnies Holding becomes Premium Food Group

From a meat company to a broadly diversified food producer. The Tönnies Holding will change its name on 1 January 2025. From then on, the group of companies will operate as Premium Food Group (PFG) at holding level. According to a press release from the group, this is in consideration of the development from a meat company to a broadly diversified food producer that has taken place in recent years. The Tönnies brand will remain […]

Schaeffler announces job cuts

Structural measures to increase competitiveness Schaeffler AG is planning structural measures to improve its competitiveness. According to its press release, the Herzogenaurach-based automotive supplier is responding to the challenging market environment. Schaeffler also points to the increasing global competitive intensity and the ongoing transformation, particularly in the automotive supplier industry, in this regard. The measures decided upon have a regional [...]

Telekom switches off 2G network

Improved network coverage for rural areas planned Telekom AG, a German telecommunications company that is among the largest worldwide, plans to fully shut down its 2G network (GSM) on 30 June 2028. As a result, old mobile phones without newer standards such as 4G and 5G will no longer be usable. By shutting down the outdated network, Telekom intends to utilise the freed-up […]

BMW: Factory of the year 2024

Award for Regensburg Plant The BMW Group has received the „Factory of the Year“ award for its vehicle plant in Regensburg. The award for the Regensburg factory is in the „Outstanding Series Production“ category. According to the company, the Regensburg plant is one of over thirty BMW Group production sites worldwide. Up to 1,400 vehicles are produced there per working day […]