Thyssenkrupp: Strategic realignment
Is the break-up imminent? On Monday afternoon, Thyssenkrupp announced plans for the strategic realignment of the Group. At the same time, rumors of a break-up began to circulate in the business community and the media. According to the press release issued by the long-established industrial company, the Executive Board of Thyssenkrupp AG believes it has made significant progress in developing a strategic target concept for the future direction of the Group as a whole. Before the end of this [...]
Thyssenkrupp Marines Systems: Submarine order from Singapore
Positive market development in the naval sector Thyssenkrupp Marine Systems (TKMS), the naval division of the Thyssenkrupp Group, has received an order for two submarines from Singapore. TKMS and Singapore's Defense Science and Technology Agency (DSTA) signed an agreement on 7 May, as TKMS reported in a press release. High order backlog With this order for two type 218SG submarines [...]
Samsung buys German ventilation manufacturer
Acquisition of the long-established FläktGroup Samsung, a technology group particularly known for its cell phones, acquires FläktGroup, a ventilation specialist based in Herne. FläktGroup's roots go back to the year 1909. According to FläktGroup, it 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 restructures agricultural division in Germany
Focus on strategic technologies and abandonment of the Frankfurt site Bayer recently announced changes to its agricultural division in Germany. According to its press release, the Group is reorganizing the Crop Science Division's activities in the production and research and development of crop protection products in Germany. According to its own statement, the traditional company sees this step as necessary for [...]
Rheinmetall in the direction of space
Joint venture with ICEYE for satellite production Armaments 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 May 8, 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
Takeover by Yamaha is part of Brose's realignment Brose announced on Monday that it is to divest its e-bike drive business. According to the press release from the Coburg-based family business, Yamaha Motor Co., Ltd. will take over this division. If the antitrust authorities give their approval, Brose's e-bike drive and systems business will become part of the Motor [...]
Siemens receives Hermes Award 2025
Annual innovation prize at the Hannover Messe Siemens has been honored 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 increasingly relies 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. The Hannover Messe takes place this year from March 31 to March 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. The technology group with a focus on mechanical and plant engineering also gave a positive outlook for 2025 in its press release. According to its own information, GEA had already raised its forecast for the EBITDA margin before restructuring expenses twice in 2024. The company had previously achieved the financial targets set for 2026 [...]