HUK-Coburg acquires majority stake in Pitstop
Car insurer acquires majority stake in garage chain The insurance group HUK-Coburg, particularly known for its car insurance, acquires a majority stake in the Pitstop garage chain. To this end, the Group subsidiary HUK-Coburg Mobilitätsholding GmbH is increasing its stake in Pitstop.de GmbH, which it has held since 2022, from 25.1 percent to 84.9 percent. According to the HUK-Coburg press release, Bridgestone Europe NV/AS will continue to hold a minority share [...]
S. Oliver with first sustainability report
Overview of the fashion group's sustainability activities The S. Oliver Group published its first sustainability report this fall. According to the company's press release, the report covers the 2023 financial year and provides a comprehensive overview of the fashion group's sustainability activities. It highlights both significant successes and challenges. The report also [...]
Viessmann invests in pre-insulated pipes
Acquisition of Isoplus by Viessmann Generations Group The Viessmann Generations Group (Viessmann for short) acquires the Isoplus Group (Isoplus). The family-owned company, founded in 1917, originally known as a heating manufacturer and now broadly positioned, is thus acquiring a supplier of pre-insulated piping systems. According to Viessmann's press release, Isoplus previously belonged to the investment company Egeria. The investment underscores Viessmann's ongoing commitment to developing the [...]
Decathlon wants to grow in Germany
Major investments in new openings and modernization Decathlon recently announced its growth plans for the German market. The French sporting goods retailer plans to invest up to 100 million euros in Germany by 2027. According to the company's press release, this sum will flow into both new openings and the modernization of existing locations. The company is planning [...]
Aurubis invests in Lünen
40 million euros for new air separation plant Aurubis is building a new air separation plant in Lünen in North Rhine-Westphalia. According to its press release, the metal supplier will invest around 40 million euros in this recycling site. Air separation plants are already in operation at other large Aurubis sites, for example in Hamburg. Increasing the efficiency of production operations According to the company, [...]
Siemens Industrial Copilot with extended functions
Thyssenkrupp plans to use the AI-controlled assistant Siemens has announced new functions for its Industrial Copilot. The technology group says it has improved the engineering and operations processes of its Copilot. Siemens has been offering this assistant, called "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 repositioning itself for international growth. The pet food supplier recently announced the transformation of its German headquarters in Krefeld into an international support center. According to Fressnapf's press release, the strategic reorganization is the best possible way for the company to position itself for further international expansion. 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 company recently celebrated the opening of its new German headquarters in Frankfurt city center. Nestlé's German headquarters were previously located in the Niederrad district of Frankfurt. Now it is much more centrally located - in the Bahnofsviertel. This district does not currently have a good reputation. [...]
Tönnies Holding becomes Premium Food Group
From a meat company to a broad-based food producer Tönnies Holding will change its name on January 1, 2025. The group of companies will then operate at holding level as the Premium Food Group (PFG). According to the Group's press release, this is taking into account the development from a meat company to a broad-based food producer that has taken place in recent years. The Tönnies brand will [...]
Buyer survey: Resilient supply chains and AI as top priorities for purchasing managers
A recent international survey by the Kloepfel Group shows that buyers consider supply chain resilience and the use of artificial intelligence (AI) to be top priorities for procurement managers. As part of the LinkedIn survey initiated by Marc Kloepfel, CEO of the Kloepfel Group, 143 purchasing managers worldwide were surveyed from October 23 to 29, 2024. Survey results The participants were asked [...]