Otto: Mail order for 75 years
Hamburg-based retail group celebrates its birthday The online store Otto celebrated its birthday at the weekend. As the long-established company announced on Friday, Otto turned 75 on Saturday, August 17, 2024. To mark this anniversary, Otto is organizing numerous campaigns over the coming weeks. Catalog mail order company, online store, platform In its press release, Otto, today the largest German online store and part [...]
Modern and sustainable logistics technologies at Würth Industrial Park
Expansion of the logistics center: Automated high-bay warehouse Würth Industrie Service GmbH & Co. KG has expanded its logistics center in Bad Mergentheim with an automated high-bay warehouse. According to the company, this project represents an important milestone in the company's 25-year history. The Würth Industrial Park is one of the most modern logistics centers in Europe. Every day, around 20,000 customers [...]
Porsche SE: New investment in Flix
Investment in mobility platform together with Kühne Holding and EQT Porsche Automobil Holding SE (Porsche SE) is investing in Flix SE. According to Porsche SE, it is investing an amount in the low double-digit million euro range. Specifically, Porsche SE is investing in the mobility service provider, which is particularly known for its Flixbuses, via an EQT fund. As [...]
Largest mobile freezer shelving system in the United Arab Emirates
SSI Schaefer and Noatum Logistics Middle East successfully conclude project One of the world's leading providers of warehouse automation and deep-freeze logistics SSI Schaefer successfully concludes a cooperation with Noatum Logistics Middle East. Noatum is part of the AD Ports Group and manages the group's logistics division. Together they have developed the largest mobile deep-freeze racking system in the United Arab [...]
New large wind turbine in Mainz
Milestone for Gesellschaft für Alternative Ingenieurtechnische Anwendungen The Gesellschaft für Alternative Ingenieurtechnische Anwendungen (GAIA) begins construction of its largest wind turbine south of Mainz in the Hechtsheim district. The company is one of the leaders in the field of renewable energies. The building permit in accordance with the Federal Immission Control Ordinance (BImSchV) was issued by Mainz city council in July last year. In August [...]
Continental's consolidated results in the second half of 2024
Consolidated sales of €10.0 billion According to its own statements, Continental closed the second quarter of 2024 as expected and achieved better results in all divisions than in the previous quarter. The company also recorded an improvement compared to the same quarter of the previous year. Nikolai Setzer, CEO of Continental, explains: "In Automotive, we have improved significantly and are striving to [...]
Zalando invests in AI
Continued collaboration with OpenAI Berlin-based online retailer Zalando recently reported accelerated sales growth and increased profitability in the second quarter of 2024. At the same time, the company announced that it had invested in new AI-supported offerings. These are intended to make the shopping experience more entertaining. Further investment in AI is also planned for the future. It also highlights [...]
Continental: Possible corporate split
Examination of a spin-off of the Automotive sector Continental is considering a corporate split. The automotive supplier announced on Monday that, following a strategic analysis, the Executive Board had decided to examine a spin-off of the Automotive sector. It is possible that the traditional Hanover-based group will then be split into two independent companies. According to the press release, the aim of this is to maximize the value and growth potential [...]
Galaxus: New German headquarters
Online retailer relocates to Hamburg Galaxus, a subsidiary of the Swiss Migros Group, is moving its German headquarters to Hamburg. According to its press release, the online retailer needs more space. Central location Until now, Galaxus has had its German headquarters in the Hamburg district of Altona. From September, the online retailer will have its German office in the more centrally located Hoheluft-Ost district. The new office is located [...]
Webasto praises its optimization program
Automotive supplier with improved business situation in the first half of 2024 Automotive supplier Webasto recently reported an improved business situation in the first half of 2024. According to its press release, the Stockdorf-based company was able to significantly reduce its expenses and significantly increase its earnings. According to Webasto, this was achieved as part of a program launched at the beginning of the year to [...]