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 [...]
Zalando: Progress on ecosystem strategy
E-commerce provider expects accelerated growth. Following a successful financial year 2024, Zalando anticipates accelerated growth for 2025. According to the Berlin-based retail group, this is driven by the implementation of an ecosystem strategy in the Business-to-Consumer (B2C) and Business-to-Business (B2B) areas. The company's goal, as stated in a recent press release, is to become the leading e-commerce ecosystem for fashion and lifestyle in Europe […]
Mahle: New cooling module for megawatt charging stations
Expansion of smart charging solutions offering Automotive supplier Mahle has received a series order for a new cooling module in the megawatt charging sector. As Mahle explains, the cooling module will be installed in fast-charging stations for electric commercial vehicles. The module can also be used in fast-charging systems for cars and light commercial vehicles, in maritime applications or for rail vehicles. The name of the customer [...]