Chicago, IL – HERE Technologies, the leading location data and technology platform, today announced the availability of a solution that makes it easier for U.S. departments of transportation (DOTs) to conduct fixed asset management activities, plan capital investments, and deliver infrastructure performance assessments according to federal regulations. HERE data sources, including HERE map, light detection… Continue reading HERE announces mobile LiDAR data, street-level imagery, and core geospatial data now accessible within Bentley’s Orbit for reality modelling and digital twin workflows
Tag: M and A
World NM: JBM, CESL sign MoU to set up electric mobility ecosystem – ThePrint001302
JBM Renewables, part of the 2.2 billion dollar JBM Group, on Monday signed a memorandum of understanding with Convergence Energy Services Ltd (CESL), a wholly-owned subsidiary of Energy Efficiency Services Ltd (EESL), for setting up an integrated ecosystem for charging of electric vehicles. As a pilot project, JBM and CESL will work towards creating an… Continue reading World NM: JBM, CESL sign MoU to set up electric mobility ecosystem – ThePrint001302
BorgWarner (BWA) Boosts Electrification Portfolio on AKASOL Takeover
BorgWarner Inc. BWA recently announced the completion of the tender offer for shares of AKASOL AG, making the company the owner of 89.08% of AKASOL’s outstanding shares. BorgWarner has paid roughly 648 million euros to settle the arrangement, with the purchase price being 120 euro per tendered AKASOL share. The transaction will be funded primarily… Continue reading BorgWarner (BWA) Boosts Electrification Portfolio on AKASOL Takeover
BorgWarner Completes Tender Offer For 89% Stake in AKASOL
Multinational automotive supplier BorgWarner (BWA) announced that it has completed the tender offer to buy 89.08% of the outstanding shares of AKASOL. AKASOL designs and manufactures customizable lithium-ion battery systems for buses, commercial, rail, and industrial vehicles, as well as for ships and boats. The company has paid approximately €648 million from its current cash… Continue reading BorgWarner Completes Tender Offer For 89% Stake in AKASOL
Astra to acquire electric in-space propulsion company Apollo Fusion
Astra, the space launch startup with plans to go public via a SPAC merger, will acquire electric propulsion maker Apollo Fusion, the company said Monday. Electric propulsion systems are effective at moving spacecraft from lower to higher orbits, even to the moon, Astra Chief Engineer Benjamin Lyon said in a blog post Monday, pointing to… Continue reading Astra to acquire electric in-space propulsion company Apollo Fusion
UPDATE 1-Daimler’s China venture aims to raise capacity 45% at Mercedes-Benz plants -document
(Adds BAIC Motor shares move) BEIJING, June 7 (Reuters) – Daimler AG’s main China joint venture with BAIC Motor plans to add a shift and working days at two Beijing plants that will boost nominal capacity to make Mercedes-Benz cars by 45%, a document on the venture’s Chinese website showed. The projected upgrade at Beijing… Continue reading UPDATE 1-Daimler’s China venture aims to raise capacity 45% at Mercedes-Benz plants -document
Daimler’s China venture aims to raise capacity 45% at Mercedes-Benz plants -document
BEIJING (Reuters) -Daimler AG’s main China joint venture with BAIC Motor plans to add a shift and working days at two Beijing plants that will boost nominal capacity to make Mercedes-Benz cars by 45%, a document on the venture’s Chinese website showed. The projected upgrade at Beijing Benz Automotive Co (BBAC), 49%-owned by Stuttgart-based Daimler… Continue reading Daimler’s China venture aims to raise capacity 45% at Mercedes-Benz plants -document
China EV Maker Betting on Cult Status to Sell a Million Cars
(Bloomberg) — Since last July, a little-known automaker in China’s southwest has dominated the world’s largest electric car market, outselling bigger players and even Tesla Inc. almost every month with a tiny, bare-bones EV that starts at just $4,500. The Hongguang Mini is the brainchild of SAIC-GM-Wuling Automobile Co., a joint venture between SAIC Motor… Continue reading China EV Maker Betting on Cult Status to Sell a Million Cars
DragonPass International and Plaza Premium Group to Offer the Largest Network of Airport Hospitality Services
Better variety, flexibility and seamless solution ready for corporate clients HONG KONG, June 7, 2021 /PRNewswire/ — Plaza Premium Group, the pioneer and industry leader in global travel hospitality services and DragonPass International (DragonPass), the world-leading airport ecosystem digital platform provider, today announces a strategic partnership to offer an exclusive, integrated solution of airport experiences to… Continue reading DragonPass International and Plaza Premium Group to Offer the Largest Network of Airport Hospitality Services
Prince Harry and Meghan Markle’s New Baby “Lili” Likely a Dual Citizen
LONDON, June 7, 2021 /PRNewswire/ — On Friday morning in a hospital in Santa Barbara, California, Prince Harry and Meghan Markle welcomed their second child, Lilibet “Lili” Diana Mountbatten-Windsor. According to US law, any child born in the US or one of its territories automatically becomes an American citizen in most situations. Given that British citizenship… Continue reading Prince Harry and Meghan Markle’s New Baby “Lili” Likely a Dual Citizen