Private equity firm Blackstone has sold its remaining 20.50 percent stake worth Rs 4,917 crore in auto component manufacturer Sona BLW Precision Forgings (Sona Comstar). Prior to this transaction, Aureus Investment and Blackstone held 33 percent and 20.5 percent, respectively of Sona Comstar, as the auto technology company’s co-promoters. This stake sale happened via bulk… Continue reading Blackstone sells 20.5% stake in Sona Comstar for Rs 4,917 cr
Tag: Strategy
German Handelsblatt: Car manufacturer: 180 billion euros in five years: Volkswagen expands investments006480
Die Premiummarken um Audi und Porsche und die Leasingsparte VW Financial Services haben dem Volkswagen-Konzern trotz des fortgesetzten Chipmangels ein vergleichsweise gutes Jahresergebnis für 2022 gesichert. Wie der Autohersteller am Dienstagmorgen mitteilte, können die ertragsstarken Konzerntöchter einen zweistelligen Milliardenbetrag auf das Konto der Wolfsburger Zentrale überweisen.Zugleich will der VW-Konzern seine Investitionen für neue Elektromodelle und… Continue reading German Handelsblatt: Car manufacturer: 180 billion euros in five years: Volkswagen expands investments006480
Recovery Continues: Fraport’s 2022 Fiscal Year Marked by Strong Demand
Group result improves to €166.6 million – CEO Schulte expects continued traffic growth during summer by about 15 to 25 percent – Tighter climate targets for 2030: Fraport aims to cut carbon emissions by 78 percent compared to 1990 base-year FRANKFURT, Germany, March 14, 2023 /PRNewswire/ — Fraport AG’s business performance improved significantly in fiscal… Continue reading Recovery Continues: Fraport’s 2022 Fiscal Year Marked by Strong Demand
DB Schenker implements groundbreaking automated e-commerce logistics hub in Spain
– Forefront Autonomous Mobile Robot technology installed in record time for fulfillment to Spain, Portugal, and France – Creating 150 new jobs and high sustainability standards MADRID, March 13, 2023 /PRNewswire/ — DB Schenker, a leading supply chain management and logistics service provider commenced operating one of the largest automated e-commerce facilities servicing its retail… Continue reading DB Schenker implements groundbreaking automated e-commerce logistics hub in Spain
Vitruvian Partners-backed Travel Counsellors announces the strategic acquisition of fast-growing and award-winning travel company Holidaysplease
The acquisition strengthens Travel Counsellors’ position as the UK’s largest technology platform for travel entrepreneurs, which is on track to deliver £1bn+ platform sales in FY23 MANCHESTER, England, March 13, 2023 /PRNewswire/ — Travel Counsellors, the UK’s largest and fast-growing technology platform for travel entrepreneurs, is delighted to announce the strategic acquisition of Holidaysplease Limited… Continue reading Vitruvian Partners-backed Travel Counsellors announces the strategic acquisition of fast-growing and award-winning travel company Holidaysplease
EY announces alliance with o9 Solutions to help modernize supply chain operations through business planning and analytics solutions
Supports visualization through advanced capabilities for demand and supply planning, response management and network optimization Offers detailed system integration support covering development, testing, deployment and hypercare Helps enable intelligent planning through smart decision-making across the core supply chain, commercial and profit and loss (P&L) functions LONDON, March 13, 2023 /PRNewswire/ — The EY organization today announces… Continue reading EY announces alliance with o9 Solutions to help modernize supply chain operations through business planning and analytics solutions
Key partnership boosts OpenSynergy’s Blue SDK
Knowit becomes distributor of the successful Bluetooth® stack from OpenSynergy BERLIN, March 13, 2023 /PRNewswire/ — OpenSynergy, a software company specializing in embedded automotive systems, has appointed Knowit, a leading Swedish consultancy firm, as the distributor for Blue SDK with primary markets of US and Europe. The partnership aims to offer advanced Bluetooth solutions meeting… Continue reading Key partnership boosts OpenSynergy’s Blue SDK
Long-term investors buy Blackstone’s 20.5% Sona Comstar stake in bulk deal
Sona Comstar was formed by the merger of Sona BLW and Comstar Automotive in 2019. Gurugram: Funds affiliated with Blackstone have sold their balance 20.5% stake in Sona BLW Precision Forgings Ltd. (Sona Comstar), one of the leading global providers of automotive technology solutions. Before this transaction, Aureus Investment Private Limited and Blackstone held 33.0%… Continue reading Long-term investors buy Blackstone’s 20.5% Sona Comstar stake in bulk deal
German Handelsblatt: Massive investments: Volkswagen wants to invest 180 billion euros within five years006476
Volkswagen ID. buzz The group wants to invest billions in new models. (Photo: IMAGO/Future Image) Volkswagen is pushing ahead with the electrification of its fleet and intends to invest a total of 180 billion euros by 2027. Two thirds of this should flow into electrification and digitization, said Europe’s largest car company on Tuesday when… Continue reading German Handelsblatt: Massive investments: Volkswagen wants to invest 180 billion euros within five years006476
German Handelsblatt: Massive investments: Volkswagen wants to invest 180 billion euros within five years006476
Volkswagen ID. buzz The group wants to invest billions in new models. (Photo: IMAGO/Future Image) Volkswagen is pushing ahead with the electrification of its fleet and intends to invest a total of 180 billion euros by 2027. Two thirds of this should flow into electrification and digitization, said Europe’s largest car company on Tuesday when… Continue reading German Handelsblatt: Massive investments: Volkswagen wants to invest 180 billion euros within five years006476