The business unit leverages its strong competitive advantage thanks to its diversified portfolio and resilient business model and premium strategy Focusing on the Top-End segments and the most profitable use cases of the different light commercial vehicle industries The roll-out of the new purpose-built Vans Electric Architecture (VAN.EA) will secureMercedes-Benz Vans’ lead in electric drive… Continue reading @Daimler: Strategy Update: Mercedes Benz Vans to further strengthen its position as the leading manufacturer
Tag: Strategy
@Daimler: With VAN.EA – a modular and scalable purpose-built EV architecture
Starting 2026, all newly developed midsize and large vans of Mercedes‑Benz will be built on VAN.EA Three modules allow for a clear differentiation between private luxury vans and premium commercial vans as well as for maximum synergies Lead in Electric: Mercedes‑Benz Vans targets an EV share of up to 20% by 2026 and more than 50%… Continue reading @Daimler: With VAN.EA – a modular and scalable purpose-built EV architecture
Macquarie raises hurdles to CDP joining KKR bid for Telecom Italia gridMacquarie is raising legal issues about a possible alliance between CDP and KKR
Australian fund Macquarie is raising legal hurdles over a plan backed by Italy’s Treasury for state lender CDP to join forces with U.S. fund KKR to buy Telecom Italia’s (TIM) landline grid, three sources said. TIM directors have set a final deadline of June 9 for potential improved offers by the U.S. private equity firm… Continue reading Macquarie raises hurdles to CDP joining KKR bid for Telecom Italia gridMacquarie is raising legal issues about a possible alliance between CDP and KKR
Sweden’s Essity kicks off sale of majority stake in HK’s diaper-maker Vinda
Sweden’s Essity has kicked off the sale process for its 52% stake in Hong Kong-based Vinda International – a maker of tissues and diapers, two sources with knowledge of the situation told Reuters. Bank of America, Essity’s adviser on the sale, has sent information to potential buyers including a number of private equity funds, said… Continue reading Sweden’s Essity kicks off sale of majority stake in HK’s diaper-maker Vinda
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WASHINGTON, May 16 (Reuters) – OpenAI, the startup behind ChatGPT, wants the U.S. to consider mandating licenses for companies to develop powerful artificial intelligence like the kind underpinning its chatbot, its chief executive plans to tell Congress on Tuesday. In his first appearance before a congressional panel, CEO Sam Altman is set to advocate licensing… Continue reading Untitled
Atmus Filtration Technologies Announces Launch of Initial Public Offering
NASHVILLE, Tenn.–(BUSINESS WIRE)–Atmus Filtration Technologies Inc. (Atmus), the Filtration business unit of Cummins Inc. (Cummins; NYSE: CMI), today announced that it has launched a roadshow for its proposed initial public offering (IPO). The IPO is for 14,124,409 shares of the common stock of Atmus currently owned by Cummins. The underwriters will also be granted a… Continue reading Atmus Filtration Technologies Announces Launch of Initial Public Offering
Zoomlion Empowers Product and Market Development with Glocalization Strategy
CHANGSHA, China, May 15, 2023 /PRNewswire/ — Zoomlion Heavy Industry Science & Technology Co., Ltd. (“Zoomlion”) shared the milestone achievements of their Glocalization strategy and future roadmap with its global partners and customers at its technological achievements exhibition themed “Technology Salute to the New Era” from May 11 to 14. Continue Reading About 500 Zoomlion’s international… Continue reading Zoomlion Empowers Product and Market Development with Glocalization Strategy
Abu Dhabi Terminals celebrates milestone achievements – recording 10 million man hours without LTI and handling 20 million TEU since inception
ABU DHABI, UAE, May 15, 2023 /PRNewswire/ — Abu Dhabi Terminals (ADT) has announced that it has set a record by exceeding 10 million man-hours without Lost Time Injury (LTI) and by handling 20 million twenty-foot equivalent units (TEU) containers. These achievements represent major milestones for ADT since inception. Recording more than 10 million man-hours… Continue reading Abu Dhabi Terminals celebrates milestone achievements – recording 10 million man hours without LTI and handling 20 million TEU since inception
Apax Funds make approximately $450m investment in travel tech company IBS Software
DUBAI, UAE, May 15, 2023 /PRNewswire/ — Funds advised by Apax Partners LLP (“Apax”) announced today that they have reached a definitive agreement to invest approximately $450m to acquire a significant minority stake in IBS Software, a leading provider of modern Software-as-a-Service (SaaS) solutions to the global travel and logistics industry, from Blackstone. Following the transaction,… Continue reading Apax Funds make approximately $450m investment in travel tech company IBS Software
OptiGroup successfully raises EUR 100 million additional debt from leading investors
GÖTEBORG, Sweden, May 15, 2023 /PRNewswire/ — OptiGroup has raised EUR 100 million via a first lien term loan tap issue in a private transaction in addition to its current EUR 425m first lien and EUR 200m second lien debt financing. Leading international and Nordic institutions participated, and the transaction was oversubscribed. The strong interest… Continue reading OptiGroup successfully raises EUR 100 million additional debt from leading investors