Transaction aligned with Magna’s Go-Forward strategy of accelerating investments in high-growth areas Combined pro forma ADAS sales projected to be approximately $3 billion in 2024 Broadens Magna’s ADAS portfolio with complementary products, customers, geographies, engineering and software resources No significant change in leverage profile and continued ample financial flexibility AURORA, Ontario, Dec. 20, 2022 (GLOBE NEWSWIRE)… Continue reading Magna to Acquire Veoneer Active Safety Business
Tag: Strategy
Mexico’s AINDA seeks $600 mln to kickstart fund, Colombian business
MEXICO CITY, Dec 20 (Reuters) – Mexican private equity manager AINDA expects to raise $600 million for a new fund by early next year and will launch projects in Colombia, its top executive told Reuters, as the company seeks to grow its portfolio of public works investments. AINDA, which focuses on environmental, social and corporate… Continue reading Mexico’s AINDA seeks $600 mln to kickstart fund, Colombian business
DevOps Leader Eficode Receives Strategic Investment from Investcorp to Boost Global Expansion
HELSINKI, Finland, Dec. 20, 2022 /PRNewswire/ — Eficode has announced a significant investment from Investcorp, a leading global alternative investment firm. Investcorp becomes a majority shareholder in Eficode, and will partner with Eficode’s founder, Risto Virkkala, and CEO, Ilari Nurmi, to support Eficode through its next phase of ambitious growth and international expansion. Risto, Ilari, and… Continue reading DevOps Leader Eficode Receives Strategic Investment from Investcorp to Boost Global Expansion
Capewell Names Mark Lavender Operations Director of Capewell Europe
SOUTH WINDSOR, Conn., Dec. 19, 2022 /PRNewswire/ — Capewell, a global leader in engineering and manufacturing of aviation aerial delivery and life support solutions, announced it has named Mark Lavender as the Operations Director for Capewell Europe Limited (CEL) – Capewell’s UK-based subsidiary in the United Kingdom – to lead CEL’s UK, European, and Commonwealth… Continue reading Capewell Names Mark Lavender Operations Director of Capewell Europe
USPS Intends To Deploy Over 66,000 Electric Vehicles by 2028, Making One of the Largest Electric Vehicle Fleets in the Nation
Initiative Boosted by Postal Service “Delivering for America” Network Modernization and Funding from Congress Postal Service anticipates increasing the quantity of purpose-built Next Generation Delivery Vehicles (NGDV) to a minimum of 60,000 of which at least 45,000 will be battery electric by 2028. NGDV acquisitions delivered in 2026 and thereafter expected to be 100% electric. Postal… Continue reading USPS Intends To Deploy Over 66,000 Electric Vehicles by 2028, Making One of the Largest Electric Vehicle Fleets in the Nation
Aviation Analytics Market to Reach USD 8.03 Billion in 2030 | Emergen Research
VANCOUVER, B.C., Dec. 20, 2022 /PRNewswire/ — The aviation analytics market reached USD 2.95 Billion in 2021 and is expected to register a CAGR of 12.0% during the forecast period, according to latest analysis by Emergen Research. Increasing volumes of data generation is a key factor driving aviation analytics market revenue growth. Drivers: Increasing focus… Continue reading Aviation Analytics Market to Reach USD 8.03 Billion in 2030 | Emergen Research
Graybar Announces Leadership Changes for 2023
ST. LOUIS, Dec. 20, 2022 /PRNewswire/ — Graybar, a leading distributor of electrical, communications and data networking products and provider of related supply chain management and logistics services, today announced several leadership changes designed to support the company’s long-term strategy for growth and transformation. Tom Twitty has been named Senior Vice President – Supply Chain Management… Continue reading Graybar Announces Leadership Changes for 2023
Mint Eco Car Wash Acquires Tenth Site, Becomes the Largest Car Wash in Palm Beach County
WEST PALM BEACH, Fla., Dec. 20, 2022 /PRNewswire/ — Mint Eco Car Wash has announced the acquisition of its tenth site in Palm Beach County, officially making the award-winning, local brand the largest car wash business in the County. “We announced at the beginning of 2022 that Mint Eco’s mission is to bring happiness to… Continue reading Mint Eco Car Wash Acquires Tenth Site, Becomes the Largest Car Wash in Palm Beach County
Green Motion Announces Azerbaijan Location
Bahruz Safarov and his team take on the Green Motion franchise. Photo: Green Motion Green Motion International announced the sale of its latest Master Country Franchise in Asia on Dec. 19. It is in Azerbaijan, a country that is recognized as one of the most in-demand tourist and business traveler destinations, enjoying a 78% increase… Continue reading Green Motion Announces Azerbaijan Location
German Handelsblatt: Automotive industry: Audi manager Dirk Große-Loheide becomes the new head of purchasing at Volkswagen005871
Dirk Grosse-Loheide The VW native has been Head of Purchasing at Audi since April, having previously been responsible for procurement on the brand board at Volkswagen. (Photo: Volkswagen) After the new Volkswagen boss Oliver Blume had already reorganized the software strategy, the new CEO Oliver Blume is now also making personnel changes: On Tuesday, Europe’s… Continue reading German Handelsblatt: Automotive industry: Audi manager Dirk Große-Loheide becomes the new head of purchasing at Volkswagen005871