Germany has announced the closure of all three Iranian consulates within its borders in response to the recent execution of German-Iranian dual national Jamshid Sharmahd in Iran. This drastic diplomatic move underscores the deepening strain between Berlin and Tehran as Germany’s Foreign Minister Annalena Baerbock condemned the execution as a significant breach of human rights […]
Vattenfall, a key player in the energy sector, has finalized its strategic review and decided to sell its entire district heating business in Berlin to the State of Berlin. The deal, marking a significant shift in the energy landscape, involves a purchase price based on an equity value of approximately EUR 1.6 billion, derived from […]
VertiGIS, a leading name in Geographic Information Systems (GIS) and spatial asset management, has officially announced the acquisition of ibR Gesellschaft für Geoinformation mbH (ibR). Specializing in GIS technology for cadaster and surveying, ibR’s integration aligns perfectly with VertiGIS’ newly unveiled business unit dedicated to land management across the DACH region—Germany, Austria, and Switzerland. VertiGIS […]
The Government of the Federal Republic of Germany has signed a five-year charter contract with US-based LNG company Excelerate Energy for the floating storage and regasification unit (FSRU) Excelsior (FSRU Excelsior). The contract was signed by Excelerate President and CEO Steven Kobos and Dr. Patrick Graichen, State Secretary at the Federal Ministry for Economic Affairs […]
3i Infrastructure plc has closed its previously announced €182 million acquisition of a 60% stake in DNS:NET, a German telecommunications provider. The Jersey-based infrastructure investment company had bought the stake from capital market company Deutsche Beteiligungs AG (DBAG), DBAG ECF, and DNS:NET’s founder and CEO Alexander Lucke. The deal was signed in April 2021. Alexander […]
EQS Group, a German regulatory technology (RegTech) provider, has acquired 100% of Business Keeper, a Berlin-based SaaS provider for whistleblowing and compliance for €95 million in cash. The sellers of Business Keeper are Macquarie Capital and also the company’s founder Kenan Tur and managing director Kai Leisering. The acquisition is said to help EQS Group […]
PCI Pharma Services, a drug development solutions provider, is set to expand its global clinical trial services with a new clinical center of excellence (COE) at its Berlin location in Germany. The pharma and biopharma outsourcing solutions provider said that the new center will enable it to grow its clinical supply-chain network into continental Europe […]
German chemical producer BASF and Technische Universität Berlin (TU Berlin) have partnered to cooperate in the area of machine learning through the Joint Lab for Machine Learning (BASLEARN) to be based in Berlin, Germany. BASLEARN will focus on developing workable new mathematical models and algorithms for fundamental questions relating to chemistry in the coming years. […]