Siemens Mobility has bagged a contract from Czech Railways to deliver 50 Vectron MS multisystem locomotives with a maximum operating speed of 230km/h. Under the contract, Siemens Mobility will also be responsible for the service of the locomotives for a period of 15 years. According to the German transport solutions provider, the Vectron MS multisystem […]
Preformed Line Products Company (PLP), a US-based precision-engineered solutions provider, has acquired HOLPLAST, based in Czech Republic, for an undisclosed price. Headquartered in Prostějo, HOLPLAST supplies plastic products and wiring material to the Czech and European markets for more than two decades. HOLPLAST is engaged in manufacturing components such as small plastic products, accumulator battery […]
Glenmark Pharmaceuticals said that it has secured marketing approval for Ryaltris, a fixed-dose combination nasal spray, in 13 countries across the European Union (EU) and the UK. Ryaltris (olopatadine 665 µg and mometasone furoate 25 µg) has approval for the symptomatic treatment of seasonal and perennial allergic rhinitis in adults and children, aged over 12. […]
NCL Industries Ltd has signed a joint venture (JV) agreement with Czech Republic-based Moravia Containers for manufacturing modular containers and systems and other products. As per the agreement, the Indian building material company and its affiliates will hold a stake of 74.9% in the joint venture company. According to NCL Industries, its initial equity investment […]
Cigniti Technologies, an Indian quality engineering and software testing services company, has opened an office in Prague, Czech Republic. With the new expansion, Cigniti Technologies is said to further extend its international presence in Europe to address the increasing digital transformation needs of major enterprises based in the region. Presently, the software testing services company […]
Česká zbrojovka Group (CZG), a Czech gunmaker, has agreed to acquire Colt Holding Company, the parent firm of US firearms manufacturer Colt’s Manufacturing and also its Canadian subsidiary Colt Canada for $220 million and 1,098,620 shares of its newly issued shares. The deal also includes potential earnout consideration of up to 1,098,620 shares of newly […]
French payment solutions company Worldline has wrapped up its previously announced acquisition of a 53% stake in GoPay, a Czech Republic-based online payments provider. Financial terms of the deal announced in April 2020 were not disclosed. GoPay operates as an online collecting payment services provider for small and medium-sized businesses (SMB) in the Czech Republic, […]
E.ON, a German electric utility company, has agreed to sell innogy Ceska republika, the entire electricity and gas retail business in the Czech Republic of its subsidiary innogy, to Hungarian power company MVM Group, for an undisclosed price. The sale is subject to receipt of approval from the European Commission and is likely to be […]
European Metals Holdings (EMH), an Australian mineral exploration and development company, said that its shareholders have given approval to an investment of €29.1 million from CEZ Group in the company’s Cinovec lithium-tin project in the Czech Republic. CEZ Group, which is a Czech Republic-based electricity conglomerate, will acquire a 51% stake in Geomet, the Czech […]
French insurance giant AXA has signed a deal to divest its Poland, Czech Republic, and Slovakia businesses to UNIQA Insurance Group, an Austrian insurance company, as per the latest insurance acquisition news. As per the deal terms, AXA will offload 100% of its life and savings, property and casualty and pension businesses in Central and […]