Mediterráneo Vida (MedVida), a Spanish lifesavings and annuity insurance company, said that it has signed the terms for the acquisition of CNP Partners in a move to foray into the Italian market. CNP Partners is the Spanish life insurance subsidiary of CNP Assurances, a French insurance corporation. The life insurance company is focused mainly to […]
German technology company Voith has helped Spanish paper manufacturer Papresa start operations of its re-built PM 5 paper machine at its Rentería paper mill in Spain. The PM 5 was converted by Voith from newsprint to testliner and corrugating medium following an order placed a year ago. According to Voith, the PM 5 will enable […]
Accenture has acquired a Spain-based supply chain consulting firm called Alfa Consulting that specializes in operations strategy in capital intensive industries. The financial terms of the deal were not disclosed. Alfa Consulting is headquartered in Barcelona and has offices in Madrid and Mexico as well. The supply chain consulting firm is said to have wide […]
Tech Mahindra has launched a Cloud Gaming as a Service offering to telecom companies, cable companies and original equipment manufacturers (OEMS). The Indian IT company said that the new B2B cloud gaming service will be offered via its cloud-based platform powered by Spain-based Ludium Lab. According to Tech Mahindra, the Cloud Gaming as a Service […]
TotalEnergies and Honeywell, an American multinational conglomerate, have signed an agreement to address the issue of plastic waste that may otherwise be intended for landfills. As part of the deal, Honeywell will supply recycled polymer feedstock (RPF) to the France-based oil and gas company, which will be converted into virgin-quality polymers that could be used […]
Wipro Limited has entered into an agreement with Spanish telecom company Telefónica with an aim to begin the latter’s transformation towards network operations by introducing continuous integration, continuous deployment and continuous testing (CI/CD/CT) in its German and Brazilian markets. The introduction of CI/CD/CT is likely to be expanded to Spain and the UK as well. […]
Tata Consultancy Services (TCS) has entered into a partnership with the Royal Academy of Engineering of Spain (Real Academia de Ingeniería, RAI) to create a new innovative digital framework for offering online access to the latest learning support services and boosting collaboration between global educational professionals. The Indian IT company will use its domain knowledge […]
CaixaBank said that it has divested its stake of 9.92% in Erste Group Bank, an Austria-based retail banking company, for a sum of €1.5 billion. The Spanish banking group sold its interest through a physical settlement of the equity swaps, representing around 19.3 million shares of Erste Group Bank, which is a stake of 4.5%. […]
Soft drinks giant PepsiCo said that it has launched its first two digital hubs in North America and Europe, located respectively in Dallas and Barcelona, in its efforts to accelerate digitalization. PepsiCo said that the hubs will centralize skills and development while delivering artificial intelligence (AI), machine learning, and other emerging digital capabilities. The beverage […]
British engineering company Rolls-Royce has agreed to divest ITP Aero, a Spanish aero engine and gas turbine manufacturer, to a consortium of investors led by Bain Capital Private Equity for nearly €1.7 billion. Apart from Bain Capital, the consortium includes interests to be held by Spanish co-investors JB Capital and SAPA. ITP Aero is an […]