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Philips to repurchase up to 6 million shares to cover long-term incentive plans

2025-06-05 eIndustry

The repurchases will be executed through one or more individual forward transactions, to be entered into in the course of the second and third quarter of 2025, in accordance with the Market Abuse Regu…
» Evertiq

Posted in: Uncategorized

Samsung acquires German HVAC firm FläktGroup for €1.5 billion

eIndustry

FläktGroup supplies high-reliability and high-efficiency HVAC systems to a wide range of buildings and facilities, including data centers that require stable cooling.
» Evertiq

Posted in: Uncategorized

Report: Former Kia India workers, scrap dealers face probe over engines theft

eIndustry

Kia lodged a police complaint in March in Andhra Pradesh, saying that an internal review showed over 1000 engines sourced from Hyundai were missing, according to Reuters.
» Evertiq

Posted in: Uncategorized

Northrop invests $50M in Firefly to advance medium launch vehicle

eIndustry

Built upon Northrop Grumman’s Antares and Firefly Aerospace’s Alpha rocket, Eclipse offers a significant leap in power, performance, production cadence and payload capacity.
» Evertiq

Posted in: Uncategorized

Energy Vault, Jupiter sign deal for additional 100 MW BESS

eIndustry

The BESS system will be built with the Energy Vault’s proprietary X-Vault integration platform using Energy Vault’s proprietary UL9540 certified B-VAULT product, and VaultOS Energy Management Syst…
» Evertiq

Posted in: Uncategorized

GF looks to reshore chipmaking in $16B US investment

eIndustry

Working with the Trump administration and supported by tech companies seeking to onshore critical supply chain components, GlobalFoundries plans to invest USD 16 billion to expand its manufacturing an…
» Evertiq

Posted in: Uncategorized

Ecobat completes sale of European battery distribution business to Endless

eIndustry

The battery distribution division has been a meaningful part of Ecobat’s European portfolio, supplying a comprehensive range of batteries for various applications, including automotive, commercial v…
» Evertiq

Posted in: Uncategorized

Agfa, Technica announce partnership for US Orgacon distribution

2025-06-04 eIndustry

Orgacon is Agfa’s advanced portfolio of conductive inks and coatings that includes coating formulations and EL-P screen inks for optical, anti-static and printed electronic applications.
» Evertiq

Posted in: Uncategorized

Four-day week possible VW’s Wolfsburg plant

eIndustry

Because Volkswagen will be restructuring its Wolfsburg plant from 2027 to make way for EV-only production, work weeks may temporarily be only four days long.
» Evertiq

Posted in: Uncategorized

Nvidia selects Navitas to collaborate on 800 V HVDC architecture

eIndustry

Navitas’ high-power GaNSafe power ICs integrate control, drive, sensing and critical protection features, enabling reliability and robustness.
» Evertiq

Posted in: Uncategorized

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