Knorr-Bremse Acquires Dutch Digital Platform TRAVIS to Expand Commercial Vehicle Services
MUNICH — Knorr-Bremse AG, the German manufacturer of braking systems for trucks and trains, announced on Monday it has agreed to acquire Dutch digital services platform TRAVIS Road Services International B.V. The deal, valued in the mid-double-digit million-euro range, represents the latest step in the company's strategy to build a comprehensive aftermarket ecosystem for commercial vehicle...
German Naval Builder TKMS Sees Shares Jump 23% in IPO Launch
Thyssenkrupp Marine Systems (TKMS), Germany's largest naval shipbuilder, made a strong debut on the Frankfurt Stock Exchange Monday, with shares trading significantly above initial expectations. The stock opened at €60 per share, far surpassing analyst forecasts of approximately €36, and surged as much as 23% to €73.90 during early trading before settling around €89 by midday. The robust...
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UMT United Mobility Technology AG continues to expand its footprint in the logistics sector with the addition of Loth Internationale Speditionsgesellschaft mbH as a new customer for its UMS Vision AI solution. The Munich-based technology company secured the logistics provider as a client for its artificial intelligence platform, which processes incoming transport orders automatically...
The appointment of Evelyn Palla as the new chief executive of Deutsche Bahn marks a significant turning point for the state-owned railway company, which has been grappling with substantial operational and financial challenges. Palla, who previously headed the company's regional transport division, takes the helm following a long line of male predecessors including Hartmut Mehdorn, Rüdiger...
Munich was plunged into a state of emergency following a violent family dispute that resulted in a deadly house fire, multiple explosions, and the temporary closure of the world's largest folk festival. According to investigators, the incident began when a 57-year-old man set fire to a residential building in the northern part of the city and deployed explosive devices. The situation...
Baden-Württemberg's camping industry is poised for a record-breaking year, with camping enthusiasts flocking to popular regions like the Black Forest and Lake Constance. Kurt Bonath, chairman of the State Association of the Camping Industry in Baden-Württemberg, reported that many campground operators described 2024 as their best year ever. The sector anticipates setting new records if...
Lufthansa passengers received temporary relief as the Vereinigung Cockpit pilots' union decided against immediate strike action following a successful strike authorization vote. The union announced Wednesday that no concrete strike measures would be implemented immediately, though it retains the right to call strikes at any time following the ballot that concluded Tuesday.</p>The...
A German man from the Rhine-Main region has finally claimed a €15.3 million lottery jackpot after discovering the winning ticket in his transitional jacket six months after the draw. The family father had played the Lotto 6aus49 game on March 29, correctly guessing six numbers plus the super number, but subsequently forgot about the ticket stored in his jacket's inner pocket.</p>Lotto...
MUNICH — Knorr-Bremse AG, the German manufacturer of braking systems...
Thyssenkrupp Marine Systems (TKMS), Germany's largest naval...
A violent incident unfolded at the Düsseldorf Central Library on...
A large-scale fire in Freiburg's industrial district has caused...
At the 60th session of the United Nations Human Rights Council in...
The small German municipality of Schwanau in Baden-Württemberg has...
Hundreds of demonstrators gathered at Berlin's Brandenburg Gate on...
Thirty-five years after German reunification, women's employment...
