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Kongsberg Maritime to acquire Berg Propulsion 

Kongsberg Maritime ASA announced an agreement to acquire the Swedish company Berg Propulsion AB. The company is a leading designer and manufacturer of integrated propulsion and electrical systems for the marine market (image: courtesy of Berg Propulsion)

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IAA Transportation 2024: first exhibitors announced 

From September 17th to 22nd, companies from the commercial vehicle, transportation, and logistics sectors will present their innovations at IAA Transportation in Hannover. An initial overview of the participating companies highlights the diverse range of this year’s event.

Deutz opens first HVO filling station at its factory site in Cologne 

Deutz has opened a filling station for the latest generation of biofuels (HVO) at its factory site in Cologne-Porz. All diesel-powered vehicles of Deutz can now be refueled at the site with HVO. Deutz will initially purchase the fuel, which is guaranteed palm-oil free from Finnish company Neste.
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MAN confirms CFO and appoints new Chief Human Resources Officer

The Supervisory Board of MAN Truck & Bus SE has extended Inka Koljonen’s contract as Executive Board member for Finance, IT and Legal Affairs for a further five years until 2030, effective February 1, 2025. Furthermore, effective April 1, 2024, Hubert Altschäffl will be the new Chief Human Resources...
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Langley Holdings: 2023 annual report

A few days ago Langley Holdings released its IFRS Annual Report & Accounts for 2023. The Power Solutions Division, encompassing subsidiaries Bergen Engines, Marelli Motori and Piller Group, was a significant contributor to the year’s result.
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Court confirmation of Sono Motors’ insolvency and restructuring plan

Sono Motors, the Munich-based solar technology company and subsidiary of Sono Group N.V., announced the confirmation of its insolvency and restructuring plan by the insolvency court of the local court of Munich, Germany, as well as the closing of its recently announced investor deal with YA II PN, L...
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Proterra battery business becomes part of Volvo Group 

On the 1st February 2024 Volvo announced it has completed the acquisition of battery business from Proterra. The intention was announced in November 2023, when Volvo Group had been selected as the highest bidder in an auction for the business and assets of the Proterra Powered unit.
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