04
Oct

As the ZVEI announced, in July 2019 exports of the German electrical industry increased.....

As the ZVEI announced, in July 2019 exports of the German electrical industry increased by 6.3% over the previous year to 18.1 EUR bn.

Imports of electrotechnical goods to Germany increased by 4.1% to 111.7 EUR bn between January and July.

From January to July, exports to industrialized countries increased by 3.6% over the previous year to 80.8 EUR bn.

Deliveries to China increased for the first time in one month (July) by 9.8% to 2.0 bn EUR. Russia increased by 29% to 396 m EUR.

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03
Oct

Rexel Announces the appointment of Thomas Moreau as Chief Executive Officer (CEO) of Rexel France.....

Rexel Announces the appointment of Thomas Moreau as Chief Executive Officer (CEO) of Rexel France. The appointment of Moreau will take effect on 1 October. For the past three years, Moreau has served as Commercial Vice President of Rexel France.
Moreau joined Rexel in 2017 after spending fifteen years in various positions at Schneider Electric, where he became Vice President Business Strategy France in 2014. Moreau graduated from EDHEC Business School.

In addition, Shahab Chaudhry, currently CFO of Rexel Middle East, has been appointed Rexel Canada's Corporate Controller. Chaudhry has held various financial positions within the Rexel Group over the last 10 years and has been instrumental in the growth of the Middle East business in recent years.

His successor will be as of November 1, Ms. Joanne Bjelanovic; she will be based in Dubai.

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01
Oct

The marketing group IDEE located in Gerlingen near Stuttgart celebrated....

The marketing group IDEE located in Gerlingen near Stuttgart celebrated its 25th anniversary under the motto "futureforum - a digital journey" and invited to Rome its European partners / members and main suppliers. IDEE, with its managing director, Heinrich Thye, is represented in electrical wholesaling in 21 European countries with the largest, independent electrical wholesalers.

To say it straight away: The event was a huge success. The topics were carefully prepared, and the speakers were excellent. They were partly Italian professors who all spoke very good English without exception. Great compliment.

Of course, the main topic was digitization and Industry 4.0; Topics that were dealt with very competently and since they also affect every single company have found corresponding approval.

Too bad that there are so few of this kind of event in the electrical industry.

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20
Sep

The Deputy Minister of Construction, Housing and Public Utilities of the Russian Federation, Andrey Chibis, approved the Smart City Standard.....

The Deputy Minister of Construction, Housing and Public Utilities of the Russian Federation, Andrey Chibis, approved the Smart City Standard.

The Smart City Standard consists of a series of measures that must be implemented by all cities that participate in the digitization project by 2024. The standard includes various events in eight areas, e.g. at municipalities, tourism, communal service providers.

The first step, therefore, will be the introduction of digital platforms to engage citizens in the management of urban processes, which should work in every region of the country by 2020.

"Today, there is no single concept for the" Smart City "in the world, and at the same time many cities are striving to obtain such a title. Together with leading experts in the field of digitization and based on the experiences of other countries, we have developed a series of activities that are necessary for the transition to a "smart city" in Russia, "said Andrey Chibis.

The implementation of the Smart City project involves all cities with more than 100,000 inhabitants and all administrative centers.

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Rehau will continue to operate this section still this year....

Rehau will continue to operate this section still this year. From the beginning of 2020, OBO Bettermann will then market these PVC cable trunking systems under the brand "REHAU - Cable Management by OBO", whereby the relevant competition authorities still have to agree.

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nVent Electric, is a world leader in electrical connection and protection solutions, acquired....

nVent Electric, is a world leader in electrical connection and protection solutions, acquired the enclosures manufacturer Eldon based in Jaen / Spain on 4 September 2019.

The purchase price is approx.130 m USD (119 m EUR) and the assumption of debts. Eldon manufactures mainly in Romania and in 2018 they had a turnover of approx. 90 m USD (82 m EUR). The purchase has yet to be approved by the competition authority.

The Eldon enclosure program fits well with nVent, which already has a leading position in the market with its Erico, Hoffmann, Schroff, Raychem and Tracer brands.

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04
Sep

Jichuan Wu , Minister of the Ministry of Information Industry:.....

Jichuan Wu , Minister of the Ministry of Information Industry: “The focus of 5G is not to replace 4G, but to upgrade the industrial Internet”.

 “Where is the application scenario of 5G? It is the industrial Internet.” Jichuan Wu believes that the industrial society is embodied in the form of large factories and assembly lines. However, the future industrial Internet production will be completely different from the traditional production mode. It is the production method based on individualization, digitization and networking

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29
Aug

Osram has canceled the existing standstill agreement with AMS and signed a cooperation agreement. .....

Osram has canceled the existing standstill agreement with AMS and signed a cooperation agreement. This allows the Austrian semiconductor group to submit a voluntary public takeover bid. The offer is expected to be at 38.50 EUR in cash per share, i.e. 10% more than from the financial investors Bain Capital and the Carlyle group. However, the condition for the sale is that at least 70% of Osram shareholders sell their securities.

Olaf Berlien, CEO of OSRAM Licht AG, is pleased that his shareholders can now choose between two offers. It is important for him in addition to a secure financing, the preservation of the interests of his employees. The cooperation agreement with AMS therefore stipulates that Munich will become Co-headquarter with global central functions and the name Osram will remain.

The big challenge lies in the fact that an industrial group with almost 4 bn EUR turnover should be taken over by a much smaller company.

The digital business and the consumer business with LED lamps, however, will be sold.

The deal must still be approved by the relevant competition authorities.

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