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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28
Aug

The Danish electrical wholesaler A & O Johansen achieved sales of....

The Danish electrical wholesaler A & O Johansen achieved sales of 1,718.1 m DKK (243.8 m EUR) in the first half of 2019, which is 5% more than in the same period of last year.

The operating profit (EBIT) was 83.6 m DKK (11.2 m EUR); here an increase of 4.9%.

Profit before tax amounted to 80.3 m DKK (10.8 m EUR), an increase of 13.9% to the previous year.

For the second time in only 4 years, A & O received the e-commerce award from the Danish E-Commerce Association FDIH. The CFO Henrik T. Krabbe will be leaving at the end of the year. The Board of Directors was authorized to acquire own preference shares equivalent to a total of 10 % of the Company’s share capital. 

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