Volvo Group signs an option agreement to divest Arquus
Defence - Volvo Group has signed an option agreement with John Cockerill Defense which gives the Volvo Group the right to sell Arquus after mandatory consultations
Source: business-review.eu
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Volvo eyes sale of Arquus to John Cockerill, takes $87 million hit
Volvo expected consultations to become finalised during the first quarter of this year. In 2022, Arquus, with about 1,200 employees in France, represented around 1% of Volvo Group revenues, it said in a statement. "This prospective acquisition contributes to strengthening cooperation between France and Belgium in a strategic sector," said Belgium's John Cockerill in a statement.
Source: yahoo.com
Belgium's Cockerill to buy French armored-vehicle maker Arquus
John Cockerill expects defense revenue of €1 billion (U.S. $1.1 billion) by 2026 from the combination of its defense division with Arquus.
Source: yahoo.com
Top 4 companies that will benefit from govt's electrolyser incentive schemee
These 4 Indian green hydrogen companies are gearing up to capitalise on the PLI scheme
Source: livemint.com
More actions in need for EU bonanzas
The European investment picture in Vietnam is still some way off reaching its potential, but trends indicate forward motion moving through this year and beyond.
Source: vir.com.vn