Europe Business News

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Tennant Company Buys Italy-based IPC Group

Minneapolis-based Tennant Company has reached an agreement with private equity fund Ambienta to buy IPC Group, a privately held designer and manufacturer of commercial cleaning solutions based in Italy. The purchase price was $350 million.

The ROCKWOOL Group Announces Expansion Plans

ROCKWOOL International just announced capacity expansion plans in Sweden, Romania and the United States through the acquisition of land with an eye on establishing three new production facilities.

Skymoons Digital Entertainment Sets Up Shop in Edinburgh

The first Chinese company just launched its first digital game studio in Scotland. Skymoons Digital Entertainment of Chengdu's Tianfu Software Park, with this first UK venture, has joined the ranks of many other Chinese game companies establishing bases in the UK and the European Union.

Xeikon to Expand in India

Xeikon, a digital printing company based in the Netherlands, is establishing beginning this year a direct presence in India to support and service the label, folding cartons and commercial printing segments of the Indian market.

India's Yepme Online Fashion Retailer Launches In The UK

Yepme, one of India's largest online fashion retailers, is expanding into Europe through a series of online marketplace launches in the United Kingdom, Germany, Italy, France and Spain. The first of these,, is now online with over 2000 products ready to ship.

Penske Automotive Acquires U.K.-Based CarShop

Penske Automotive Group, an international transportation services company headquartered in Bloomfield Hills, Michigan, has acquired CarShop, one of the United Kingdom's major retailers of used vehicles.

GE Opens New UK Manufacturing Facility

GE Energy Connections, a primary business division of Massachusetts-based General Electric (GE), has opened its new Redhill Grid Automation manufacturing facility in Stafford, UK.

PAL-V Announces World's First Commercial Flying Cars

Flying cars are no longer just the realm of science fiction or in the imagination. This week Netherlands-based flying car startup, PAL-V, announced its two commercial models, the Liberty Pioneer and the Liberty Sport, both featuring unique Italian styling.

Potentially Explosive Thalidomide Lawsuit Goes to Court in Bonn on February 15

One of the biggest pharmaceutical scandals in Germany is finally coming to court after 60 years. It involves the case of Contergan, a prescription drug with the active ingredient of thalidomide, which created horrible birth defects in many and whose maker Grunenthal GmbH hid its knowledge of the problem for decades. A major new trial on Grunenthal's role on this goes to court in Bonn on February 15.

Cinemo Selected for DENSO Automotive Head Unit Project

Cinemo GmbH, a privately held German developer of high performance multimedia playback, streaming, media management and connectivity middleware for the automotive market, was just selected by DENSO of Japan for integration into DENSO's new automotive Head Unit Project.

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