Japanese company Toyo Jidoki Co. Ltd. celebrated the foundation of its new subsidiary Toyo Jidoki Europe GmbH, from which it will manage its European operations.
Investors / FDI
Alibaba Group Holding has acquired the German data-analysis startup “data Artisans” (dA) in a deal reportedly worth some EUR 90 million.
The American multi-technology group is investing roughly EUR 65 million to build a new 2,600-plus sqm factory with two new lines beginning in 2020, which together will produce 5 million square meters of film annually.
Coca-Cola is investing a total of EUR 55 million into two plants in Germany in response to rising demand for non-carbonated beverages in smaller containers.
Infineon Technologies, Germany’s largest chip maker, announced that it was strengthening its long-term collaboration with Denso to bolster its automotive business.
Ping An invested EUR 40 million in the Berlin-based company finleap.
The Russian discounter Torgservis reportedly plans to open more than 100 stores in Berlin, Brandenburg, Mecklenburg-Vorpommern, Saxony, Saxony-Anhalt and Thuringia.
In 1954, John Deere became the first American company to acquire a German one when it bought the tractor pioneer Heinrich Lanz in Mannheim, where 3,000 employees continue to build mid-size tractors for the global market.
Thai Union, the world’s largest producer of canned tuna, is building a new refining plant near Rostock, Mecklenburg-Vorpommern.
The Swedish payment initiation service Trustly has expanded to Germany to have a local presence while serving rising numbers of customers in the German-speaking world.