Cicor completes acquisition of Spanish company MADES
MADES employs around 100 people and generated sales of approximately EUR 29 million in the 2024 financial year. The company focuses on electronics solutions for the A&D market, which accounts for the majority of its revenue.
Swift secures $50M to enhance adoption of accurate satellite positioning
Traditional Global Navigation Satellite Systems (GNSS), such as GPS, provide positioning with an accuracy range of 3 to 10 meters. Swift’s Skylark Precise Positioning Service is a cloud-based service that corrects errors in GNSS signals, improving accuracy by 100x—to centimeter level.
Spire awarded European Space Agency contract for weather data
Under the programme, European researchers will have access to Spire Global’s historical Earth intelligence data, including GNSS-Reflectometry and Polarimetric Radio Occultation data, to support cutting-edge science and the development of operational applications.
India’s Amber Group acquires ‘controlling stake’ in Unitronics
Amber Group's subsidiary ILJIN Electronics India has entered into a definitive agreement to acquire approximately 40.24% of the issued and outstanding share capital of Unitronics.
Trump’s new tariffs trigger confusion across the globe
Economists estimate the overall tariff rate on US imports at around 15% compared to the roughly 2% at the start of the year. This makes it the highest level since the 1930s. However, in a hint that Trump was open to further negotiations, the White House said that the new measures will take effect in a week.
Peak Energy delivers grid-scale, sodium-ion BESS in US
With a design that eliminates all moving parts, including active cooling and ventilation components, Peak Energy’s NFPP grid storage battery architecture eliminates the most common failure modes in typical battery storage systems, increasing reliability and reducing operating and maintenance costs.
Rigaku launches XTRAIA XD-3300 mass production for chip market
XTRAIA XD-3300 is capable of performing of direct, non-destructive diffraction measurements of superlattice structures with the highest resolution on microscopic pads on wafers.
Altilium secures $1.3M to advance circular EV battery supply chain
The funding will fast-track the development of a functioning prototype designed specifically for safe, sustainable and cost-efficient collection and transportation of large volumes of end-of-life EV batteries, supporting the development of a circular economy for EV batteries in the UK.
India’s Bharat Forge to set up ring mill for aerospace applications
Bharat Forge has signed contracts with aircraft engine manufacturer Pratt & Whitney Canada for the supply of aerospace components.
GovSat orders defence telecom satellite from Thales Alenia Space
Operating in X, Ka and UHF frequency bands, the satellite will provide secure and jam-resistant telecommunications services for the Luxembourg defence as well as for its partners. The satellite will be built on Thales Alenia Space’s Spacebus 4000B2 platform.
Asylon secures $24 million to enhance automated security
This new capital will power Asylon’s next phase of growth—accelerating product innovation, scaling deployments, and expanding its position as the go-to provider of robotic security services across commercial and government sectors.
Schneider Electric to take full ownership of India unit for €5.5 billion
Schneider Electric will acquire the remaining 35% of Schneider Electric India Private Limited (SEIPL) from Temasek for an all-cash consideration of €5.5 billion. This transaction represents the next step in Schneider’s strategic investment focus on India.
Teramount raises $50M to advance optical connectivity solutions for AI
Israeli company Teramount’s TeraVerse solution is a detachable, serviceable connector that links optical fibers coming from outside the rack to the silicon photonics chips inside Co-Packaged Optics (CPO) systems.
SES AI acquires ESS provider UZ Energy for $25 million
SES AI Corporation is a US-based developer and manufacturer of AI-enhanced Li-Metal and Li-ion batteries. Headquartered in China, UZ Energy specializes in designing and manufacturing energy storage systems (ESS) products for commercial and industrial applications.
European components distribution slowdown continues in 2nd quarter
Semiconductor distribution sales in Europe experienced a significant decline of 14%, amounting to €2.20 billion. Among the major countries, Austria faced again the steepest drop with a decrease of almost 37%, followed by France with a reduction of 20%.
KISTI begins construction of South Korea’s 6th national supercomputer
Korea Institute of Science and Technology Information (KISTI) has signed a USD 275 million contract with HPE for construction of the supercomputer, which will support R&D in high-precision scientific and engineering simulations as well as large-scale AI.
Musashi’s new India hub to focus on energy storage, e-mobility
Musashi will conduct research and development and prototyping activities in the Bengaluru centre, with a focus on developing next-generation energy storage systems and accelerating localisation in e-mobility technologies.
US firm Nextracker launches new AI and robotics business
The launch of Nextracker’s new AI and robotics business initiative is anchored by the appointment of its first chief AI and robotics officer and a series of strategic technology acquisitions.
EIF invests €30 million to boost quantum tech, deep physics
The European Investment Fund (EIF) has announced an investment in Quantonation II, a French early-stage venture capital fund dedicated to deep physics and quantum technologies.
Augmentus raises $11M to advance robotic surface finishing, welding
The funds will be used to accelerate regional deployment of its fully autonomous robotic surface finishing and welding systems, fulfill demand from marquee manufacturing customers, and advance R&D into hyper-adaptive, AI-driven robotic systems built for the factory floor.
Report: Tesla signs $4.3 billion battery deal with LGES
Elon Musk’s company has been looking to reduce reliance on Chinese imports due to US tariffs. The lithium iron phosphate (LFP) batteries will be supplied from LGES’s factory in Michigan.
Tata Power signs 120 MWh BESS agreement with NHPC
The project will help address peak power demand, enhance grid flexibility and enable seamless integration of renewable energy in the southern Indian state of Kerala.
Semiconductors get magnetic boost with new method from UCLA researchers
The investigators demonstrated the ability to produce semiconductor materials containing up to 50% magnetic atoms, whereas current methods are often limited to a concentration of magnetic atoms no greater than 5%.
Denmark buys four MQ-9B SkyGuardians from GA-ASI
The platform provides pole-to-pole satellite control and de-icing capabilities to enable missions in the harsh conditions of the Arctic in support of Denmark and its NATO Allies.
Safran finalises acquisition of Collins flight controls business
The acquired business employs approximately 4,000 people across eight main facilities in Europe (UK, Italy and France) and Asia, and has activities in Poland, USA and India.
India’s TCS to cut 12,000 jobs as it seeks to become ‘future-ready’
As of June 2025, TCS had over 610,000 employees worldwide. The latest job cuts, amounting to about 2% of its workforce, will affect mid-level and senior executives.
Bonsai Robotics acquires farm-ng to enhance autonomous farming
The integration of Bonsai’s high-performance autonomous AI technology with farm-ng’s customizable robotic platform allows for an offering of AI-first machines that can transform crop management.
European defence tech startup Helsing raises €600 million
Helsing sells software that uses AI tech to analyze large amounts of sensor and weapons system data. It also makes its own line of military drones. The investment was led by Prima Materia, the venture capital firm co-founded by Spotify CEO Daniel Ek.
Report: Nvidia orders 300,000 H20 chips from TSMC due to China demand
The Trump administration recently allowed Nvidia to resume sales of H20 GPUs to China, reversing an effective ban that aimed to keep advanced AI chips from reaching China. The new orders with TMSC would add to the existing inventory of 600,000 to 700,000 H20 chips, Reuters reports.
Lyten secures over $200 million to support its acquisition strategy
Lyten intends to accelerate its acquisition strategy and expansion plans in the US and Europe with the additional capital. Lyten has also acquired the rights to Northvolt’s energy storage products, Voltpack Mobile Systems (VMS), Voltrack and future BESS products currently in development.
Faria secures financing for 49.9 MW battery project in Greece
The 28 million euro project is being implemented under the National Recovery and Resilience Plan “Greece 2.0” with funding from the European Union – NextGenerationEU.
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