Association of Car Rental Industry Systems Standards

EQS-News: PVA TePla: Sales and EBITDA for 2023 expected at upper end of guidance range after strong third quarter

Retrieved on: 
Tuesday, November 7, 2023

PVA TePla: Sales and EBITDA for 2023 expected at upper end of guidance range after strong third quarter.

Key Points: 
  • PVA TePla: Sales and EBITDA for 2023 expected at upper end of guidance range after strong third quarter.
  • PVA TePla, Wettenberg, a technology provider for high-tech systems, generated sales of EUR 191.2 million in the first nine months of the current year.
  • This represents substantial growth of 46% compared with the same period of the previous year (EUR 131.0 million).
  • In light of its performance year-to-date, PVA TePla expects its full-year figures to reach the upper end of its guidance, which corresponds with sales of EUR 240 to 260 million and EBITDA of between EUR 36 million and EUR 40 million.

Swiss Prime Site: Changes to the Board of Directors

Retrieved on: 
Tuesday, November 7, 2023

The Board of Directors of Swiss Prime Site will propose Detlef Trefzger for election to the Board at the Annual General Meeting on 19 March 2024.

Key Points: 
  • The Board of Directors of Swiss Prime Site will propose Detlef Trefzger for election to the Board at the Annual General Meeting on 19 March 2024.
  • I am delighted to propose Detlef to our shareholders for election to the Board of Directors.»
    Christopher Chambers has decided not to stand for re-election to the Board of Directors of Swiss Prime Site at the upcoming Annual General Meeting.
  • Christopher Chambers has been a member of Board of Directors since 2009.
  • Ton Büchner said: «Christopher has been a very knowledgeable and highly dedicated member of the board.

Regal Rexnord Corporation Declares Quarterly Dividend of $.35 per share

Retrieved on: 
Friday, October 27, 2023

MILWAUKEE, Oct. 27, 2023 /PRNewswire/ -- Louis Pinkham, Chief Executive Officer of Regal Rexnord Corporation (NYSE: RRX), announced that the Board of Directors, at its regular quarterly meeting held on October 27, 2023, declared a dividend of $0.35 per share.

Key Points: 
  • MILWAUKEE, Oct. 27, 2023 /PRNewswire/ -- Louis Pinkham, Chief Executive Officer of Regal Rexnord Corporation (NYSE: RRX), announced that the Board of Directors, at its regular quarterly meeting held on October 27, 2023, declared a dividend of $0.35 per share.
  • The dividend is payable on January 12, 2024, to shareholders of record at the close of business on December 29, 2023.
  • Regal Rexnord is comprised of four operating segments: Industrial Powertrain Solutions, Power Efficiency Solutions, Automation & Motion Control and Industrial Systems.
  • Regal Rexnord is headquartered in Milwaukee, Wisconsin and has manufacturing, sales, and service facilities worldwide.

Mouser Electronics Keynote Sponsor of All About Circuits' Industry Tech Days Virtual Conference

Retrieved on: 
Monday, September 25, 2023

Mouser Electronics , Inc., the New Product Introduction (NPI) leader™ empowering innovation, is proud to be the Keynote sponsor of Industry Tech Days 2023 , hosted by All About Circuits in partnership with Electronica.

Key Points: 
  • Mouser Electronics , Inc., the New Product Introduction (NPI) leader™ empowering innovation, is proud to be the Keynote sponsor of Industry Tech Days 2023 , hosted by All About Circuits in partnership with Electronica.
  • Industry Tech Days 2023 is a highly interactive industry virtual conference designed for engineers.
  • View the full release here: https://www.businesswire.com/news/home/20230925718323/en/
    Mouser Electronics Keynote Sponsor of All About Circuits' Industry Tech Days Virtual Conference (Graphic: Business Wire)
    "We are truly excited to be the keynote sponsor of this industry-leading virtual conference," said Kevin Hess, Senior Vice President of Marketing for Mouser Electronics.
  • All Industry Tech Days 2023 registrants will automatically be entered into drawings for four daily grand prize packages, sponsored by Mouser.

Regal Rexnord Corporation Announces Definitive Agreement To Sell Its Industrial Motors & Generators Businesses To WEG

Retrieved on: 
Monday, September 25, 2023

MILWAUKEE, Sept. 25, 2023 /PRNewswire/ -- Regal Rexnord Corporation (NYSE: RRX) announced today that it has entered into a definitive agreement to sell the Industrial Motors and Generators businesses that comprise the majority of its Industrial Systems segment to WEG, through certain subsidiaries of WEG S.A. (B3: WEGE3 / OTC: WEGZY), for total consideration of US$400 million.

Key Points: 
  • MILWAUKEE, Sept. 25, 2023 /PRNewswire/ -- Regal Rexnord Corporation (NYSE: RRX) announced today that it has entered into a definitive agreement to sell the Industrial Motors and Generators businesses that comprise the majority of its Industrial Systems segment to WEG, through certain subsidiaries of WEG S.A. (B3: WEGE3 / OTC: WEGZY), for total consideration of US$400 million.
  • Regal Rexnord CEO, Louis Pinkham, commented on the agreement: "After a thorough strategic review, we believe this transaction with WEG will be a true win-win for both companies' principal stakeholders.
  • Pinkham concluded, "I would also like to thank our associates at Industrial Systems for their many contributions to Regal Rexnord over the years.
  • I believe the transaction with WEG will create new opportunities for our talented associates in the Motors & Generators businesses."

EQS-News: PVA TePla Group continues to grow dynamically

Retrieved on: 
Thursday, August 3, 2023

High order backlog of almost EUR 300 million, incoming orders largely unchanged year-on-year at EUR 105 million

Key Points: 
  • High order backlog of almost EUR 300 million, incoming orders largely unchanged year-on-year at EUR 105 million
    EBITDA and EBIT almost double, both margins up two percentage points
    The PVA TePla Group continued on its strong growth trajectory in the first half of 2023.
  • With its investments in research and development for applications including semiconductor inspection, PVA TePla is currently preparing to tap the potential of its target group markets to an even greater extent.
  • Accordingly, we are making highly targeted investments in these areas and pressing ahead with our intensive research and development activities,” said Jalin Ketter, CFO and spokesperson of the PVA TePla Management Board.
  • In the reporting period, PVA TePla’s research and development expenses increased by more than 50% from EUR 2.9 million to EUR 4.4 million.

Regal Rexnord Corporation Declares Quarterly Dividend Of $.35 Per Share

Retrieved on: 
Monday, July 24, 2023

BELOIT, Wis., July 24, 2023 /PRNewswire/ -- Louis Pinkham, Chief Executive Officer of Regal Rexnord Corporation (NYSE: RRX), announced that the Board of Directors, at its regular quarterly meeting held on July 24, 2023, declared a dividend of $0.35 per share.

Key Points: 
  • BELOIT, Wis., July 24, 2023 /PRNewswire/ -- Louis Pinkham, Chief Executive Officer of Regal Rexnord Corporation (NYSE: RRX), announced that the Board of Directors, at its regular quarterly meeting held on July 24, 2023, declared a dividend of $0.35 per share.
  • The dividend is payable on October 13, 2023, to shareholders of record at the close of business on September 29, 2023.
  • Regal Rexnord is comprised of four operating segments: Automation & Motion Control, Industrial Powertrain Solutions, Power Efficiency Solutions and Industrial Systems.
  • Regal Rexnord is headquartered in Beloit, Wisconsin and has manufacturing, sales, and service facilities worldwide.

Genesis Electronics Group Announces Manufacturing Partnership With Bart Manufacturing

Retrieved on: 
Monday, June 12, 2023

Salt Lake City, UT, June 12, 2023 (GLOBE NEWSWIRE) -- Salt Lake City, UT – June 12, 2023 – Genesis Electronics Group, Inc. (GEGI), the maker of the autonomous road-to-rail patent-pending shipping technology, Glīd, announced that it has signed a binding exclusive manufacturing partnership agreement with Bart Manufacturing, Inc. to build Glīd units.

Key Points: 
  • Salt Lake City, UT, June 12, 2023 (GLOBE NEWSWIRE) -- Salt Lake City, UT – June 12, 2023 – Genesis Electronics Group, Inc. (GEGI), the maker of the autonomous road-to-rail patent-pending shipping technology, Glīd, announced that it has signed a binding exclusive manufacturing partnership agreement with Bart Manufacturing, Inc. to build Glīd units.
  • Glīd and Bart also confirmed that production of the all-electric Glīd units is projected to start at the end of the summer once final joint design for manufacturing activities are completed, at Bart’s world-class manufacturing facility in Stockton, CA, where they have provided engineered solutions in Technology, Automotive, Aerospace, Industrial Systems, Consumer Electronics and Solar Industries for companies.
  • The learnings from the Beta Program will be applied to Glīd and Bart’s commercialization program’s lifecycle through 2029 which will cover all stages, including the critical planning and launch phases.
  • “Our customized electro mechanical manufacturing approach, combining all elements of our product and services portfolio, makes Bart’s proposition highly competitive – in capital efficiency, launch reliability and speed to market,” said Bart President, Joel Weissbart.

EQS-News: PVA TePla increases sales revenues by 75% in the first quarter, making an outstanding start to the new fiscal year

Retrieved on: 
Thursday, May 4, 2023

PVA TePla increases sales revenues by 75% in the first quarter, making an outstanding start to the new fiscal year

Key Points: 
  • PVA TePla increases sales revenues by 75% in the first quarter, making an outstanding start to the new fiscal year
    The issuer is solely responsible for the content of this announcement.
  • The PVA TePla Group enjoyed a dynamic start to the fiscal year 2023.
  • Even stronger growth was seen in the Industrial Systems business unit, where sales revenues soared by 101.9% to EUR 16.5 million (Q1 2022: EUR 8.2 million).
  • As a proportion of sales revenues, the EBITDA margin increased to 12.3% as against 10.2% in the previous year.

Regal Rexnord Corporation Declares Quarterly Dividend of $.35 per share

Retrieved on: 
Monday, April 24, 2023

BELOIT, Wis., April 24, 2023 /PRNewswire/ -- Louis Pinkham, Chief Executive Officer of Regal Rexnord Corporation (NYSE: RRX), announced that the Board of Directors, at its regular quarterly meeting held on April 24, 2023, declared a dividend of $0.35 per share.

Key Points: 
  • BELOIT, Wis., April 24, 2023 /PRNewswire/ -- Louis Pinkham, Chief Executive Officer of Regal Rexnord Corporation (NYSE: RRX), announced that the Board of Directors, at its regular quarterly meeting held on April 24, 2023, declared a dividend of $0.35 per share.
  • The dividend is payable on July 14, 2023, to shareholders of record at the close of business on June 30, 2023.
  • Regal Rexnord is comprised of four operating segments: Industrial Powertrain Solutions, Power Efficiency Solutions, Automation & Motion Control and Industrial Systems.
  • Regal Rexnord is headquartered in Beloit, Wisconsin and has manufacturing, sales, and service facilities worldwide.