Latest news with #SHIFT
Yahoo
02-06-2025
- Business
- Yahoo
Nexans further enhances its portfolio in Electrification with the acquisition of Cables RCT in Spain
Nexans further enhances its portfolio in Electrification with the acquisition of Cables RCT in Spain Cables RCT is a high-quality, Spanish low-voltage cable producer, with state-of-the-art footprint in Southern Europe and outstanding expertise This acquisition represents an additional milestone in Nexans' strategy to reinforce its footprint in key geographies Paris, June 2nd, 2025 — Nexans, a leader in the global energy transition, has completed today the acquisition of 100% of the share capital of Cables RCT. Based in Spain, Cables RCT offers an extensive copper low-voltage portfolio with a recognized outstanding expertise in flexible fire safety solutions for buildings. The company operates across 30 countries with a strong presence in Iberia. This strategic acquisition reinforces Nexans' commitment to expanding its capabilities in key geographies, by accelerating growth in core market verticals. Founded in 1965, Cables RCT generated 133 million euros of revenues in 2024, employs approximately 175 people and operates one state-of-the-art cable production unit in Zaragoza, as well as logistic facilities in Barcelona, Madrid, Sevilla and Valencia. Furthermore, Cables RCT expects to fully commission within the next few weeks a significant CAPEX program that has been fully funded before the transaction date ; it aims at increasing its production capacity by 25%+ with a focus on fire safety offers to meet growing demand for safer and more sustainable solutions. This acquisition further enhances Nexans' footprint in Southern Europe with highly complementary assets as well as state-of-the-art production capabilities and a strong focus in innovative fire safety products. The move will accelerate Nexans' profitable growth by enhancing efficiency, expanding its portfolio, and driving innovation in the region. Cables RCT's experienced management team will continue to drive future growth and to support Nexans in delivering the substantial deal synergies . Nexans expects meaningful shareholder value creation through an appealing synergies case, fully leveraging Cables RCT's recently upgraded industrial footprint while implementing Nexans' proven proprietary programs, SHIFT. Christopher Guérin, Nexans' CEO said: 'The acquisition of Cables RCT marks another decisive step in executing our strategic ambition to become a Pure Player in Electrification. It will strengthen Nexans' presence in key geographies and accelerate our momentum in selected markets in line with the Group's strategy. We are delighted to welcome Cables RCT team to develop the business and further create value together.' Gonzalo Mateos Tobajas, Cables RCT CEO, emphasized: 'We are proud to join a group that shares our core values and our vision for the future. This ensures continuity – for our people, our customers, and our know-how – while giving Cables RCT the means to respond even more effectively to growing regulatory and technological demands in the field of electrification.' About Nexans For over a century, Nexans has played a crucial role in the electrification of the planet and is committed to electrifying the future. With approximately 28,500 people in 41 countries, the Group is paving the way to a new world of safe, sustainable and decarbonized electricity that is accessible to everyone. In 2024, Nexans generated €7.1 billion in standard sales. The Group is a leader in the design and manufacturing of cable systems and services across four main business areas: PWR-Transmission, PWR-Grid, PWR-Connect and Industry & Solutions. Nexans was the first company in its industry to create a Foundation supporting sustainable initiatives, bringing access to energy to disadvantaged communities worldwide. The Group is recognized as a global leader on climate action and has committed to Net-Zero emissions by 2050 aligned with the Science Based Targets initiative (SBTi). Nexans. Electrify the Future. Nexans is listed on Euronext Paris, compartment more information, please visit Contacts Investor relations Audrey BourgeoisTel.: +33 (0)1 78 15 00 Communication Mael Evin (Havas Paris) Tel. : +33 (0)6 44 12 14 91nexans_h@ Olivier Attachment 20250602 Nexans further enhances its portfolio in electrification with the acquisition of Cables RCT in SpainError in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Zawya
05-05-2025
- Automotive
- Zawya
SHIFT concludes Arabian Travel Market participation with ZEEKR
Dubai, UAE – SHIFT Car Rental wrapped up its participation at Arabian Travel Market 2025 with a clear message: the future of mobility lies in sustainable, scalable, and technology-driven leasing. SHIFT used its platform at the region's prime travel and tourism event to spotlight solutions that meet evolving driver needs. A highlight of the SHIFT stand was the official unveiling of its partnership with ZEEKR, the premium EV brand recently added to the AWR Group portfolio. This marked their first joint appearance at a public event, offering a platform to outline the shared value of the collaboration. Visitors at Arabian Travel Market had the opportunity to experience ZEEKR's groundbreaking electric vehicles firsthand, with the ZEEKR 001 on display. The partnership not only signals the future of eco-conscious mobility in the travel and tourism sectors but also reinforces SHIFT's commitment to cleaner, smarter transportation. Through this venture, SHIFT is expanding its fleet with advanced electric models while introducing tailored leasing packages that make premium EVs more accessible to corporate fleets, hospitality operators, and the wider mobility ecosystem. Sanaa Ouahmane, CEO of AWR Mobility Services and AWR Trading, expressed her pride in the brand's ongoing evolution: 'SHIFT's year-on-year growth is something we are all very proud of. New offerings, relevant collaborations, including our strategic partnership with ZEEKR, and market expansions reflect how the company continues to prioritize the customer experience.' She added: 'By introducing premium electric vehicles and expanding access to eco-friendly mobility solutions, SHIFT is delivering flexible, future-ready options that meet real-world needs while actively supporting the UAE's national sustainability agenda.' ZEEKR's debut at ATM further highlights the brand's growing footprint in the UAE's premium EV market, showcasing its commitment to innovation and sustainable luxury. As a key partner, Shift Leasing continues to drive forward with its green mobility solutions, delivering smarter options for businesses and customers alike. 'ZEEKR's presence at ATM marks a significant milestone for our premium electric brand in the UAE,' said Roberto Colucci, Director of Electric Vehicles at AW Rostamani Group. 'It signals our intent to integrate high-performance EVs into sectors where innovation and sustainability are no longer optional — they're expected. Through partners like SHIFT, we're enabling businesses to transition toward smarter, cleaner fleets without compromising on luxury or experience.' The stand also highlighted SHIFT Car Rental's broader innovation efforts, including custom online dashboards that allow corporate clients to monitor and manage their fleets in real time. These tailored digital platforms provide access to usage data, electronic billing, service scheduling, and dedicated technical support, enabling over 2,000 clients to oversee more than 13,000 vehicles with precision and efficiency. With award-winning standards, ISO certification, and a specific commercial division for van and truck rental, SHIFT continues to deliver cost-effective, future-ready mobility services across the emirates. Its ATM presence reflected both market leadership and a firm commitment to helping the public meet their vehicular goals. About SHIFT Car Rental SHIFT Car Rental, part of the AW Rostamani Group's AWR Mobility Services, is a leading provider of premium car rental and fleet management solutions in the UAE. SHIFT provides all-around commercial packages for both short-term and long-term vehicle leasing. SHIFT Car Rental understands the unique concerns of its clients, providing customized top-of-the-line solutions that suit both individuals and businesses. With a keen focus on innovative technology, SHIFT ensures seamless communication and collaboration through a dedicated web portal connected to high-speed, state-of-the-art servers. ISO-certified and recognized with the Sheikh Khalifa Excellence Award (SKEA) and the Dubai Quality Appreciation Programme (DQAP) Award, SHIFT is the only car rental company to have won both awards. Serving over 700 corporate clients and managing a robust fleet of more than 13,000 vehicles, SHIFT supplies efficient and cost-effective vehicle management options, delivering reliable, flexible, and top-notch service that exceeds expectations. With a commitment to quality, SHIFT offers innovative features such as auto service reminders, personalized toll-free support, spot rentals, and e-billing through an online dashboard. Additionally, SHIFT provides 24/7 roadside and accident assistance, along with hassle-free maintenance scheduling. About Zeekr Zeekr Group, headquartered in Zhejiang, China, is the world's leading premium new energy vehicle group from Geely Holding Group. With two brands, Lynk & Co and Zeekr, Zeekr Group aims to create a fully integrated user ecosystem with innovation as a standard. Utilizing its state-of-the-art facilities and world-class expertise, Zeekr Group is developing its own software systems, e-powertrain and electric vehicle supply chain. Zeekr Group's values are equality, diversity, and sustainability. Its ambition is to become a true global new energy mobility solution provider. Zeekr (NYSE: ZK) is the global premium electric mobility technology brand from Geely Holding Group. Zeekr aims to create a fully integrated user ecosystem with innovation as a standard. The brand utilizes Sustainable Experience Architecture (SEA) and develops its own battery technologies, battery management systems, electric motor technologies, and electric vehicle supply chain. Zeekr's value is equality, diversity, and sustainability. Its ambition is to become a true mobility solution provider. Zeekr operates its R&D centers and design studios in Gothenburg, Ningbo, Hangzhou, and Shanghai and boasts state-of-the-art facilities and world-class expertise. Since Zeekr began delivering vehicles in October 2021, the brand has delivered more than 440,000 vehicles to date including the Zeekr 001, Zeekr 001 FR, Zeekr 009 MPV, Zeekr X urban SUV, Zeekr 007, Zeekr 7X and Zeekr MIX. Zeekr has announced plans to sell vehicles in global markets, and has an ambitious roll-out plan over the next 5 years to satisfy the rapidly expanding global EV demand About AW Rostamani (AWR) Group AW Rostamani Group is a multi-sector, multi-market group and one of the most progressive companies in the Middle East. With a legacy spanning over seven decades, AWR Group employs 3,000 individuals, serving a diverse customer base of over 155,000 individuals and 24,000 businesses. Its core verticals include mobility, real estate, logistics, lifestyle, lighting solutions, travel, agritech, and sustainable packaging. More than just serving the present, AWR Group embraces generation next. It builds purposeful businesses to enrich the lives of every generation, striving to make a meaningful and enduring impact on business, people, and the world. Built on a bedrock of strong founding values, AWR Group continues to evolve with the times and ahead of them, at work for a planet that prospers.
Yahoo
24-03-2025
- Science
- Yahoo
NASA takes to the skies for ‘first-of-a-kind' study of California wildflower blooms
There's more to the California wildflower blooms than meets the human eye, experts say. NASA's Caltech Jet Propulsion Laboratory released findings on Monday surrounding a 'first-of-a-kind' study of flower cycles in the Golden State that could serve as a potential new tool for farmers and natural resource managers. The study employed a JPL-built imaging spectrometer that mapped thousands of acres of nature preserve in hundreds of wavelengths of light, capturing flowers as they blossomed and aged over the course of months. Super bloom substitute: Where to see California wildflowers even in drier years According to JPL research scientist David Schimel, the experiment was the first time the instrument had been deployed to track vegetation steadily through the growing season, making it a 'first-of-a-kind study.' The imaging spectrometer allows for large scale analysis, as opposed to the boots-on-the-ground observations and time-lapse photography methods that are typically used but aren't as good as capturing broader changes. 'One challenge is that compared to leaves or other parts of a plant, flowers can be pretty ephemeral,' said the study's lead author, Yoseline Angel, who is a scientist at the University of Maryland-College Park and NASA's Goddard Space Flight Center. 'They may last only a few weeks.' California officials release new fire hazard map: Check your neighborhood Thus, scientists took to the skies to analyze the flower blooms' most spectacular qualities: their vibrant colors. For example, during a six-month long 2022 aerial vegetation survey of two reserves in Santa Barbara County, scientists observed two native shrub species and were able to identify different flowering stages and spectral differences among flowers, leaves and background cover that crowded the image. Experts stated that this study paves the way for more air- and space-based studies of flowering plants, which represent around 90% of all plant species on land, according to NASA. The data and technology could also support farmers and natural resource managers who depend on these flowering plants – along with insects and other pollinators – to produce commodities such as fruit, nuts, cotton and medicines. The wildflower study was part of the Surface Biology and Geology High-Frequency Time Series (SHIFT) campaign jointly led by the Nature Conservancy, UCSB and the Jet Propulsion Laboratory, which is located at Caltech in Pasadena. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Zawya
05-03-2025
- Automotive
- Zawya
SHIFT revolutionizes mobility with 'Rent-to-Own' program for Chery cars
Dubai, UAE: SHIFT Car Rental, a leading provider of premium car rental and fleet management solutions in the UAE, operating under AWR Mobility Services, introduces its first-ever 'Rent-to-Own' campaign. This initiative gives UAE residents an exclusive opportunity to drive brand-new vehicles without the burden of long-term commitments or financial constraints. Launched in partnership with Chery UAE and running until 28 Feb 2025, the program provides a unique solution, prioritizing flexibility, affordability, and convenience. It reflects SHIFT's commitment to delivering an integrated rental experience tailored to the growing demand for personal transportation options in the UAE. The 'Rent-to-Own' promotion offers a seamless and straightforward process, allowing customers to access a range of Chery vehicles while receiving instant approvals and same-day delivery. This approach eliminates hidden costs, bank involvement, and interest charges, making it a hassle-free alternative for those seeking mobility with no ownership obligations. The extensive selection available ensures drivers can choose a car that fits their specific lifestyle and preferences. Aligning with the country's emphasis on advancing mobility and smart solutions, the initiative positions SHIFT as a key contributor to shaping the future of transportation in the region. Residents can drive a new car without the responsibilities tied to ownership, while enjoying the flexibility to purchase the vehicle at the end of the rental period. This makes it a practical and appealing choice for commuters looking for an easy transition to becoming car owners. Chery, a globally recognized automotive brand, plays a pivotal role in this partnership. Known for its advanced technology and high-quality vehicles, Chery's cooperation with SHIFT ensures that customers in the UAE have access to stylish, reliable, and state-of-the-art cars. This collaboration strengthens the campaign's promise of delivering an unparalleled driving experience backed by the trust and legacy of both brands. As part of the AW Rostamani Group, SHIFT leverages decades of expertise and a reputation for excellence in vehicle management. With a fleet of over 12,000 vehicles and a strong network of 15 branches across the UAE, SHIFT delivers tailored solutions that ensure convenience and reliability. The company's commitment to customer satisfaction is evident through its range of services, including 24/7 roadside assistance, e-billing options, and personalized support. These features make SHIFT a trusted name in the UAE's mobility sector. SHIFT Car Rental has consistently set new standards in the UAE's car rental market. As an ISO-certified company, it has earned multiple accolades, including the Sheikh Khalifa Excellence Award and the Dubai Quality Appreciation Programme Award. These recognitions reflect its dedication to delivering quality and innovation. With its strong focus on technological advancements, SHIFT continues to enhance its services, making it easier for customers to manage their rentals through features such as online dashboards and auto service reminders. For more information about SHIFT Car Rental, visit or contact 800 SHIFT (800 74438). The company's team is ready to assist anyone interested in exploring this exclusive offer and finding the perfect vehicle to suit their needs. About SHIFT Car Rental SHIFT Car Rental, part of the AW Rostamani Group's AWR Mobility Services, is a leading provider of premium car rental and fleet management solutions in the UAE. SHIFT provides all-around commercial packages for both short-term and long-term vehicle leasing. SHIFT Car Rental understands the unique concerns of its clients, providing customized top-of-the-line solutions that suit both individuals and businesses. With a keen focus on innovative technology, SHIFT ensures seamless communication and collaboration through a dedicated web portal connected to high-speed, state-of-the-art servers. ISO-certified and recognized with the Sheikh Khalifa Excellence Award (SKEA) and the Dubai Quality Appreciation Programme (DQAP) Award, SHIFT is the only car rental company to have won both awards. Serving over 700 corporate clients and managing a robust fleet of more than 12,000 vehicles, SHIFT supplies efficient and cost-effective vehicle management options, delivering reliable, flexible, and top-notch service that exceeds expectations. With a commitment to quality, SHIFT offers innovative features such as auto service reminders, personalized toll-free support, spot rentals, and e-billing through an online dashboard. Additionally, SHIFT provides 24/7 roadside and accident assistance, along with hassle-free maintenance scheduling. For more information, visit or call 800 SHIFT (800 74438).
Yahoo
20-02-2025
- Business
- Yahoo
Canada's $2.4T pension industry sees 'troubling divergence' on climate action: Report
Canada's $2.4 trillion pension industry is at odds over climate change, according to a new report by Shift Action for Pension Wealth and Planet Health (SHIFT). Researchers found the country's greenest funds became greener in 2024, while others deepened investments in fossil fuel and shunned net-zero targets. SHIFT monitors the climate actions of Canadian pension funds. The sustainable finance charity graded 11 of the country's largest pension managers in its annual 'report card' published on Wednesday. These include the so-called 'Maple 8,' which collectively invests the retirement savings of over 27 million Canadians. 'Canada's pension sector [is] building internal climate expertise, beginning to help portfolio companies decarbonize, and moving towards strengthening fossil fuel exclusions,' SHIFT researchers wrote. 'The report also exposes a troubling divergence between leading and lagging institutions.' All 11 of the Canadian funds in the study have publicly said climate change poses substantial risks to their investments. SHIFT assigns letter grades based on factors like policy alignment with the Paris Agreement to limit global warming to 1.5 degrees Celsius, restrictions on fossil fuel investment, internal climate targets, and engagement with companies. This year, top marks went to Caisse de dépôt et placement du Québec (CDPQ), Investment Management Corporation of Ontario (IMCO), and University Pension Plan (UPP). All three received B+ overall scores. Alberta Investment Management Corporation (AIMCo) came in at the bottom of the class. 'CDPQ has been the Canadian leader for three years running, but smaller funds IMCO and UPP are now pulling ahead of CDPQ on some indicators,' the researchers wrote. 'AIMCo, already alone in last place in SHIFT's 2023 Report Card, falls down further to an overall score of F.' Last November, the Alberta government fired AIMCo's investment manager's board and senior executives, including CEO Evan Siddall. The province also appointed former prime minister Stephen Harper as AIMCo's new chair, and established a permanent board seat for its deputy minister of treasury board and finance. The shakeup raised concerns about political influence over the nearly $170 billion fund. 'AIMCo's future is unclear, and the politicization of the investment manager is likely to doom any credible steps to align with climate science,' SHIFT wrote in its report. 'The investment manager was already failing on three climate indicators, with no net-zero commitment, no interim targets, and no fossil fuel exclusions.' SHIFT warns 'a dangerous shift in political winds' threatens momentum in recent years towards a net-zero future, citing Donald Trump's re-election as U.S. president, and an imminent federal election in Canada. 'A new federal government in 2025 could look to dismantle the existing carbon pricing system, remove the emissions cap, and further expand oil and gas production. The government of Alberta has already imposed harsh restrictions on solar and wind projects that do not apply to the oil and gas sector, throttling what was the fastest-growing renewable energy sector in Canada,' the researchers wrote. 'Pension funds should not use uncertainty in the political arena as an excuse to dither on their own climate promises and obligations. In fact, it will become even more important for pension managers to maintain and strengthen their own climate plans in the face of any backsliding from governments.' Jeff Lagerquist is a senior reporter at Yahoo Finance Canada. Follow him on Twitter @jefflagerquist. Download the Yahoo Finance app, available for Apple and Android. Sign in to access your portfolio
