Belgium

On April 19, Cymo partnered with Volvo Cars to support the carmaker in transforming its production process with a cutting-edge Digital Twin, propelling forward to become a fully event-driven manufacturing company.

Cymo will contribute to the growth of development and analysis teams by enhancing their EDA knowledge, thereby offering critical insights for setting up and maintaining the Event Hub Platform.

Cymo is a Belgium-based startup, dedicated to guiding companies toward a future-proof IT landscape through Event-Driven Architecture. 

Based on Cymo social media updates

On April 13, the Belgian Prime Minister announced that it had discussions between various government agencies and Audi management regarding the future of the Brussels plant.

The production of Audi Q8 e-tron models began in December 2022, with plans unchanged until 2027. Since 2006, Audi has heavily invested in the plant, making it a benchmark in sustainability, achieving carbon dioxide neutrality in 2018. The Belgian government has also supported the site's sustainability and production efforts.

A clear agreement has been made to collaborate on the plant's future, considering the plant's strengths and prioritizing the well-being of its thousands of employees.

Based on Belgian Prime Minister's social media updates

On April 15, FORVIA announced an agreement to transfer its 100 %-owned subsidiary Hug Engineering to the Belgian OGEPAR Group for an enterprise value of EUR 55 million. Hug Engineering is a major player in de-pollution systems for high horsepower engines, currently part of FORVIA’s Clean Mobility business group.

The closing is expected by the end of June 2024 It will contribute to reducing the Group’s financial expense and accelerate deleveraging, while further strengthening and simplifying the Group’s portfolio.

Combined proceeds from the closing of the disposal by FORVIA HELLA of its stake in BHTC and expected proceeds from this transaction, should represent a total amount of EUR 250 million of cash proceeds or 25% of the second disposal program for EUR 1 billion that was announced by FORVIA in October 2023, designed to accelerate the Group’s deleveraging.

Based on FORVIA press release