Europe

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US Insight expands in Europe through Inmac adquisition

US company Insight Enterprises, a global technology provider of hardware, software and service solutions, has announced that its European operation will acquire Frankfurt-based Inmac, a broad portfolio B2B hardware re-seller based in Germany and Netherlands servicing clients across Western Europe. Inmac’s revenues are approximately $120 million. The transaction is expected to in mid-February. “We are extremely excited about the acquisition of Inmac, which will provide a great team, broad client base…


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Shopping in Europe

NEW YORK | While European companies and banks try to forget this annus horribilis, some US financial firms are rubbing their hands: under pressure from regulators, Europeans will have to shed up to $3 trillion in assets over the next 18 months, according to Morgan Stanley. Market dislocation on this side of the Atlantic means also a great occasion for American companies to go shopping. This month the German Commerzbank…




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Adform opens shop in Spain after Italian job pays off

Defying the financial storm over the Club Med, Danish medium-sized online company Adform has now opened a branch in Spain. After it began serving the Italian market less than 10 months ago, Adform says it has experienced substantial growth or strong enough as to drive the firm to Southern Europe. Adform delivers campaigns for over 2,750 clients across 4,925 global web publishers in more than 25 countries worldwide. The company attributes its…


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Nokia Siemens Networks’ 17,000-job cut plan looms over workforce in Europe

Nokia Siemens Networks plans to reduce its workforce by 17,000 during the next two years. The firm, whose headquarters are based in Finland, did not provide further details, although according to the company’s financial report, net sales have suffered a fall since 2009 in the US, and the UK and Spain in Europe. While the US only represents 5pc of its global market, Europe accounts for a much larger 34%. Rajeev…


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“Our debt is owed to each other, Europe’s fundamentals still are sound”

The chairman of Telefónica César Alierta defended at the opening of the Latibex Forum the strength of the European economy. Here is an extract from the Cinco Días chronicle of the event, with some interesting statements made by Mr Alerta. “César Alierta, chairman of Telefónica, said that the Spanish operator is the largest investor in Latin America, adding that this year it will invest more than €5 billion. Mr Alierta…


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Where there’s innovation, there’s hope

LONDON | Just how does innovation relate to the economy, and what does it mean that US and European firms hold all positions at the Top 10 list? The 100 leading innovative firms added more than 400,000 new jobs in 2010 over 2009, three percent more than the prior year and greater than the percentage increase in growth experienced by the S&P 500 for the same period, a comparison of market…