US Investor Consortium Acquires Germany's Galeria

11 Apr 2024 CW Team

Germany's Galeria, a prominent retail chain, has been acquired by a consortium led by US investor Baker and Beetz. The deal signifies a cross-border transaction strengthening ties between US and German investors in the retail sector. The acquisition is poised to bring strategic synergies and opportunities for growth in the European retail market.

Galeria, known for its wide range of products and strong presence in the German retail landscape, attracted interest from international investors seeking to capitalise on its established brand and customer base. The consortium, led by Baker and Beetz, aims to leverage Galeria's strengths and enhance its market position through strategic initiatives and investments.

The acquisition reflects the growing trend of global investors seeking opportunities in the retail sector, particularly in established markets like Germany. With consumer preferences and shopping habits evolving rapidly, investors are increasingly looking to diversify their portfolios and tap into new growth avenues.

Both parties have expressed optimism about the prospects of the deal and their ability to drive value creation for Galeria and its stakeholders. The consortium plans to leverage its expertise and resources to support Galeria's expansion plans and strengthen its competitive position in the retail industry.

The completion of the acquisition is subject to regulatory approvals and customary closing conditions. Upon finalisation, the consortium will work closely with Galeria's management team to implement its strategic vision and unlock new opportunities for growth and success in the European retail market.

Infrastructure Transport

13 Oct 2025

Tata, Airbus to Build India’s First Private Helicopter Line

In a landmark development for India’s aerospace sector, Tata Advanced Systems Limited (TASL) and Airbus will establish the country’s first private-sector helicopter assembly line in Vemagal, Karnataka. The facility will manufacture the Airbus H125 and H125M, marking a significant milestone in India’s push for self-reliance in aviation and defence manufacturing. The new Final Assembly Line (FAL) will produce the H125, the world’s best-selling single-engine helicopter, known for its versatility and performance in extreme environments. The first ‘Made in India’ H125 is expected to ro..

NeGD to Support Bharat Taxi in Building Cooperative Ride Platform

In a significant move for India’s digital and mobility transformation, the National e-Governance Division (NeGD) of the Digital India Corporation, under the Ministry of Electronics and Information Technology (MeitY), has entered into an advisory partnership with Sahakar Taxi Cooperative Limited, the company behind Bharat Taxi — a first-of-its-kind, cooperative-led national ride-hailing platform. A Memorandum of Understanding (MoU) has been signed between NeGD and Sahakar Taxi to provide strategic advisory and technical support covering key areas such as platform integration, cybersecurity..

MeitY Hosts Pre-Summit for India–AI Impact Summit 2026

The Ministry of Electronics and Information Technology (MeitY), Government of India, hosted a series of Pre-Summit events for the upcoming India–AI Impact Summit 2026 at the India Mobile Congress (IMC) 2025 in New Delhi. These sessions mark a key milestone ahead of the main summit, scheduled for 19–20 February 2026 at Bharat Mandapam, New Delhi. Delivering the inaugural address, S. Krishnan, Secretary, MeitY, highlighted India’s innovative and frugal approach to AI development. “We have adopted innovative means by learning from others’ experiences to build projects and products that..