22 Apr 2021Industrial
This week in Industrial: Bipedal walking robots, autonomous machines to serve smart factories in various sectors.

Latest Industry Insights from Draup Braindesk

Artificial Intelligence, Cloud Computing, and the Internet of Things are the key focus areas among top companies for their digital initiatives. 

  • B.P. and Huston Technology developed a cloud-based geoscience platform using Artificial Intelligence to gather information on geophysics, reservoir, and historical project information and creating knowledge on B.P.’s surface assets. 
  • ExxonMobil introduced an IoT-enabled leak detection system by real-time monitoring using infrared images and computer vision, allowing the company to make real-time decisions, reduce equipment failure, reduce downtime, resulting in complete plant automation. 
  • Shell uses an Artificial Intelligence based monitoring system to monitor more than 5,200 pieces of equipment across upstream and downstream manufacturing and also monitoring its integrated gas assets. 

Companies are developing smart manufacturing facilities using robotics AI/ML and high-speed internet to automate their activities in production & refining. 
  • Total and Emerson partnered to develop Paradigm, cloud-based software that records day-to-day activities for fast operations. 
  • Tokyo Gas introduced Tokyo Gas Ultrasonic Gas Meter, a smart gas meter using ultrasonic measuring technology for Automated Gas Metering. 

Latest Reports Published in Draup

Siemens Mobility account intelligence report: Siemens Mobility focuses on software and digital technologies, selling, and general administrative expenses as a percent of revenue. Its revenue increased 1.6% compared to 2019, but lower revenue in the rail infrastructure sector partially offset it. Read More>>

Danfoss account intelligence report: Danfoss focuses on developing integrated energy-efficient heating and cooling solutions, advanced components, systems, and software using proven technology to serve the climate solutions industry. 
Read more>>

Key Funding Alert

Fort Robotics closes USD 13 Mn in funding.
It is a pure-play technology company creating safety and security solutions for autonomous machines. The company intends to use the funds to double the size of its workforce and expand its product offerings in key markets. Read More>>

Startup Spotlight

Company – Agility Robotics
HQ Location – Portland, Oregon Area, USA
Total Funding – USD 28.79 Mn
About: Agility Robotic’s legged locomotion expertise is built on academic research history, including the bipedal walking and running robot ATRIAS. Its products address the real-world needs of rugged, efficient, and highly capable mobility platforms. 
Read More>>

Key Insights and Signals in Draup

Mergers and Acquisitions
Atlas Copco acquires Iberica Vacuum
Through this acquisition, Atlas Copco will get the opportunity to serve current customers better and further strengthen their market presence for the Edwards brand in this key region of Southern Europe.
Read More>>
Fujifilm acquires Hitachi’s diagnostic imaging business for USD 1.6 Bn
Hitachi split off its imaging business as a separate company absorbed by FUJIFILM Healthcare Corporation, established as a successor to Hitachi. Following the deal’s competition, FUJIFILM Healthcare Corporation is now operating as Fujifilm’s wholly-owned subsidiary. Read More>>
Evoqua Water Technologies completes acquisition of Water Consulting Specialists, Inc.
Water Consulting Specialists’ acquisition will strengthen Evoqua’s portfolio of high-purity water systems and further expand in key industrial markets. Read More>>
Alstom extends its expertise in braking systems for Railway Industry
With this acquisition, Alstom extended and strengthened its expertise in braking systems, a key element in trains’ overall technical performance. Read More>>
Lincoln Electric buys robotic assembly and arc welding company
Zeman Bauelemente’s integration with Lincoln Electric offers them their industry-leading automation portfolio. The combination provides structural steel fabricators the advantage of greater productivity and capacity to meet the growing demand from structural steel and infrastructure projects. Read More>>
General Atomics acquires data analytics company CCRi
The inclusion of CCRi within the G.A. group will accelerate the delivery of actionable intelligence through the dynamic conversion of data to knowledge. CCRi will continue to serve defense and intelligence communities meanwhile. Read More>>
Partnerships
Kubota partners with Tavant to track equipment field defects
Tavant announced the implementation of the AI-powered Tavant Manufacturing Analytics Platform (TMAP) at Kubota Tractor Corporation. The platform powers the Kubota Quality System (K-QA) to track equipment field defects. Read More>>
Mitsubishi Mahindra, Kubota to explore Agri solutions for the Japanese market
The Japanese subsidiary of Mahindra & Mahindra entered into a business collaboration arrangement with Kubota to meet customer needs and contribute towards sustainable development of Japanese agriculture by expanding mutual OEM supply and utilizing products compatible with Kubota’s IoT platform ‘KSAS.’ Read More>>
Hitachi ABB and NTU Singapore to collaborate on Solid State Transformer tech
The project is part of Singapore’s flagship Energy Grid 2.0 to shape the next-gen grid system. It consolidates multiple energy sources into a single intelligent network that is more efficient, sustainable, and resilient. Read More>>
Executive Movement
Hitachi Cable America Inc., Performance Cable Systems & Materials Division appoints Tom Artinian as Chief Operating Officer
During his first year with the company, Tom has been a key contributor to the HCA Executive team and a transformational leader for HCA-NH. Read More>>
Vontier announces the appointment of Maryrose Sylvester to its board of directors
Ms. Sylvester is a strategic, growth-oriented leader passionate about technology, innovation, sustainability, and automation. She served as U.S. Managing Director and U.S. Head of Electrification for the ABB Group. Read More>>
Rexel appoints New CEO
France-based electrical distributor Rexel announced that Patrick Berard would step down as CEO on Sept. 1, 2021. He will be succeeded on that date by Guillaume Texier, who held senior management positions at Saint-Gobain. Read More>>
Schneider Electric names Chris Collins as next country president for Ireland
Mr. Collins takes over at the company’s Maynooth, Co Kildare offices from Kelly Becker, who Schnieder recently appointed as zone president for U.K. and Ireland. Read More>>
Methode Electronics adds Janie Goddard to its board of directors
Methode Electronics, Inc., a global developer of custom-engineered and application-specific products and solutions, announced today the election of Janie Goddard as a company director. Read More>>
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