06 May 2021Industrial
This week in Industrial: Companies pivot R&D efforts to develop 3D printing, power and propulsion research, and asset lifecycle management

Latest Industry Insights from Draup Braindesk

The company initiatives focus on self-powered industrial automation and monitoring systems with safety as an essential parameter to enhance their clients’ operational performance. 

  • ABB’s Ability Performance Optimization Service launched for cold rolling mills, offering steel, aluminum, and other metals manufacturers opportunities to reach new levels of operational performance. 
  • Signify works on IoT platforms to unlock the full potential in connected lighting and focuses on data transmission over light spectrum using Li-Fi technology. 
  • Fluke enhances its product portfolio to provide factory monitoring solutions and thermal imaging solutions to develop industrial environments. 

Industrial players are getting a makeover courtesy of A.I. and machine learning to strengthen their industrial automation market. 
  • Datalogic focuses on technologies like artificial intelligence, frictionless shopping, intelligent inventory management, and LIDAR scanners. 
  • Saint-Gobain S.A. aims to accelerate its digital transformation journey by integrating advanced technologies to offer customers a seamless product experience and effective solutions. 

Latest Reports Published in Draup

ABB account intelligence report: ABB will focus on high-growth segments, expansion in digital, and continued ramp down of engineering, procurement, and construction (EPC) business. Its revenue decreased 7% due to the scale of the solar inverters business, and the impacts of the pandemic resulted in reduced business. Read More>>

Sulzer account intelligence report : Sulzer is expanding its R&D capabilities in Switzerland. The company is investing in testing facilities to support the scale-up and commercialization of pioneering biopolymer processes and plastic recycling technologies for the resulting waste problem.
Read more>>

Key Funding Alert

Fujitsu establishes 10 Bn Yen (USD 92.6 Mn) corporate V.C. fund and management subsidiary to drive tech innovations.
Fujitsu Ltd established Fujitsu Ventures Fund LLC under the subsidiary Fujitsu Ventures Ltd to fund promising tech companies globally, including Japan, the U.S., Europe, and Israel. It represents a key tool in a growth investment strategy to drive innovation and accelerate digital transformation (DX).
Read More>>

Startup Spotlight

Company – Freehand
HQ Location – Guildford, United Kingdom
Total Funding – USD 877.13 K
About: Freehand designs and manufactures cost-effective robotic systems that can hold and manipulate a camera during laparoscopic surgical procedures. Their R&D team works with partners and surgeons in the U.K., Europe, and the USA to refine and extend their robotically-assisted surgery technology. 
Read More>>

Key Insights and Signals in Draup

Centre Setup and Expansion
Smurfit Kappa’s Packaging Facility Expansion, Pruszkow, Poland
The company plans to invest more than EUR 25 Mn (USD 29 Mn) in the expansion project, generating 25 new jobs. Construction will commence in July 2021, with completion scheduled for 2022. Read More>>
Yokogawa opens state-of-the-art technology manufacturing center at SPARK Digital Hub
Process control and industrial automation provider Yokogawa’s 12,000 m2 facility at the King Salman Energy Park (SPARK) Digital Hub. It will manufacture internationally bench-marked analyzer systems, transmitters, and control systems panel assemblies to meet domestic demand and export to GCC, Middle East & Africa. Read More>>
Deals and Deal Renewal
Larsen & Toubro Construction wins various contracts for various businesses
The contract ranges from power transmission and distribution, transportation infrastructure, and building, factories business with the value ranging USD 133 Mn – USD 332 Mn. Read More>>
Jenoptik up to speed with fuel cell deal
Fuel cell technology will power Jenoptik’s roadside speed measurement systems which are available off-grid as part of a new deal. The firm has signed an agreement with SFC Energy, specializing in hydrogen and methanol fuel cells for stationary and mobile hybrid power generation solutions. Read More>>
Doosan Heavy Industries & Construction supplies 3D printed parts to the first Korean fighter
This part is one of the equipment and materials that make up the air circulation system in fighter jets. It will also supply parts to Units 2 to 6, including those installed in KF-21 prototype-1 recently unveiled at the release ceremony. Read More>>
ABB to provide power and propulsion solution for ten all-electric ferries
ABB has secured a contract with Spanish shipbuilder Astilleros Gondán to supply the all-electric power solution for fast 40-meter urban passenger ferries. The fleet renewal represents Lisbon metropolitan planners’ commitment to accelerate emissions-free public transport solutions. Read More>>
G.E. and Hitachi ABB Power Grids sign landmark agreement to reduce environmental impact in the electrical transmission industry
The companies signed a non-exclusive, cross-licensing agreement related to using an alternative gas to sulfur hexafluoride (SF6) used in high voltage equipment. This fluoronitrile-based gas mixture has a significantly reduced impact on the environment compared to SF6. Read More>>
Executive Movement
Toshiba CEO resigns amid company turmoil
Toshiba’s top executive, Nobuaki Kurumatani, resigned as the Japanese conglomerate faces a potential buyout and a shareholder-initiated investigation into its management practices. Read More>>
Lincoln Electric announces senior management promotion
Lincoln Electric Holdings, Inc. promoted Lisa Shapiro to VP, Corporate Controller. Shapiro will oversee global accounting and control functions, financial reporting, tax compliance, and finance shared services. Read More>>
Hitachi Kokusai Electric Comark LLC promoted Michael Anderson to CEO
Michael Anderson will be responsible for the day-to-day administrative and operational functions of Hitachi Comark and will report directly to President and CEO Matsuzaka Toshihiro. Read More>>
Siemens: Leadership change at Siemens China
Dr. Xiao Song appointed Chairman, President, and CEO Siemens Ltd., China, and President and CEO Siemens Greater China, effective May 1, 2021. Lothar Herrmann to end his tenure at Siemens China on April 30, 2021, and return to Germany. Read More>>
Partnerships
SAP and Siemens Digital Industries Software expand partnership to deliver new solutions for the service and asset lifecycle management solutions
SAP will offer Siemens’ Teamcenter software service lifecycle management (SLM) portfolio to enable an ecosystem with integrated service engineering and asset operations. It will allow companies to deliver new cloud-based services to help industrial equipment manufacturers to increase critical asset operational efficiency, avoid unplanned downtime and shorten design cycles in asset engineering projects.
Read More>>
Canon Medical expands partnership with RaySearch
Canon Medical Systems USA, Inc. and RaySearch Laboratories AB will enable RaySearch’s U.S. salesforce to distribute Canon Medical’s Aquilion Large Bore CT and Celesteion PET/CT products. Together, the companies will bring their integrated radiation oncology portfolio to more U.S. customers to further enhance care for cancer patients. Read More>>
Vertiv expands business presence with new partnership in Brunei
The partnership allows Vertiv to expand its reach across more customers in the region – in the areas of retail, banking, healthcare, education, and government, among others – by tapping into Sphere Technologies’ local expertise and market knowledge Brunei. Read More>>
Schneider Electric partners with Arravo IT Solution on Micro Data Centre
Schneider and Arravo will launch its 6U wall-mount EcoStruxure Micro Data Centre, eliminating the organization’s information technology (I.T.) closet allow edge computing and networking equipment to deploy almost anywhere. Read More>>
Rakuten Europe partners with blockchain firm Chiliz on fan tokens
Rakuten customers in Spain, UK, and Germany can use Rakuten points to redeem fan tokens through this partnership. They are collectible, tradable digital assets that provide owners with benefits, including voting rights, VIP rewards, club & sponsor promotions, AR-enabled features, and super-fan recognition on Socios.com. Read More>>
Merger and Acquisitions
The Vitec Group acquires Lightstream for USD 35.9 Mn
Additionally, Vitec agreed to pay up to an additional USD 14 Mn over the next three years in conjunction with the business transaction. The total costs of acquiring Lightstream, which reported USD 1.8 Mn in revenues and an EBITDA loss of USD 2.6 Mn in 2020, will be USD 35.9 Mn. Read More>>
Materialise has the option to acquire 3D-printing MES company Link3D
Link3D will be connected directly to Materialise Magics, allowing users to work efficiently with the leading file management software and Link3D’s Manufacturing Execution System (MES). Read More>>
Hitachi’s USD 9.5 Bn acquisition of GlobalLogic
Through the acquisition, the addition of GlobalLogic’s advanced digital engineering capabilities, and its solid client base, including major technology companies, will strengthen the digital capabilities of Hitachi’s “Lumada” portfolio. Read More>>
Johnson Controls acquisition of Silent-Aire Manufacturing
Johnson Controls International PLC agreed to acquire Silent–Aire, a Canadian private hyperscale data center cooling company, for up to USD 870 Mn. Under the terms of the deal, Johnson Controls will pay USD 630 Mn upfront and make additional payments on reaching certain milestones. Read More>>
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