LG Electronics, Eaton partner to simplify energy management using intelligent power management technology

Key Insights and Signals in Industrial

Center setup and Expansion
VAT Group to set up the second plant in Batu Kawano Industrial Park
Once completed and running at full capacity, the extension also is expected to contribute approximately 50 percent of VAT’s total global production capacity by 2028. Read More>>

Deal
ABB to deliver traction and battery technologies for Spanish trains
ABB’s compact traction converters and lithium-ion battery-based onboard energy storage systems will power 59 new double-deck commuter trains that will be operated by Spain’s Renfe. Read More>>
Alstom secures CBTC system contract for Turin Metro in Italy
The metros will also be equipped with Alstom’s innovative CBTC solution, which allows for fully automated operation, thus allowing higher capacity on all lines. Read More>>
Kuka wins order for 700 robots from Ford Otosan
The KUKA products and solutions will be used for the production of bodies-in-white and at other various locations over the next few years. Read More>>

Partnerships
Schneider Electric and Nanjing Kisen sign strategic partnership agreement
The strategic partnership agreement will accelerate the digital transformation of cement plants and enterprises in China and beyond, leveraging their shared strengths in advanced digital technologies for energy and resource efficiency. Read More>>
Eaton and LG Electronics to enable flexible home energy management
Eaton will integrate its intelligent power management technology, including its smart breakers and EV chargers, with the LG ThinQ Energy mobile app and LG energy management solutions to simplify load management in the home. Read More>>
SLM Solutions integrates Assembrix VMS software for remote 3D printing
The Assembrix integration enables SLM customers to benefit from a completely secure remote printing process while optimizing their global supply chains. Read More>>
Hilti, Trackunit in a deal to boost digital transformation in the construction sector
The partnership is a joint ambition to increase productivity and eliminate downtime in the industry. It also marks a new digitalization frontier in construction focusing on tools and equipment. Read More>>
BASF and Metso Outotec sign data collaboration agreement with AssetData
BASF will promote its chemicals for the mining solutions and gold industry on the AssetData platform in Russia and the CIS. While Metso Outotec will highlight its industrial pumps internationally throughout the management system. Read More>>

Mergers and Acquisition
Munters acquires Irish data center cooling manufacturer
The USD 32.3 Mn acquisition of Edpac is part of Munters’ strategy to grow and strengthen its presence in Europe. The Swedish air treatment and climate solutions business is already a leading player in the energy-efficient data center cooling solutions market in North America. Read More>>

Executive Movement
Agfa appoints Mona Issa as Financial Planning and Analysis Lead for North America
With a career spanning over two decades as a strategic financial consultant, Mona will focus on expanding and enhancing the management team’s resources for forecasting and process improvement. Read More>>

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Latest Industry Insights from Draup Braindesk

Pall Corporation Account:

Pall Arabia, a joint venture between Pall Corporation and Tanajib, Oil & Gas Company, has expanded manufacturing capabilities to include SepraSol Plus liquid/gas coalescers and advanced Liquid/Gas separation technology supporting the oil, gas, and petrochemical industries in Saudi Arabia.
Pall Corporation has partnered with Cytiva invested USD 1.5 Bn to expand manufacturing capacity and services across geographies for global life sciences customers also increase the manufacture of products used to make biologic medicines. In addition to Cytiva’s continuing capacity investments estimated at USD 500 Mn through 2022.
Pall Corporation has partnered with full-service contract development and manufacturing organization Exothera for USD 7 Mn to enable suspension-based manufacture of gene therapies and viral vector-based vaccines.

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Key Funding Alert

Acciona Energia raises investment in renewables war chest
Acciona Energia has completed the placement of USD 570 Mn, 10-year green bond issuance, proceeds from which will support its plan to double its total installed renewable energy capacity. The Spanish renewables company plans to increase its total established renewable energy capacity to 20GW in 2025 from 10.7GW in 2020, with an investment of USD 8 Bn. Read more>>

Startup Spotlight

Company – Radian
Total Funding – USD 5.65 Mn
About: Radian digitizes and automates work with their own digital MSA platform. The company’s clientele includes companies that provide services and manufacture a variety of products. Read more>>

Latest Reports Published in Draup

Centrax Account Intelligence Report: Centrax focuses on the technology development that combines heat and power systems to be Hydrogen Ready to provide future proof power generation solutions for customers. Read More>>

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