08 Apr 2021Industrial
Predictive AI solutions, automation becomes key enabler for industries

Latest Industry Insights from Draup Braindesk

Exploration techniques have drastically improved with upcoming technologies, resulting in fast and cost-effective explorations.

  • Adnoc with Exxon to develop and accelerate technology solutions to increase oil field operational efficiency and strengthen HSE management. 
  • Exxon introduced an automated hydrocarbon exploration process by jointly developing deep-water exploration robots. 

The Japanese automotive market focuses on developing next-generation vehicle technologies and improving the reach of e-mobility infrastructure. 
  • Hitachi and Toyota partnered to develop test railway vehicles that use hydrogen-powered fuel cells and storage batteries as electricity sources. 
  • DENSO produces silicon carbide power semiconductors for fuel cell vehicles as part of its efforts to achieve a low-carbon society.

Latest Reports Published in Draup

Otis Elevator account intelligence report: Otis aims to deliver remote monitoring and predictive maintenance service offerings to improve elevator uptime. Its revenue decreased by 3% in 2020 due to lower sales volume. They are working on the purification and hygiene of products. Read More>>

Fortive Corporation account intelligence report: Fortive leverages technology for software development, platform upgradation, building integrated solutions, and data management solutions to enhance product usability and customer satisfaction. 
Read more>>

Key Funding Alert

AMP Robotics raises USD 55 Mn from XN, Valor Equity Partners, GV, and existing investors.
AMP Robotics creates a scalable robotic system that reduces recycling costs. The investment will accelerate innovation and scale commercialization to meet the demand for its AI and robotics applications for the waste industry. Read More>>

Startup Spotlight

Company – Lionano
HQ Location – Boston, USA
Total Funding – USD 39.19 Mn
About: Lionano Inc. improves lithium-ion batteries’ key components, the material nano-engineered to create batteries with greater capacity and cycle life, enabling lighter and lower-cost consumer electronics and longer range for electric vehicles. Read More>>

Key Insights and Signals in Draup

Mergers and Acquisitions
Wabtec acquires Nordco
This deal increases Wabtec’s presence in the maintenance of way segment and gives us a strong position in the growing railcar mover market. Read More>>
Snap-on acquires automotive OEM software provider for USD 200 Mn
With this acquisition, Snap-on gains service operations software solutions for automotive original equipment manufacturer customers and their dealers. Read More>>
Ametek to acquire aerospace computing systems maker Abaco
The electronic instrument maker will acquire Abaco valued at USD 1.35 Bn. Their market-leading embedded computing solutions, positioned across several attractive aerospace and defense platforms. Read More>>
Eaton (ETN) acquires Tripp Lite, expands power quality business
Eaton Corporation said that the acquisition would further expand the power quality business in the Americas. Tripp Lite serves data centers, industrial, medical, and communications markets.
Read More>>
The European Commission clears acquisition of Eaton Hydraulics by Danfoss
Under the EU merger regulation, the proposed acquisition of Eaton’s hydraulics business (“Eaton Hydraulics”) by Danfoss, the approval is conditional on full compliance with Danfoss’s commitments. Read More>>
Bharat Forge to acquire 100% stake in Kalyani Powertrain
The auto components firm intends to undertake electric vehicle (EV) business through a special purpose vehicle (SPV), its wholly-owned subsidiary. As an initial step, the company has decided to acquire newly formed group firm Kalyani Powertrain (KPPL). Read More>>
Siemens concludes sale of Flender GmbH to Carlyle Group
Siemens aims to give its portfolio companies, which tend to have the characteristics of medium-sized enterprises, more independence, and autonomy, possibly also connected with a change in ownership. Read More>>
Partnerships
Symboticware & Schneider Electric sign techno-commercial partnership
Both the companies will implement an effective predictive AI solution by offering integrated solutions combining Symbioticware’s patented technologies, hardware solutions, Operating System of Intelligence with Schneider’s advanced analytics solutions and services. Read More>>
DB Cargo UK & Tata Steel collaborate on decarbonization
Tata Steel and DB Cargo UK have successfully trialed 100% renewable hydro-treated vegetable oil in a Class-60 locomotive transporting product from Wales to the West Midlands. Read More>>
Kubota announces new service parts partnership with Syncron
Syncron today announced that Kubota in Europe had selected Syncron Inventory, a core solution of the Syncron Service Cloud, to optimize the company’s service parts inventory. Read More>>
Tetra Pak, Rockwell Automation collaborate to advance performance for powder manufacturers
The companies said their combined business expertise would deliver data and technology to reduce variability and improve quality consistency, ensuring finished products are produced sustainably and cost-effectively within demand-driven manufacturing environments. Read More>>
Gazprom Neft: to work with Japanese corporation FANUC on robotizing industrial facilities
The objective is to test and deploy technical solutions to develop standalone complexes for industrial facilities in the oil and gas industry. This partnership will include joint R&D activities and pilot-construction and technological activities in designing robotic arms. Read More>>
Executive Movement
Roper Technologies appoints Amy Woods Brinkley as its board’s chair
She previously served as President – Consumer Products and Executive Vice President – Chief Marketing Officer. She was associated with Bank of America Corporation for more than thirty years. Read More>>
Stanley Black & Decker appointed a new chief diversity officer
Morgan State University alum Joe Simms was VP of human resources for the manufacturing company’s USD 10 Bn global tools and storage business. Read More>>
Stanley Black & Decker Names Don Allan President and CFO
Allan will drive strategic, long-term profitable growth for the company and take on additional responsibilities, such as executing and advancing its operating model and certain growth initiatives.
Read More>>
Hilti North America promotes Rafael Garcia to the global role
Sr. VP Rafael Garcia has been promoted to the Hilti Group Business Unit head for direct fastening effective January 2022 and will relocate to the global headquarters in the Principality of Liechtenstein. Read More>>
Deals & Deals Renewal
Mouwasat picks Honeywell for energy digitization
The contract, which supports Saudi Arabia’s focus on advancing the country’s healthcare sector, will enable MMS to optimize its energy usage and building maintenance across its six hospital locations in the country. Read More>>
Air filtration system agreement reached by NHDES, Saint-Gobain
The company will install Regenerate Thermal Oxidizers to remove PFAS chemicals from air emissions.
Read More>>
ABB: technology to power the world’s largest seawater desalination project
The Taweelah project will be the first reverse osmosis independent water project in Abu Dhabi which desalinates seawater for supply to local communities and industry. Read More>>
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