04 Nov 2021Industrial
Saipem allies with Honeywell to implement digital twin solutions for its next-gen production technology

Key Insights and Signals in Industrial

Mergers and Acquisitions  
Carrier acquires Cavius, an innovative residential alarm company 
Cavius is a pioneer in the advancement of alarms, including the invention of the world’s smallest photoelectric smoke alarm. Cavius will strengthen Carrier Fire & Security’s residential fire safety solutions in Europe, including leading Kidde products. Read More>>
Pentair completes transaction to acquire Pleatco 
The acquisition of Pleatco provides Pentair with additional replacement filter products to be sold through Pentairs existing pool and spa distribution channels and Pleatcos distribution channels. Additionally, Pleatco brings complementary air filtration products to serve the needs of Pentair’s industrial customers. Read More>>
Arbonias acquisition of GVG Deggendorf from Saint-Gobain 
The sale of GVG Deggendorf is part of Saint-Gobain’s corporate strategy to optimize its company portfolio. The Deggendorf site has been flexibly transforming basic glass with a variety of processing options since 1988. Read More>>
Capture 3D joins the ZEISS Group 
With the completion of this transaction, Capture 3D has become part of the ZEISS Industrial Quality & Research segment. Both ZEISS and Capture 3D have enjoyed strong growth in the past years and proved successful on the market. Read More>>
Clearlake Capital-Backed Unifrax completes acquisition of Lydall 
The Unifrax-Lydall combination creates a one-of-a-kind specialty materials platform capable of driving transformative impact in fossil fuel reduction, improved energy storage, and cleaner air. They plan to deliver cutting-edge, market-leading products and innovation. Read More>>
Partnerships 
Plug Power and HevenDrones announce joint development alliance 
Plug Power and HevenDrones plan to cooperate on the commercialization of hydrogen fuel cell-powered heavy-lift actionable drones and related support equipment and infrastructure. The carbon-free and eco-conscious hydrogen system will incorporate a lightweight Plug Power ProGen-based hydrogen fuel cell stack designed explicitly for drone applications. Read More>>
Element Fleet Management partners with ChargePoint, Wex on charging billing system 
The relationship provides a consolidated billing system for charging and fueling across client fleets, integrated with Element’s analytics and dashboard reporting platform. Wex’s technology will help to enable direct integration of fuel and charging data into Elements billing system, allowing for consolidated reporting, visibility, and financial controls for fleet managers. Read More>>
Fujitsu and Trend Micro’s connected car security solution to detect automotive-related abnormalities 
The collaboration will provide a security countermeasure platform for connected cars. It will detect vehicle abnormalities such as gas pedal and brake malfunctions, and add detection functionalities for unauthorised communications and attempts to tamper with telematics servers. Read More>>
Harsco-Magsort relationship to enhance slag recovery 
Harsco Corporation’s environmental division has entered into an exclusive strategic relationship with Magsort Ltd to bring world-leading metal recovery technology to the steel industry. Harsco and Magsort will work to develop an optimized, efficient, and cost-effective solution for customers. Read More>>
Executive Movement 
Morgan Advanced taps Victrex’s Richard Armitage for CFO
Morgan Advanced Materials appointed Richard Armitage to the role of CFO. Armitage, currently CFO of Victrex, will succeed current financial head, Peter Turner. Read More>>
Chung Mong-ju’s eldest son Chung Ki-sun named CEO of Hyundai Heavy Industries 
Hyundai Heavy Industries Group has appointed Chung Ki-sun, vice president of Hyundai Heavy Industries Holdings, as CEO of Hyundai Heavy Industries Holdings and Korea Shipbuilding & Offshore Engineering. Read More>>
Deals and Deal renewals 
Honeywell and Saipem to implement digital solutions for urea production technology 
The solution will be developed on Honeywell Forge, Honeywell’s enterprise performance management solution, to enable customers to improve the production of urea through a virtual simulation of key processes. Read More>>
Allegion announces Overtur integration with software for hardware leading into Dhi Connextions 2021 
Allegion and Software for Hardware have created a handy tool for door, frame, and hardware distributors. Contract and Integrated Hardware Dealers to benefit from new capabilities between the two platforms. Read More>>
ABB to provide charging for Basel buses 
The Basel public transport provider, Basler Verkehrs-Betriebe (BV), aims to convert its entire bus fleet to electrically powered buses by 2027. The public transport provider will procure the 120 vehicles in two stages, while IWB, which is responsible for the power supply, has awarded a major contract to ABB. Read More>>
Center setup and expansion
Harsco opens first new SteelPhalt asphalt plants in 60 years 
The plants will manufacture sustainable asphalt products using 95-percent recycled aggregates, using a process with a 40-percent lower carbon footprint than processes that utilize natural aggregate. Read More>>
Pepperl+Fuchs adds to its capacity with a new facility 
The new building complex replaces the existing production facilities that Pepperl+Fuchs acquired from Siemens in 2010. Alongside the production facilities and attached warehouse, the site also offers spaces for industrial engineering, research and development, and quality management. Read More>>
Japan’s Itochu to expand the industrial park in Indonesia 
Japanese trading house Itochu Corp. developed a 105-hectare site to sell it to Chinese and South Korean companies in addition to Japanese clients. Itochu has already sold more than 90% of the existing plots, primarily to Japanese companies, at the industrial park about 60 kilometers east of central Jakarta. Read More>>
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Latest Industry Insights from Draup Braindesk

Manufacturers are leveraging IoT solutions in areas of connected robots, IoT-enabled predictive maintenance, and digital twins. 

  • Fujitsu launched an endurance line of Wirepas Massive network units. It offers an IoT solution for Real-Time Locating Systems (RTLS) and smart industrial IoT applications. 

  • ABB introduced FLXeon, a new IoT technology that redefines building automation & controls. This solution delivers powerful control, connectivity, and visualization for intelligent buildings. 

  • Schneider Electric’s IoT platform, EcoStruxure, combined with AVEVA’s digital transformation solutions, supports energy efficiency, yield improvement, low greenhouse emission technology adoption, and new green processes. 

With additive manufacturing/3D printing, manufacturing decision-makers perceive prospects for rapid innovation, stimulating new areas of innovation that UK companies are pursuing. 

  • DS Smith partnered with Neadvance and SICK to capture the necessary production data quickly and accurately without adding resources or interrupting production using solution integration and 3D vision camera processing. 

  • DS Smith has partnered with Mitsubishi to implement automated guided vehicles in a fully automated warehouse, including collecting reels from production conveyors, storing, and picking products for orders. 

  • Weir Group partnered with Kinaxis to transform its global supply chain and provide the agility and responsiveness needed to deliver innovative and quality products that enhance customer safety and productivity. 

Key Funding Alert

German startup fruitcore robotics raised EUR 17 Mn (USD 19.8 Mn) to enable automation with industrial robots for the masses 
fruitcore robotics developed HORST (Highly Optimized Robotic Systems Technology), a robotic system that leverages intelligent software and innovative mechatronics. The deep-tech company plans to expand its European presence and extend its digital services. Read more>>

Startup Spotlight

Company –  MOV.AI 
Total Funding  USD 7.57 Bn
About: MOV.AI provides an industry-grade, ROS-compatible O/S for easy mapping, autonomous navigation, obstacle avoidance, and a modern end-user interface that facilitates customization to make autonomous robots a commercial reality. Read more>>

Latest Reports Published in Draup

Element Solutions Account Intelligence Report: Element Solutions builds global specialty chemical solutions by working directly with customers and OEMs to identify opportunities for new product development. It enhances the computer and telecom sectors with AI, 5G, IoT to solve hurdles. Read More>>
Rockwell Automation Account Intelligence Report: Rockwell focuses on cloud technology adoption through acquisition and partnerships for the design, operation, and maintenance of production automation and management systems. It improves workplace safety and optimizes performance-related engagements. Read More>>
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