ABB and Hasco form JV to power smart manufacturing in China’s auto industry

Key Insights and Signals in Industrial

Center setup and Expansion  
Murata to start construction of new R&D Building 
The new R&D building will be used for developing plating technology suitable for making electronic components smaller, thinner and lighter, as well as the necessary technology to enable mass production. Read More>>
Schneider Electric to build on-campus data center for University of Birmingham Dubai 
The data center, which will deliver energy savings of up to 15% while operating at peak performance, is being built on Schneider Electric’s technology, and implemented by systems integrator CDW. Read More>>
Alstom selects Teleste to deliver onboard systems for a large project in Europe 
The agreement between the companies covers a wide range of Teleste’s systems, including visual and audio passenger information management, video surveillance, and seat reservation solution. The systems will work in real-time with the central on-the-ground systems. Read More>>
Valmet to supply automation and quality control systems to Irani Papel e Embalagem in Brazil 
These future-proof solutions will be integrated into Irani’s Gaia platform to ensure a more accessible, efficient, and secure operation and maintenance through a common user interface and engineering environment. Read More>>
SoCalGas to deploy Doosan hydrogen drones in pipeline inspections 
Doosan Mobility Innovation has struck a triangular partnership with utility Southern California Gas Co. and clean energy firm GTI to develop the use of hydrogen-powered drones for pipeline inspections and other long-flying business and public services. Read More>>
Eaton’s smart circuit breaker tech joins the SmartThings Energy platform 
As part of the collaboration, users of the SmartThings Energy platform can help Eaton smart circuit breakers to monitor and gain insights into energy use from connected technology beyond Samsung devices throughout their homes. Read More>>
Chart and Howden team up for hydrogen solutions 
U.S. LNG engineer Chart Industries and Howden have signed a collaboration deal to bring more cost-effective, standardized solutions within an integrated and optimized service offering. Read More>>
AUO partners with leading brands to showcase cutting-edge AmLED technology applications 
AU Optronics Corporation has joined forces with renowned global PC brands including Acer, ASUS, Gigabyte, and MSI during CES 2022 to launch a wide selection of high-end desktop monitors and notebooks to expand its technology applications. The technology is expected to become an essential element for car manufacturers to realize the smart cockpit in the future. Read More>>
ABB, Hasco collaborate to drive smart manufacturing in China’s auto industry 
The joint venture will build on the existing relationship between the two companies, leading to the development of sustainable auto parts manufacturing in Hasco’s China-based operations. Read More>>
Mergers and Acquisition
TT Electronics acquires aero/defense company Ferranti Power 
The acquisition adds technology capabilities, intellectual property, and highly skilled employees who provide full-service capabilities to TTs Power Solutions business. Read More>>
Saint-Gobain to acquire construction chemicals maker GCP for USD 2.3 Bn 
The deal would help establish the company Saint-Gobain as a worldwide leader in construction chemicals and advance its light and sustainable construction offerings. Read More>>
Eaton buys Illinois company Royal Power Solutions for USD 600 Mn 
The addition of Royal Power Solutions is expected to enhance Eaton’s ability to capitalize on this secular growth trend across eMobility, aerospace, and electrical businesses. Read More>>
Executive Movement
McLaren expands interest in Asia-Pacific and China under new region MD 
Mr. Harris will manage a diverse portfolio of markets comprising 11 countries and regions, including China, Australia, Hong Kong, Indonesia, Japan, Malaysia, New Zealand, Singapore, South Korea, Taiwan, and Thailand in his new role. Read More>>
Oshkosh names new Executive VP and Chief Technology and Strategic Sourcing Officer 
Jay will be responsible for global strategic sourcing activities focused on building a supply chain capable of delivering next-generation technologies Prior to this, she held the role engineering and technology leadership roles at Xylem, Inc. and Eaton Corporation. Read More>>
AMETEK appoints Christoph Maetzig as VP and GM of the Ultra Precision Technologies division 
Chris will be replacing Bruce Wilson, Senior Vice President, Ultra Precision Technologies division, who announced his intention to retire following his 22-year tenure. Read More>>
Schneider Electric appoints Sebastien Riez as the Cluster President for Northeast Africa and the Levant region 
Sebastien will be responsible for accelerating Schneider Electric’s growth across the region and supporting customers with the company’s range of digital transformation and sustainability solutions. Read More>>
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Latest Industry Insights from Draup Braindesk

Schindler Group:

  • Schindler Group leverages its products and services to healthcare facilities, hotels, institutional buildings, shopping malls and retail facilities, commercial and office buildings. 
  • By leveraging the IoT platform, Schindler Group developed elevators to help operators and building managers with real-time status reports and tailored applications. 
  • The Company develops digital portfolio for smart elevators and escalators to gain reliable and robust connectivity. 
  • Schindler Group focuses on Connectivity Services and Smart Elevators for improving its business capabilities.  
  • Lucerne Area, Switzerland, serves as the key location, and it majorly focuses on IT Consulting and Server, Network, Desktop Management-related engagements  
  • Product Engineering Services is the highly outsourced segment, holds approximately 44% of the total outsourcing headcount. Capgemini is the major outsourcing partner for Schindler Group.


Key Funding Alert

Skyven Technologies raises USD 4 Mn in an oversubscribed round led by VoLo Earth Ventures 
Skyven Technologies, an industrial Energy-as-a-Service (EaaS) company, will use this funding to grow its EaaS offering–investing in sales, marketing, project execution, and software development teams to scale industrial emissions reductions. Read more>>

Startup Spotlight

Company – Crux OCM
Total Funding  USD 9.35 Mn
About: Crux Operations Control Management Limited (CruxOCM) delivers innovative operations control management software that minimizes complexity and inefficiencies associated with standard operations control rooms. Read more>>

Latest Reports Published in Draup

Jungheinrich Account Intelligence Report: Jungheinrich is a German company active in the material handling equipment, warehousing, and material flow engineering sectors. As an intralogistics service and solution provider, the company offers a comprehensive range of forklift trucks, logistics systems, and consulting services. Read More>>
Oil and Gas Industry Analysis: The Global Oil & Gas market is expected to grow at a CAGR of 6.03%, from USD 5.87 Tn in 2021 to USD 7.42 Tn in 2025. Major companies in the oil and gas industry are looking into big data analytics and artificial intelligence (AI) to enhance decision-making abilities and thus drive profits.  
Read More>>

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