ABB targets mobile robotics market share with ASTI acquisition

Key Insights and Signals in Industrial

Centre Setup and Expansion and Acquisitions
Berry Global builds a second facility in Bangalore 
The new facility will increase Berry’s ability to supply in India and South Asia. The company expects to scale up the production in sectors namely, ophthalmic, nasal pumps, inhalation, and injectable administration. Read More>>
Daikin and rivals form a global AC production hub in India 
Govt. of India invited Daikin and its rivals to manufacture ACs in India, meet India’s needs and use the country as an export base. It will also manufacture the finished units and the compressors, and use the country as a test bed. Read More>>
Swedish engineering company Sandvik opens mine tech center in Zimbabwe 
The center, based in Harare, has already signed up companies with hard-rock mines to use digital systems in monitoring production. Read More>>
Deal and Deal Renewal
ABB to deliver power and propulsion package for cable vessel 
Sri Lankan ship builder will provide the vessel in 2023 to join the Orange Marine France fleet. The 100-meter vessel will feature ABB’s propulsion and automation package, including the Azipod system. Read More>>
Acciona wins USD 398 Mn contract for Jubail 3B water plant 
The Jubail 3B Independent Water Plant (IWP) will include storage facilities for one operational day and in-house renewable energy capacity to reduce grid electricity consumption throughout the desalination process. Read More>>
Doosan Heavy Industries to develop an 8-MW floating offshore wind system 
The consortium plans to develop a Korean floating offshore wind system by designing, manufacturing, demonstrating, and excavating for the next 51 months with a budget of 27 Bn Korean won (USD 23.4 Mn). Read More>>
Prysmian secures new USD 78 Mn umbilicals order with Petrobras 
The contract follows the recently announced award for the first supply of 350 km of umbilicals to meet the technological demand of Petrobras installation and operation upgrades in brown and green fields projects in Brazil. Read More>>
Torrent Power buys LREHL Renewables India SPV 
The SPV operates a 50 MW solar power plant in Maharashtra. It had a power purchase agreement with Solar Energy Corporation of India for 25 years. The estimated value of this acquisition is around Rs 317 crore (USD 42.5 Mn), including the VGF receivable. Read More>>
3M Partners with Waystar to automate revenue capture processes, improving reimbursement and compliance 
This new partnership will combine Waystar’s automated, AI-powered Charge Integrity, DRG Anomaly, and Transfer DRG technology with 3M’s services team, implementing the change management needed to keep workflows up to date. Read More>>
MAN Energy Solutions and ANDRITZ Hydro to jointly develop green hydrogen projects 
A pilot project in Europe will mark the start of the collaboration. Subsequently, the companies want to identify further projects and implement them in the context of the German Federal Government’s H2 Global initiative. Read More>>
Honeywell assisted Cambridge Quantum in achieving real-time quantum error correction
The two companies worked to develop quantum-enabled solutions to address optimization, scheduling, and other enterprise-level challenges. The researchers demonstrated repeated rounds of real-time QEC. Read More>>
Quanergy expands its distribution of industrial LiDAR solutions with PowerMotion 
Quanergy partnered with PowerMotion to deliver 2D and 3D LiDAR solutions for industrial automation. Its LiDAR platform will solve customer’s applications and provide regional sales and technical support. Read More>>
Executive Movement 
Cornerstone Building Brands introduces next CEO 
Rose Lee will succeed Metcalf as president and CEO and will join the board as a director of the company. Lee has held multiple senior leadership positions at DuPont and Saint-Gobain. Read More>>
Cree, Inc. to expand the operations leadership team 
Rex Felton, currently directing the construction of the company’s new silicon carbide facility in Marcy, NY, will now oversee the company’s fab operations, planning functions, and quality efforts reporting to Cree CEO Gregg Lowe. Read More>>
Doosan Robotics appoints experienced global business strategist William (Junghoon) Ryu as the new CEO  
Before joining Doosan Robotics, Ryu built over 20-years of successful track record in key business functions, including finance, strategy, marketing, and new business development. Read More>>
American Honda names Noriya Kaihara as new CEO 
Aoyama will be replaced in North America by Noriya Kaihara, who is currently chief officer for customer operations and officer of risk management at Honda Motor Co. Read More>>
Mergers and Acquisition
ABB’s acquisition of ASTI underscores the growing role of AMRs on production floors 
ABB’s customers are implementing mobile robots as part of flexible production set-ups on their manufacturing lines. The acquisition will further develop its autonomous mobile robots (AMR) competencyRead More>>
Cornerstone Building Brands to acquire Cascade Windows, deepens residential product offering 
Cascade is a leading independent manufacturer of energy-efficient vinyl windows and doors serving the residential construction, repair, and remodel markets. Read More>>

Latest Industry Insights from Draup Braindesk

Major industrial players are developing sustainable buildings and investing in solutions that reduce data complexity and meet ESG goals. 

  • Honeywell and Nexii Building Solutions announced a strategic alliance to develop buildings with a reduced environmental impact further. 

  • Rockwell Automation acquired Plex Systems for USD 2.22 Bn in cash and will help them expand industrial cloud software offering to improve resilience, agility, and sustainability in its operations. 

  • Emerson announced the launch of its Plantweb Optics Data Lake, an enterprise-level data management software solution that helps manufacturers reduce data complexity to leverage operations data across a production site. 

Workplace automation, Plasma thrusters, and AI product application are attracting venture capitalists. 

  • MachineMetrics has raised USD 20 Mn in Series-B funding to scale its platform globally and democratize access to the machine insights that power manufacturing operations. 

  • Pokahas raised USD 25 Mn in the Series-B round to connect and empower frontline factory workers globally, bringing total funding to more than USD 45 Mn. 

  • AMP Robotics has raised a USD 55 Mn series-B funding round led by XN to scale its business operations and develop AI product applications that integrate into materials recovery facilities to increase recycling rates for its customers. 

Key Funding Alert

Log 9 Materials raises USD 8.5 Mn in Series A+ funding led by Amara Raja Batteries
Log 9 Materials went into an equity partnership and collaboration with Amara Raja Batteries (ARBL). They will focus on entering new green technologies and solutions and develop indigenous technologies in India’s nascent advanced battery sector. Read More>>

Startup Spotlight

Company – MX3D 
HQ Location – Amsterdam, Netherlands 
Total Funding – USD 2.68 Mn
About – MX3D 3D prints metals and resin in mid-air, without the need for support structures. Their MX3D Bridge project showcases how digital fabrication is entering the world of large scale, functional objects made of durable materials. Read more>>

Latest Reports Published in Draup

Baker Hughes Account Intelligence Report: Baker Hughes aims to deploy AI to enhance KBC’s existing software portfolio for oil and gas process simulation, supply chain optimization, and energy management. It develops next-gen hydrogen compressing to lower production costs. Read More>>
A. O. Smith Corporation Account Intelligence Report: A.O. Smith seeks continued growth in core residential and commercial water heating, boiler, and water treatment businesses worldwide. It offers its brands in North America, China, and India. Read More>>
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