Atlas acquires Ceres to serve semiconductor and industrial customers with process equipment

Key Insights and Signals in Industrial

Center setup and Expansion
Schneider Electric launches its first ever experience center in Odisha for its B2C products 
The company launched its first B2C experience center in Odisha at Kharvella Nagar, Bhubaneswar, off Janpath. The state-of-the-art experience center is designed to offer various H&D products, including Switches, Distribution Boxes, MCBs, and Schneider Electric’s flagship home automation range Wiser. Read More>>
Epson Atmix purchases land for a new factory in the Kita Inter Industrial Park 
The company plans to use the land to build a new factory to recycle used metals and produce raw materials for metal powders. Atmix had been searching for the best site to build the new factory for some time. Construction on the new factory will begin next summer, and operations are scheduled to start in the spring of 2025. Read More>>
France’s Akuo orders 500 MW of First Solar modules 
The company has placed an order with First Solar Inc for a 500 MW direct current of thin-film photovoltaic modules for a project in the US and other overseas markets. The multi-year agreement calls for First Solar to deliver 200 MW DC for a utility-scale project in the US during the first half of 2024. Read More>>
CEMEX to buy clean energy from Acciona for Spanish operations 
According to the cement company, the company will purchase clean energy from energy supplier Acciona to power its cement operations in Spain. The purchase agreement ensures that the supply of green energy covers 30% of Spain’s cement requirements. Read More>>
Babcock & Wilcox Renewable awarded USD 12 Mn in contracts for 144-MW of Utility-Scale solar installation projects 
The company announced that its B&W Renewable segment had been awarded contracts totaling more than USD 12 Mn for two utility-scale solar panel installation projects totaling 144 MW, located in the Midwest United States. The photovoltaic solar farms will produce zero-carbon, zero-emissions power for more than 20,000 homes and businesses. Read More>>
Mergers and Acquisition
Atlas Copco completes Ceres Technologies acquisition 
Atlas acquired Ceres Technologies, Inc., a US-based manufacturer and designer of gas and vapor delivery equipment for the semiconductor industry. The company has confirmed the completion of the acquisition, with the businesses becoming part of the Semiconductor division within Atlas Copco’s Vacuum Technique business area. Read More>>
TK Elevator acquires Nordic Lift and further strengthens its market position in Sweden 
The company acquires Nordic Lift from Pegroco Invest. With a service portfolio of approximately 9,000 units in Western Sweden, Nordic Lift focuses on the entire life cycle of elevators, from new installations to modernization and service. Read More>>
Envision Group partners with Spain on carbon neutrality 
The company signed a strategic partnership agreement with the Spanish government on July 18 to promote local efforts to achieve carbon neutrality. The two sides agreed to establish the European continent’s first zero-carbon industrial park in Spain, constructing a power battery factory, an IoT technology center, a green hydrogen factory, and intelligent wind power equipment. Read More>>
BHP and Tata Steel to partner on low carbon iron and steelmaking tech 
The company has jointly signed with Tata Steel to study and explore low carbon iron and steelmaking technology.  The partnership aims to help both companies progress toward their respective climate change goals and support India’s ambitions to be carbon neutral. Read More>>
Executive Movement
IPG Howden appoints Asia Chief 
The company announced a new chief executive officer for Asia. IPG Howden has named Benjamin Cheng as CEO for Asia. Cheng started working at IPG Howden in 2014 and was promoted to Hong Kong CEO in 2018. Before joining IPG, Cheng was the CEO of the Citi Insurance Broker while also leading its insurance broker business. Read More>>
RATIONAL AG announced the appointment of Dr-Ing Martin Hermann as Chief Technical Officer 
RATIONAL appointed Dr-Ing Martin Hermann as Chief Technical Officer of Rational AG Landsberg am Lech, 25 July 2022 the Supervisory Board of Rational AG has appointed Dr-Ing Martin Hermann as Chief Technical Officer from 1 September 2022. Read More>>
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Latest Industry Insights from Draup Braindesk

  • JCB develops advanced machine manufacturing solutions to provide world-class products to customers. 
  • JCB intends to open service and manufacturing centers to increase its business operations worldwide. 
  • JCB develops specialized agricultural machinery like Agricultural Telehandlers, Wheeled Loaders, and Fastrack Tractors for farmers. 
  • JCB is keen on integrating big data and the Internet of Things into its products and services for real-time fleet monitoring and advanced production process. 
  • Pune Area, India, serves as JCB’s critical and major buying location, focusing on Advanced Manufacturing, Automation & Control Systems, and Manufacturing Engineering-related engagements. 
  • Consulting & System Integration is the major outsourced segment. Wipro is the critical strategic outsourcing partner for JCB.

Key Funding Alert

Daikin to invest USD 230 Mn in San Luis Potosi 
: The company will invest around to build a Mexican plant of energy-efficient air conditioners to supply to the U.S. market. The approximately 70,000-square-meter Daikin plant in San Luis Potosi will produce two main types of products for the U.S. market. Read more>>

Startup Spotlight

Company – Blickfeld
Total Funding  USD 55.99 Mn
About: Blickfeld is a producer of LiDAR sensors and detection software for autonomous mobility and IoT applications. The LiDAR sensors are designed to measure direct distance information in 3D. It is based on patented silicon MEMS mirrors and commercial off-the-shelf components. Read more>>

Latest Reports Published in Draup

Jungheinrich AG Account Intelligence Report 
Jungheinrich provides the best solutions for enterprises’ long-term profitability, offers a full range of products and services around every stacker, and automates the company’s facilities. Its revenue by 11% in FY2021 compared to FY2020 due to higher revenue gain from the New Truck business. Read More>>
KLA – Tencor Corporation Account Intelligence Report 
KLA focuses on implementing the Frontline Cloud Services, accelerating the DFM analytics with fast onboarding on the cloud-based system by leveraging 5G and miniLED technologies. Technologies like cloud, IoT, and container technology digitize the IT & Admin. Read More>>
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