This week in Industrial: Big bets on industrial IoT, big data, AI/ML, AR/VR pays off as investments in automation spikes
Latest Industry Insights from Draup Braindesk
Continuous technological advances play a crucial role in market expansion and fulfill the rising need for automated transmissions.
Mitsubishi Electric teamed up with AMT to develop an automated post-processing system based on articulated arm robots and machine control systems.
Along with Dassault Systems, ABB invested USD 150 Mn to develop collaborative robots at its manufacturing plant in Shanghai.
Schneider set up a smart factory in Batam with research into developing connected machines and predictive maintenance using cutting-edge technologies such as AI/ML and AR/VR.
Predictive Analytics is mainly utilized for accurate & consistent data, defined data strategy, and predictive maintenance.
Acciona, S.A. adopted predictive turbine maintenance and monitoring, including complete turbine monitoring, testing, life prediction, and life extension actions for the critical failure components.
ABB Ability introduced Ellipsean Asset Performance Management (APM) solution supports Ameren Illinois multi-million-dollar modernization of the energy delivery infrastructure.
Honeywell developed Honeywell’s Forge asset tracking and predictive analytics system to drive improved asset and machinery management in industrial operations.
Latest Reports Published in Draup
Doosan Infracore Account Intelligence Report: Doosan Infracore focuses on its innovative construction solution, which maximizes productivity by completing complex construction surveying and earthwork calculations. It is known for its integrated solutions in casting-forging products. Read More>>
Honeywell International Account Intelligence Report: Honeywell’s recent initiatives will position its future goals in improving its capabilities across digital offerings. The company’s transformation initiatives are Honeywell Connected Enterprise, Honeywell Digital, and Integrated Supply Chain. Read More>>
Key Funding Alert
AI startup Detect Technologies raises USD 12 Mn
Industrial AI startup Detech Technologies raised funding led by Accel Partners. It will use the budget to enhance industrial productivity globally and strengthen its leadership in accelerating the digitization of the industrial sector. Read More>>
Startup Spotlight
Company – Path Robotics HQ Location – Columbus, Ohio Area, US Total Funding – USD 71 Mn About: Path Robotics specializes in robotics, automation, and software and database solutions. It develops methods to solve general problems and apply them to manufacturing. Their solutions make machines learn, adapt, and solve problems. Read more>>
Key Insights and Signals in Industrial
Mergers and Acquisitions Welbilt agrees to an acquisition offer from Ali Group, terminates previous merger agreement Under the terms of the revised unsolicited proposal, the Ali Group would acquire all the outstanding shares of Welbilt common stock for USD 24 per share in cash, increasing from the previously disclosed USD 23 per share cash proposal. Read More>> TE Connectivity plans to acquire ERNI Group The acquisition of ERNI complements its broad connectivity product portfolio, particularly in high-speed and fine-pitch connectors for factory automation, automotive, medical, and other industrial applications. Read More>> Desktop Metal acquires Aerosint Desktop Metal, Inc. (DM), a designer and marketer of 3D printing systems, acquired Aerosint, a multi-material recoating systems provider for additive manufacturing. Desktop Metal will access Aerosints proprietary digital process and offer accurate and high-speed printing across a wide range of products like polymers, metals, and ceramics. Read More>> Sandvik to acquire metrology and automation company DWFritz Automation With with acquisition of DWFritz Automation, Sandvik would expand its current metrology offering and take a leading position in in-line metrology, including a broader position in high-speed, high-volume, non-contact inspection and assembly automation. Read More>> Rockwell Automation acquires Cloud Software Supplier for USD 2.2 Bn The industrial automation and information technology provider acquired Plex Systems, a software-as-a-service platform provider specializing in cloud-based manufacturing execution systems. Read More>>Partnerships Royal HaskoningDHV and Mitsubishi Electric provide integrated solutions for digitally connected water utilities Driven by the demand for digitalization and automation in the water industry, Royal HaskoningDHV and Mitsubishi Electric Europe are joining forces to develop specialized automation controls. Read More>> Schneider Electric and Kewaunee International announce strategic alliance to create next-gen labs The two companies share the vision to create an unparalleled customer experience for those looking to develop world-class laboratories by offering them an integrated approach. The company’s IoT and cloud-enabled EcoStruxure solution will render increased efficiency leading towards a well-equipped and future-ready ecosystem within laboratories. Read More>> Tata Technologies partners with Stratasys to bolster the Indian manufacturing ecosystem Tata and Stratasys, a global leader in additive manufacturing/3D printing technology, corroborate the Indian manufacturing ecosystem with advanced additive manufacturing technologies, providing them the impetus to develop and deliver better products to its customers. Read More>>Executive Movement Klein to retire as CEO at Crestron, a billion-dollar global business based in Rockleigh In his more than three decades with the company, Randy Klein helped grow Rockleigh-based Crestron Electronics into a billion-dollar business that operates around the globe. Daniel Feldstein, the current chairman and CFO, and the son of Crestron founder George Feldstein will assume the roles of CEO and president. Read More>> Former Air Force procurement leader Roper named CEO of drone firm Volansi Former Air Force Assistant Secretary for Acquisition, Technology and Logistics, Will Roper, is now CEO of a drone company specializing in medium-sized autonomous drones. Roper will lead Volansi, which makes autonomous drones that can carry medium- and heavy-sized payloads. Read More>> Christophe Sut new member of Sandvik’s Group Executive Management Sandvik has appointed Christophe Sut as President of the Sandvik Manufacturing Solutions Business Area Segment and a new member of the Sandvik Group Executive Management, effective no later than 1 January 2022. Read More>> ABB India appoints Kiran Dutt as president of its Electrification business Kiran Dutt joined ABB in 2004 and has over 25 years of experience. Kiran will lead the ABB Electrification business for India, Sri Lanka, and Bangladesh in his new role. Read More>>Deals and Deal renewals Doosan Mobility Innovation signed the first dealership contract in Europe with FRP Technologies FRP Tech. is a professional drone sales and service provider supporting innovative drone solutions and platforms for civil and military sectors. With a new dealer, DMI will be able to provide product sales and services to European customers. Read More>> Booz Allen Hamilton (BAH) signs deal to invest in Latent AI Latent AI is an enabler of AI and machine learning (ML) functions. Booz Allen’s agreement will help its clients implement ML models on small form factor chipsets and into highly sought-after end-user devices to help them increase AI adoption and return on investment. Read More>> Babcock & Wilcox, NREL sign exclusive IP option agreement for advanced, renewable energy storage technology This technology will provide up to 100 hours of long-term energy storage for up to 135 megawatts of power generation. B&Ws proven and established pressurized fluidized-bed boiler technology is an ideal choice for advancing this technology to commercial operations. Read More>> Karix Mobile to deploy conversational AI for Panasonic Karix Mobile will deploy a conversational solution for Panasonic India Limited using the WhatsApp Business Solution Platform to facilitate conversations between customers and the brand, provide access to product catalogs, current offers, locating nearest stores, and after-sales product support. Read More>>Center setup and Expansion Aggreko to establish data center division HQ in Loudoun Aggreko provides support equipment for all stages of commissioning, factory acceptance testing, and other customer needs. Loudoun is home to the largest and fastest-growing data center hub globally, including 25 million square feet of operational data center space and another 4 million square feet in development. Read More>> Beckhoff opens Houston office The Beckhoff Houston office provides 8,700 square feet of floor space, including an automation showroom, with technologies geared toward oil and gas production, refining and delivery, and alternative energy solutions. Read More>>
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