Honeywell boosts first responder tech portfolio with acquisition of US Digital Designs
Key Insights and Signals in Industrial
Center setup and Expansion Entegris expands manufacturing in Taiwan with new investments The company is increasing its total investment in its new manufacturing facility in Taiwan to approximately USD 500 Mn over the next three years. Next year, the company expects to hire about 100 new local employees to add to its existing Taiwan workforce. Read More>> Kimball International adds new metal manufacturing technology to Salem facility The investment will bring best-in-class automated metal manufacturing technology to the local facility. The metal automation machinery and equipment made by Salvagnini is the most technologically advanced sheet metal manufacturing equipment available and will be the first of its kind in the United States. Read More>> Jungheinrich builds a new logistics center The new building with over 20,000 square meters of warehouse space is being constructed near Eindhoven and will be fully operational by Autumn 2022. The warehouse will host a holistic logistics solution with a fleet of 14 autonomous mobile robots (AMR) and 8 EKX 516ka automated narrow-aisle trucks. Read More>>Deal Aker Solutions, Subsea 7, and ABB awarded FEED contracts with AkerBP The company awarded contracts worth around USD 49 Mn to alliance partners Aker Solutions, Subsea 7, and ABB to deliver front-end engineering and design (FEED) for a new central platform on Valhall, as well as a new platform and tie-in of the King Lear field in the Norwegian North Sea. Read More>>Partnerships Grundfos, Singapore Polytechnic to develop smart sustainable solutions for industries Grundfos and SP will jointly explore and develop intelligent, sustainable solutions for industries. The partnership will also aim at driving initiatives focused on UN Sustainability Development Goals such as SDG6 (clean water and sanitation) and SDG13 (sustainable consumption and production patterns) for climate action. Read More>> Danfoss Editron and Volvo Penta sign a partnership agreement The partnership will optimize their combined electromobility solutions for the marine industry. By cooperating on research and development, the two companies will deliver robust, reliable, and efficient electrification packages to a broader segment of the marine commercial market. Read More>> Howden and Chart Industries collaborate on delivering advanced hydrogen solutions This partnership will result in more cost-effective, standardized solutions within an integrated and optimized service offering. This will provide customers with tailored global aftermarket support and will leverage both companies’ manufacturing capabilities to be close to the regional hydrogen projects that are anticipated to move quickly to commercialization this decade. Read More>> ABB India partners with Indore Smart City Development The partnership aims at deploying digital technology that enables the continuous supply of electricity to homes and businesses. In the first phase of the collaboration, this technology has enabled more than 2,300 connections to achieve a 24/7 electricity supply with an automatic response system (ARS) in case of power outages or disruption. Read More>>Mergers and Acquisition Honeywell to buy US Digital Designs US Digital Designs provides alerting and dispatch communications technology that helps speed up emergency response times. This technology will be integrated into Honeywell’s Fire and Connected Life Safety systems business. Read More>> Sensata Technologies acquires Sendyne Corp The acquisition of Sendyne advances Sensata’s electrification component portfolio and strategy and expands on its recent acquisitions of Gigavac, Lithium Balance, and Spear Power Systems. Read More>> Saint-Gobain acquires GCP Applied Technologies in USD 2.3 Bn deal Saint-Gobain will receive USD 32 a share in a deal that values the company at about USD 2.3 Bn. This acquisition is a decisive step in establishing Saint-Gobain’s leading position worldwide in construction chemicals with total sales of more than USD 4.51 Bn, up from USD 3.3 Bn. Read More>>Executive Movement Kubota names new President and CEO over North American business in Grapevine Shingo Hanada will be the company’s new President and CEO in 2022. The newly appointed executive has worked in various roles in the company’s U.S. business and held executive positions in Europe for Kubota. Hanada will oversee the Kubota Tractor Corp. business as well as Kubota North America. Read More>> Ecolab names new CFO Current CFO Dan Schmechel stepped down from his role. He will be replaced by Scott Kirkland. Kirkland joined Ecolab in 2005. He is currently the Senior Vice President and Corporate Controller, with global responsibility for corporate planning and analysis, accounting, and internal audit functions. Read More>> Ametek appointed Christoph Maetzig as VP and GM, Ultra Precision Technologies Division Christoph will be replacing Bruce Wilson, Senior VP, Ultra Precision Technologies Division, who announced his intention to retire following his 22-year tenure with the company. Dr. Maetzig joined AMETEK in 2016 as Business Unit Manager for SPECTRO Analytical Instruments GmbH. Read More>>
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Latest Industry Insights from Draup Braindesk
Manufacturing is undergoing a digital transformation as smart technology, data analytics, and connected devices enable manufacturers to increase their efficiency, productivity, and accuracy dramatically.
TCS introduced TCS TwinX, an AI-powered enterprise digital twin platform for risk-free business simulations. It helps decision-makers evaluate the impact of their business strategies and choices at scale before deploying them in the real world.
Infosys partnered with Telstra to improve its customer experience through robotic process automation for the CX automation project. It enables enterprises to drive better and more strategic digital transformation.
Wipro 3D collaborated with Hindustan Aeronautics Limited (HAL) to develop metal 3D printed aircraft engine components and increase metal additive manufacturing adoption in the Indian aerospace industry.
HCL has introduced DRYiCE iAutomate on Google Cloud Marketplace. It enables the translation of operational knowledge into automated processes using natural language processing algorithms and knowledge analysis with an orchestration engine.
Key Funding Alert
Allegion launches accelerator fund to the tune of USD 100 Mn
Allegion Ventures’ second fund to accelerate technology and software investments in IoT and data security, building analytics, construction lifecycle management, and property management. USD 100 Mn is allocated to double the size of Allegion Ventures’ initial USD 50 Mn fund that launched in March 2018. Read more>>
Company – DeepHow Total Funding– USD 9.12 Mn About: DeepHow develops an AI-powered learning platform for manufacturing, service, and repair. Its end-to-end solution bridges the skills gap in manufacturing, service, and construction through an AI-powered knowledge capturing and learning platform based on smart how-to videos. Read more>>
Latest Reports Published in Draup
Vanderlande Account Intelligence Report: Vanderlande focuses on automation, connectivity in airports, warehouses, and retail operations to provide their customers and users a new digital experience. Vanderlande will position its future goals to enhance its digital capabilities across aviation, manufacturing, and supply chain industries. Read More>>
Schindler Group Account Intelligence Report: Schindler Group developed elevators to help operators and building managers with real-time status reports and tailored applications by leveraging the IoT platform. The focus remains on developing its digital portfolio for smart elevators and escalators to gain reliable and robust connectivity. Read More>>
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