Infosys to provide TK Elevator with AI-powered IT helpdesk services, digital workplace management, and network services

Key Insights and Signals in Industrial

Center setup and Expansion
Kubota to build a new USD 140 Mn plant in Hall County
The company plans to invest in building a new plant in Hall County that will be dedicated to expanding production capacity for Kubota loaders. The expansion is expected to create more than 500 new manufacturing jobs. The nearly 650,000 square-foot facilities will be in Hall County’s Gateway Industrial Park. Read More>>
Infosys, TK Elevator announce workplace transformation deal
The company will consolidate the global service desk and workplace operations. Infosys will provide Artificial Intelligence-powered IT helpdesk services, digital workplace management, and network services powered by its Cobalt suite. Read More>>
KORE Power to supply batteries for co-located 20MWh ABB, Ecotricity battery storage project
The company is to provide the batteries for a 10MW/20MWh battery storage project under development between ABB and energy supplier Ecotricity. The battery energy storage system will be installed at Ecotricitys existing 6.9MW wind farm in Gloucestershire in 2023, with KORE to supply its Mark 1 energy storage modules. Read More>>
Vestas wins conditional order to supply 900-MW German offshore wind project
The company has signed a conditional agreement with Energie Baden-Wuerttemberg AG, or EnBW, to supply turbines for the 900-MW He Dreiht offshore wind project in German waters of the North Sea. The Danish manufacturer will deliver 64 V236-15.0 MW machines for the project in 2025. Read More>>
Mergers and Acquisition
Watlow acquires Eurotherm from Schneider Electric
The company is pleased to announce that it has signed an agreement to acquire Eurotherm from Schneider Electric, the global leader in the digital transformation of energy management and automation. Watlow is excited to invest in this innovative product portfolio and professional team. Read More>>
Glen Dimplex agrees to sell Morphy Richards in a deal worth up to USD 200 Mn
The company has agreed to sell its Morphy Richards home appliances brand in a deal between USD 175 Mn and USD 200 Mn. The transaction is subject to Chinese government approval, and it is expected to close by the end of the year. Read More>>
A.O. Smith acquires water treatment solutions provider Atlantic Filter Corporation
The company acquired Atlantic Filter Corporation, a Florida-based water treatment company, in an all-cash transaction. Atlantic Filter joins other A. O. Smith acquisitions Aquasana (2016), Hague Quality Water (2017), Water-Right Group (2019), and Master Water Corporation (2021) in the company’s growing North America Water Treatment business. Read More>>
Wison and ABB in FLNG tie-up
The companies have signed a memorandum of understanding to collaborate on developing and implementing floating liquefied natural gas facilities. The partners announced they plan to significantly improve the production efficiency of LNG at sea by optimizing and standardizing the FLNG unit design. Read More>>
Executive Movement
Kennametal names Patrick S. Watson Chief Financial Officer
Watson succeeds Damon Audia, who has served as CFO since September 2018 and is leaving the Company after a short transition period to pursue another opportunity. As CFO, Watson will serve as a member of the Company’s Executive Leadership Team, reporting to President and CEO Christopher Rossi. Read More>>
Greg Smith named Teradyne’s President
Greg Smith has been appointed President of Teradyne, effective July 1, 2022. Mr. Smith, 59, joined Teradyne in 2006 as a Product Marketing Manager in the Company’s Semiconductor Test Division. His technological insights, drive, and results-oriented approach have propelled Teradyne forward. Read More>>
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Startup Spotlight

Company – Diligent Robotics
Total Funding  USD 45.88 Mn
About: Diligent Robotics develops technically advanced robots with mobile manipulation, social intelligence, and human-guided learning capabilities to collaborate with and adapt to humans in everyday environments. Diligent Robotics’ service robots are designed to work with humans. Read more>>

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