Keysight, Samsung sign MoU to advance 6G technology

Key Insights and Signals in Industrial

Center setup and Expansion  
Volvo and Northvolt to build a battery plant in Gothenburg 
Volvo Cars and battery developer Northvolt are to build a new battery manufacturing plant in Gothenburg, Sweden, to operate from 2025 and create up to 3,000 jobs. Construction of the plant, powered by fossil-free energy and which is located near to both Volvo Cars’ and Northvolt’s R&D units, will start in 2023. Read More>>
Alstom to supply 40 new trams to Gothenburg, Sweden 
Alstom received an order to supply 40 new Flexity M34 trams to Vsttrafik of Sweden for use in Gothenburg. Vsttrafik manages public transport services, including buses, ferries, trains, and the Gothenburg tram network, in Vstra Gtaland in Sweden. Read More>>
Alfanar wins USD 175 Mn substation contract in Saudi Arabia 
Alfanar Construction will build a 380kV substation at Baha and expand existing 380kV substations at Umluj, Al-Wajh, and Yanbu. Saudi Arabia is investing heavily in upgrading and expanding its transmission and distribution (T&D) infrastructure as it seeks to install clean energy capacity. Read More>>
Tahltan Nation signs deal with Sandvik 
Sandvik signed up to resell Sandvik’s products. The TNDC will resell a variety of Sandvik mining products, including surface and underground drills, underground loaders and trucks, stationary crushers and screens, and automation and digital solutions. Read More>>
Baumer hhs partners with WestRock plant in Dren 
As a producer of high-end folding cartons, WestRock in Dren is the ideal partner for Baumer hhs when field-testing new equipment. WestRock-owned multi packaging solutions Dren GmbH is happy to act as a sparring partner for Baumer hhs. The three-shift plant in Dren specializes in premium paper and board packaging for confectionery products. Read More>>
Hexagon announces strategic partnership with H2U to digitalize green hydrogen plant construction 
Hexagon AB announced a strategic partnership agreement with The Hydrogen Utility Pty Ltd (H2U), a leading Australian hydrogen infrastructure developer, to deliver best-in-class digital asset management solutions supporting the global green hydrogen revolution. Read More>>
3D Systems & Saremco Dental AG partner to advance digital dentistry 
They produce permanent crowns with CROWNTEC & NextDent 5100 digital dentistry solution, which is 30% stronger than previous generation C&B resins. Today, 3D Systems and Saremco Dental AG announced a strategic partnership to accelerate innovation in digital dentistry. Read More>>
Parker Hannifin partners with Cummins for engine and IoT platform 
Mayfield Heights-based Parker Hannifin Corp. teamed up with Indiana-based Cummins Inc. to integrate the latter’s connected engines with Parker’s Mobile IoT platform. The partnership will allow the two companies to offer diagnostics for major components on mobile equipment in one interface. Read More>>
Keysight Technologies signs MoU to advance 6G technology 
Keysight Technologies, Inc. and Samsung Research signed MoU to advance the research and development of 6G technology. Keysight and Samsung have worked together to test and verify technologies for 6G wireless systems. Read More>>
Mergers and Acquisition
Zurn to acquire Elkay Manufacturing in USD 1.56 Bn deal 
Milwaukee-based Zurn Water Solutions plans to acquire Elkay Manufacturing, a maker of water bottle fillers and sinks used in commercial settings. Zurn will maintain its headquarters in Milwaukee after the deal closes and maintain a presence in the Chicago area where Elkay is based. Read More>>
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Latest Industry Insights from Draup Braindesk

  • Standard Services: Standard Services brings comprehensive, industry-focused, and business-aligned solutions to accelerate desired business outcomes that create a mobile strategy to reduce risk, contain cost and accelerate growth. 
  • Signature Services: Zebra’s Signature Services addresses the issue by speeding enterprises’ adoption of innovative, intelligent edge solutions to increase productivity. 
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Key Funding Alert

Apple supplier Luxshare to raise USD 2.13 Bn for manufacturing expansion 
Luxshare Precision Industry, an Apple Inc. supplier, aims to raise Yuan 13.5 Bn (USD 2.13 Bn) to fund six projects. It includes building a production line for wearable devices, smart mobile terminal precision components, and high-voltage connection systems for new energy vehicles. Read more>>

Startup Spotlight

Company – iFollow
Total Funding  USD 10.27 Mn
About: iFollow designs collaborative solutions for logistics and industry based on fleets of AMR (Autonomous Mobile Robots) driven by artificial intelligence. These robots adapt to your environment, customer problems, and transport supports (rolls, pallets, specific supports, etc.). Read more>>

Latest Reports Published in Draup

Eaton Corporation Account Intelligence Report: Eaton develops emerging technologies that reduce emissions from agricultural equipment and help commercial vehicle manufacturers meet emissions regulations. Its products reduce assembly time, operator error, and waste. Read More>>
Gati Limited Account Intelligence Report: 
Gati focuses on offering surface and air express logistics, warehousing, supply chain, air freight, and e-commerce services. It provides an opportunity to explore Allcargo’s services, including Container Freight Stations and Inland Container Depots, Project Logistics, and Contract Logistics. Read More>>

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