nVent Electric acquires ECM Industries, adding to cable management offering and positioning for continued growth

Key Insights and Signals in Industrial

Deals
Sandvik wins SEK 650 Mn (USD 62.2 Mn) mining equipment order and its third largest BEV order
The order includes a range of Sandvik mining equipment and 28 BEVs, including Sandvik’s flagship battery-electric haul truck, the Sandvik LH625iE. Read More>>
Metso Outotec to deliver concentrate dewatering filters to JISCO in China
The contract includes several high-capacity Outotec Larox PF filters designed to handle large volumes of material while producing a dry cake that can be easily transported and disposed of. The filters are scheduled to be installed at JISCO’s pellet plant in China’s Liaoning Province and are expected to be operational by the end of 2023. Read More>>
Wabtec bags brake system order from Alstom India
The order includes the supply of brake systems for Alstom India’s locomotives, passenger coaches, and freight wagons, which will be manufactured at Alstom’s facility in Bihar. The brake systems enhance the trains’ safety and efficiency and reduce maintenance costs. Read More>>

Centre Setup and Expansion
LIXIL launches a state-of-the-art LIXIL Experience Center in Mumbai
The center showcases the company’s latest products and technologies and is designed to provide customers with a unique and interactive experience. Lixil aims to strengthen its presence in the Indian market by offering innovative solutions for modern living. Read More>>

Mergers and Acquisitions
Bergman & Beving acquires Tema Norge
The acquisition will strengthen Bergman & Beving’s position in Norway and the Nordic region, adding that Tema Norge’s expertise in fluid and gas handling products would complement the group’s existing portfolio. Read More>>
nVent to acquire ECM Industries, LLC
The acquisition will expand nVent’s product offerings and strengthen its position in the North American market. nVent is committed to providing innovative solutions for a wide range of industries. Read More>>

Executive Movements
GatesAir appoints Barbara Spicek as new CEO
Spicek has previously held senior leadership positions at Dell and IBM and will lead GatesAir’s growth and expansion strategies globally. Read More>>
Schneider Electric appoints Deepak Sharma Zone President Greater India, MD & CEO, SEIPL
Deepak Sharma has a wealth of experience in Energy Management & Industrial Automation businesses, having worked in various roles across different countries. In his previous role, he integrated L&T Electrical and Automation Business with Schneider Electric. Read More>>
CATL appoints Mathias Httenrauch as the new CEO for Europe
Huttenrauch will oversee the company’s operations and expansion in the European market. In his new role, Huttenrauch will be tasked with growing CATL’s market share in Europe, which is expected to be a key growth market for the company in the coming years. Read More>>

Financial and Market Activity
Fervi closes 2022 with a rising profit
Fervi Spa has announced its financial results for December 31, 2022. The company reported a consolidated net profit of EUR 3.6 Mn (USD 3.9 Mn), representing an increase of over 13% from the same period in 2021, when it was EUR 3.1 Mn (USD 3.3 Mn). Read More>>

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Latest Industry Insights from Draup Braindesk

Trimble Inc.’s Engagement

Trimble’s Driver Monitoring System

Trimble has developed Driver Monitoring System to provide real-time guidance to drivers, allowing them to make better, faster, more informed decisions. The Video Intelligence solution includes advanced Artificial Intelligence algorithms that can distinguish between your driver’s movements, predict potential scenarios, and help reduce collision loss.

Trimble XR10 with HoloLens 2 system

Trimble Invented Trimble XR10 with HoloLens 2 system. This worksite-ready mixed-reality solution enables workers to visualize 3D data on project sites for easier and more efficient planning, collaboration, and reporting.

Trimble 3D Models

Trimble has developed Trimble Clarity as a stand-alone web application that simplifies the visualization and navigation of 3D data.
With this major update, Trimble Clarity enables geospatial professionals to view, use and share 3D point cloud data, models, and meshes with engineers, architects, city planners, and other project stakeholders via a web browser be viewed on desktop and mobile devices.

Trimble’s VR Training

Trimble has introduced the Trimble Pulse Remote Expert application. It allows companies to leverage the knowledge base of their most experienced technical staff. These staff members can remotely provide task- and serviced-based on-the-job training to new employees in the field.
AR is often the logical starting point for introducing a team to the benefits of XR technologies when training because staff members are already familiar with smartphones, which shortens the learning curve.

Key Funding Alert

TDK Ventures invests in pH7 Technologies for the clean extraction and recycling of critical metals
The investment by TDK Ventures will contribute to developing a more sustainable metal supply chain that can support global energy transformation. The investment reflects the company’s focus on investing in technologies that positively impact the environment and society. Read more>>

Startup Spotlight

Company – Nourished
Total Funding – USD 18.92 Mn
About: Nourished is an award-winning tech start-up disrupting the nutrition industry with its 3D-printed vitamin stacks, which are tailor-made for each user. It can combine seven high-impact nutrients, superfoods, and vitamins into one delicious gummy stack. Read more>>

Latest Reports Published in Draup

Siemens Account Intelligence Report
Siemens focuses on electrification, automation, and digitization. They focus on industry infrastructure, transport, and healthcare. They help create efficient factories, resilient supply chains, smarter buildings, and grids for cleaner and more comfortable transportation. Read More>>

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