OMRON picks up stake in Techman Robot to fulfil the demand for warehouse robots

Key Insights and Signals in Industrial

Centre Setup and Expansion  
Endress+Hauser officially inaugurated its state-of-the-art Houston Campus 
The company invested USD 34 Mn into the new 112,000-sq-ft facility to strengthen its customer support in the Gulf region. It will bring instrumentation, services, and solutions close to customers. Read More>>
Daikin Reefer and IRS International establish new European headquarters to support growth 
The companies have joined forces and are relocating into a single premise in the Rotterdam region to operate as a Sales, Service, and Spare Parts supply center for their customers’ needs. Daikin Reefer is a leading supplier of refrigeration and climate control solutions for freight containers. Read More>>
Kubota helps launch new plant solutions company 
The new plant solutions company procured 17 Kubota machines from Shellplant, including 16 excavators and a dumper, ensuring it is ready immediately to meet the demand coming from its client base across the Bedfordshire, Cambridgeshire, and Northamptonshire area. Read More>>
Doosan Heavy to demonstrate gas turbine powered by green hydrogen
Doosan Heavy is responsible for developing a hydrogen gas turbine and its burner, while Korea Southern Power will convert a gas turbine operative at its combined cycle power plant into a hydrogen turbine. Read More>>
China’s Shanghai Electric Group has won a tender to build the first digital electricity substation in Uzbekistan
The investment project for the construction of 220-kV digital substation “Zafarabad” will be implemented with the support of the Asian Development Bank (ADB). The substation will be launched in 2023 in the Jizzakh region. Read More>>
Honeywell to implement facial recognition in Bengaluru Safe City project 
The contractor will install 7,000 surveillance cameras in 3,000 locations across the city and maintain them for five years. The system will have facial recognition and advanced analytics capabilities, controlled by an integrated state-of-the-art command and control center. Read More>>
OMRON Invests in Taiwan’s collaborative robot company Techman Robot Inc. 
Through the investment in Techman, OMRON aims to jointly develop innovative robot solutions that combine OMRON factory automation equipment with Techman’s collaborative robots, ensuring both safety and productivity and offering a solution to the issue of labor shortages at manufacturing sites. Read More>>
Schneider Electric equips partners with advanced technology on digital transformation 
Schneider Electric organized a hybrid event on digital transformation for its partners. The theme is “The New-Age Solution Provider: Channel Partners Transforming for a Digital-First World” to enhance their capabilities to address the current unprecedented market dynamics and intense competition are spurring. Read More>>
Fujitsu and Autofleet to embark on global strategic co-operation 
Fujitsu and Autofleet have agreed to embark on global strategic cooperation to develop sustainable logistics solutions and resolve labor shortages in the logistics industry and environmental problems. Read More>>
Mergers and Acquisitions 
Dometic Group acquires Igloo 
Dometic Group, a maker of accessories for motorhomes, caravans, and boats, agreed to acquire Igloo from the private equity group ACON Investments. This acquisition is in line with Dometic’s strategy to position Dometic as a more consumer-driven, less cyclical company in the fast-growing outdoor business. Read More>>
Kubota Corporation acquires AgJunction for USD 91 Mn 
The all-cash transaction represents a 60% premium to the closing price of AgJunction’s common shares. The acquisition will accelerate the execution of AgJunction’s business plan, provide access to new markets, increase scale, and enable employee retention. Read More>>
Executive Movement 
Atlas Copco appoints Senior Vice-President, Chief Legal Officer 
Atlas Copco appointed Eva Klasén as Sr VP, Chief Legal Officer, and Atlas Copco’s Group Management member. Klasén has been with Atlas Copco since 2000 when she joined as Assistant Corporate Counsel. Since then, she has held several positions in the legal functions in Sweden and China. Read More>>
Schneider Electric appoints Karlton Gray as IT Channel Director for the UK & Ireland 
Karlton will take charge of Schneider Electric’s IT channel sales divisions across the region. He will drive the Secure Power Division, which provides critical power protection, uninterruptible power supplies (UPS), racks, enclosures, power distribution units (PDU), cooling solutions for data centers, server rooms, and edge computing environments. Read More>>
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Latest Industry Insights from Draup Braindesk

The key players in the industrial market are leveraging technologies to seamlessly integrate and analyze vast amounts of data to deploy industrial automation processes. 

  • The industrial market is the set of all organizations that acquire goods and services that enter into the production of other products or services sold, rented, or supplied to others. 
  • Industrial companies are leveraging AR/VR, cloud, IoT, and robotics-based solutions on the shop floor to automate the manufacturing processes, train the employees virtually, reduce unplanned downtime, and enhance operational efficiency. 
  • Key players are taking initiatives to deploy platforms that facilitate the integration of applications, accelerate digital transformation through developing their in-house capabilities, and seek digital partnerships with niche service providers to build a robust ecosystem. 

Market Drivers: 

5G Wireless Technologies: 5G technologies are expected to enable the companies to leverage new market opportunities, implement real-time communication competencies, and control the machines more efficiently. 

Increasing Demand for Smart Factory: The increasing use of enabling technology in manufacturing, adoption of collaborative robots, and connected enterprise are all driving the industrial market. 

Digital Framework: The growing demand for knowledge-based manufacturing and connected supply chains, which are equipped with advanced control, sensing, modeling, and simulation capabilities, are driving the growth of smart manufacturing. 

Key Funding Alert

Fluence launches IPO that could raise USD 868 Mn 
Fluence Energy Inc. launched its initial public offering (IPO) of 31 million Class A common stock shares at USD 28 per share. Fluence has more than 3.4 gigawatts of energy storage in 29 markets globally and more than 4.5 gigawatts of wind, solar, and storage assets in Australia and California. Read more>>

Startup Spotlight

Company –  Seurat Technologies  
Total Funding  USD 58.41 Mn
About: Seurat Technologies is an industrial additive manufacturing company. It has iteratively developed its proprietary Area Printing process to market it to automotive, consumer tech, and industrial clientele. Read more>>

Latest Reports Published in Draup

Masco Corporation Account Intelligence Report: Masco Corporation focuses on its latest home improvement products as plumbing material and decorative architectural products. It will position its future goals in enhancing its capabilities across innovation with home improvement and building products. Read More>>
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