Spectris acquires Dytran Instruments to develop new sensors and accelerometers for the automotive sector

Key Signals in Automotive

Centre Setup and Expansion
Second Scania facility opens in Eastern Creek 
Despite Sydney’s inclement weather, the company’s new Eastern Creek branch on Blue Metal Road is now open for business. Scania announced the new, purpose-built facility offers seven state-of-the-artwork bays, including two drive-through inspection pits big enough to accommodate B-double sets and a bespoke wash bay. Read More>>
Volkswagen Group announces EUR 3 Bn (USD 3.15 Mn) battery Gigafactory in Spain 
The company intends to build six 40 GWh battery gigafactories in Europe to secure up to 240 GWh of locally produced batteries by 2030. One of the main parts of the entire project will be a new 3 billion lithium-ion battery Gigafactory in Sagunt near Valencia, which will supply battery cells to local EV plants. Read More>>
Polestar opens its first showroom in New Zealand 
The company has opened its first showroom in Newmarket, Auckland. The Polestar Space in Newmarket is a minimal affair. An updated Polestar 2 is due to land in May, bringing more range, power, colors, wheel designs, interior materials, and better sustainability credentials. Read More>>
Beneva selects Mitchell to streamline claims management 
The company announced that Beneva, the largest insurance mutual in Canada, selected its enterprise claims management suite of solutions. Beneva conducted an extensive review of its technology platforms before choosing Mitchell to provide automotive claims workflow, appraisal, and total loss technologies. Read More>>
Levenseat doubles sorting capacity with Falkirk MRF 
The company will reopen the revamped plant later this year. The facility in Falkirk can produce refuse-derived fuel to be used in energy from waste projects overseas. It is also based on the same site as a landfill, which will remain under Avondale Environmental control. Read More>>
Geely to construct power battery project in Tonglu 
The company has signed an investment cooperation agreement with the local government of Tonglu County, Zhejiang Province, to build a 12 gigawatt-hours/year power battery project in Tonglu Economic Development Zone. Read More>>
McLaren announces Bowers & Wilkins as its official audio partner 
The company announced a strategic partnership, making Bowers & Wilkins McLarens an official audio partner. Both brands are known for their relentless striving toward perfection in their fields, with McLaren discovering and implementing the newest and most daring technology in speed and performance. Read More>>
Mergers and Acquisitions
Spectris Plc to buy Dytran Instruments for USD 82 Mn 
The company has inked a deal to acquire Dytran Instruments, Inc., a maker of piezo-electric and MEMS-based accelerometers and sensors, for USD 82 Mn. The combination will strengthen HBK’s position in the US aerospace, space, and defense industries and accelerate Dytran’s revenue by leveraging HBK’s existing global sales channels. Read More>>
Club Car acquires Denmark-based electric vehicle manufacturer 
The company signed an agreement to acquire Garia A/S, a Denmark-based manufacturer of low-speed electric vehicles for the utility, consumer, and golf markets, from Lars Larsen Group. The acquisition also includes Melex, which Garia acquired to accelerate its growth in the utility space. Read More>>
Executive Movement
New head for Hitachi’s aftermarket business 
The company announced it appointed Gary Plover as its vice president and Americas aftermarket business division head. In his role, Plover will lead one of the company’s fastest-growing business segments, which includes more than four locations across North and South America and a team of nearly 100 employees. Read More>>
Polaris named Ben Duke the President of its marine business 
The company announced that Ben Duke had been named president of the marine. Duke will succeed Jake Vogel, transitioning to a strategic advisory role at Polaris. Both Duke and Vogel will report to Polaris CEO Mike Speetzen.  A seasoned leader within the marine industry, Duke joined Polaris in 2019 as general manager for the Godfrey and Hurricane boat businesses at Polaris. Read More>>

Latest Industry Insights from Draup Braindesk

  • Maintenance of providing the best technical solution as required, coordination of SD/MM/FI module.  
  • Involved in TIES Application Project.  
  • Performance of planning and designing test plans and strategies, test cases and test scripts/procedures, trial and UAT activities, and gap analysis to ensure that business requirements and functional specifications were fulfilled. 

Key Funding Alert

Toyota signs MoU with the state to invest 4,800 crores in new technologies 
The company will invest INR 4,800 crore (USD 618K) in Karnataka to produce powertrain parts and components for electric vehicles and boost electrification and greener technologies. The investments will help Toyota lower its dependence on fossil fuels and mitigate carbon emissions. Read More>>

Startup Spotlight

Company –  Pyka
Total Funding – USD 48.1 Mn
About: Pyka develops autonomous electric aircraft to provide people with an affordable and safe air transport option for regional trips. They are working on perfecting the safety, reliability, and capabilities of our autonomous engine and electric propulsion systems. Read More>>

Latest Reports Published in Draup

Honda Motorcycle & Scooter India Pvt. Ltd. Account Intelligence Report: By leveraging the digital platform, Honda Motorcycles and Scooters develop a virtual showroom for online booking, apparel, and merchandise section offering a range of protective gear, including helmets and jackets. Read More>>
Gentherm Incorporated Account Intelligence Report: Genthem is keen on expanding technology leadership with focused investments in key core technologies and competencies, including thermophysiology, software, electronics, simulation, thermal engines, and integration. Read More>>
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