TDK to acquire Qeexo to accelerate the development of tinyML models for low-power, always-on intelligent platforms

Key Insights and Signals in Industrial

Metso Outotec receives a three-year Life Cycle Services contract covering ten HIGmill grinding units 
Metso Outotech signed a three-year life cycle services contract for the service of ten Metso Outotec-supplied HIGmill fine grinding units to a mining customer in Asia Pacific. The contract is a performance-based service agreement, one of the largest Life Cycle Services orders received by Metso Outotec. Read More>>
Merger and Acquisition
TDK to acquire Qeexo 
TDK acquired Qeexo, a Mountain View, CA-based company that automates end-to-end machine learning for edge devices. With the acquisition, TDK will further strengthen its ML expertise and simplify ML application development to become a leader in delivering smart edge solutions. Read More>>
Badger Meter enhances smart water capabilities with the acquisition of Syrinix 
Badger Meter acquired Syrinix, Ltd., for USD 15 Mn, funded with available cash. Its remote network monitoring equipment and cloud-based software platform deliver data, customized alerts, and insights that empower customers with real-time asset monitoring to reduce water loss and improve asset life. Read More>>
Plug Power’s initial thoughts on the collaboration with Nikola 
The collaboration benefits Plug Power in the form of new hydrogen liquefaction and green hydrogen supply agreements. This collaboration highlights the strong competitive positioning of Plug Power due to its vertical integration strategy. In addition, it adds further credibility to the hydrogen liquefaction technology that Plug Power has. Read More>>
Executive Movements
Vertiv appoints Albertazzi as CEO 
The company has appointed Giordano Albertazzi as CEO and member of its board of directors. Based in Ohio, Albertazzi will aim to increase Veritiv’s customer focus as the company addresses the infrastructure and business needs of the data center, communication networks, and industrial applications. Read More>>
The supervisory board appoints Hans-Joachim Ziems to the Executive Board of Leoni AG as Chief Restructuring Officer 
The Supervisory Board of Leoni AG will appoint Hans-Joachim Ziems as Chief Restructuring Officer to the Executive Board from 10 January 2023. Since the buyer surprisingly refused to close the sale of the Business Group Automotive Cable Solutions, Hans-Joachim Ziems is responsible for adjusting the refinancing plan and its implementation. Read More>>
Essentra plc confirms the appointment of Scott Fawcett as Chief Executive 
Essentra appointed Scott Fawcett as Chief Executive and Executive Director of Essentra plc, taking up the role with effect from 1 January 2023. The Board also confirmed that Paul Forman has now stepped down as Chief Executive and Executive Director, with effect from 31 December 2022. Read More>>
Product Launch
Altec Whisper ANC Headphones launching fall 2023 
The company introduced its new active noise canceling ANC headphones in the form of the Whisper Lite and Whisper 2.0, which will be launching officially on April 20, 2023, priced from USD 50-USD 70. The ANC headphones feature a foldable on-the-go design, multipoint connections, and a battery life of 32 hours. Read More>>
Formlabs launches Automation Ecosystem made up of three new products at CES 2023 
Composed of three new products, including Formlabs Form Auto and High-Volume Resin hardware packages, as well as a Fleet Control software, its Automation Ecosystem is announced to help users drive greater 3D printing utilization. More recent additions to the firm’s SLA offering include the high-speed Form 3+ and Form 3B+ 3D printers, launched at last year’s CES convention. Read More>>
Sulzer launches new dewatering pumps for smaller tasks
Sulzer has completed its lineup of dewatering pumps, launching five new models for drainage and sludge applications. Designated as ‘J’ for drainage and ‘JS’ for sludge, the new J4, J7, JS4, JS7, and JS8 models offer flow rates from 5.5 l/s with heads up to 16 m. Read More>>
Financial and Market Activity
LG Energy Solution posts weaker-than-expected Q4 operating profit 
The company announced a weaker-than-expected operating profit for the fourth quarter of last year, though its 2022 income surpassed the 1 trillion won mark for the first time. Operating profit for the October-December period jumped 213.6% year-on-year to Won 237.4 Bn (USD 190 Mn). Read More>>
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Latest Industry Insights from Draup Braindesk

  1. Zebra focuses on improving its enterprise asset management and intelligence portfolio by adopting robotics, automation solutions, tracking devices, and mobile computers that work with specialized software and connectivity features. 
  2. Zebra leverages the power of AI to meet the demands of today’s consumers in storage and supply with the acquisition of 
  3. Zebra is keen to provide digital solutions such as mobile computers, barcode scanners, printers, accessories, and software to serve the consumer in various industries. 
  4. Zebra plans to continue investing in developing computer vision and other technologies that enable intelligent automation solutions, providing increased visibility into the enterprise, real-time, actionable information, and improved customer experiences. 
  5. Zebra has ~27 Technology centers with a significant technological footprint in Bengaluru Area, India, focusing on Software Testing and Distributed & Cloud Computing related engagements. 
  6. Graphical user interface, text, application
  7. Description automatically generatedL&T TS, Tech Mahindra, and TCS are Zebra’s major outsourcing partners, mainly working on Product Engineering Services and Consulting & System Integration.

Funding Alert

Hexagon AB invests USD 100 Mn into Divergent Technologies
Divergent Technologies has received investment from software technologies leader Hexagon AB. Divergent is working on manufacturing automotive parts with its Divergent Adaptive Production System, which leans on 3D printing, generative design, and automated assembly. Read more>>

Startup Spotlight

Company – ePac Flexible Packaging
Total Funding  USD 45 Mn
About: ePac Flexible Packaging is a digitally-based flexible packaging company driven by our mission to help brands of all sizes stay competitive with exceptional stand-up pouches, lay flat pouches, and roll stock. Read more>>

Latest Reports Published in Draup

Babcock & Wilcox Account Intelligence Report 
Babcock & Wilcox is committed to providing advanced environmental equipment that reduces carbon footprints and emission control. It is committed to delivering Brightloop technology to develop hydrogen innovations. Read More>>
Mettler Toledo Account Intelligence Report 
Mettler Toledo will position its future goals in enhancing and expanding digital tools to engage with customers. It focuses on the Process Analytics business to optimize production and warehouse layout that improves material flow, productivity, and production capacity. Read More>>
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