This week on Industrial: Industries boost investments into digitization efforts

Mergers and Acquisitions
Hanwa Solutions acquires Hydrogen tank specialist Cimarron Composites 
Hanwha intends to invest at least USD 100 Mn in Cimarron Composite by 2025 to fund the expansion of Cimarron’s production facilities. Cimarron’s tanks’ key differentiating factor is that 100% of their contents can be emptied, leaving nothing behind. Read More>>
LG likely to sell off its smartphone plants to Vietnam’s Vingroup  
The Vietnamese government and Vingroup have been seeking to expand into high-tech industries and boost local job creation. Vingroup will take over the manufacturing facilities, while LG will continue its R&D, but with a reduced staff. Read More>>
Desktop Metal acquires EnvisionTEC 
EnvisionTEC, a global provider of 3D-printing solutions, announced its sale to Desktop Metal for approximately USD 300 Mn in cash and stock. EnvisionTEC will operate as a wholly-owned subsidiary of Desktop Metal. Read More>>
Clearlake portfolio company Janus International acquires G&M Stor-More 
The acquisition enables Steel Storage Australia, a Janus Company, to enhance its self-storage design and construction solutions offering to the Australasian market. Read More>>
3D Systems completes sale of Cimatron and GibbsCAM businesses
The divestiture of Cimatron and GibbsCAM, which were businesses focused on subtractive technologies, was an important step in their plans to refocus the company on the core mission: to be the leader in enabling Additive Manufacturing solutions for growing markets. Read More>>
Halma acquires life-critical alarm and communication solutions developer Static Systems Group 
The move sees Static Systems joining Halma’s medical and infrastructure safety divisions. Static Systems’ technology, integration expertise, and market presence will complement Halma’s existing fire alarm technologies. Read More>>
Baker Hughes supplying digital solutions to Petrobras 
Baker Hughes will support Petrobras with its technologies by providing flare monitoring and calibration technologies, cybersecurity, remote monitoring services, and interconnected machinery protection systems and sensors. Read More>>
Doosan Mobility Innovation to introduce drone-assisted control for ships    
They will collaborate with shipbuilding and marine ICT provider Marineworks to develop an electric marine chart system allowing ships to take pre-emptive safety measures against undetectable vessels. Read More>>
Ola, Siemens collaborate to build an EV manufacturing facility in Tamil Nadu 
The upcoming facility will serve as Ola’s global manufacturing hub. Ola will have access to Siemens’ integrated Digital Twin design and manufacturing solutions to digitalize and validate product and production ahead of actual operations. Read More>>
Deals and Deals Renewal 
Doosan clinches W780b desalination plant deal 
Doosan will build the facility in Alrayyis with a capacity to produce 450,000 tons of freshwater per day. Doosan Heavy Industries & Construction Co.’s said it would aggressively tap into the seawater desalination plant market in the Middle East. Read More>>
ABB to supply electrical and automation systems to Northern Copper Industry 
ABB’s advanced system will control China’s Northern Copper Industry’s new four-column 20-high cold rolling mill for high-precision copper strip and foil production for aerospace, 5G communications, new energy industries, smart manufacturing, and other high-tech application fields. Read More>>
Executive Movement 
Brunswick Group names new UK leadership 
Brunswick has appointed Meaghan Ramsey and Tom Burns as managing partners and co-heads of the London office. Read More>>
Equinor SVP joins Aker Solutions 
Stephen Bull has been with Equinor for 13 years and was re-elected as Chair for the RenewableUK board in June last year. Aker Solutions intends to develop wind farms in the waters of South Korea, the US, Norway, and Scotland through its offshore wind spin-off.  Read More>>
SLM Solutions appoints Sam O’Leary as CEO 
O’Leary will be responsible for Corporate Development, Strategy, and HR. O’Leary improved the company portfolio and production-related processes. He will take responsibility for corporate development, strategy, and HR. Read More>>
SPX FLOW appoints Sonya Roberts to the board of directors 
Sonya Roberts brings an attractive combination of P&L ownership, business marketing, customer focus, and leadership experience. Read More>>
Kimball Electronics appoints Jana Croom to VP, Finance 
Jana Croom’s background in leading a diverse workforce to build effective teams and drive continuous improvement, along with her passion for supporting others in her community, complements the company’s values. Read More>>

Center setup and Expansion
Australian photovoltaic manufacturer Fronius to open new hydrogen competence centre 
The competence centre in Steinhaus is a way to combine our resources and drive forward hydrogen research, development, production, sales, and customer training in hydrogen systems. Read More>>
Siemens signs deal with Britishvolt to create most efficient UK battery Gigafactory 
Siemens provides Britishvolt with its Digital Enterprise Technology. Britishvolt will have access to Siemens’ electrification solutions, automation, and Digital Twin manufacturing execution technology. Read More>>

Mass Hiring
Thyssenkrupp invests in the new Hungarian engineering centre 
The launch of the electromobility-related development project in Veszprém to establish an engineering service centre with an investment of more than EUR 6 Mn will create 80 new engineering positions within two years. Read More>>
Headlines From The Startup World
Startup Spotlight
Latest Insights & Reports

Evoqua Water Technologies account intelligence report: Evoqua Water Technologies helps municipalities and industrial customers focus on advanced water and wastewater technologies for various applications in the municipal and industrial sectors. The Americas area dominates the technology landscape of Evoqua Water Technologies. Read more

AB SKF account intelligence report: AB SKF’s primary focus areas are automated manufacturing technologies, lubrication management, and software development. They are keen on digital initiatives in core offerings called bearings technology and related services through industrial digitizations. Read more

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