Trimble enables digital experience and expands civil construction portfolio with the acquisition of B2W

Key Insights and Signals in Industrial

Center setup and Expansion
EcoPro BM-Samsung SDI JV completes the construction of the new cathode plant in Pohang 
The company constructed a new production plant with the world’s largest output capacity. The new CAM7 plant in Pohang, about 370 kilometers southeast of Seoul, was built by its joint venture company formed with battery maker Samsung SDI Co. and touted an annual production capacity of 54,000 tons. Read More>>
Tesla supplier Panasonic secures active anode supply for US-based plant 
The two companies have entered into a Framework Agreement with Nouveau Monde Graphite Inc. Panasonic could secure active anode material for its US-based battery plant. The agreement is also expected to enable the next phases of the development of NMGs ore-to-battery-market integrated graphite project in Quebec, Canada. Read More>>
Metso Outotec and Boliden sign a 5-year Life Cycle Services contract, including recycling of worn liners 
Metso and Boliden signed a Life Cycle Services (LCS) contract for Boliden’s Kevitsa mine in the Sodankyla region in Finland. The 3+2-year agreement covers the supply and optimization services of the Megaliner liners for four mills with advanced discharge systems, supported by shutdown planning and execution services of the mill linings. Read More>>
Larsen & Toubro wins INR 238.5 Cr (USD 28.8 Mn) track work contract for Bhopal Metro Rail Project 
The Madhya Pradesh Metro Rail Corporation Limited (MPMRCL), on 22nd October 2022, opened the financial bids for the contract package BH-07 for the supply of standard gauge Ballastless Track for the Bhopal Metro Rail Project. Larsen & Toubro Ltd (L&T) emerged as the lowest bidder. Read More>>
Mergers and Acquisition
Trimble’s acquisition of B2W Software should drive growth 
Trimble acquired B2W software to expand its civil construction portfolio. The company has recently announced the acquisition of B2W Software, which can benefit it to maintain a competitive edge in the market and increase its market share by increasing its profit margins. Read More>>
Stratasys acquires Riven to streamline quality assurance for production-scale additive manufacturing 
Riven, a Berkeley, Calif. -based start-up, has been a Stratasys connectivity software partner. Its cloud-based software solution will now be fully integrated into Stratasys GrabCAD Additive Manufacturing Platform, benefiting customers using any Stratasys 3D printer running GrabCAD Print software. Read More>>
Financial and Market Activity
Tata Steel Q2 net profit plunges 90% to INR 1,297 Cr (USD 156.67 Mn) 
Tata Steel reported a 90% drop in consolidated net profit for the July-September quarter of 2023-23, dragged by higher expenses. The company’s net profit stood at INR 12,547.70 Cr (USD 1.51 Bn) in the corresponding period of the previous fiscal year. Read More>>
Altra Industrial Motion lags in Q3 earnings and revenue estimates 
Altra’s quarterly earnings per share are USD 0.80, missing the Zacks Consensus Estimate of USD 0.83 per share. A quarter ago, it was expected that this industrial products company would post earnings of USD 0.83 per share when it produced earnings of USD 0.84, delivering a surprise of 1.20%. Read More>>
NVent announces Q3 earnings snapshot 
NVent reported a profit of USD 93.4 Mn in its third quarter. Earnings, adjusted for non-recurring costs, were USD 0.66 per share. The maker of electrical connection and protection products posted revenue of USD 745.2 Mn in the period. Read More>>
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Latest Industry Insights from Draup Braindesk

  1. ChargePoint is keen on developing EV charging, with more than a decade of experience shaping the EV charging market through consulting, designing, implementing, and supporting charging solutions for all fleets. 
  2. ChargePoint AC stations offer reliable, all-purpose charging for workplaces, multi-family residences, and fleet depots. These solutions offer businesses and property owners the opportunity to generate new revenue while providing a necessary service for drivers. 
  3. The ChargePoint Express Plus scalable DC fast charging platform is based on software-defined hardware infrastructure that minimizes power conversion equipment costs per site. 
  4. San Francisco Bay Area, United States, is the critical IT location and major buying location for ChargePoint, which focuses on Business Intelligence & Analytics and Cloud Computing-related engagements 
  5. Product Engineering Services is the highly outsourced segment and hold ~60% outsourcing headcount.

Funding Alert

Cables and wire-maker Polycab marks out INR 800 Cr (USD 96.6 Mn) capex over two years
Polycab is ramping up production targeting export markets and demand within India. A part of the capex will focus on backward integration and annual maintenance of machinery. They may also look at acquisitions in the IoT and AI space for the FMEG space. Read more>>

Startup Spotlight

Company – Steelhead Composites
Total Funding  USD 14.5 Mn
About: Steelhead Composites is an engineering and manufacturing company with full-service, in-house design, testing, prototyping, and production of composite pressure vessels, hydrogen storage, seamless metal cylinders, composite structures, and pressurant tanks. Read more>>

Latest Reports Published in Draup

North America Manufacturing Market 
The North American manufacturing market focuses on IoT-enabled manufacturing, cloud, and enhancing the supply chain in all major industries. Companies like Boeing, Raytheon, and Lockheed Martin are making technological developments in manufacturing. Read More>>
Hubbell Incorporated Account Intelligence Report 
Hubbell Inc. focuses on electrical power products to meet market-leading customers’ growing demand. It focuses on acquisition to enhance its overall existing product portfolio and its capabilities in automation technology and enable a strong customer base. Read More>>
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