Zebra Tech to broaden machine vision solutions offering with Matrox Imaging acquisition
Key Insights and Signals in Industrial
Center setup and Expansion Invenergy and GE Renewable Energy complete a nearly 1 GW Wind Energy Center Located in north-central Oklahoma, Traverse joins the operational 199 MW Sundance Wind Energy Center and the 287 MW Maverick Wind Energy Center as the last of three projects developed by Invenergy for American Electric Power (AEP) reach commercial operation. Read More>> Hitachi to build a USD US 70 Mn factory in Washington County The factory will open in the winter of 2023-24 and will employ up to 460 people and support an additional 840 jobs in the region. 60% of the factory’s construction value will be spent in Washington, DC, Maryland, and Virginia. The 28,521m2 factory building will include a large production area, warehouse, and main office. Read More>> Sweden’s Northvolt to build a battery plant in Northern Germany The Swedish battery maker Northvolt will build a USD 4.44 Bn 60-GW battery factory in the northern German city of Heide. Northvolt Drei in the state of Schleswig-Holstein will be the company’s third production facility of this size and its first outside Sweden. Read More>>Deals Wabtec to modernize 330 locomotives for Norfolk Southern The project will see locomotives receive an FDL Advantage engine upgrade and digital features including Trip Optimizer; SmartHPT, a fuel saver which optimizes train performance to a given horsepower per ton target; and Distributed Power. Read More>> Brazil’s Vale to supply Northvolt with low-carbon nickel products Vale will provide Sweden’s Northvolt with low-carbon nickel products for battery production, as it looks to meet fast-growing demand from the electric vehicle industry. The deal came in a securities filing, adding that more cooperation between the companies in multiple areas should be expected. Read More>> JinkoSolar subsidiary to build silicon pull rod project in China Jinko Solar will build a 30 GW monocrystalline silicon pull rod production project in Xining city in China’s Qinghai province. Jiangxi Jinko signed the project investment cooperation framework agreement with the Qinghai Provincial Department of Industry and Information Technology, the Xining Municipal Government, and the Xining Economic and Technological Development Zone Management Committee. Read More>>Partnerships Howden announces extended partnership with KYND, including the industry’s breakthrough innovations Following this successful partnership, Howden has expanded the relationship to include KYND Signals and KYND Ready, the industry’s breakthrough innovations in the InsurTech arena. Read More>> Sandvik and Boliden partner on 3D parts manufacturing project Sandvik Mining and Rock Solutions have partnered with Boliden on a small-scale trial of 3D manufactured parts that will help both companies assess the potential of 3D printing. Additive manufacturing can now print plastic components to ceramics and metals. Read More>> Smart teams up with DCS and ABB ahead of launching #1 EV Mercedes and Geely’s small car brand Smart has turned to ABB e-mobility and DCS to improve their EV charging before launching its first electric car #1. ABB e-mobility gives Smart access to AC wall boxes and accessories. DCS will oversee app integration, and there’s news about Smart’s own charger. Read More>> Fluence partners with Hydrofarm to distribute LED lighting to U.S. retailers Hydrofarm will distribute Fluence’s newly released SPYDR Fang LED lighting solution to its hydro-shop retailers throughout the U.S. beginning in early April 2022. Fluence’s collaboration reinforces Hydrofarm’s dedication to providing growers the industry’s highest quality, premium brands. Read More>>Mergers and Acquisition Veolia completes the integration of Suez in the US and Canada The company integrated its businesses with Suez’s assets in the United States and Canada, following the completion of the combination of the two companies. Water and wastewater treatment: expanded opportunities to create water reclamation and reuse programs that preserve and recycle water resources. Read More>> Toshiba’s USD 4 Bn elevator unit attracts interest from Midea and Otis A potential sale of Toshiba Corp’s elevator business attracted preliminary interest from industry players, including Chinese conglomerate Midea Group Co. and U.S. giant Otis Worldwide Corp., Kone Oyj, which owns 19.9% of Toshiba’s elevator unit. It is interested in acquiring the rest of the operation. Read More>> Zebra Technologies will acquire Matrox Imaging for USD 875 Mn The company will acquire machine vision components and systems company Matrox Imaging, expanding Zebra’s offering in the automation and vision technology solution market space. Zebra provides hardware, software, services, and solutions to help companies digitize their workflow. Read More>>Executive Movement Jeffrey Hillenbrand joins ERI Jeffrey Hillenbrand joined Electronics Research Inc. (ERI) as a senior structural engineer. With 15 years of experience in structural design and project management, Hillenbrand is a registered professional engineer. Before joining ERI, Hillenbrand worked at industrial control and process engineering equipment and services provider Apex Engineering. Read More>> JCB welcomes Fields as the information systems officer The company appointed Jeff Fields as assistant vice president and information systems officer. Fields has 20 years of business technology experience, three of those in the banking industry as a senior network engineer with Indiana Bank and Trust Co. Read More>>
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Latest Industry Insights from Draup Braindesk
CertainTeed launched a newly realigned ceilings resource to expand its product portfolio, providing a complete solution for projects of any size and budget.
CertainTeed launched Ecophon Hygiene Advance Wall that cleans behind panels and enhances acoustics without major structural modifications to a space.
CertainTeed launched two new product lines to offer greater design options for those seeking the modern aesthetics and exceptional acoustics provided by felt.
CertainTeed collaborated with Hyperframe to help its customers set new safety, quality, speed, and simplicity benchmarks through a new, digitally supported construction process.
Key Funding Alert
SolarEdge files to raise over USD 600 Mn on Nasdaq
Israeli solar energy company SolarEdge Technologies has filed a prospectus to issue 2,000,000 new shares, which would raise more than USD 600 Mn at its current share price. SolarEdge provides power optimizers, solar inverters, and monitoring systems for photovoltaic arrays. Read more>>
Company – Instrumental Total Funding– USD 80.3 Mn About: Instrumental enables assembly lines to operate, learn, and adapt parts and processes autonomously. It helps find and fix issues on their assembly lines, preventing development schedule slips and beginning production at higher yields. Read more>>
Latest Reports Published in Draup
BISSELL – Account Intelligence Report : BISSELL focuses on deploying floor cleaning robots that can mop and vacuum floors simultaneously. It helps enhance household air quality and decrease allergens. It aims to provide the Spin Wave Robot that uses AI, computer vision, IoT, and voice to do its job. Read More>>
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