Sandvik acquires ICAM as it looks to automate key processes & improve simulation solutions
Key Insights and Signals in Industrial
Center setup and Expansion ACCIONA will build the Jubail 3B desalination plant, its sixth in Saudi Arabia The plant will have a daily capacity of 570,000 m3 that can supply water to two million people. Together with its partner SEPCOIII, ACCIONA will undertake the construction of the Jubail 3B desalination plant. SWPC has announced the financial closure of the project, which is estimated at USD 692 Mn. Read More>> Veeco ships its first system from the new manufacturing facility The company sent the first LSA101 Laser Spike Annealing System from its new San Jose, California facility to an unnamed semiconductor manufacturer. This new manufacturing space enables Veeco to serve the world’s leading semiconductor chip providers with increased capacity and world-class lab space. Read More>> Saint-Gobain announces USD 400 Mn investment to expand four building products facilities The company will spend the money through its CertainTeed subsidiary to expand capacity at four factories. It marks the largest organic growth project for several years for the multinational company, making products for the construction, materials science, energy, medicine, and environmental markets. Read More>>Deal Plug Power (PLUG) secures electrolyzer deal from Fertiglobe Plug Power clinched a contract from Fertiglobe and its partners, Sovereign Fund of Egypt, Scatec ASA, and Orascom Construction, to provide electrolysis technology for a 100 megawatts electrolyzer. Plug Powers electrolysis technology will facilitate green hydrogen creation required to produce green ammonia at EBIC in Ain Sokhna, Egypt. Read More>> Windar to supply 110 turbine LiDAR systems to Vestas The company developed a LiDAR wind sensor for wind turbines. It received its first volume order from Vestas Wind Systems A/S after signing a global distribution agreement with the Danish wind turbine maker in 2018. Read More>> Siemens Energy, Andrade Gutierrez win USD 1.1 Bn power plant order Both companies have won EUR 1 Bn (USD 1.1 Bn) contract to build a 1.7 gigawatt combined cycle power plant in Brazil. Siemens Energy will also provide long-term operation and maintenance of the plant. Read More>>Partnerships Wartsila Voyage, MPA collaborate on smart port tools The partnership aims to create secure and cost-effective information-sharing pathways for ecosystem partners. The partners will also develop and trial intelligent vessel functions for better interoperability of onboard and onshore systems. Read More>> SPX FLOW’s new collaboration with SIG lands first big win SPX FLOW, a leading provider of process solutions for the nutrition, health, and industrial markets, will provide Ultra High Temperature (UHT) technology process lines to one of the Middle East’s leading dairy producers. The technology center will accelerate how customers test a complete delivery solution, speeding up their time to market. Read More>>Mergers and Acquisition Kubota acquires automation specialist AgJunction The acquisition cost Kubota USD 91 Mn, and it will accelerate AdJunction’s business plan, provide access to new markets, increase scale, and enable the retention of employees. AdJunction is strong in technologies for automated machine control and path planning. Read More>> Sandvik to acquire Canada-based software company ICAM Technologies Sandvik has signed an agreement to acquire Canada-based ICAM Technologies Corporation, a software provider that translates CAM data into optimized coding for guiding CNC machining operations. The company will be reported in Sandvik Coromant, a division within Sandvik Manufacturing and Machining Solutions. Read More>> Lattice Semiconductor acquires Mirametrix in an all-cash transaction Mirametrix’s core competencies are attention sensing technology, expressly object tracking and face, eye, and gazing tracking. These technologies and software capabilities will give Lattice more solutions to offer to its compute and automotive customers. Read More>>Executive Movement Eaton Partners appoints Jonathan Lee as Head of Asia Pacific Eaton Partners, one of the world’s largest private fund placements and financial advisory firms and a wholly-owned subsidiary of Stifel Financial Corp., appointed Jonathan Lee as Managing Director and Head of the Asia Pacific region, based in Hong Kong. Read More>> Rockwell Automation announces sa Arvidsson as new Regional VP for the Nordics, UK Rockwell appointed Asa Arvidsson as its new regional vice president for its North Region in EMEA, covering the Nordics, UK, Ireland, and Russia. In this role, Arvidsson will drive faster customer value as they increasingly adopt digital solutions to improve resilience, agility, and sustainability in their operations. Read More>>
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Latest Industry Insights from Draup Braindesk
Datalogic
Datalogic is introducing technologies and solutions for mobile computers, handheld scanners, and fixed retail scanners to strengthen the company’s position in the global market.
The company is focused on using digital imaging scanners, handheld scanners to enhance inventory management activities.
Datalogic has partnered with other organizations to strengthen enterprise resource planning (ERP) systems through barcode scan, image capture, and geo-location.
The company utilizes digital technologies like artificial intelligence, computer vision, the internet of things, natural language processing, voice recognition, machine learning, and radio frequency identification to enhance its operations.
Datalogic is encouraging beneficial partnerships to expand the firm’s offerings in the portfolio and develop new facilities for shopkeepers to empower market opportunities.
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Key Funding Alert
KYOCERA AVX invests in venture capital fund good growth capital
KYOCERA AVX invested in Good Growth Capital (GGC), an early-stage venture capital firm heavily invested in complex science and deep-tech startups dedicated to producing new technologies rooted in scientific advances and discoveries and substantial engineering innovation. Read more>>
Startup Spotlight
Company – Fabheads Automation Total Funding– USD 1.09 Mn About: Fabheads Automation specializes in composites. It focuses a lot of its resources on developing better, more reliable, automated fabrication technologies for the composites sector. It is the first company in Asia with in-house developed fiber 3D printing capabilities. Read more>>
Latest Reports Published in Draup
Johnson Controls Account Intelligence Report: Johnson Controls focuses on smart building systems that use AI and digital twins and expanding digital monitoring services for customers. Its digitally-driven suite of connected solutions delivers sustainability, safety, and security with cutting-edge technology. Read More>>
Nilfisk Account Intelligence Report: Nilfisk delivers a wide range of premium cleaning products and a trusted aftermarket offering on the professional market. Its revenue growth decreased by 2% in FY2020 compared to 2019, impacted by low demand due to the COVID-19 pandemic. Read More>>
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