Smartworld and Vertiv partner to address the data center challenges in the UAE
Key Insights and Signals in Industrial
Mergers and Acquisition Briggs & Stratton enters the energy storage system market by acquiring SimpliPhi Power Through this acquisition, Briggs & Stratton will accelerate its growth into the energy storage system market, expanding the business to offer a comprehensive range of products that provide safe, reliable, and affordable energy solutions to a broader group of customers in this fast-growing market. Read More>> GI Partners completed the acquisition of Orbcomm The all-cash transaction values Orbcomm at approximately USD 1.1 Bn. Orbcomm provides Industrial Internet of Things (IIoT) solutions to customers in transportation, maritime, and heavy equipment. Read More>>Partnerships Smartworld partners with Vertiv The new agreement with Vertiv allows Smartworld to add the US-based vendor’s full range of IT channel solutions to its infrastructure portfolio, including uninterruptible power supply (UPS) solutions, thermal management solutions, racks, and enclosures, along with solutions for core and edge data centers. Read More>> ABB and Stubli collaborate to reduce GHCs The two companies will focus on mine infrastructure solutions for battery electric vehicles, high power requirements, automated and safe operations, adaptation to harsh environmental conditions, and meet approved standards. Read More>>Executive Movement Weir Group appoints first female chair in the 150-year history Barbara Jeremiah spent 30 years at global aluminum giant Alcoa, replacing Charles Berry after completing his nine-year tenure. When she takes up the role, Jeremiah will become the FTSE 100s 12th female chair. Read More>> Atlas Copco’s Sr. VP announces retirement Sr. VP and Chief Legal Officer Hkan Osvald will step down from his position at the end of April 2022. Osvald has held his current position since 2012. Read More>>Deal and Deal Renewal Canadian Solar agrees to long-term O&M deals for solar and storage projects The projects were developed by Canadian Solar’s subsidiary Recurrent Energy, currently owned by Goldman Sachs Asset Management Renewable Power. Canadian Solar will be responsible for plant monitoring, NERC registration, performance management, and preventative and corrective maintenance. Read More>> Hitachi ABB Power Grids provides electric fleet charging technology to operator Svealandtrafiken in Sweden The company will supply a compact, scalable and modular grid system based on Grid-eMotion Fleet technology to charge electric vehicles (EVs) in Vsters, Sweden. Read More>> Stratasys receives USD 20 Mn navy contract for printers, materials, and support The U.S. Navy will purchase up to 25 Stratasys F900 FDM 3D printers over the next five years. In addition to the printers, the contract includes initial support and sustainment, materials, and initial training for the supplied systems. Read More>>Centre Setup and Expansion HNI Corporation (HNI) opens a new office furniture manufacturing plant in Saltillo, Mexico The new plant will focus on manufacturing office seating. These products are sold primarily through a national system of dealers, wholesalers, and office product distributors and directly to end-user customers and federal, state, and local governments. Read More>> Beumer Corp. opened its North American HQ in Denver for its conveying, loading, and airport division The Denver-based division of the Beumer Group will be led by Daniel Uttelbach, MD and VP of conveying and loading systems, along with David Delaney, VP and GM of the company’s North American airport division. Read More>> Swagelok opened a new 124,000 sqft global HQ in Northeast Ohio as part of its company growth commitment The expansion for the Swagelok facility features an innovation laboratory and a customer collaboration center that directly connects to the company’s main plant. Read More>>
Key Funding Alert
Prysmian Invests USD 27 Mn in Mexico
Prysmian Group announced the investment of USD 27 Mn to expand its cable and fiber optic manufacturing facility in the state of Durango, Mexico. It will manufacture fiber and optical cables used in the telecommunications sector. Read More>>
Startup Spotlight
Company – Fabheads Automation Total Funding – USD 1.23 Mn About: Fabheads Automation specializes in the composites part manufacturing sector. It focuses a lot of its resources on developing better, more reliable, automated fabrication technologies. Read more>>
Latest Reports Published in Draup
Flowserve Corporation Account Intelligence Report: Flowserve provides ‘smart’ valve and diagnostic technologies that integrate sensors, microprocessor controls valves, and switch boxes for automated on/off valve assemblies and electric actuators. Read More>>
Ownes-Illinois Account Intelligence Report: Owns-Illinois personalizes glass digital printing technology to develop for design agencies, packaging professionals, food & drink marketers to stand out and provide its consumers with ways to choose their brands. Read More>>
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