11 Mar 2021Industrial
This week in Industrial : Additive manufacturing technologies become prime investment targets

Latest Reports Published in Draup

Emerson account intelligence report: Emerson’s focus on air-conditioning technology will save energy, enable sustainable air management, incorporate renewable energy sources, and improve energy efficiency and reliability seamlessly. Read More>>
Baker Hughes account intelligence report: Baker Hughes’ AI-based application uses machine learning for anomaly detection, production forecasting, and prescriptive actions, improving production process. The company will enhance design, manufacturing capability through new digital technology. Read More>>

Key Funding Alert

Zetwerk raises USD 120 Mn in Series-D led by Greenoaks Capital and Lightspeed Venture Partners 
The Bengaluru-based manufacturing startup will use the funds to help customers translate their digital designs into physical products through access to a wide range of fully verified, flexible manufacturing capacities from small manufacturers (SMEs). Zetwerk raised a total capital of USD 193 Mn. 
Read More>>

Startup Spotlight

Company –  Velo3D
HQ Location – San Francisco, USA 
Total Funding – USD 50.09 Mn
Type – Industrial 
About: Velo3D brings together an integrated solution of software, hardware, and process-control innovation. Its Support Free capability for 3D metal printing, enables unlimited design innovation, reducing the need for support structures in metal additive manufacturing. Read More>>

Key Insights and Signals in Draup

Partnerships
AMEXCI acquires a new 4-laser SLM®500 system from SLM Solutions  
The machine offers excellent features for industrial series production of large metal parts and will accelerate the industrialization of metal-based AM technology, increase productivity and part quality. Read More>>
Danfoss signs MoU with the Indian Institute of Science (IISc) 
They will develop a research and training center for natural refrigerants, including CO2 (R744) with an investment of INR 10 Mn (USD 137,600). Read More>>
Carrier Global and IWBI to strengthen global healthy buildings movement   
The International WELL Building Institute (IWBI) and Carrier will provide healthy, safe, sustainable building, advance industry engagement through education, and encourage the adoption of healthy building practices. Read More>>
Plug Power and Acciona announces green hydrogen venture for Spain and Portugal 
They will develop, operate, maintain, and fulfill demands in the Iberian Peninsula, aiming to reach a 20% market share by 2030, along with providing storage, transportation, and delivery services to industrial and business segments.  Read More>>
Mergers and Acquisitions
Sensirion acquiring micro gas-analyzer specialist Qmicro 
Sensirion intends to expand its gas sensing portfolio from components and modules to stand-alone micro gas analyzers for industrial applications. Read More>>
Sensata Technologies signs definitive agreement to acquire Xirgo Technologies  
The acquisition will strengthen Sensata’s position as a data insight provider across transportation and logistics end-markets.Read More>>
Executive Movement and Signals
James Kim to take over as CEO of North American operations at Doosan Machine Tools  
Kim spent the past 37 years at Doosan in a variety of roles. His roles include sales management director, VP of Strategy & Planning, and corporate secretary (also a VP role). Read More>>
Schneider Electric appoints Ajibola Akindele as the General Manager Process Automation, Sub-Saharan Africa   
According to the leader in energy management and automation, Mr. Akindele will lead the overall strategic business growth of the company’s Electric Process Automation in Sub-Saharan Africa through the on-going expansion initiative. Read More>>
Deals
Atos, Axione, and Siemens to manage multi-service network and monitoring of three new metro lines in Paris 
The project involves the construction of an automatic metro around Paris under a contract worth EUR 153 Mn (USD 186 Mn). Read More>>
Fujitsu to deliver Arm supercomputer for world-class research capabilities in Portugal 
The new system, Deucalion, will be installed at the Minho Advanced Computing Centre (MACC) in Portugal. Read More>>
ABB’s robotics and automation solutions to be used at the Ola Electric Mobility factory 
The Swiss engineering company’s automation solutions will be used in the factory’s key manufacturing process lines, including painting and welding, while ABB’s robots will be used for the battery and motor assembly lines. Read More>>
Layoff
Wabtec to lay off 40 more employees at Erie plant 
The reduction will come during the 1st Quarter of 2021 considering volume realities. The company will provide employees with resources and benefits to manage this transition. Read More>>
New Product Development
Fujitsu Laboratories Ltd. to develop technology to detect various work elements 
The AI technology will differentiate tasks, for instance, “removing a part,” “tightening a screw,” or “installing a cover,” from video data consisting of a series of tasks from manufacturing lines and other places of manual work. Read More>>
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