28 Jan 2021Industrial
This week in Industrial: L&T’s cloud investment pays dividends as manufacturing use-cases rise
Mergers and Acquisitions
Allegion plc, acquires IoT firm Yonomi in a bid to diversify
Yonomi was the first company to create an agnostic smart-home ecosystem that automatically discovers and coordinates devices, regardless of their brands. Read More>>
Teledyne to boost imaging sensor portfolio with USD 8 Bn deal for FLIR Systems 
Teledyne is a provider of instrumentation, digital imaging products and software, aerospace and defense electronics, and engineered systems. FLIR is an industrial technology company focused on intelligent sensing solutions for defense and industrial applications. Read More>>
Atlas Copco acquires US-based Purification Solutions LLC
The company focuses on the design, production, and sale of air treatment and on-site nitrogen-generation equipment. Read More>>
Honeywell to acquire Sparta Systems for USD 1.3 Bn
Honeywell plans to leverage the partnership to add AI and ML capabilities to its digital QMS, along with new IoT-enabled connectivity between quality and operational data to determine manufacturing irregularities and triage quality events in real-time. Read More>>
Pentair completes the acquisition of Rocean
This acquisition further advances the company strategy to expand the core water treatment products in the residential and commercial water business while also supporting the efforts to create a more sustainable future. Read More>>
Partnership
Larsen & Toubro Infotech (LTI) has become an Elite Services Partner of Snowflake 
LTI has also become the maiden partner for Showcase, a program that Snowflake is launching to develop and market industry-specific solutions to accelerate enterprises’ cloud data transformation journey. Read More>>
Geek+ and Universal Logic team up to explore new depths of flexible automation   
Built on autonomous mobile robot technology and AI-driven software, Geek+ will provide Universal Logic with the flexibility to automate the entire chain from dynamic inventory control to pick & pack, expanding from goods-to-man to goods-to-robot solutions.Read More>>
Johnson Matthey and thyssenkrupp renew partnership for ammonia production 
The uhde® ammonia technology has ultra-low energy consumption and enables the highest production in a single-train unit, thus minimizing investment costs, and is suitable for small to large scale capacity plants of up to 5,000 metric tons per day. Read More>>
Mass Hiring and Layoff
Larsen & Toubro to hire 1100 engineers 
The entire hiring process of L&T is digital and remote. Roles have not been specified, but they are expected to be spread across the enterprises’ business verticals. Read More>>
Bharat Forge employees union seeks reversal of Chakan plant layoffs during lockdown
The company had laid off 167 workers at the Chakan plant in August 2020, citing the difficulties caused by the pandemic and the subsequent lockdowns. The Bharat Forge Employees Union in Chakan said that while production had resumed at the plant, workers with over 20 years of service have not been called back to work. Read More>>
Product Launch
TDK Corporation announces the InvenSense TCE-11101
It is a miniaturized ultra-low-power MEMS gas sensor platform for direct and accurate detection of CO2 in-home, automotive, IoT, healthcare, and other applications. Read More>>
Siemens Launches Industrial Edge Management System 
Using this technology, users can remotely monitor the status of every connected device and remotely install edge apps and software functions on distributed edge devices. Read More>>
Deals and Deal Renewal
Doosan Bobcat signs investment deal with U.S. autonomous solution company Ainstein. 
The investment deal is part of Doosan’s big picture to create an autonomous heavy equipment ecosystem that can be remotely controlled. Read More>>
Larsen & Toubro’s L&T Hydrocarbon Engineering (LTHE) secures ONGC contract.
The contract involves engineering, procurement, construction, installation, and commissioning of a new living quarter platform of 120 person capacity. Read More>>
Honeywell International Inc. selected to provide auxiliary power units for Sichuan Airlines’ fleet of Airbus SE’s A320 jetliners 
Under the five-year agreement, they will supply Sichuan Airlines with its 131-9A APUs for 93 new A320s set to enter service by 2025. It will also replace the APUs on Sichuan’s existing fleet of 141 A320s. Read More>>
Fujitsu extends partnership with Palantir Technologies
Fujitsu has used Palantir Foundry since last year to optimize its hardware supply chain, further improve its customer service efforts, and modernize its technological infrastructure. Fujitsu will also become the first distributor within Japan of ERP Suite, a Palantir Foundry module. Read More>>
Doosan Bobcat signs investment deal with U.S. autonomous solution company Ainstein. 
The investment deal is part of Doosan’s big picture to create an autonomous heavy equipment ecosystem that can be remotely controlled. Read More>>
Executive Movement
Roberts Named President of Foss Maritime 
Seattle-based tug and towing company Foss Maritime said its COO Will Roberts has been promoted to president. Recently, Roberts oversaw the new vessel build program yielding four new tugboats built for Foss and sister company AmNav. Read More>>
Leadership changes at Hubbell Canada
Kevin Mallory, general manager of Hubbell Canada (Pickering, Ont.) announced a couple of leadership changes. Jason Bedford has been promoted to director, Digital Marketing, and Steve Irvine has been promoted to the role of director, Operations, Supply Chain, and Customer Service. Read More>>
Sanmina Corporation announces that Hari Pillai has rejoined the company as President of Components Technology.
Sanmina is a leading integrated manufacturing solutions company that manufactures some of the world’s most complex and innovative electronic, optical, and mechanical products. Read More>>
Headlines From The Startup World
Startup Spotlight
Latest Insights & Reports

Plant Digital Twin Market Analysis: Digital twins can help to understand and improve products during all stages of its life cycle. By implementing Key Use cases IoT into digital twins and smart products, brands will reduce the potential for waste and improve processing time, particularly with industrial processes. Read more

TerraSource Global Account Intelligence Report TerraSource Global manufacturing focuses primarily on providing robust & integrated in-house capabilities to customers with innovative, durable, & cost-effective machines for crushing, moving, & processing materials. Read more

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