25 Feb 2021Industrial
This week in Industrial: M&As and partnerships continue to accelerate innovation and automation for industrial corporates
Mergers and Acquisitions
Laser manufacturer Coherent receives USD 6 Bn takeover offer from MKS Instruments 
MKS’s offer represents a premium of 16% to Lumentum’s proposal, including a cash component of USD 115 compared to USD 100 in Lumentum’s offer. Last month, optical fiber specialist Lumentum Holdings Inc said it would acquire Coherent for a USD 5.7 Bn deal. Read More>>
Cosworth to completely acquire Delta  
The acquisition will bolster Cosworth’s focus in delivering propulsion, electronics, and software solutions for the automotive, aerospace, and marine sectors. Delta’s specialties in battery systems align with Cosworth’s roadmap for hybridization and electrification. Read More>>

Partnership
Lectra teams with Microsoft to drive innovation in the fashion industry 
Lectra designs innovative industrial solutions that help brands, manufacturers, and retailers develop, produce and market their products. The company has been using Industry 4.0 technologies since 2015, including A.I., IoT, big data, and cloud technology. Read More>>
Schneider Electric and Wood’s partnership accelerates open automation   
The MoU provides Wood’s automation and control group access to Schneider Electric’s IEC61499-based software, helping them deliver open, standards-based automation solutions. Read More>>
Tata Steel BSL ties up with FarEye for digital transformation process 
FarEye’s predictive logistics SaaS platform enables enterprises to orchestrate, track, and optimize their logistics operations. Tata Steel BSL will embrace FarEye’s platform to drive automated delivery workflows, including automatic order allocation. Read More>>
Executive Movement 
ABB appoints Joerg Theis as President of Machine Automation Division (B&R) 
Joerg Theis has deep experience in process and factory automation in Consumer Goods, Pharmaceutical, F&B, Hybrid Industries, and Automotive, amongst other segments, focusing on developing digital services offerings. Read More>>
Roland Busch ascends into the role of Siemens CEO 
In addition to appointing a CEO, shareholders have made other appointments. Merging of the virtual and real worlds will play a key role. The aim now is to renew the technological backbone of the economy and society. Read More>>
Desktop Metal announces new executive leadership appointments 
Desktop Metal, a leader in mass production and turnkey additive manufacturing solutions, appointed James Haley as its new CFO and Arjun Aggarwal as the Chief Product Officer, a newly created role. Read More>>
Alstom appoints Nick Crossfield as UK & Ireland Managing Director following Bombardier Transportation acquisition  
Nick Crossfield held the same role for Alstom before its acquisition. The acquisition creates a world leader in sustainable mobility. Alstom is supporting around 67% of the U.K.’s rail fleet and employing over 6,000 people. Read More>>
Center set up and expansion 
HORIBA FRANCE opens a new R&D and production site: HFR Lille 
The world leader in Raman spectroscopy inaugurated its new site in HFR Lille, Hauts-de-France. This production and R&D site will enable the company to meet the increasing demand for Raman spectroscopy, its flagship product, LabRAM Soleil™. Read More>>
Doosan to invest USD 90.5 Mn in wind power generation by 2030 
The investment will create 1,000 jobs. The project involves building an 8.2 GW offshore wind farm in Sinan with a generation capacity equal to that of six new Korea-type nuclear power plants put together. Read More>>
Headlines From The Startup World
Startup Spotlight
Latest Insights & Reports

Saint-Gobain S.A. account intelligence report The company will launch plants and new production lines by incorporating advanced environmental, safety, and Industry 4.0 standards to optimize industry performance and sustainability. Read more

CHawk Technology International account intelligence report  CHawk’s identity as a plastics component manufacturer for semiconductor fabrication equipment and medical devices is rapidly transforming by diversifying its services. Paperless Parts partnered with CHawk Technology International to power CHawk’s quoting processes. Read more

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