31 Dec 2020Industrial
This week in Industrial: Siemens expands software ecosystem to augment additive manufacturing
Mergers and Acquisitions
Hyundai Heavy Industries selected to acquire stake in Doosan Infracore 
The sale of Doosan Infracore is part of the restructuring process for the beleaguered Doosan Heavy Industries & Construction, which was facing a 4.2 trillion won debt load. Read More>>
Brown Brothers Engineers acquires SPX Flow New Zealand
SPX Flow is a sales and service organization specialized in products branded APV, Waukesha Cherry-Burrell, Bran+Luebbe, Lightnin, and more. Read More>>
Amphenol to snap up MTS Systems for USD 1.7 Bn
The proposed acquisition of MTS Systems for USD 1.7 Bn in cash, including the assumption of debt and net of cash will broaden and enhance sensor business. Read More>>
Perceptron shareholders approve merger agreement with Atlas Copco
Under the terms of the merger agreement, Perceptron shareholders will receive $7.00 per share in cash for each common stock held share. Read More>>
Partnership
Realtime Robotics partners with Dematic to deliver new capabilities to mixed case palletizing 
The use of Realtime’s advanced multi-robot coordination and spatial perception technology paired with Dematic’s automated palletizing software will vastly improve the accuracy, cycle time and stability. Read More>>
SMC Corporation announces Master Distributor Partnership with Soft Robotics Inc 
This strategic partnership will empower SMC Corporation’s global sales team to bring Soft Robotics’ ground-breaking robotic technology to its customers around the world. Read More>>
ASSA ABLOY integrates Aperio Wireless Tech Connect ONE. 
The Aperio integration offers Connect ONE customer an easy way to connect additional wireless locks to new and existing installations. Read More>>
Siemens expands software ecosystem for industrial additive manufacturing 
They are signing partnerships with Morf3D, Sintavia and Evolve Additive Solutions. Read More>>
Shell signed up by Wartsila as partner for engine testing
The selection was made based on Shell’s comprehensive range of market-leading lubricant oils for stationary engines that operate on gas, heavy fuel oil, and liquid biofuel. Read More>>
Mass Hiring
Techtronic Industries (TTI) invests USD 100 Mn to create 525 jobs over the next several years
The investment will fund a new 1 million-square-foot manufacturing plant and warehouse to create jobs in production and assembly operations. The expansion will also include a reconditioning plant. Read More>>
Executive Movement
Tracy Richardson has been appointed CEO of Clipsal Solar
Tracy joins with 15 years of experience in digital businesses and marketing. Read More>>
Austin G. Camporin will be stepping down from the Board of Directors at Arconic Corporation
Mr. Camporin has served on the Arconic Board and its Finance Committee since its launch as a standalone company. Read More>>
Pentair plc appoints Gregory Knight to its Board of directors.
Mr. Knight is the Executive Vice President, Customer Transformation and Business Services of CenterPoint Energy, Inc., an energy delivery company. Read More>>
Dwayne Wilson has been elected to the Crown Holding’s Board of Directors
The Board now has 13 members. Mr. Wilson most recently served as Senior Vice President of Fluor Corporation. Read More>>
Christine Morris appointed as the new CFO of Maersk Drilling
Christine Morris has experience from the oil and gas industry and 25 years of broad finance experience, including CFO and Treasurer positions for US public and private corporations. Read More>>
Headlines From The Startup World
Startup Spotlight
Latest Insights & Reports

Hilti Account Intelligence Report: Hilti is focusing on digital solutions, which includes the connected fasteners and Sensor system, promoting productivity and safety in heavy
in-hand tools. Read more. 

Mold Masters – Account Intelligence Report: Mold Masters has collaborated with Milacron to launch its products. Their main focus areas are AI in Co-Injection and Data Automation in E-Multi auxiliary injection unit. Read more. 

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