Genuine Parts Company subsidiaries make acquisitions in industrial and automotive sectors

Two subsidiaries of Genuine Parts Company are making acquisitions in the industrial and automotive sectors. 

GPC has a market capitalisation of approximately $13 billion, employs almost 40,000 people, and owns at least four subsidiary companies.  Continue reading Genuine Parts Company subsidiaries make acquisitions in industrial and automotive sectors

Worldwide spending on robotics to exceed $230 billion in 2021, says IDC

A new update to the International Data Corporation Worldwide Semiannual Commercial Robotics Spending Guide forecasts worldwide purchases of robotics, including drones and robotics-related hardware, software and services, will total $97.2 billion in 2017, an increase of 17.9 per cent over 2016.

IDC expects robotics spending to accelerate over the five-year forecast period, reaching $230.7 billion in 2021 with a compound annual growth rate compound annual growth rate of 22.8 per cent.

“The convergence of robotics and artificial intelligence & machine learning are driving the development of the next generation of intelligent robots for industrial, commercial, and consumer applications,” said Dr Jing Bing Zhang, research director, robotics at IDC manufacturing insights.  Continue reading Worldwide spending on robotics to exceed $230 billion in 2021, says IDC

iRobot buys Robopolis to expand in Europe

 

iRobot, the US company which makes consumer robots such as the Roomba robotic vacuum cleaner range, has closed the previously announced acquisition of Robopolis, a French company.

The preliminary purchase price of $141 million is subject to normal purchase price adjustments and is expected to be finalized no later than the first quarter of 2018.

Europe is a key strategic region for iRobot and provides “an excellent opportunity for further growth”, says the company.  Continue reading iRobot buys Robopolis to expand in Europe

Zume Pizza raises $48 million funding for robotic pizza production system

 

A company which is developing robotic pizza production systems has raised $48 million in funding, according to a report on ZDNet.com

The new funding for Zume Pizza follows a previous round, in December, which raised $23 million.

ZDNet says Zume’s system could increase speed and freshness at the same time as reducing labour costs.

(Main picture courtesy of ZDNet.)

Atos to acquire Siemens Convergence Creators

 

Atos, a technology company which has a huge interests in digitalisation of industry, says it plans to acquire Siemens Convergence Creators, a global multi-industry digital transformation solutions provider.

Atos says CVC’s highly skilled engineers and a total headcount of approximately 800 staff deliver software based solutions in the fields of communication networks, service and customer management, public safety and security, multimedia infotainment, as well as space technology.

CVC was initially an internal innovative research and development and solutions partner for multiple Siemens business units.  Continue reading Atos to acquire Siemens Convergence Creators

Kinova Robotics raises $25 million for expansion plans

 

Kinova Robotics, a designer and manufacturer of robotic solutions, has raised additional funds of $25 million for further expansion.

The money came from four major contributors, including lead investor Fonds Manufacturier Québécois; co-investors KTB Network, and Foxconn; and BDC Capital, the investment arm of BDC.

Kinova says 90 per cent of its business is exports, so establishing an office outside its native Canada is a priority.

Kinova CEO Charles Deguire says: “We want our users to achieve the extraordinary with our robots – creating more value for themselves and our society.  Continue reading Kinova Robotics raises $25 million for expansion plans

IFR’s projected growth of collaborative robots market ‘in line’ with Universal expectations

 

The International Federation of Robotics’ new report into the global industrial robotics market predicts significant growth in the collaborative robotics segment.

Universal Robots is widely regarded as the market leader in collaborative robots, having been the first to launch such machines almost 10 years ago and having sold more than 10,000 units since.

Having started out in Denmark, Universal Robots is now part of the US industrial giant TeradyneContinue reading IFR’s projected growth of collaborative robots market ‘in line’ with Universal expectations

Dassault Systèmes to acquire simulation software company Exa

 

Industrial design software giant Dassault Systèmes has agreed to acquire Exa Corporation, a provider of simulation software for product engineering.

Exa is based in Burlington, Massachusetts-based, and Dassault Systèmes is headquartered in France, and is now believed to be the one of the largest software companies in Europe by revenue.

Under the terms of the merger agreement, a subsidiary of Dassault Systèmes will commence a tender offer within the next 10 business days to acquire all of the issued and outstanding shares of Exa common stock for a price of $24.25 per share payable in cash upon completion of the offer.  Continue reading Dassault Systèmes to acquire simulation software company Exa

EU expected to make it more difficult for foreign companies to buy European companies

 

The European Union is re-examining the rules governing takeovers of European companies by investors from outside the EU. 

The reassessment comes in the aftermath of the takeover of German robotics and industrial automation company Kuka by Chinese household appliances maker Midea.

Midea’s acquisition of Kuka – for about $4 billion – was said by Bloomberg to be part of a “global acquisitions spree” by the Chinese company.  Continue reading EU expected to make it more difficult for foreign companies to buy European companies

US trade boss warns of oversupply of bad robots because of Chinese government subsidies

 

China’s appetite for industrial robots is big and growing. Already the largest buyer of the machines, domestic companies are being encouraged by the Chinese government to build more robots locally, not just import them from overseas. 

Such high-powered encouragement has led to the establishment of numerous robot manufacturers in the country, some of which take advantage of government subsidies.

This has prompted criticism from US commerce secretary Wilbur Ross (main picture), who grumbled about a range of issues, but singled out China’s burgeoning robotics industry, which he apparently believes is built mainly on government subsidies.  Continue reading US trade boss warns of oversupply of bad robots because of Chinese government subsidies

By 2020, 1.7 million new robots will be roaming the earth

 

The global robot population is growing at what some might say is an alarming rate. 

As well as the countless millions already tucked away in factories and homes everywhere, there could be another 2 million added to that number by the end of the decade, which may or may not coincide with the end of humanity’s control over the planet and a ceremonial transfer of power to the robots and artificial intelligence.

Purely ceremonial, since some people say they already rule over us anyway.  Continue reading By 2020, 1.7 million new robots will be roaming the earth

World Economic Forum warns of widespread disruption caused by robots

 

The World Economic Forum has warned of widespread disruption caused by robots, in its latest report about global competitiveness. 

In its Global Competitiveness Index 2017, WEF says the most competitive countries are:

  1. Switzerland
  2. United States
  3. Singapore
  4. Netherlands
  5. Germany

The organisation says sustained economic recovery remains at risk due to lack of increases in productivity.  Continue reading World Economic Forum warns of widespread disruption caused by robots

ABB agrees to buy General Electric’s industrial business unit for $2.6 billion

 

ABB has finalised a deal to buy General Electric’s industrial solutions business unit for $2.6 billion.

The deal would result in ABB taking over the part of GE’s business which supplies circuit breakers and other electrical equipment to industry.

GE Industrial Solutions is said to have deep customer relationships in more than 100 countries and an established installed base with strong roots in North America, ABB’s biggest market.  Continue reading ABB agrees to buy General Electric’s industrial business unit for $2.6 billion

Markets update: Investments in robotics and related technologies

 

By investment analysts at Market News Updates

The robotics sector has experienced record growth in the US, partly as a result of the government’s a policy of discouraging manufacturers from leaving the country.

As a result, American businesses have turned towards robotics and automation technologies to cope with rising labor costs.

Because of this, investors positioned in companies pursuing robotics, retail automation and artificial intelligence technologies are rewarded with new 52-week highs.  Continue reading Markets update: Investments in robotics and related technologies

Embedded computing market to grow over $200 billion by 2022

 

The global embedded computing market will grow to more than $200 billion by 2022, according to a new report.

The sectors accounting for a significant portion of the expected growth will be automotive and industrial.

The report, Embedded Computing Market, is by Acumen Research and Consulting, which says the market will grow at an annual rate of 6 per cent over the forecast period of 2015 to 2022.  Continue reading Embedded computing market to grow over $200 billion by 2022