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

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

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

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

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

Household appliances maker Vorwerk acquires Neato Robotics

 

Neato Robotics, which mainly makes robotic vacuum cleaners for the home, has been acquired by Vorwerk. Terms of the transaction were not disclosed.

Vorwerk first invested in Neato Robotics in 2010. With this acquisition, the German family-owned enterprise says it is enhancing its strategic position on the emerging global market for home robot vacuums.

Neato will operate within the Vorwerk Group as a wholly owned independent business unit, with its own brand identity and corporate culture. There will be no changes to leadership or daily operations.  Continue reading Household appliances maker Vorwerk acquires Neato Robotics

Jenoptik acquires Five Lakes Automation

Optoelectronics group Jenoptik has acquired 100 percent of the Michigan company Five Lakes Automation.

FLA is a full-service provider of complex automated manufacturing solutions.

The company plans and designs automated production lines and integrates them in the customer’s environment including all production systems.  Continue reading Jenoptik acquires Five Lakes Automation

Robotics and automation news is good for ABB, says CEO

Industrial giant ABB is reporting a 3 per cent growth in total orders across its operation, but most of it seems to be coming from robotics. 

Net income was $525 million – for the second quarter ending July 6. Gross profit, however, was down 5 per cent, and was only $1 billion. Total revenues were up 1 per cent at almost $8.5 billion.

ABB CEO Ulrich Spiesshofer says: “In Q2, ABB continued to build its growth momentum as our targeted initiatives are delivering. Order growth was broad-based and across all regions.

“Our industry-leading digital offering, ABB Ability, is taking off and starting to contribute to growth.

“Operational performance in the power grids and industrial automation divisions was solid in the quarter. Electrification products and robotics and motion improved margins sequentially, but were not able to fully compensate commodity price headwinds and overcapacity during the quarter.  Continue reading Robotics and automation news is good for ABB, says CEO

WTWH Media buys The Robot Report

therobotreport homepage

Business-to-business publisher WTWH Media has bought The Robot Report for an undisclosed sum.

TheRobotReport.com was founded in 2008 by Frank Tobe, and is one of the leading websites in this growing sector of publishing.

The website covers robotics in a variety of business segments, including transportation, agriculture, manufacturing and even outer space.  It has an international perspective, covering many countries around the globe.  Continue reading WTWH Media buys The Robot Report

Comau agrees deal with Brazilian integrator MVB Automation

comau brazil mvp deal

Comau has agreed a new partnership with MVB Automation in Brazil. Founded over 10 years ago, the company is a system integrator based in Camaçari, Bahia, with about 90 experts in the field of factory automation.

MVB serves a variety of customers in general industry with robotics solutions, automation controls, process simulation and tooling.

Comau says this partnership represents its strategy to develop its growing partner network in Latin America.  Continue reading Comau agrees deal with Brazilian integrator MVB Automation

ABB opens new Canada headquarters in Montreal

new-abb-canada-headquarters-in-montreal

Industrial energy and automation giant wins three key digital orders from major Canadian customers

ABB has officially inaugurated its new $90 million Canadian headquarters and Customer Innovation Center, which will serve 700 employees who were previously spread across six locations in Greater Montreal.

Campus Montreal houses research and development, manufacturing, assembly and testing for ABB’s energy value chain, says the company.  Continue reading ABB opens new Canada headquarters in Montreal

UK-based robotics and automation systems designer Tharsus expands operations

Steve Flowers and Glen Aitchison at NetPark
Steve Flowers and Glen Aitchison at NetPark

Tharsus Group, a 50-year-old UK-based designer and manufacturer of automation and robotics equipment, has expanded its operations by opening a new office in County Durham, in north England. 

The Northumberland-based business, which delivers commercial robotics and automated solutions to some of the world’s leading companies, opened an office at the North East Technology Park (NetPark) in Sedgefield, as part of an initiative to widen its access to the North East’s talented pool of engineering professionals.

The new office will primarily be used as a base to develop the software that is essential to the operation of Tharsus’s robotic solutions. It will also be a centre for further expanding the company’s core knowledge of robotics, in line with its 2017 business strategy.  Continue reading UK-based robotics and automation systems designer Tharsus expands operations

Akasol wins ‘major contract’ to supply lithium-ion battery systems for new e-buses

akasol kvb e-bus
Sustainable passenger transportation without environmentally damaging emissions: one of eight battery-powered articulated buses with Akasol battery systems operating as part of Cologne’s public transportation network. (Photo: Koelner Verkehrsbetriebe)

Akasol says it has agreed a deal with “an internationally operating commercial vehicle manufacturer based in northern Europe” for the serial production of lithium-ion battery systems for its entire fleet of e-buses. 

Akasol claims the contract with the original equipment manufacturer is worth “hundreds of millions of euros” and lasts until 2023, and outlines a close, long-term partnership between both companies and involves the supply of up to 4,500 battery systems.

Sven Schulz, CEO of Akasol, says: “Thanks to our technological expertise and nearly 30 years of experience in the field of traction battery systems for the automotive industry, we made an impressive bid and were able to set ourselves apart from the competition.”  Continue reading Akasol wins ‘major contract’ to supply lithium-ion battery systems for new e-buses

Robotic suitcases: Who needs them?

Whenever you have a good idea, you can be sure someone, somewhere has got the same idea, and has probably already built a prototype or even a business out of it. 

In the internet age, you’ve gotta move fast if you’re going to succeed in the making business. Or maybe try and think of an entirely original idea no one can steal.

So it was that we were thinking if we could find a robotic suitcase to take on our travels this year, to industry events and such. And sure enough there’s at least three we found on the market, and probably several others we don’t know about or haven’t got time to list.  Continue reading Robotic suitcases: Who needs them?