Siemens acquires integrated circuit software developer Solido Design Automation to strengthen its digital offerings

Siemens is strengthening its digitalization offerings – in particular, its product lifecycle management platform – through a new acquisition.

Siemens has reached an agreement to acquire Solido Design Automation, a provider of machine learning-based variation-aware design and characterization software.

Siemens says the purchase will strengthen the integrated circuit design and verification technologies it already offers through Mentor, a previous acquisition.  Continue reading Siemens acquires integrated circuit software developer Solido Design Automation to strengthen its digital offerings

Emerson to acquire Paradigm for $510 million

Industrial automation company Emerson has reached a deal to acquire Paradigm, a provider of software solutions for the oil and gas industry. 

The purchase price is $510 million, which Emerson says reflects a multiple of 13 times expected 2017 EBITDA.

Emerson says it will combine Paradigm with its existing Roxar software business to provide an exploration and production software portfolio with offerings spanning seismic processing and interpretation to production modeling.  Continue reading Emerson to acquire Paradigm for $510 million

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

Swisslog buys Tecnilab

swisslog tecnilab

Swisslog, a supplier of solutions for medication and supply chain management in healthcare, has bought Tecnilab Group, a specialist in pharmacy automation and logistics technology for healthcare systems. 

Swisslog and Tecnilab have partnered over the past three years to introduce the UniPick 2 Drug Dispensing System for outpatient pharmacies and the TheraPick Automated Packaging and Dispensing System for inpatient pharmacies. The acquisition strengthens the existing global Swisslog technology portfolio in inpatient and outpatient pharmacy automation.

The acquisition strengthens the existing global Swisslog technology portfolio in inpatient and outpatient pharmacy automation.  Continue reading Swisslog buys Tecnilab

Cemtrex completes ‘synergistic’ acquisition of Periscope

Saagar Govil, CEO of Cemtrex
Saagar Govil, CEO of Cemtrex
Cemtrex claims the acquisition makes it a top 15 company in the German electronics manufacturing services market

Cemtrex, an industrial and manufacturing solutions company, has completed the previously announced acquisition of a German electronics manufacturing company, Periscope, located in northern Germany.

Periscope is focused on electronic manufacturing services primarily for the major German automotive manufacturers, including Tier 1 suppliers in the industry, as well as for industries like telecommunications, industrial goods, luxury consumer products, display technology, and other industrial OEMs. Periscope has more than 35 years of industrial operating experience.  

Cemtrex already has a German subsidiary in the electronics manufacturing sector and with this acquisition, it will secure a broader base and larger market share in the Eurozone. With Periscope, Cemtrex becomes a leading EMS company in Germany, ranking among the top 15.  Continue reading Cemtrex completes ‘synergistic’ acquisition of Periscope

Cemtrex to acquire electronics manufacturer specializing in automotive technologies

electronics board

Cemtrex, an industrial and manufacturing solutions company, has entered into an agreement to acquire electronics manufacturer, The Target.

The Target is a company focused on electronic manufacturing services primarily for the major German automotive manufacturers, including Tier 1 suppliers in the industry, as well as for industries like telecommunications, industrial goods, luxury consumer products, display technology, and other industrial OEMs.

The Target’s projected annual revenues for the next 12 months is expected around €30 million and the company has a history in the electronics manufacturing industry extending back decades.  Continue reading Cemtrex to acquire electronics manufacturer specializing in automotive technologies