General Electric has resumed negotiations to sell its industrial solutions business to ABB, according to a report on Reuters.com.
The US conglomerate’s industrial solutions business includes products such as circuit breakers, relays, panel boards and other technologies for sectors including power generation, telecommunications and mining.
Huawei and GE Digital are partnering to jointly launch their industrial cloud-based predictive maintenance solution.
In an interview with Robotics and Automation News, Catherine Du, Huawei’s director of marketing, said the company is looking to increase its share of the nascent but fast-growing sector of business.
“Huawei is one of the leading ICT vendors,” said Du. “We supply a wide range of technologies to the market, from Big Data to IoT, so we feel that now is the right time for us to reach out to the industrial space and build new partnerships.”
Exclusive interview with Matt Wells, of GE Digital. By Abdul Montaqim
GE Digital is a subsidiary of General Electric, the quintessential American multinational corporate conglomerate with operations in more countries than the United Nations.
But far from being just one of its parent company’s dozen or so subsidiaries, GE Digital is something of a shooting star, outperforming many other subsidiaries to the point where it is informing, if not transforming, the entire culture and ethos of the company.
Funding from iNovia Capital, Caterpillar Ventures, GE Ventures and previous investors will expand new Otto Motors division
Clearpath Robotics, a leading provider of self-driving vehicle solutions, announced today the completion of a $30 million investment led by iNovia Capital with participation from Caterpillar Ventures, GE Ventures, Eclipse Ventures, RRE Ventures and Silicon Valley Bank.
Clearpath will use the funding to grow the company’s industrial division, Otto Motors. Clearpath launched Otto Motors in 2015 to focus on self-driving vehicles for material transport inside manufacturing and warehouse operations.
Matt Rendall, CEO and co-founder of Clearpath, says: “Factories operate like small indoor cities, complete with roads, traffic, intersections and pedestrians.
Sarcos Robotics says its Guardian exoskeleton (pictured) will be capable of lifting hundreds of pounds when it is commercially available
Sarcos Robotics, a developer of dexterous industrial robots for use in unstructured environments, has secured $10.5 million in funding from a group of top-tier strategic investors including Caterpillar Ventures, GE Ventures, and Microsoft.
Additionally, Cottonwood Technology Fund and two other private investment firms, together with the company’s three co-founders, Ben Wolff, Dr Fraser Smith and Dr Marc Olivier, invested in the financing round.
General Electric and Oracle have formed a strategic partnership focused on building what the companies claim will be a “first of its kind platform” for companies to “digitally connect every industrial asset in the world”.
General Electric has launched two new high-tech component production lines at the GE Oil & Gas plant in Talamona, Italy.
A new nozzle production line is the first completely automated line for GE Oil & Gas, and a new additive manufacturing line will use laser technology to 3D print burners for gas turbine combustion chambers.
These new advanced manufacturing lines establishes this site as a centre of excellence for the oil and gas industry.
GE has invested $73 million in the facility to date and will invest another $327 million across the GE Power Greenville campus over the next several years to drive innovation and the faster development of best-in-class technologies that deliver more value for customers across the globe. At least 80 engineering and manufacturing jobs are being created with the facility’s opening. Continue reading General Electric invests $400m in first advanced manufacturing plants
A fleet of Otto self-driving vehicles will automate just-in-time parts delivery within Milwaukee facility
Clearpath, the developer of Otto – a self-driving vehicle designed for material transport, has been selected to automate just-in-time parts delivery in a GE Healthcare repair facility being expanded near Milwaukee, Wisconsin.