Day: July 7, 2016
-
Honeywell to buy Intelligrated
Honeywell has signed an agreement to acquire privately held, supply chain and warehouse automation provider Intelligrated for $1.5 billion from a company backed by the Permira funds. The purchase price translates to approximately 12 times Intelligrated’s estimated 2016 earnings before interest, taxes, depreciation and amortization. The company’s 2016 sales are estimated to be approximately $900 million.…
-
Diamonds are a tool’s best friend, says Daimler
Daimler is planning to invest in bling bling – especially ice, because it believes diamonds are a tool’s best friend Daimler-Benz, which also owns the Mercedes marque, is backing a new generation of engineering tools coated with diamonds because it says “innovative high-performance tools are of great economic importance”. The company has awarded its annual Bertha Benz Prize…
-
Large Kuka shareholder Voith sells stake to Midea
One of Kuka’s biggest shareholders has sold its stake in the robot-maker ahead of a possible takeover by Midea, the Chinese manufacturer of household appliances. Midea has offered to buy the whole of Kuka for $5 billion, and already owns a significant share in the German company. Now, a large, family-owned company called Voith is to…
-
GateHouse Logistics joins Industrial Data Space
Supply chain data unifier joins association of business leaders to identify, analyze and evaluate best practice requirements for open Industry 4.0 ecosystems across all industrial sectors Data tracking unifier GateHouse Logistics today announces that it has become a member of the Industrial Data Space (IDS) user association to participate in the development of reference architecture for…