Day: July 7, 2016
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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.…
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German robots win football competition
A well-trained team of robots from Germany has won the robot equivalent of the World Cup. The event, officially called the Stanford Platform competition, pits teams of five Nao robots – originally developed by Aldebaran – against each other in a knockout tournament. And as with many human World Cups, the robot tournament was won…
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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…
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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…
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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…
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Protecting humans from robots in the workplace
In advance of the Next-Generation Collabrative Robots & Automation Technologies 2016 conference (August 17-18, Detroit MI), we spoke to Matt Epperson, compliance safety and health officer, Department of Labour, Occupational Safety and Health Administration With the industry now witnessing an influx of next-generation collaborative robotics and automation technologies, how important is it for the automotive…