acquisition

Total strengthens presence in industrial lubricants with new acquisitions

Total Lubrifiants has strengthened its presence in the industrial lubricants market with the acquisition of a number of business units from Houghton International.

Total has acquired the aluminum hot rolling oil, steel cold rolling oil and tinplate rolling oil activities in the North American and European Economic Area markets from Houghton.

The transaction includes the associated technical support services in both regions. [Read more…] about Total strengthens presence in industrial lubricants with new acquisitions

Hanwha Aerospace acquires US aircraft engine component manufacturer

Hanwha Aerospace has signed a deal to fully acquire EDAC Technologies, an American aircraft engine component manufacturer. The deal is expected to be worth around USD 300 million, which will be finalised once negotiations are completed.

The Korean company made a preliminary bid for EDAC Technologies in April of 2019 and entered a period of due diligence before making a final offer.

EDAC Technologies is an aircraft engine component manufacturer based in Connecticut, with a workforce of 590 people. It recorded USD 150 million in revenue in 2018.

Mitsubishi Electric to acquire US software company Iconics

Mitsubishi Electric Corporation is to acquire the remaining shares of Iconics, Inc., a U.S. software company focused on SCADA, IoT, mobile, analytics and cloud software products for the manufacturing, industrial and building-automation markets.

The acquisition makes the company a 100% subsidiary within the Mitsubishi Electric Group.

Mitsubishi Electric aims to enhance its software product lineup to realise e-F@ctory, including edge-computing, by combining Iconics’ software-developing capabilities and Mitsubishi Electric’s factory-automation technology.

e-F@ctory is an integrated solution based on factory automation (FA) and information technologies to reduce the total cost of developing, producing and maintaining products.

Intel acquires Omnitek to strengthen FPGA video and vision offering

Intel Corporation has announced the acquisition of Omnitek, a leading provider of optimised video and vision FPGA IP solutions.

Omnitek’s technology enables customised high-performance vision and artificial intelligence (AI) inferencing capabilities on FPGAs in areas such as video conferencing, projection and display, medical vision systems, and more.

Based in Basingstoke, UK, Omnitek was founded in 1998 and has developed over 220 FPGA IP cores and accompanying software including performance-leading solutions for WARP, ISP processing and video connectivity.

[Read more…]

Hitachi to acquire robotic systems integrator JR Automation for $1.4 billion

Hitachi has entered into a definitive contract for the acquisition of the robotic system integrator business mainly operated by an American headquartered company, JR Automation.

Hitachi will conduct the acquisition with Crestview Partners.

Subject to the terms and conditions of the contract, Hitachi will acquire JR Automation, which builds production lines and logistics systems using industrial robots. [Read more…] about Hitachi to acquire robotic systems integrator JR Automation for $1.4 billion

HMS Industrial Networks acquires Beck IPC

HMS Industrial Networks has acquired all shares in the German company Beck IPC located in Wetzlar, Germany.

Beck is a provider of technology and solutions for embedded control and industrial M2M communication, including solutions for the Industrial Internet of Things, IIoT.

The base technology IPC Chip is the core of Beck IPC’s product offering for industrial original equipment manufacturers. [Read more…] about HMS Industrial Networks acquires Beck IPC

BASF completes $9 billion acquisition of businesses and assets from Bayer

BASF has completed the acquisition of numerous businesses and assets from Bayer in a deal worth almost $9 billion.

BASF says it has purchased “a range of businesses and assets from Bayer”, including crop protection systems, and some digital assets.

The deal also enables BASF to enter new markets such as seeds, non-selective herbicides, and nematicide seed treatments. [Read more…] about BASF completes $9 billion acquisition of businesses and assets from Bayer

Magna to acquire Olsa for $280 million to expand automotive lighting business

Components and systems supplier Magna us to acquire Olsa in order to expand its automotive lighting business.

The company says that automakers will soon have a familiar name to source lighting products “on a global scale” – Magna International.

Magna’s acquisition of Olsa will enable it to grow the company’s lighting capabilities and allow it to design, engineer and manufacture headlamps, tail lamps and other lighting products in every key region of the world. [Read more…] about Magna to acquire Olsa for $280 million to expand automotive lighting business

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. [Read more…] about 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. [Read more…] about Emerson to acquire Paradigm for $510 million