acquisition

ZF completes acquisition of US truck tech supplier Wabco

June 12, 2020 by Sam Francis Leave a Comment

ZF Friedrichshafen has completed the acquisition of American commercial vehicle technology supplier Wabco, having gained approval from all required regulatory authorities.

Wabco shares, previously listed on the New York Stock Exchange, have now ceased public trading.

Signalling the start of Wabco’s integration into ZF, the acquisition “unites two industry leaders” behind a shared vision to create a customer-focused powerhouse to advance commercial vehicle technology, says the company. [Read more…] about ZF completes acquisition of US truck tech supplier Wabco

Dematic’s parent company Kion acquires another logistics automation company

June 9, 2020 by David Edwards Leave a Comment

Intralogistics technology provider Dematic says that its parent company, Kion Group, has completed the acquisition of Digital Applications International, a UK-based software company specializing in logistics automation solutions, on its behalf.

Valued at around €120 million, the transaction is Kion’s largest investment since acquiring Dematic in 2016.

The addition of DAI significantly expands Dematic’s intralogistics software offerings to support the movement, storage and distribution of goods through the entire supply chain. [Read more…] about Dematic’s parent company Kion acquires another logistics automation company

Hitachi Automotive Systems acquires German automotive device software developer seneos

April 20, 2020 by Mai Tao Leave a Comment

Hitachi Automotive Systems has completed the acquisition of all shares in seneos.

Through this transaction, seneos, a German automotive device software developer, became a wholly owned subsidiary of Hitachi Automotive Systems.

Hitachi Automotive Systems supplies products and systems in growth areas such as electrification and is expanding its customer base of European automakers, growing sales of new products and solutions. [Read more…] about Hitachi Automotive Systems acquires German automotive device software developer seneos

TTTech Auto acquires automotive software company Red Pine

January 7, 2020 by David Edwards Leave a Comment

TTTech Auto, a developer of safety software platforms for automated driving, has acquired Red Pine Software.

TTTech Auto says it is continuing its growth strategy with this acquisition and increases its software development capacities for Advanced Driver Assistance Systems (ADAS) and Automated Driving (AD) series development projects featuring its flagship product MotionWise.

Red Pine and its 60 employees are experts in automotive embedded software engineering with a focus on ADAS. The acquisition became effective as of January 1, 2020. [Read more…] about TTTech Auto acquires automotive software company Red Pine

Piab Group claims to be ‘global leader in ergonomic handling solutions’ after TAWI acquisition

January 2, 2020 by Sam Francis Leave a Comment

Piab Group now claims to be the “global leader in ergonomic handling solutions” after its acquisition of the TAWI Group.

Piab Group entered into the agreement to acquire TAWI Group recently. TAWI is a manufacturer of smart lifting solutions with global reach.

Total 2019 sales for TAWI is expected to reach 340 million Swedish krona, which is about $36 million. [Read more…] about Piab Group claims to be ‘global leader in ergonomic handling solutions’ after TAWI acquisition

Nidec completes acquisition of Roboteq

December 9, 2019 by Mai Tao Leave a Comment

Nidec, believed to be the world’s leading supplier of components for industrial robots, has completed the acquisition of 90 per cent ownership of Roboteq, a US-based designer of ultra-low voltage drives.

As a result of the transaction, Roboteq became a consolidated subsidiary of Nidec.

Nidec says the acquisition strengthens its presence in some key future growth drivers, including robotization. Nidec says it is aiming to become a global leader in these markets. [Read more…] about Nidec completes acquisition of Roboteq

Teradyne completes acquisition of AutoGuide Mobile Robots

December 9, 2019 by David Edwards Leave a Comment

Teradyne has completed the acquisition of AutoGuide Mobile Robots, a leading supplier of high payload autonomous mobile robots (AMRs).

AutoGuide’s advanced products deliver easy deployment, improved safety, reduced costs and increased efficiency of industrial and warehouse material-handling operations.

Mark Jagiela, president and CEO of Teradyne, says: “AutoGuide’s safe, high-payload AMRs for the global forklift market provide a powerful, additional growth engine to Teradyne’s Industrial Automation group. [Read more…] about Teradyne completes acquisition of AutoGuide Mobile Robots

Total strengthens presence in industrial lubricants with new acquisitions

August 2, 2019 by David Edwards

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

July 8, 2019 by Anna

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

May 21, 2019 by Anna

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.