Market trends and business perspectives
Uber Technologies has completed the acquisition of delivery robot startup Postmates in an all-stock transaction.
The two companies have begun the process of integrating US operations.
The transaction brings together Uber’s global Mobility and Delivery platform with Postmates’ business in the US to strengthen the delivery of food, groceries, essentials, and other goods. [Read more…] about Uber completes acquisition of delivery robot startup Postmates
Hyundai Motor Group has agreed to acquire approximately 80 percent stake in American engineering and robotics design company Boston Dynamics from SoftBank Group for $1.1bn.
The move can fuel Hyundai’s long-term goal to become a smart mobility solutions provider by leveraging Boston Dynamics’ robots such as bipedal and quadruped equipped with 3D vision, navigation and advanced intelligence, says data and analytics company GlobalData.
Venkata Naveen, senior disruptive tech analyst at GlobalData, says: “Hyundai’s move to acquire major stake in Boston Dynamics polarizes with many automakers competing to add their name to the me-too stack of autonomous carmakers by purchasing self-driving tech startups. [Read more…] about Hyundai’s acquisition of Boston Dynamics can reinforce its position in smart mobility, says GlobalData
Computer-aided design specialist PTC has signed a definitive agreement to acquire Arena Solutions, a software as a service (SaaS) product lifecycle management (PLM) platform provider.
The acquisition will further PTC’s strategy to be the leader in the rapidly-growing market for SaaS-based product development software, enabling the company to deliver a complete CAD + PLM SaaS solution.
Under the terms of the agreement, PTC will acquire Arena Solutions for $715 million in cash. Subject to customary closing conditions and completion of regulatory review, the acquisition is expected to be completed in PTC’s fiscal Q2 2021. [Read more…] about PTC to acquire product lifecycle management provider Arena Solutions
Nvidia and SoftBank Group have reached a definitive agreement under which Nvidia will acquire Arm Limited from SBG and the SoftBank Vision Fund (together, “SoftBank”) in a transaction valued at $40 billion.
The transaction is expected to be immediately accretive to Nvidia’s non-GAAP gross margin and non-GAAP earnings per share.
The combination brings together Nvidia’s leading AI computing platform with Arm’s vast ecosystem to create the premier computing company for the age of artificial intelligence, accelerating innovation while expanding into large, high-growth markets. [Read more…] about Nvidia to acquire Arm for $40 billion
Dover Corporation, diversified global manufacturer and solutions provider with annual revenue of approximately $7 billion, has completed the acquisition of XanTec.
XanTec Steuerungs und EDV-Technik is a developer and supplier of automation and control solutions for industrial machinery of all types with particular focus on plastic and polymer processing machines across the globe.
XanTec now becomes part of the Maag Group, a global provider of integrated and customizable process technology solutions for the polymer, chemical, petrochemical, pharmaceutical and food industries within Dover’s Pumps & Process Solutions segment. [Read more…] about Dover acquires industrial automation company XanTec
The rapid advances in technology since the turn of the 21st century, have yielded countless applications; especially in the industrial and manufacturing sector.
Industrial automation involves the use of control systems such as computers or automated systems such as robots to simplify different processes in an industrial manufacturing sector.
In earlier days, the purpose of automation was improving the overall productivity, be it manufacturing of labor management. [Read more…] about Industrial Automation Market: Rapid Advances Result in ‘Countless Applications’
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
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 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, 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
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