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TTTech Auto acquires automotive software company Red Pine

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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

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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

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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

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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

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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

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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.

[Read more…] about Hanwha Aerospace acquires US aircraft engine component manufacturer

Mitsubishi Electric to acquire US software company Iconics

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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.

[Read more…] about Mitsubishi Electric to acquire US software company Iconics

Intel acquires Omnitek to strengthen FPGA video and vision offering

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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…] about Intel acquires Omnitek to strengthen FPGA video and vision offering

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

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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

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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