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PTC to acquire product lifecycle management provider Arena Solutions

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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

ABB creates ‘intelligent’ football stadium for FK Austria

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ABB was appointed to transform Austria’s Generali Arena, originally built in 1925, into an intelligent, future-proofed venue that incorporates the latest in smart building technology and energy efficient power distribution.

This is also the first sustainable football venue in Austria. It was retrofitted in co-operation with the Austrian Sustainable Building Council, who helped with planning the design and implementation, which includes a photovoltaic system on the roof of the north stand.

The stadium’s entire electrification value chain – from medium-voltage distribution to each individual socket – has been raised to an advanced level.

[Read more…] about ABB creates ‘intelligent’ football stadium for FK Austria