Tag: fortune

  • Sole Source Capital acquires Peak-Ryzex and Optical Phusion

    Sole Source Capital acquires Peak-Ryzex and Optical Phusion

    Sole Source Capital, an industrial-focused private equity firm, has acquired Peak-Ryzex from Keystone Capital and Optical Phusion from its founders, two leading providers of automatic identification, data capture and factory automation solutions. The companies will be merged and led by Peak-Ryzex CEO Juliann Larimer, CFO Michele Adams and Optical Phusion president Tony Rivers. Terms of…

  • Boeing ‘abandons’ robots in favour of humans

    Boeing ‘abandons’ robots in favour of humans

    Boeing has reportedly abandoned the use of some robotic systems that were being used for fuselage work such as drilling and fastening. According to the Seattle Times, the implementation of the robots “proved painful to set up and (was) error-prone”. The news website quoted Jason Clark, Boeing vice president of 777/777X operations, who said back…