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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

$700 billion spent on mergers and acquisitions in industrial sector

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Almost $700 billion was spent on mergers and acquisitions in industrial sector last year, according to a study.

Research from global management consultancy A.T. Kearney has found that the total value of deals in the industrials market has risen to $680 billion in 2018, an increase from $662 billion the year before.

A.T. Kearney’s Industrials M&A Report 2019 analysed over 76,000 global transactions between 2009 and 2018 and found that the trend towards so-called ‘megadeals’ is set to continue.

2018 alone saw more than 100 individual deals worth over $1 billion, and seven of those transactions topping the $10 billion mark – including significant deals such as United Technologies’ $30+ billion takeover of avionics supplier Rockwell Collins and the intra-UK $12.1bn deal between Melrose Industries and GKN. [Read more…] about $700 billion spent on mergers and acquisitions in industrial sector

Nidec to buy Omron’s automotive business for $890 million

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Industrial components giant Nidec has agreed to acquire Omron’s automotive business, formally called “Omron Automotive Electronics”.

The two companies do not appear to have released the financial details of the agreement, but Nikkei is reporting that Nidec will pay $890 million for the company.

The share transfer will be executed after obtaining necessary approval and satisfying other conditions. It is projected to occur by the end of October.  [Read more…] about Nidec to buy Omron’s automotive business for $890 million

Doosan Robotics signs up RG Group as first US distributor and integrator

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RG Group has become the first US company to agree on a distribution and integration partnership for Doosan’s collaborative robots.

Doosan Robotics says its collaborative robots can be useful in different industries and processes ranging from assembly and inspection to gluing and packaging.

The company claims to have “the world’s most diversified lineup of collaborative robots” which boast high-performance torque sensors and the industry-leading collision detection technology.  [Read more…] about Doosan Robotics signs up RG Group as first US distributor and integrator

Rewired launches $100 million robotics-focused venture studio and fund

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Investments will focus on applied science and technologies that advance machine perception and unlock the next-generation of smart robotics

Rewired has launched a robotics venture studio and fund. To start with, the company is investing $100 million in applied science and technologies that advance machine perception. 

Rewired says its initial proposition is that improving machine perception will unlock the next generation of smart robotics.

To that end, the company is focusing on the sensors, software, and systems that help autonomous machines to interact with unpredictable environments and collaborate with humans.  [Read more…] about Rewired launches $100 million robotics-focused venture studio and fund

Global agriculture robots market driven by ‘high population growth and food shortages’

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The global market for agricultural robots is forecast to exceed $5 billion by 2024, according to a report. 

The Global Agriculture Robots Market Report, published by Variant Market Research, predicts the global market will reach $5,214 million by 2024 from $968 million in 2016 – growing at an annual rate of 23.4 per cent from 2016 to 2024.

By geography, Asia Pacific and rest of the world are expected to grow at 24.7 per cent and 24.1 per cent respectively, during the forecast period.  [Read more…] about Global agriculture robots market driven by ‘high population growth and food shortages’

ABB’s YuMi collaborative robot rings opening bell at Nasdaq stock market

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Collaborative robot YuMi was the – arguably oblivious – guest of Robo Global, creator of the world’s first robotics and automaton investor index series

ABB’s YuMi dual-arm, collaborative robot rang the opening bell today at the Nasdaq MarketSite Studio in Times Square in New York City to start the trading day.

YuMi was a guest of Robo Global, which offers The Robo Global Robotics and Automation Index Series, the world’s first benchmark index series to track the global robotics and automation market.

Greg Scheu, president of the Americas region for ABB, joined YuMi and Robo Global executives at the podium for the ceremony.  [Read more…] about ABB’s YuMi collaborative robot rings opening bell at Nasdaq stock market

Worldwide sales of Toyota hybrids surpass 10 million units

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toyota china motor show

In the footsteps of the iconic Prius that started it all, Toyota now sells 34 different hybrid models in more than 90 countries and regions across the globe

Toyota says it has reached cumulative global hybrid vehicle sales of 10.05 million units as of January 31, surpassing the 10 million unit mark.

More than a numerical milestone, Toyota says this demonstrates the staying power of a technology that is now emerging as a mainstream solution to reduce greenhouse gas emissions and other pollutants.

Helping to mitigate the environmental effects of automobiles has long been a priority for Toyota, claims the company in a statement.  [Read more…] about Worldwide sales of Toyota hybrids surpass 10 million units

Meinhardt partners with International Enterprise Singapore to expand into Africa and Middle East

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nairobi tower kenya crop

Despite headwinds in the global economy, internationalisation will continue to drive the growth of companies in the engineering consultancy sector as infrastructure demand remains strong globally.

Meinhardt Group, a global engineering, planning and management firm, is working closely with International Enterprise Singapore, the government agency partnering Singapore companies in going global, on its expansion strategy to Africa and the Middle East.

This includes the company’s recent acquisition of African engineering consultancy to gain in-roads into East Africa.  [Read more…] about Meinhardt partners with International Enterprise Singapore to expand into Africa and Middle East

IoT ‘transforming’ industrial robotics market, says report

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industrial robots

Sharmila Annaswamy, industrial automation and process control research analyst at Frost & Sullivan, provides an exclusive insight of the impact of industrial robots on manufacturing and how the IoT is changing everything 

During the last decade, the advent of robotics has phenomenally transformed the industrial sector in terms of manufacturing capability.

They are traditionally used to carry out tasks that are complex, repetitive or hazardous to enhance productivity, quality and reduce operational costs for the manufacturers.

However, the industrial robotics market is going through a phase of transformation driven by Industrial Internet of Things.

But the challenges in integrating and programming them restrain their widespread application across verticals. [Read more…] about IoT ‘transforming’ industrial robotics market, says report