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Sole Source Capital portfolio company Supply Chain Services acquires ISG Technologies

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Sole Source Capital, an industrial-focused private equity firm, says its portfolio company Supply Chain Services, a provider of automatic identification and data capture and factory automation solutions to customers across North America, has acquired ISG Technologies.

The acquisition of ISG Technologies adds to Supply Chain Service’s product line and expands its geographic reach into Texas.

This is the fourth add-on transaction supported by Sole Source Capital, following the purchases of Dasco Label, Miles Data and Coridian since Supply Chain Services was acquired in May 2020. Terms of the ISG Technologies transaction were not disclosed. [Read more…] about Sole Source Capital portfolio company Supply Chain Services acquires ISG Technologies

Smart products and factories transforming engineering services industry

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The rapid growth of smart products and smart factories is transforming the engineering services industry as never before, and providers are responding by digitalizing virtually every facet of their services portfolio, according to a new study from Information Services Group, a global technology research and advisory firm.

The latest ISG Provider Lens Quadrant report, the first ever by ISG to evaluate engineering services providers serving the US market, notes providers are moving to address the digital elements of core engineering functions – from concept and physical product development, to optimization of industrial design and operations, to software product and applications software development.

Esteban Herrera, partner and global head of ISG Research, says: “Transforming from a traditional to an agile business environment is key.  [Read more…] about Smart products and factories transforming engineering services industry

ZF opens new technology centre in India

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zf india

ZF Friedrichshafen has opened a new €15 million technology centre in India which the company says reinforces the company’s global research and development network.

†he inauguration of the facility, located in Hyderabad, was attended by KT Rama Rao, India’s Minister for IT of the Telangana Government.

The ZF India Technology Center will focus on developing advanced electronics and software solutions for automotive and industrial applications.

As well as strengthening its global research and development network, ZF says it will expand local product development in India.  [Read more…] about ZF opens new technology centre in India

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