Robotics & Automation News

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merger

Cognicept Systems merges with Kabam Robotics

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Singapore start-up Cognicept Systems has merged with Kabam Robotics, a division under precision engineering solutions provider, PATEC Group.

Cognicept’s deep technical expertise in robotics technologies and Kabam’s expertise in machine design, precision manufacturing, international supply chains, and deep access to global commercial channels have now been combined to provide world leading robotics solutions for applications such as facilities management, delivery, and surveillance/security.

This merger combines our strengths and opens many doors for everyone involved. [Read more…] about Cognicept Systems merges with Kabam Robotics

$50 billion merger of leading automakers creates global behemoth

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Leading automakers Fiat Chrysler Automobiles and Groupe PSA have agreed a $50 billion merger, creating the biggest automaker in Europe and the fourth-largest in the world in the process.

Completion of the proposed merger is expected to take place in 12-15 months, subject to regulatory requirements and approval by both companies’ shareholders.

Carlos Tavares, chairman of the managing board of Groupe PSA, says: “Our merger is a huge opportunity to take a stronger position in the auto industry as we seek to master the transition to a world of clean, safe and sustainable mobility and to provide our customers with world-class products, technology and services. [Read more…] about $50 billion merger of leading automakers creates global behemoth

Raytheon and United Technologies aerospace businesses to merge

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Raytheon Company and United Technologies have entered into an agreement to combine in an all-stock merger of equals.

The transaction will create a premier systems provider with advanced technologies to address rapidly growing segments within aerospace and defence.

The merger of Raytheon, a leading defence company, and United Technologies, a leading aerospace company, comprised of Collins Aerospace and Pratt & Whitney, will offer a complementary portfolio of platform-agnostic aerospace and defence technologies.

[Read more…] about Raytheon and United Technologies aerospace businesses to merge