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New ABB study on industrial transformation unveils ‘critical relationship between digitalization and sustainability’

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ABB has released the findings of a new global study of international business and technology leaders on industrial transformation, looking at the “critical intersection of digitalization and sustainability”.

The study, Billions of better decisions: industrial transformation’s new imperative, examines the current take-up of the Industrial Internet of Things and its potential for improving energy efficiency, lowering greenhouse gas emissions and driving change.

The goal of the new ABB research is to spur discussion within industry regarding opportunities to leverage the Industrial IoT and empower companies and workers to make better decisions that can benefit both sustainability and the bottom line. [Read more…] about New ABB study on industrial transformation unveils ‘critical relationship between digitalization and sustainability’

LeddarTech raises $140 million to develop autonomous driving technology

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LeddarTech has raised investment of $140 million, which comprises a Series D first close of $116 million and debt facility of $24 million.

LeddarTech is a developer of advanced driver assistance systems (ADAS) and autonomous driving sensing technology.

FS Investors led the financing round with the participation of Investissement Québec, BDC Capital, Go Capital, certain funds managed by Fidelity Investments Canada ULC, Fonds de solidarité FTQ, Export Development Canada, ams Osram, Desjardins Capital, UI Investissement, Cowen Investment II LLC and other LeddarTech management. [Read more…] about LeddarTech raises $140 million to develop autonomous driving technology

BlueBotics acquired by Zapi Group

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BlueBotics, a developer of navigation systems for automated guided vehicles and autonomous mobile robots, has been acquired by Zapi Group.

Zapi is a global provider of electrification and manufacturer of electronic speed controllers, electric motors, battery chargers, and associated products for electric and hybrid vehicles.

Zapi’s acquisition includes the shares held by investor Forestay Capital. The transaction was closed on December 21, 2021, but no financial details have yet been disclosed. [Read more…] about BlueBotics acquired by Zapi Group

Epson signs Heitek Automation as distributor in western US

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Epson Robots has signed Heitek Automation, a distributor of automation products and solutions, as an official distributor of Epson Robots automation solutions.

Heitek caters to a range of customers in the medical machine building, automotive, semi-conductor, packaging, industrial laundry, food and beverage, printing, and machine integration industries in Arizona, Colorado, Nevada, New Mexico, and Utah.

With an uptick of automation across the Western region, Epson’s partnership brings exceptional value and easy-to-integrate solutions to meet the automation needs of Heitek’s customers. [Read more…] about Epson signs Heitek Automation as distributor in western US

MiR autonomous mobile robot sales increase by 42 percent in 2021

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Mobile Industrial Robots, a manufacturer of autonomous mobile robots, says it experienced a 42 percent increase in sales in 2021 compared with 2020.

December alone was a “record month” for the company, with close to 300 robots shipped, which is more than any previous month.

Søren Nielsen, president of MiR, says: “We grew significantly in 2021 despite component shortages as customers recognize the value of our safe, reliable and easy-to-deploy AMRs. [Read more…] about MiR autonomous mobile robot sales increase by 42 percent in 2021

Vecna Robotics raises $65 million in Series C funding

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Vecna Robotics, a provider of robotic material handling automation, has raised $65 million in its Series C funding round led by Tiger Global Management, along with additional funding from new investors Lineage Logistics, Proficio Capital Partners, and Impulse.

The new financing will help fund the company’s technology roadmap with new autonomous mobile robots (AMR) and software, and will accelerate fulfillment of new orders and expanded operations to address the $165 billion market opportunity for pallet-moving autonomy.

Craig Malloy, CEO of Vecna Robotics, says: “There is huge headroom for growth in automated material handling with over 5 billion pallets in the world being moved by more than 5 million forklifts and nearly 5 million manual operators. [Read more…] about Vecna Robotics raises $65 million in Series C funding

Arsenal Capital Partners acquires automation solutions provider Eckhart from LFM Capital

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Arsenal Capital Partners, a private equity firm that specializes in investments in industrial growth and healthcare companies, has acquired automation solutions provider Eckhart from LFM Capital.

Financial terms of the transaction were not disclosed.

Eckhart’s advanced engineering, design, simulation, and integration services, along with proprietary tooling and other automation and robotics systems, support customers at critical points in the automation value chain. [Read more…] about Arsenal Capital Partners acquires automation solutions provider Eckhart from LFM Capital

Three opportunities to implement new fleet management innovations

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Like the automotive retail market, giant strides are being made in the fleet management industry.

Electrification has been introduced for long haul trucks and integration has radically altered what maintenance and refueling looks like.

5G technology has supplanted slower satellite and 3G data transmission for more accurate tracking, routing, and vehicle diagnostics. Dash cams have improved driver safety by preventing instances of distracted driving. [Read more…] about Three opportunities to implement new fleet management innovations

Caja Robotics and Bastian Solutions to build mobile goods to person solutions in America

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Caja Robotics, a provider of robotic and flexible goods-to-person solutions for order fulfillment, says it will be working closely with Bastian Solutions, a Toyota Advanced Logistics company, to integrate Caja robotic systems in the USA.

The two companies will leverage each other’s capabilities and leadership positions in the material handling space to serve a range of projects and customer sites.

Matt Kuper, vice president of global sales and applications at Bastian Solutions, says: “We are excited to collaborate with Caja Robotics and add their flexible and modular robots to our solutions roster. [Read more…] about Caja Robotics and Bastian Solutions to build mobile goods to person solutions in America

Kivnon’s AGV ROI Calculation Starts on Product Delivery Date

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By Mike Kotzian, managing director, Kivnon USA

Modex 2022 in Atlanta March 28-31 will feature many AGV vendors who cannot deliver product this year. Too much emphasis has been placed on features, advantages, and benefits; too little attention has been paid to delivery dates.

AGV vendors must promise a delivery date with a guarantee not to exceed 180 days from purchase order to delivery. Failing to provide that commitment is unacceptable.

Solving the immediate challenges in production by delivering product by Q3 2022 and mitigating the hiring constraints plaguing industries must be the top priorities. The current state of the supply chain has exacerbated the situation. [Read more…] about Kivnon’s AGV ROI Calculation Starts on Product Delivery Date