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Loxo establishes German subsidiary to expand its autonomous driving business

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Loxo, a Swiss developer of autonomous driving solutions for logistics, has embarked on its first international expansion with the opening of a new subsidiary in Munich.

Founded in 2021 and headquartered in Bern, Switzerland, Loxo has rapidly established itself as a key player in the field of autonomous driving, with a focus on middle-mile delivery and mobile distribution hub logistics.

The expansion into Germany follows rapidly from Loxo’s successful rollout of Europe’s first Level 4 (L4) autonomous driving technology, which is operational on public roads in Bern, Switzerland, with autonomous driving routes spanning 65 kilometres (40 miles) within the city. [Read more…] about Loxo establishes German subsidiary to expand its autonomous driving business

Seegrid ends distribution agreements with Toyota subsidiary in favour of direct sales

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Seegrid, a manufacturer of autonomous mobile robot (AMR) solutions for palletized material handling, has decided to terminate its product and distribution agreements with Raymond Corporation, a division of Toyota, effective upon the conclusion of a ninety-day notice period.

Joe Pajer, CEO of Seegrid, says: “This move will allow us to sell and service the full Seegrid-branded product line across all market segments rather than serving a large portion of the market through Raymond.

“We are seeing more customers desire a direct relationship with Seegrid as we roll out our new lift truck products and release innovative technology enhancements across our product line.” [Read more…] about Seegrid ends distribution agreements with Toyota subsidiary in favour of direct sales

Krones Recycling spins off as an independent subsidiary company

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The demand for recycled plastics is increasing rapidly worldwide: consumer awareness is growing, companies are setting themselves ever more ambitious sustainability targets and recycling requirements from international governments are also increasing.

As a company with almost 30 years of experience in plastics processing and almost 25 years in the field of recycling, Krones has now taken the pioneering decision to pool its recycling expertise in the independent subsidiary Krones Re-cycling from July 2024.

Christoph Klenk, Krones CEO, says: “The spin-off will enable Krones Recycling to develop faster and in line with market requirements. [Read more…] about Krones Recycling spins off as an independent subsidiary company

Switzerland’s IAR Group establishes new subsidiary in Germany

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The IAR Group from Switzerland, which specializes in industrial automation systems, is expanding and founding a subsidiary in the greater Stuttgart area.

The main objective is to sell its self-developed automation modules for loading and unloading processes as well as automated special machines and robot cells on the German market. To this end, a sales and service team is to be established.

Sébastien Perroud, chairman and CEO of the Zofingen-based IAR Group, says: “I am very pleased about the newly founded subsidiary in the greater Stuttgart area – a milestone in the history of the IAR Group. IAR Deutschland will serve as an important base for us to sell our products and services in the German market.” [Read more…] about Switzerland’s IAR Group establishes new subsidiary in Germany

Bosch to acquire 12 percent of Husqvarna

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Bosch has agreed to acquire shares in the long-established Swedish company Husqvarna. The acquisition will increase its shareholding to roughly 12 percent in the company’s share capital in total. Numbers were not disclosed. 

Husqvarna is listed on Nasdaq Stockholm. In acquiring these shares today, Bosch intends to strengthen the battery alliance between the two companies.

Husqvarna also includes the Gardena subsidiary and its Flymo brand, both of which are also partners in the Bosch Power Tools division’s “Power for All Alliance”. [Read more…] about Bosch to acquire 12 percent of Husqvarna

JTEKT subsidiary Koyo acquires Canadian assets of KSR International

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Acquisition ‘strengthens JTEKT’s global ECU development capabilities’, says company

Koyo Canada, a subsidiary of automotive technology company JTEKT, has acquired the assets of a Halifax, Nova Scotia research and development facility previously owned by KSR International, a Canadian company.

The acquisition strengthens JTEKT global engine control unit (ECU) development for vehicle steering and driveline products, and will set the foundation for further expansion of its global electrification capabilities and plans.

The new KCI Halifax R&D facility allows JTEKT to more efficiently respond to the expanding demands of autonomous driving support, steer-by-wire and high voltage systems. [Read more…] about JTEKT subsidiary Koyo acquires Canadian assets of KSR International

North American Electric establishes new subsidiary NAE Automation

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North American Electric has established a new, wholly-owned subsidiary – NAE Automation.

The company says the new business will provide “complete automation solutions and engineering services”.

NAE Automation’s primary focus will be material handling equipment such as conveyors, automatic palletizers and strapping machines. [Read more…] about North American Electric establishes new subsidiary NAE Automation