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transformation

ThyssenKrupp sells its elevator business for more than $17 billion

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Giant industrial conglomerate ThyssenKrupp says it has successfully completed the sale of its elevator business, marking a further important milestone in the transformation of the company.

The transaction closed after all the responsible authorities had approved the sale to a bidding consortium led by Advent International and Cinven.

ThyssenKrupp had reached an agreement with the consortium on the purchase of the elevator business earlier this year. With the closing, the company has received the contractually agreed purchase price, which was reported to be $17.2 billion. [Read more…] about ThyssenKrupp sells its elevator business for more than $17 billion

Opinion: ‘Scale’ is the magic word for digital transformation in 2020

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By Keith Higgins, vice president of digital transformation for Rockwell Automation

In 2019, we saw a 400 percent growth in digital transformation projects moving through the post-implementation stage, according to a recent study by Rockwell Automation.

The maturation of digitization projects will continue throughout 2020, and with this trend, the industry will evolve from exploring the primary benefits of data-driven solutions to understanding how these projects can be used as a resource to help scale smart factory initiatives.

Digital transformation has reached its inflection point. As organizations move their initiatives from project roll-out to continuous process improvement in 2020, scaling becomes a key topic of conversation. [Read more…] about Opinion: ‘Scale’ is the magic word for digital transformation in 2020

Scania teams up with Combient network to tap into ‘huge potential’ of automation and AI

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Scania says its partnership with the Combient Foundry is intended to tap into the “huge potential” of automation and artificial intelligence in the transportation industry.

The Combient network, which Scania is part of, is a cross-Nordic industry collaboration that aims to accelerate transformation in areas like automation, artificial intelligence, analytics and open innovation.

A part of Combient is the Foundry which connects startups with Nordic industry leaders, enabling the co-creation of new services and solutions. [Read more…] about Scania teams up with Combient network to tap into ‘huge potential’ of automation and AI

Senseye extends automotive footprint with new US installations

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Senseye, the industrial software company, is rolling out its suite of technologies and methodologies in automotive manufacturing facilities in the US.

Senseye’s technology suite, Senseye PdM, is used by global automotive manufacturers to monitor the condition of machinery in real time.

It spots emerging problems with monitored assets and identifies when they are most likely to fail by using machine learning algorithms to analyse data relating to key condition indicators such as vibration, pressure, temperature and torque levels. [Read more…] about Senseye extends automotive footprint with new US installations

Global industry ‘in midst of major change’ because of ‘megatrends’

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Hannover Messe 2020 will coincide with a period of rapid technological change and political and economic uncertainty, according to its organisers.

Sporting its 2020-season lead theme of “Industrial Transformation” and featuring some 6,000 exhibitors, the world’s top trade show for industrial technology will shine a light on the opportunities arising from new technologies, changing buyer behavior and a growing awareness of climate protection.

Experts at Deutsche Messe, one of the world’s largest industrial trade show companies and the owner of Hannover Messe, the global industrial sector is “in the midst of a period of major change”, driven primarily by the “megatrends” of digitization, individualization and climate protection.

At the same time, it is grappling with some very challenging economic and political fundamentals.

Dr Jochen Köckler, chairman of Deutsche Messe, says: “The world is embarking on a period of change, the likes of which we haven’t seen for a long time. [Read more…] about Global industry ‘in midst of major change’ because of ‘megatrends’

Volkswagen has already built 200 pre-production vehicles of its new electric car ID.3

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Volkswagen has already built 200 pre-production vehicles of the new electric car ID.3, although none are for sale yet.

The initiative involved the conversion of VW’s vehicle factory in Zwickau, which the company says will eventually be “the largest facility for electric mobility in Europe”.

The members of Volkswagen’s group and brand boards of management, as well as the group works council, were able to see that for themselves at today’s site symposium for all three locations in Saxony held at Zwickau. [Read more…] about Volkswagen has already built 200 pre-production vehicles of its new electric car ID.3

Seat and Grupo Sesé launch a parts delivery service using drones

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The Seat factory in Martorell is the first Spanish plant to receive components via drone delivery. In collaboration with Grupo Sesé, the Spanish carmaker has a pioneering service connecting Sesé’s logistics centre in Abrera with the Seat factory using drones.

The first parts delivery service between two production plants in Spain by drone will deliver steering wheels and airbags to the Seat assembly lines.

The pilot project is being carried out under the supervision of the Spanish Aviation Safety and Security Agency (AESA) and will go forward in an experimental phase with several flights per day.

[Read more…] about Seat and Grupo Sesé launch a parts delivery service using drones

Volkswagen agrees digital transformation roadmap

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Volkswagen will be investing up to €4 billion in digitisation projects up until 2023 – mainly in administration but also in production. At least 2,000 new jobs related to digitisation are to be created.

This has been agreed by the Board of Management and the General Works Council in their “digital transformation roadmap”.

Agile working methods, improved processes and digitisation are to reduce the burden on employees and speed up processes. Tasks that used to be performed manually are to be simplified through improved IT.

[Read more…] about Volkswagen agrees digital transformation roadmap

Volkswagen to invest €1 billion in new battery cell production facility

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Volkswagen is planning to move into the battery cell manufacturing market with an investment of €1 billion in a new production facility in Europe.

The automotive giant will set up the battery cell production facility in the Lower Saxony region of its native Germany.

The company is working with the local government to choose a suitable location for the factory complex, and is likely to partner with businesses from relevant sectors.

[Read more…] about Volkswagen to invest €1 billion in new battery cell production facility

Oceaneering selected to ‘digitally’ transform Pacific Drilling’s global fleet

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Oceaneering International, Inc., and Pacific Drilling have entered into a five-year Digital Services Package agreement to provide Pacific’s customers with better reliability and improved throughput enabling streaming video and real-time data.

This will allow the provision of emerging services such as remote ROV piloting, surveying, and automation aboard Pacific Drilling’s high-specification drillship fleet.

As a result of these efforts, Pacific Drilling’s customers can benefit from higher security, increased access and management of third parties as well as new and expanded digital services.

[Read more…] about Oceaneering selected to ‘digitally’ transform Pacific Drilling’s global fleet

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