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20 April, 2018

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In Brief

01 July, 2004

Phoenix Contact has taken a 13% stake in the Swedish industrial communications specialist, connectBlue. They will develop products jointly for automation and interface applications using Bluetooth and other wireless technologies. The two companies have already collaborated on projects including one to simplify the integration of moving machine parts into automation networks..

• The North American and Western European market for industrial and rugged PCs will grow at 4.4% between 2003 and 2006, according to a new report from Venture Development Corporation. The biggest market is in defence and aerospace, which will be worth $735m by 2006, followed by industrial automation ($537m).

Toshiba is transferring most of its high-capacity power module business - including development, design, manufacturing and marketing - to Mitsubishi Electric. The deal, which is due to be concluded by 1st October, will enable Mitsubishi to strengthen its power module business, which focuses on IGBTs for inverters.

Siemens president and chief executive Heinrich von Pierer will probably be succeeded by Klaus Kleinfeld, currently in charge of Siemens I&C. Von Pierer will become chairman of Siemens` supervisory board, replacing Karl-Hermann Baumann, who is retiring. Shareholders will vote on the proposed changes next January.

• The Eaton Corporation is buying the hydraulic tube and fittings manufacturer Walterscheid Rohrverbindungstechnik from GKN for $48m. Walterscheid, based near Cologne, had sales worth $52m last year.




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