Mitsubishi Electric and the chip-maker Intel have revealed that they have been collaborating to develop next-generation factory automation (FA) systems using Internet of Things (IoT) technologies. They have established a pilot plant in Malaysia to demonstrate the benefits of IoT in a factory setting, with a focus on improving productivity by using innovative functions such as predictive failure
The Italian gear-maker, the Motovario Group, has taken over the Spanish firm Pujol Muntalà, which designs, produces and distributes geared units and elements for power transmission.
IHS, the market analysis giant which bought the Globalspec Web portal for $135m in 2012, has relaunched the site as IHS Engineering360, describing it as “the world’s largest online destination for engineers”.
There are currently more than 160 suppliers of industrial cyber-security products, offering a variety of hardware, software and services, according to new research from IHS. It describes the market as “extremely immature” and predicts that there will be a shakeout. Although the market is likely to attract some new entrants, this will be largely offset by companies choosing to quit the business, and by acquisition-driven consolidation.
Global shipments of motion control products grew by 6.2% in the first half of 2014 to reach around $1.5bn, according to new figures released by the Motion Control Association (MCA).
New analysis of the recently revealed Dragonfly (Havex) malware suggests that it has been targeting packaged consumer goods industries – especially the pharmaceutical sector – rather than the energy sector as was previously believed.
UPDATED: Danfoss has launched a bid to buy the Finnish drives-maker Vacon in a cash deal offering €34 for each Vacon share and valuing the business at €1,038m. Danfoss says that the bid is in line with its strategic focus on creating profitable growth and that Vacon is a good match to achieve this ambition. Both Danfoss Power Electronics and Vacon are significant players in the AC drives business, it adds, and together they would gain an even stronger market position.
Rockwell Automation, the world’s largest company dedicated to industrial automation, and Fanuc, the world’s largest company in CNC and robots, have announced a global collaboration agreement aimed at achieving more seamless integrated manufacturing.
Members of the Fieldbus Foundation and the Hart Communication Foundation have voted to merge their organisations to form a new corporation, called FieldComm Group, dedicated to the needs of intelligent devices and their integration in automation.
A legal dispute between Rockwell Automation and Beckhoff Automation over linear motor patents has been settled “amicably”, with Rockwell granting Beckhoff licences to more than a dozen of its US and European linear motor patents.
The US manufacturing sector has rebounded sharply from its three-month low in July to hit its highest level since April 2010, according to the latest PMI (Purchasing Managers’ Index) survey, published by Markit.
SKF’s long-serving president and CEO, Tom Johnstone, is stepping down and will be succeeded by Alrik Danielson, who has been president and CEO of the Swedish metal powders producer Höganäs since 2005. Danielson worked at SKF from 1987 to 2005, and before he left was president of SKF’s Industrial Division and a member of its executive committee.
ABB is selling its Full Service contract maintenance business to Nordic Capital for an undisclosed amount. The business is claimed to be the European market-leader in industrial maintenance outsourcing services, with a particularly strong position in the Nordic region. ABB says that the operation has limited synergies with its core power and automation portfolio.
Global sales of IE3 high-efficiency electric motors and the equivalent Nema Premium machines will almost double to more than $8bn by 2018, according to a new forecast from the analyst, IHS. With many LV motor markets becoming increasingly regulated in favour of IE2 and IE3 motors, the decline of low-efficiency IE1 motors has begun “in earnest”, says the analyst.
Emerson Electric is planning to sell its mechanical power transmission business and could raise $1bn from the sale, according to a report from Reuters.