The US Department of Energy (DoE) has announced a new efficiency standard for electric motors that, it predicts, will save consumers nearly $16bn and reduce carbon emissions by 96 million tonnes in the period 2030. The new standard, which updates a 2010 version, will come into effect two years after it is published in the US Federal Register.
GE is buying the Canadian cyber-security specialist Wurldtech, for an undisclosed sum. The move is one of several by GE to help protect critical infrastructure and to advance cyber-security efforts globally for key industries.
Google is offering a $1m prize to encourage the development of smaller, more efficient inverters, principally for solar power applications.
In the latest of a series of reorganisations, Siemens is creating a flatter management structure by eliminating its Sector level (including the current Industry sector) and slimming down from 16 to nine divisions. The changes take effect from October 1, 2014.
Universal Robots, the Danish manufacturer of lightweight industrial robots, has moved to new headquarters, with the aim of boosting its turnover to one billion Danish kroner (€133m) by 2017 – a ten-fold increase over the figure for 2013.
ABB has launched a free service for users and servicers of its low-voltage AC variable-speed drives. It allows them to register their drives online or via a smartphone app. In return, ABB will offer recommendations about maintenance and upgrade services that will help to extend the lifetime of the equipment.
Many thousands of industrial users of the Windows XP operating system could be vulnerable to cyber-attacks following Microsoft’s decision to end official support for the system from April 8, 2014. Since that date, the company has stopped issuing security updates and providing technical support for the 12 year-old operating system.
The global market for industrial machinery will expand by 6.3% this year – more than twice as fast as the 2.9% achieved in 2013 – according to a new report from IHS Technology, which predicts that total revenues will rise from $1.5 trillion in 2013 to $1.6 trillion this year.
After performing weakly for the past two years, the global market for industrial automation equipment (IAE) is poised for stronger growth in 2014, according to a new report from IHS Technology.
The Swiss EMC specialist Schaffner has acquired has acquired the US businesses Transformer Engineering (Trenco), Magnetics Technologies and Transformer Real Estate. It is paying their parent, Transformer Holding, around CHF9m ($10.1m) for the operations.
The Gates Corporation, whose products include industrial belts and fluid power products, has been bought by the private equity group Blackstone for $5.4bn. Gates’ previous owners were the Canadian private equity firm Onex and the Canada Pension Plan Investment Board, which acquired it as part of the Tomkins conglomerate, for which they paid $5bn in 2010.
Schneider Electric has formally announced that it has entered into exclusive negotiations with two private equity groups, The Carlyle Group and PAI Partners, to buy its Custom Sensors & Technologies (CST) business, based on a $900m valuation for the operation.
The US manufacturing sector grew “solidly” during March, with output levels and new business volumes both rising sharply, according to the latest Manufacturing PMI (Purchasing Managers’ Index) survey. Although the increase in new work was slower than in the previous month, it was still the second-fastest since May 2010, and the rate of production growth was little-changed from the near three-year high recorded in February.
The Scottish engineering company, the Weir Group, is reported to have made an offer worth more than €4bn for Metso, the Finnish automation, and mining & construction, business.
Following Bosch Rexroth’s sale last year of its pneumatics activities to the German-Scandinavian investor, Triton, the now standalone business has been renamed Aventics.