Electric motor suppliers, uncertain about the effectiveness of energy efficiency legislation and facing increasing price pressures, are venturing into other product categories to remain competitive, according to a new report from IHS.
Schneider Electric has announced plans to perform a reverse takeover of the UK-based industrial software developer Aveva that will combine their software operations to create “a global leader in industrial software”. Schneider is paying £550m ($855m) towards the issue of new shares in Aveva, giving it a majority stake in the business.
The European machine vision market grew by 14% in 2014 to reach almost €5bn, according to new figures issued by VDMA Machine Vision, a trade body that represents more than 3,100 companies in this sector across Europe. A further expansion of 11% is forecast for 2015.
Panduit has bought Network Vision, the developer of the IntraVue tool for visualising and diagnosing industrial Ethernet networks. The tool allows users who are not network experts to identify and analyse network interruptions that conventional tools cannot spot, thus improving the uptime of their networks. It also provides real-time monitoring of their networks.
The global market for medium-voltage (MV) motors was worth an estimated $5.7bn in 2014, and is expected to dip to $5.6bn this year, before rebounding to reach $6.8bn by 2019. This represents a CAGR of 3.6% for the period 2014–2019, according to a new research note issued by the analyst IHS.
The collaborative robotics market will expand roughly tenfold between 2015 and 2020, soaring from $95m in 2015 to more than $1bn by 2020, according to a new study published by ABI Research.
The Megadyne group is buying another Italian belt-maker, Sampla Belting, for an undisclosed sum. Megadyne says that the move will enhance its position as the world's leading industrial power transmission conveyor belt company.
Emerson has announced that it is exploring “strategic alternatives” for its motors and drives operation – which includes the drives-maker Control Techniques and the motor manufacturer Leroy-Somer – as part of a plan to streamline its portfolio, drive growth and accelerate value creation. The US-headquartered company has also announced that it is spinning off its Network Power business and is planning a “complete review and assessment” of its corporate structure and services to reduce its size and sharpen its focus.
The Motion Control Association (MCA) has merged with SMMA, the Motor & Motion Association, to form the Motion Control & Motor Association (MCMA), which will serve the global motion controls and motors industry.
Emerson has appointed Scott Anderson as the next president of its Control Techniques drives business, succeeding Enrique Minarro Viseras who has occupied the post since 2012.
Cognex is selling its Surface Inspection Systems Division (SISD) to Ametek for around $160m in cash. California-based SISD produces software-enabled vision systems used to inspect the surfaces of continuously processed materials for flaws and defects. Its sales last year were worth $60m, or 12% of Cognex’s total revenue.
The German cable manufacturer Lapp and the connector-maker Intercontec have joined forces to “re-invent” servodrive cable assemblies with a new range that, they say, will support all common drives. Lapp has set up an automated facility at its Stuttgart plant to produce the Ölflex Connect Servo assemblies, and this will be followed by similar facilities in Asia and North America to serve the global market.
Rockwell Automation has appointed Thomas Donato to be president of its Europe, Middle East and Africa (EMEA) region, succeeding Hedwig Maes who has occupied the position since 2008.
ABB has opened a robotics manufacturing plant in the US which, it says, makes it the first global industrial robotics company to manufacture in North America. The plant – at an existing facility in Auburn Hills, Michigan which already employs around 500 people – is ABB’s third robotics production facility, and joins existing plants in China and Sweden. It will manufacture ABB robots and related equipment for the North American market. Production will start immediately.
The US automated test equipment specialist Teradyne is buying the Danish collaborative robotics pioneer Universal Robots for $285m in cash, plus $65m if certain performance targets are met in the period to 2018. The acquisition is expected to close in the second quarter of 2015, subject to customary closing conditions and regulatory approval.