The global site of the UK's leading magazine for automation, motion engineering and power transmission
1 March, 2024

LinkedIn
Twitter
Twitter link

December News in Brief

01 December, 2010

♦  Allied Motion Technologies is buying the Swedish motion specialist Östergrens Elmotor for around $8m, plus a performance-related sum. Östergrens designs drive electronics, software and mechanical processes and has manufacturing facilities in Sweden and China. Its 2009 revenues were $15m and it employs 58 people.

♦  The Japanese motor manufacturer Nidec is buying Sanyo Seimitsu, a subsidiary of Sanyo Electric that specialises in producing small precision DC motors such as those used to produce vibrations in mobile phones. The deal is reported to be worth $85m.

♦  Datalogic has settled a patent dispute with Sick that has been running since 2005. Datalogic has granted Sick a licence allowing it to continue using its PackTrack technology in stationary barcode scanners for industrial applications.

♦  SKF is buying the US lubrication systems supplier Lincoln Holdings Enterprises (known as Lincoln Industrial) from the Harbour Group for $1bn. Lincoln has around 2,000 employees and generates sales of around $400m, with an operating profit margin of around 24%.

♦  Danaher Motion has changed its name to Kollmorgen in Europe, adopting the name of the business that it acquired for $325m in 2000. It says that the change will create a clear brand. Kollmorgen is also moving its European headquarters to larger premises in Ratingen, Germany. It says it has been growing faster than the market and is hiring new staff.

♦  Sweden’s Beijer Electronics has bought QSI Corporation, the US-based supplier of rugged operator interfaces and mobile data terminals, for around SEK80m (£7.5m). Beijer has also acquired a 37% stake in the Taiwanese data communications company Korenix Technology, for SEK41.5m (£3.9m), making Beijer its largest shareholder.

♦  Kinetek, a US-based manufacturer of motors and controls, has acquired the commercial refrigeration motors product line from GE Energy’s Industrial Solutions Division. The motors will now be manufactured by a Kinetek subsidiary, Merkle-Korff Industries.

♦  IMS Research is predicting that the global market for embedded computer boards and modules will grow from $2.5bn in 2009 to $4.3bn by 2014. It expects the highest growth to be for smaller boards with miniaturisation as a key focus.




Magazine
  • To view a digital copy of the latest issue of Drives & Controls, click here.

    To visit the digital library of past issues, click here

    To subscribe to the magazine, click here

     

Poll

"Do you think that robots create or destroy jobs?"

Newsletter
Newsletter

Events

Most Read Articles