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24 October, 2021

News » World News 

Nidec buys Mitsubishi machine tool business and expertise

21 October, 2021

The Japanese motors and drives manufacturer Nidec has acquired the Mitsubishi Heavy Industries Machine Tool company, which designs and manufactures machine tools, cutting tools and related products. As well as selling machine tools to external customers, Nidec plans to use the gear-cutting capabilities and expertise of the acquired business to boost its E-Axle activities, which produce combined motor, inverter and gearbox systems for use in electric vehicles.


Rexnord merger with Regal creates $5bn giant with new name

21 October, 2021

The electric motors and mechanical power transmission manufacturer Regal Beloit has completed its merger with Rexnord Process and Motion Control (PMC) to create a new business, Regal Rexnord Corporation. The combined business, employing about 29,000 people and with manufacturing facilities on five continents, is predicted to generate revenues of around $5bn in 2022, with an adjusted Ebitda of more than $1bn. The merger is expected to generate synergies worth at least $120m over the coming three years.


UK joins pledge to double motor system efficiencies by 2030

20 October, 2021

Ten countries, including the UK, have pledged to double the efficiency of their electric motor systems and those of three other technologies – air-conditioners, refrigerators and lighting – by 2030. The countries are members of an initiative called Sead (Super-efficient Equipment and Appliance Deployment) that promotes the production, purchasing and use of energy-efficient equipment worldwide. Of Sead’s 21 participating governments, fewer than half have so far committed themselves to doubling equipment efficiencies by 2030 – a target which Sead admits is “ambitious”.


Is Siemens planning to sell off its large drives business?

19 October, 2021

Siemens is spinning off its large drives applications (LDA) business as a separate legal entity, before possibly selling the operation or forming a partnership with another company. According to the German newspaper Handelsblatt, the creation of LDA as a separate entity could be the first step towards divestiture. The operation is one of several businesses that Siemens has said it wants to improve or sell off.


Novanta buys Schneider Electric Motion for $115m

11 October, 2021

Novanta, the US-based industrial conglomerate whose businesses include Celera Motion and ATI Industrial Automation, has bought US-based Schneider Electric Motion for $115m in cash and renamed it Novanta IMS. It specialises in brushless motors, integrated motor drives and electronic controls.


$1.6bn start-up’s software will ‘liberate’ manufacturers

21 September, 2021

Bright Machines, the US automation start-up that was valued at $1.6bn when it announced its intention to go public earlier this year, has released a software package “that liberates manufacturers from the constraints of traditional factory automation and introduces a new self-service capability that enables flexible automation at greater speed and lower cost”.


Automation firm founder becomes Japan’s richest man

21 September, 2021

Takemitsu Takizaki, who founded the sensor and controls manufacturer Keyence in in 1974, has become Japan’s richest man with an estimated fortune worth $38.2bn – putting him ahead of the previous frontrunner Tadashi Yanai, who founded the clothing giant Uniqlo and has lost $9.7bn in the past year, leaving him with a mere $35.5bn.


Aerotech sets up precision metrology offshoot

17 September, 2021

Aerotech, the US-headquartered manufacturer of precision motion control and positioning systems, has set up a subsidiary dedicated to designing and building equipment for accurate surface measurement applications. Called Peak Metrology, and based at Aerotech's Pittsburgh headquarters, it will draw on the company’s expertise in positioning systems, but will focus on surface measurement applications, offering product development, engineering, installation and training services.


Hackers ‘can access networks at 91% of industrial companies’

09 September, 2021

A Russian cyber-research firm, Positive Technologies has reported that industrial companies were the second-most targeted sector by cybercriminals during 2020, and found that external attackers can penetrate corporate networks at 91% of industrial organisations. “Penetration testers” working for the company were able to access to the ICS (industrial control system) networks at 75% of these companies.


ICS vulnerabilities soared by ‘staggering’ 41% in early 2021

19 August, 2021

The number of vulnerabilities discovered in industrial control systems (ICSs) hit a “staggering” level in the first half of 2021, with 637 new vulnerabilities being revealed – 41% more than during the previous six months. A new report from the cyber-researcher Claroty shows that most of these ICS vulnerabilities have a high or critical severity, a low attack complexity, are remotely exploitable, and could result in a total loss of ICS availability.


LiDar collaboration could ‘up-end’ industrial automation

11 August, 2021

The Nikon Corporation has formed a strategic collaboration with the US sensing and perception start-up Aeva Technologies, to bring a 4D LiDar (light detection and ranging) technology with an “unique” micron-level measurement capability to precision industrial automation and metrology applications. The aim is to develop next-generation industrial sensing systems using Aeva’s “industry-first” 4D LiDar-on-chip technology, first developed for use on autonomous vehicles.


Schaeffler buys Dutch bearing tools maker to boost service arm

03 August, 2021

Schaeffler has acquired Bega International, the Dutch manufacturer of tools for mounting and dismounting rolling bearings. The acquisition expands Schaeffler’s lifecycle service portfolio. Terms of the transaction have not been disclosed.


ABB sells Dodge to RBC for $2.9bn, doubling its size

26 July, 2021

UPDATED: ABB is selling its Dodge mechanical power transmission business to the US bearings-maker RBC Bearings for $2.9bn in cash. The deal will double RBC’s revenues, and create a leading manufacturer of highly-engineered, performance critical bearings and motion control components, with customers including OEMs and the industrial aftermarket.


Google robot software firm emerges from 5 years of stealth r&d

26 July, 2021

Google’s parent company, Alphabet, has launched a business that aims to make industrial robots easier to use, less costly and more flexible. The announcement of the business, called Intrinsic, follows more than five years of stealth development inside Alphabet’s secretive X "moonshot factory" which works on future technologies.


ABB expands into mobile robotics by buying Asti

20 July, 2021

ABB is entering the autonomous mobile robot (AMR) market by buying the Spanish-headquartered AMR manufacturer, Asti Mobile Robotics Group, for an undisclosed sum. The deal will expand ABB’s robotics and automation offering and, it claims, make it the only company to offer a complete portfolio for the next generation of flexible automation. The acquisition, a key part of ABB’s external growth strategy, is expected to close soon.


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