The global site of the UK's leading magazine for automation, motion engineering and power transmission
19 August, 2019

Product and Supplier Search

News » World News 

Cobot sales will top $11bn by 2030, taking 29% of market

14 August, 2019

The market for collaborative robot (or cobot) arms will become increasingly mainstream over the next 10 years, with annual sales soaring from $711m in 2019 to reach $11.8bn by 2030, according to a new analysis by ABI Research. If revenues from related products such as end-of-arm tooling accessories and software are included, the cobot ecosystem will mushroom from just over $1bn in 2019, to $24bn by 2030 – a CAGR of 28.6%.

Sandvik’s Björn Rosengren succeeds Voser as ABB’s CEO

12 August, 2019

ABB has named Björn Rosengren as its new chief executive officer, succeeding Peter Voser, who stepped into the role on an interim basis when former CEO Ulrich Spiesshofer resigned suddenly in April 2019. Rosengren, who is currently CEO of the global engineering group Sandvik, will join ABB on February 1, 2020, and will succeed Voser on March 1, 2020. Voser will then revert to his position at ABB solely as chairman of ABB’s board.

nVent buys Eldon for $130m to add to its Hoffman brand

30 July, 2019

The London-headquartered connection and protection systems group nVent Electric is buying the Spanish enclosures manufacturer Eldon, adding it to a portfolio that already includes the Hoffman, Schroff, Raychem, Caddy, Tracer and Erico brands. nVent is paying around $130m in cash for the privately-owned business, including repayment of Eldon’s debt.

Schneider and Rockwell join ISA in cyber-security drive

29 July, 2019

The International Society of Automation (ISA) has created an alliance to promote cyber-security readiness and awareness in manufacturing, as well as in critical infrastructure facilities and processes. The founding members of the Global Cybersecurity Alliance (GCA) include Schneider Electric, Rockwell Automation, Honeywell, Johnson Controls, Claroty, and Nozomi Networks.

Group aims to standardise industrial cloud interfaces

14 June, 2019

More than 30 companies and organisations involved in industrial automation and communications have come together to draw up a standard interface for industrial cloud communications that will ensure interoperability between factory systems and cloud platforms.

Design your own low-cost robot ‘in just a few clicks’

12 June, 2019

A group of German robotics suppliers has joined forces to create a platform where users can create low-cost robots by choosing compatible components from different suppliers “with just a few clicks”. Initial supporters of the platform, called, include igus, ifm, Schunk, Servotronix, Schmalz and Commonplace Robotics.

Saab’s successor buys UK wheel-motor developer, Protean

05 June, 2019

National Electric Vehicle Sweden (NEVS), a subsidiary of the Chinese group Evergrande Health, has acquired the British pioneer of in-wheel motors (IWMs) for electric vehicles, Protean Electric. The acquisition is part of Evergrande’s strategy to become a major player in the global EV industry, and paves the way for NEVS to use Protean’s in-wheel electric drive technology, ProteanDrive, in future products.

UK’s Langley Holdings buys Italian motor-maker, Marelli

03 June, 2019

The British engineering and industrial group, Langley Holdings, has bought the Italian electric motor and generator manufacturer, Marelli Motori, from the private equity investor, the Carlyle Group, for an undisclosed sum. The transaction includes the repayment of Marelli’s bank debt of €55m.

Mitsubishi buys Iconics and invests in Realtime Robotics

13 May, 2019

Mitsubishi Electric is acquiring the remaining shares in Iconics Inc, the US industrial software developer that focuses on Scada, IoT, mobile, analytics and cloud software products for the manufacturing, industrial and building-automation markets. Mitsubishi has held a 19.9% stake in Iconics since 2011, and the new deal will make the US business a 100% subsidiary. The financial details of the acquisition have not been revealed.

Fieldbus sales go into reverse as Ethernet continues to boom

09 May, 2019

Sales of industrial fieldbus nodes fell for the first time last year, as industrial Ethernet continued to establish its dominance of industrial networking, according to the latest annual survey of the market by the Swedish industrial networking supplier, HMS Networks.

Schaeffler and Mitsubishi join forces on digitalisation

07 May, 2019

Mitsubishi Electric and Schaeffler Technologies have formed a global strategic partnership that will build on existing collaborations between the two companies under Mitsubishi’s e-F@ctory Alliance, which they have both been members of since 2010.

Hitachi buys US robotics SI, JR, for $1.4bn

24 April, 2019

Hitachi is buying the leading US-based robotic systems integrator (SI), JR Automation Technologies, for $1.425m (around ¥158.2bn) to strengthen its factory automation activities in North America and elsewhere. JR, founded in 1980, builds production lines and logistics systems that use industrial robots. It employs more than 2,000 people at 23 locations worldwide and has expanded its revenues by more than 20% a year for the past three years to reach $603m in 2018.

Novanta adds Ingenia servodrives to Celera motion business

18 April, 2019

US-based Celera Motion, part of the Novanta Corporation, has acquired Ingenia Motion Control, the Spanish developer of servodrives and control software. Ingenia will be integrated into Novanta’s Precision Motion group and become part of its Celera Motion business, which also includes Applimotion direct-drive motors and actuators, MicroE optical encoders, Westwind air bearings and spindles, and UK-based Zettlex inductive encoders, which Novanta acquired in 2018.

Manufacturers on Windows XP are risking their systems

09 April, 2019

Many manufacturers are facing an increased risk of cyber-attacks due to their continuing use of old versions of Windows – especially Windows XP – which are no longer receiving security updates, according to the cyber-security analyst, Trend Micro. In a new report, Trend also warns that the closer links between IT (information technology) and shopfloor networks that are essential to Industry 4.0 are posing increased risks to production processes and intellectual property.

Microsoft and BMW want to open up manufacturing tech

08 April, 2019

Microsoft and the BMW Group have launched an initiative aimed at speeding up innovation in the manufacturing sector and making it more cost-effective. The Open Manufacturing Platform (OMP) is designed to break down barriers caused by proprietary systems, and to create an open technology framework backed by a cross-industry community.

  • 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

    To see the latest Products & Services Directory, click here



Birmingham 2020The next Drives & Controls Exhibition and Conference will take place in Birmingham, UK, from 21-23 April, 2020. For more information on the event, visit the Show Web site


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



Most Read Articles