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19 August, 2019

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Delta buys Norwegian power supply firm Eltek for $530m

22 December, 2014

The Taiwanese automation and power electronics manufacturer Delta Electronics is buying the Norwegian power supply maker Eltek in a deal that values the business at around NOK3.9bn (US $530m). The transaction, which is being conducted through Delta’s Dutch subsidiary, Deltronics, is expected to be completed by June 2015.


PLCopen sets up safe motion working group

22 December, 2014

The PLCopen automation standards organisation has set up a new working group to look at safe motion.


Rebounding motion control market heads for a new peak

17 December, 2014

After declining for two years, global revenues from motion-control products have bounced back, growing by more than 6% in 2014 to reach $12.2bn, according to a new study from IHS. However, this still leaves the market about 4% below its peak, which it reached in 2011 following two years of 20%-plus growth.


Regal Beloit buys Emerson unit for $1.4bn

16 December, 2014

After months of speculation, the US motors and motion control giant Regal Beloit has announced that it is buying Emerson Electric’s Power Transmission Solutions (PTS) business for $1.4bn in cash and $40m of assumed liabilities.


WEG makes second German acquisition in a year

15 December, 2014

The Brazilian motor-maker WEG has acquired the German firm Antriebstechnik Katt Hessen (AKH), a motor manufacturer which specialises in high-speed and custom machines. Terms of the deal have not been released.


Drives are becoming an ‘indispensable’ part of machinery

12 December, 2014

Variable-speed drives (VSDs) will be an “indispensible” part of all manufacturing equipment by the end of 2018, says a new report from the market analyst, Frost & Sullivan. It predicts that that European revenues from drives used in the discrete industries, will rise from $1.18bn in 2013 to $1.41bn by 2018.


Nidec buys Chinese motor-maker to boost its SR presence

12 December, 2014

The Japanese motor-maker Nidec is buying assets from a Chinese specialist manufacturer of motors and drives, China Tex Mechanical & Electrical Engineering, in a bid to reinforce itself as the global leader in switched reluctance (SR) motors and drives, and to create a foothold for its Nidec Industrial Solutions (NIS) business in China.


Belden buys cyber-security firm Tripwire for $710m

11 December, 2014

The networking and communications specialist Belden is buying the US-based cyber-security supplier, Tripwire, for $710m in cash. Tripwire, which provides threat, security and compliance systems, will work with Belden to deliver a new generation of cybersecurity systems that can be deployed across enterprise, industrial and broadcast markets.


Vacon CEO Laisi will lead merged business with Danfoss

08 December, 2014

The Finnish AC drives manufacturer Vacon is now part of the Danfoss Group, after Danfoss secured more than 90% of Vacon’s shares and voting rights, and obtained approvals from all the relevant authorities. Danfoss launched its bid for Vacon in September 2014.


Bearings market looks to developing world for growth

21 November, 2014

Rapid industrial development in high-growth regions of the world is driving global sales of industrial bearings and couplings, which are expected to grow from $22bn in 2013 to reach $26.7bn by 2018. A new report from Frost & Sullivan says that this push from developing economies is important because the market is technologically mature and growth in developed economies in Europe and North America is limited.


'Intelligent' motor control centres are gaining ground

11 November, 2014

Intelligent motor control centres (IMCCs) are gaining market share at the cost of traditional MCCs, according to a new report from the market analyst, Frost & Sullivan. It estimates that the total MCC market was worth $4.06bn in 2013 and predicts that it will reach $5.12bn by 2018.


Rexnord adds Indian couplings firm to its portfolio

04 November, 2014

Rexnord is buying Euroflex Transmissions (India), which supplies high-performance disc couplings used in power generation, gas compression and industrial process machinery applications. Hyderabad-based Euroflex, which has annual revenues of around $16m, was formed in 1991 as a joint venture with UK-based Euroflex Transmissions.


Autodesk launches $100m fund to back 3D printing ideas

04 November, 2014

Autodesk, the company behind AutoCAD, has announced plans to invest up to $100m in 3D printing businesses in the next few years. It has set up a fund to back entrepreneurs, start-ups and researchers who push the boundaries of 3D printing technology and “accelerate the new industrial revolution”.


Rexnord buys Italian shaft-locking specialist

03 November, 2014

Rexnord has acquired the Italian shaft-locking specialist Tollok, which has annual revenues of around €17m. Details of the transaction have not been released.


Malware targets GE and Siemens HMI software

30 October, 2014

The US Government’s industrial controls cyber-security agency, ICS-Cert, has uncovered a “sophisticated” malware campaign that, it says, has compromised numerous industrial control systems (ICSs) using a variant of the malware known as BlackEnergy. Analysis suggests that this campaign has been underway since at least 2011.


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