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Misumi announces discounts of up to 59% across 50 categories

05 August, 2013

The mechanical components manufacturer Misumi is introducing discounts of up to 59% for large volume orders for factory automation and machine-building products in more than 50 categories, including linear motion equipment, gears, pulleys and bearings. The reductions depend on the type of equipment and the quantity ordered.

Schneider’s £3.4bn takeover of Invensys goes ahead

31 July, 2013

Schneider Electric’s takeover of Invensys is going ahead without the bidding war that some observers had predicted. The French multinational is paying £3.4bn ($5.2bn) for UK-based Invensys, making it Schneider’s biggest acquisition since it bought American Power Conversion for $6.1bn in 2006.

Siemens CEO is ousted and succeeded by CFO

31 July, 2013

Siemens' chief executive Peter Löscher has resigned “by mutual consent” and been replaced as president and CEO by the company’s chief financial officer, Joe Kaeser. The changes take effect from 1 August, 2013.

ABB buys ring motor business to boost its gearless mill drives

30 July, 2013

ABB is buying Alstom’s ring motor business to enhance its gearless mill drive (GMD) activities. The business, based in Bilbao, Spain, has about 120 employees and achieved a turnover of €57m in 2012/13. It will become part of ABB’s Process Automation division. The financial details of the deal have not been revealed.

Sales of MV and HV motors expand in South-East Asia

22 July, 2013

Sales of medium- and high-voltage motors in South-East Asia will climb from $615.4m in 2012 to reach $802m by 2019, according to a new forecast from Frost & Sullivan.

Shale gas boom propels North American drives market

15 July, 2013

Sales of variable speed drives for use in natural gas applications in North America are growing 1.5 times faster than the general drives market, according to a new report. The analyst Frost & Sullivan says the growth is being driven by the rapid expansion of shale gas extraction, an increase in natural gas exploration and production, and new investments in transport infrastructure.

Schneider Electric makes $5bn bid to buy Invensys

12 July, 2013

Schneider Electric has launched a $5bn bid to buy the British industrial software and control systems supplier Invensys. Invensys’ board has told Schneider that it is likely to recommend that its shareholders should accept the offer, but there is speculation that other bidders may enter the fray, possibly including Emerson, GE or ABB.

Falling HMI prices led to a shrinking market during 2012

10 July, 2013

The global market for operator terminals shrank by 3.3% during 2012, to a total value of $2.2bn. The decline, following two years of strong double-digit growth, was due largely due to the prices of operator terminals falling by an average of 4% during the year, according to a new report from IMS Research, now part of IHS.

Electric vehicle motor sales will hit $2.8bn by 2020

10 July, 2013

Global sales of motors used to drive electric and hybrid vehicles will grow from $965m in 2013 to more than $2.8bn by 2020, according to a new report from Navigant Research.

US bearings-maker acquires German ceramics specialist

09 July, 2013

The American bearings supplier New Hampshire Ball Bearings (NHBB) has acquired the German firm Cerobear, which specialises in producing bearings incorporating advanced ceramics.

NI expands motion controls tie-up with Kollmorgen

05 July, 2013

National Instruments is expanding its motion control collaboration with Kollmorgen to offer products including drives, motors, linear positioners, gearheads, cables and accessories. It says that the collaboration will simplify the design of sophisticated machinery and equipment.

26 tonnes of fake bearings are destroyed in Germany

05 July, 2013

The German bearings manufacturer Schaeffler has destroyed 26 tonnes of counterfeit bearings, valued at more than €1m, following raids on bearing distributors across Europe, including in Italy, Germany and the UK.

Singapore trains will be retrofitted with PM synchronous motors

05 July, 2013

The Singapore railway operator SMRT is refitting 66 commuter trains with permanent magnet synchronous motors (PMSMs) in a move that is expected to cut power consumption by 30%, reduce noise levels, and improve the operating efficiency of the trains.

Global sales of robots dipped slightly during 2012

01 July, 2013

Global sales of industrial robots during 2012 were the second-highest on record, according to the latest figures issued by the International federation of Robotics (IFR). More than 159,000 robots were sold worldwide – almost as high as the record figure of 165,000 achieved in 2011.

Industrial Internet ‘could be worth $1,700bn by 2020’

24 June, 2013

Expenditure on the Industrial Internet will soar from $20bn in 2012 to around $514bn by 2020, while the cumulative net value created by the Industrial Internet will amount to $1,700bn by 2020 – according to a pair of new reports from the Wikibon project, a global community dedicated to improving the adoption of technology through the sharing of free advisory knowledge.

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