13 April 2023 Updated research by Interact Analysis indicates that the current economic turbulence will continue to have a dampening effect on the global manufacturing industry. Just three… Read More
3 May 2022 The US bearings and power transmission manufacturer The Timken Company is buying the Slovakian company Spinea, which manufactures cycloidal reduction gears and actuators aimed at… Read More
30 March 2021 A survey of automation companies around the world has revealed widespread optimism, with revenues, investment in automation, and headcounts all expected to grow by more… Read More
8 February 2021 The Japanese electric motor and drives manufacturer Nidec is buying Mitsubishi Heavy Industries’ machine tools business for a reported 30 billion yen ($285m). The business,… Read More
26 August 2020 A new analysis of how long it will take for global manufacturing to recover from the effects of the Covid-19 pandemic, suggests that there will… Read More
29 January 2019 The European Union has set up a consortium with the goal of creating 1,000 manufacturing start-up businesses, and training and upskilling 50,000 people across the… Read More
19 December 2018 Schaeffler has acquired the German motor-making machinery specialist Elmotec Statomat, setting it on course to become a large-scale producer of electric motors, especially for automotive… Read More
5 October 2018 Rethink Robotics, the American pioneer of collaborative robots (cobots), is shutting down, with the loss of 91 jobs, after talks to sell the business collapsed… Read More
13 May 2015 The US automated test equipment specialist Teradyne is buying the Danish collaborative robotics pioneer Universal Robots for $285m in cash, plus $65m if certain performance… Read More
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… Read More
