Schuler AG agreed to acquire 100% of AWEBA Werkzeugbau GmbH, a die and fixture manufacturer based in Aue, Germany, for an undisclosed amount. The transaction is subject to antitrust approval.
Schuler AG acquired a majority stake of at least 51% in Yangzhou Metal Forming Machine Tool Co., Ltd. (Yadon), a Chinese press manufacturer. The deal gives Schuler access to the mid-market segment in China. The purchase price was not disclosed.
Xyntek Inc. has announced a new company structure under the name CXV Global Ltd, bringing together three partner companies (Crest Solutions, Xyntek and VistaLink) to create a single source solution globally for industrial automation and digital transformation.
Hebei Chenli Group has acquired Jiangsu Oumar Machinery, a chain block industry leader. The combination aims to improve product technical quality and pricing.
Colfax agreed to acquire CKD Kompresory a.s. of Prague from CKD Group for approximately $57 million including debt, to be merged into Howden as Howden CKD Compressors. Closing is expected in the fourth quarter.
Yokogawa Electric Corporation completed the acquisition of all shares of Fluid Imaging Technologies, Inc., a provider of flow imaging particle analysis solutions, on April 8, 2020.
Beckwood Press Company has been awarded a contract by H&R Parts Company to manufacture a 200-ton Triform sheet stretch forming machine for aerospace aluminum parts. The machine will replace one destroyed in a fire in January 2019.
Beckwood Press Company has been awarded a contract by H&R Parts Company to manufacture a 200-ton Triform sheet stretch forming machine for aerospace aluminum parts. The machine will replace one destroyed in a fire in January 2019.
Technology company Rombit has acquired Drivity, a training expert for safe internal transport, to expand its safety offering for the industrial sector. Drivity's founder Koen Terryn and the team of instructors join Rombit.
Valmet will supply its 300th Valmet Paper Lab automated board and paper testing laboratory to Papierfabrik Palm's Aalen-Neukochen mill in Germany, with delivery during 2020. Valmet will also supply three Paper Labs in total to Palm sites and a containerboard machine at Aalen-Neukochen. The order value was not disclosed.
Hitachi plans to sell a 50% stake in its construction machinery (digger) unit for $1.6 billion.
Trützschler Nonwovens & Man-Made Fibers GmbH started a cooperation with Italian textile machinery manufacturer Texnology S.r.l. to offer complete production lines for needle-punched nonwovens under the name T-SUPREMA. A first joint project has been completed and put into operation.
Hüttmann Machine Tools Beteiligungs-GmbH and Thüringer Industriebeteiligungs-GmbH are acquiring SAMAG Machine Tools GmbH, pending antitrust approval.
Dongguan Hsinpu Paper Co installed a 2.8m Fosber Asia Pro/Line corrugator at its Dongguan plant, replacing two older 1.8m machines; the machine was commissioned on 30 June 2019.
Nano Dimension Ltd. announced it will acquire all outstanding shares of Markforged Holding Corporation in an all-cash transaction for $5.00 per share, totaling $115 million. The combined company will also include Desktop Metal.
Plan Tech, Inc. announced the acquisition of the assets of Industrial Wheels, Inc., an Ohio-based manufacturer of custom urethane amusement park wheels and polyurethane components.
Bodycote completed the acquisition of Ellison Surface Technologies for $200 million on April 3, 2020, creating one of the largest providers of thermal spray and engineered coating surface technology services globally.
Harmonic Drive SE expanded its production building in Limburg, Hesse, with SPIE installing electrotechnical infrastructure. The 6,000 square metre plant supports growing sales of high-precision gearboxes and drives.
Danfoss is acquiring Eaton Hydraulics, combining it with Danfoss Power Solutions to strengthen its hydraulic components business for mobile machines. The announcement was made weeks before the April 2020 interview.
AGCO is ramping up production at its Massey Ferguson factory in Beauvais, France, to over 18,000 tractors per year, with more than A$500 million invested over the past six years. The expansion will cover 54ha and employ up to 2,500 people.
Doosan Heavy Industries & Construction is considering separating its subsidiaries Doosan Infracore and Doosan Bobcat as part of a self-salvage plan to address debt and weak cash flow.
Hexagon Purus received an order from Everfuel to deliver two X-STORE high-pressure hydrogen distribution modules, to be produced in Kassel, Germany, for hydrogen refueling stations in Denmark. Deliveries are scheduled for Q3 2020. The article is dated April 3, 2020.
The Australian Department of Defence awarded a contract to Renishaw Oceania Pty. Ltd. for a metal additive manufacturing system, valued at AUD 3,989,441.64.
Kitagawa NorthTech acquired the Kitagawa NC Rotary Tables and exclusive distribution rights to MST Yellow Angle Head products from Tecnara Tooling Systems, effective April 1, 2020.
J&R Machine announced it has installed two DMG MORI NZX 2000 automated CNC systems at its Shawano, Wisconsin headquarters, increasing production capacity for complex machined parts.
IMI plc, a UK-based industrial company, has selected and ordered XMReality Remote Guidance for services within the oil and gas industry. The contract covers software and hardware worth 800,000 SEK, with software renewed annually.
Estun Automation announced it will acquire a 51% stake in Nanjing Dingpai Electromechanical Technology from its controlling shareholder for CNY 409 million, making Dingpai a wholly owned subsidiary. Dingpai holds indirect equity in German Cloos company.
Wuxi Bike Hydraulic Co. is expanding its precision hydraulic component manufacturing on 23 mu of land in Zhutang town, Jiangyin, with 16,000 sqm of new buildings and 108 sets of equipment. The total investment is CNY 120 million, agreed at a signing ceremony on April 2.
Sandvik's new titanium powder plant and additive manufacturing operations in Sandviken, Sweden, received AS9100 Revision D certification in April 2020, qualifying them for aerospace deliveries. The plant was inaugurated in late 2019.
NBSL M&E Technology Co., Ltd acquired majority stakes in Prisma S.p.A., an Italian manufacturer of automatic doors for elevators, through its European holding NBSL Europe SRL.
Schuy Maschinenbau GmbH, taken over by Folmeg Engineering + Maschinenbau three years ago, has been renamed Schuy + Folmeg Maschinenbau GmbH effective April 1, 2020, to symbolize intensified cooperation.
Pine Island Capital Partners and Bain Capital Credit acquired Precinmac Precision Machining, a manufacturer of high-precision machined components for aerospace, defense, semiconductor, and industrial sectors. Financial terms were not disclosed.
GWS Tool Group acquired North American Tool Corporation.
Milwaukee Tool will open a new vertically integrated manufacturing plant in West Bend, Wisconsin, expanding its U.S. footprint.
HS Manufacturing, LLC, a subsidiary of Hickory Springs Manufacturing Company, is shifting the reporting structure of its Fort Smith, AR, plant to its HS MetalWorks division to broaden capabilities.
Saipem, in joint venture with Renaissance, was awarded the onshore engineering and construction contract for the Arctic LNG 2 project in the Gydan Peninsula, Siberia, worth $2.5 billion.
KKSP Precision Machining, LLC, an Illinois-based metal component manufacturer, acquired Prime Engineered Components, Inc., a manufacturer of custom metal components, to expand into the Northeastern US. The deal was announced on April 3, 2020.
San Francisco-based equity firm Thoma Bravo announced an agreement to acquire Birmingham's Command Alkon from Quilvest Capital Partners for an undisclosed amount. The deal is subject to customary closing conditions and regulatory approvals.
Oakmount Control Systems acquired a 36,883 sq ft former printworks in Plymouth for an undisclosed sum, adding a fourth site to support expansion in automation and robotics.
Jiangsu Beiren Robot System Co., Ltd. held a groundbreaking ceremony for its R&D and intelligent production line project (phase 2) in Suzhou Industrial Park on March 31, 2020. The project covers 29,997.18 square meters and includes a five-story R&D building and three factory buildings.
Foodmach has been contracted by Med-Con to design and manufacture three surgical face mask-making machines to expand Med-Con's production capacity from 2 million to 50 million masks per year. The first machine is scheduled for delivery in eight weeks.
Forglass completed a batch plant expansion project at Saint-Gobain Isover's glass wool production facility in Chemillé, France, adding a new line to supply a second furnace.
Peab has been commissioned to build a new carbon dioxide neutral factory and office building for Komatsu Forest in Umeå, Sweden, worth SEK 650 million. The factory will manufacture the next generation of forestry machines and is expected to open in 2021.
AVEVA, a global leader in industrial software, acquired production accounting software from South Korean company MESEnter to enhance its value chain optimization solution for refinery, petrochemical and mining operations.
The University of York has awarded a contract to XYZ Machine Tools Ltd for the purchase of a 4-axis CNC vertical machining centre for £61,012.
Guangdong Jinbaoli Equipment Co., Ltd. plans to build 23,000 square meters of factory buildings, research and development buildings and staff dormitories in response to Shunde District Government's industrial park renovation policy. The project is expected to be fully put into use in 2021.
XCMG Hydraulic Parts is upgrading its hydraulic valve production line in Xuzhou's economic development zone under a total investment of 700 million yuan. The project adds capacity of 30,000 hydraulic valve sets and 30,000 high-tonnage hydraulic cylinders per year, with full production expected by June 2020.
Millitec Food Systems Ltd has invested £1.2 million in a new 20,000 sq ft factory in Draycott, Derbyshire, which will create around 40 new jobs. The site makes food production equipment and supports its planned expansion.
Balco signed an agreement with Meyer Werft to produce and deliver balconies for two cruise ships, worth approximately SEK 140 million. One order was booked in Q4 2019, the other in Q1 2020.
Vossloh has won a contract to supply 38 turnouts and 495,000 sleeper sets of rail fastening system W 30 HH for Package 2A of the Etihad Rail network, linking Ruwais with Saudi Arabia's Ghuweifat region. The contract was awarded by a joint venture between CSCEC and SK Engineering & Construction.