Munich Re, via its subsidiary HSB, is acquiring 100% of relayr, an IoT middleware startup, in a deal valuing the company at $300 million. The acquisition aims to develop new business models in the industrial Internet of Things.
3S has signed a 4.35 billion won ($3.8 million) contract with Hanon Systems to supply environmental test equipment. The contract runs until January 30, 2019.
Eriez completed a new 326-square-meter extension to its European manufacturing facility in autumn 2018, increasing production capacity of Eddy Current Separator rotors by a third per year.
Kalamazoo Outdoor Gourmet plans to expand its operations in Comstock Charter Township, Michigan, investing $3.1 million and creating 31 jobs.
EBA Machine Manufacturing Co., Ltd, a subsidiary of EBA Kogyo Japan, inaugurated a new factory in Nomura Industrial Park, Hai Phong, Vietnam on February 15, 2014. The facility produces metal welding, cutting, and precision mechanical products.
Kaiser Aluminum Corporation acquired Imperial Machine & Tool Co., a leader in multi-material additive manufacturing and machining technologies for aerospace, defense, automotive, high-tech, and general industrial applications.
WIKA India put an extension building at its Pune production site into operation at the end of September 2018, boosting production of level measurement, WEgrid and calibration technology.
Dawson Precision Components (DPC) invested £230,000 in two new CNC lathes from Citizen Machinery UK Ltd, a Miyano BNA 42 GTY and a Citizen L20 TVIII, to expand its sub-contract engineering capabilities.
Caterpillar entered a preliminary agreement to sell its purpose-built forestry business (excluding forestry excavators) to Weiler, Inc. The sale is expected to close by early 2019.
HB McClure Company, a Harrisburg-based heating, plumbing, and electrical service provider, merged with BBEC Inc., a Mechanicsburg-based electrical contractor, to enhance its commercial and industrial offerings.
Jupiter Machine Tool will open a new manufacturing and repair facility in Galesburg, Illinois, selling CNC equipment and providing repairs using virtual and augmented reality. The facility will hire about 50 people over three years.
Mécanuméric is constructing a 13,000 m² plant in Marssac-sur-Tarn, France, for €13 million, replacing three separate workshops and doubling production capacity. The new facility is expected to open in March 2019.
Timken India Ltd, a subsidiary of The Timken Company, completed the acquisition of ABC Bearings Ltd, a manufacturer of roller bearings based in India.
SW North America, a subsidiary of Schwäbische Werkzeugmaschinen, inaugurated a new 3,700 m² production facility in New Hudson, Michigan, costing $12 million.
The Belarusian-Chinese joint venture Zoomlion-MAZ began mass production of ZMC-60 automobile cranes with 60-tonne lifting capacity at the Mogilevtransmash facility in Mogilev. The cranes use a MAZ chassis and Zoomlion equipment.
Burgo Group has ordered a Valmet rebuild of paper machine PM 9 and a new OCC line at its Verzuolo mill in Italy, to be completed by end-2019. The deal is valued at EUR 40-60 million and will allow recycled containerboard output of 600,000 tonnes a year.
L&T Hydrocarbon Engineering (LTHE) awarded Mammoet a contract for heavy lift works at the Visakh refinery modernisation project in India, scheduled for March 2019. Mammoet will deploy a 3,200-tonne capacity MSG 80 ring crane to lift components including a 1,650-tonne reactor.
Race Winning Brands, a portfolio company of Kinderhook Industries, acquired Dart Machinery, a manufacturer of high-performance engine blocks, cylinder heads, and intake manifolds. Dart's founder Richard Maskin will remain as a partner and Chairman of R&D.
Michelin North America plans to reactivate its Earthmover tire production plant in Starr, South Carolina, which was idled in early 2016. The move will shift approximately 100 workers back to the facility, which was built in 2012 and operated from 2013.
Japanese crane manufacturer Tadano and Indian equipment manufacturer Escorts agreed to establish a joint venture in Faridabad, India, to manufacture Rough Terrain and truck cranes (20-80 tonnes). Tadano will own 51%, Escorts 49%, with initial capital of 600 million rupees ($8.6 million). Production is expected to start in Q3 of the financial year.
Fortive Corporation commenced an exchange offer to split off its Automation & Specialty platform (excluding Hengstler and Dynapar) and combine it with Altra Industrial Motion Corp. Fortive stockholders can exchange shares for Newco stock, which will convert into Altra common stock.
Kyoto Seisakusho acquired PMI Cartoning in December 2017, and the two packaging equipment makers began operating as PMI KYOTO Packaging Systems in July 2018.
Bucher Hydraulics acquired an 80% majority stake in Wuxi Deli Fluid Technology, a Chinese maker of hydraulic pumps and compact power units, to form a joint venture in Wuxi, Jiangsu Province, subject to Chinese approval. Wuxi Deli generated about US$40.45 million in revenue in 2017.
Liebherr USA held a groundbreaking ceremony for a $45 million expansion of its headquarters in Newport News, Virginia. The project will add 251,000 square feet across three new buildings, including an administrative building, a warehouse and parts distribution center, and a production and workshop facility.
Swiss Trading Group SA SWITG will supply three CNC machining centers to OAO Kuzlitmash in Pinsk, Belarus, for a total of 1.558 million euros. The equipment will be used in a joint project with Safonovsky Electromashinostroitelny Zavod to produce basic components for electric generators.
Green Bay Packaging awarded Voith a complete packaging production line for testliner, including a 7.62 m wide XcelLine paper machine, for its new PM 4 in Green Bay, Wisconsin. Start-up is targeted for early 2021.
S&TC signed a supply contract worth KRW 21.65 billion with the SECL/CB&I joint venture to supply air cooler heat exchangers. The contract period runs from 24 August 2018 to 23 September 2019.
Frimarte secured a contract worth over 1.5 million euros to supply refrigeration equipment for eight longliners being built in China.
Consolidated Sterilizer Systems, a manufacturer of steam autoclaves, has moved to a new state-of-the-art facility at 3 Enterprise Rd in Billerica, Massachusetts. The larger facility increases manufacturing capacity and includes a dedicated training center.
Hefei Metalforming Intelligent Manufacturing Co. (Hefei Metalforming) received German government approval to acquire all shares of Lauffer GmbH, a 147-year-old German hydraulic press manufacturer. The acquisition was completed after the German Federal Ministry for Economic Affairs and Energy issued a no-objection certificate.
Raptorkov s.r.o. awarded DMG MORI Czech s.r.o. a contract worth CZK 7,621,320 for the supply of two CNC lathes (one 4-axis, one 3-axis), including installation and training.
Glogar Umwelttechnik GmbH is constructing a new operational building in St. Florian, Austria, with an investment of approximately €5 million. The facility will include offices, a warehouse, and a technology center for customer demonstrations.
Corelle Brands LLC is investing $50 million to modernize its manufacturing facility in Corning, New York, expanding production capacity and creating 25 new jobs while retaining 515 existing jobs.
Manitex International announced it will start using components from Tadano as part of their strategic partnership following Tadano's $32.7 million investment. The collaboration includes distribution, marketing, technology and component sourcing.
CCTY Bearing completed a new forging facility in Xuyi, China, adding nearly 12,000 square meters and 120 skilled employees. The expansion triples original capacity and brings tie rod forging in-house.
GWS Tool Group announced the acquisition of Custom Carbide Corp (A/K/A Benchmark Carbide) of Springfield, Massachusetts. The acquisition adds Benchmark's standard high performance endmills to GWS Tool Group's offerings.
Nel ASA has been awarded a contract to deliver 448 electrolyzers to Nikola Motor Company for hydrogen station infrastructure in the US, under a multi-billion NOK contract covering up to 1 GW of electrolysis plus fueling equipment. The award date is not given in the article.
Nel ASA is constructing an extension of its Notodden facility in Norway to make electrolyzers, with a planned capacity of 360 MW per year and total investment of about NOK 150 million. The expansion will accommodate a multi-billion NOK order from Nikola Motor Company.
The Iowa Economic Development Authority approved a $1.5 million Strategic Infrastructure Program grant for the University of Northern Iowa's Metal Casting Center to purchase and set up new equipment for 3-D printing of investment castings.
Bombardier Transportation and CD Cargo signed a purchase agreement for up to 50 TRAXX MS3 locomotives, with an initial call-off for 10 units. The order marks the entry of the TRAXX 3 platform into Central, Eastern and Southeastern European markets.
Bucher Emhart Glass, a division of Bucher Industries, is taking over the remaining shares of its joint venture with Shandong Sanjin Glass Machinery Co., Ltd. in Zibo, China. The joint venture was formed in 2011 and Bucher already held a 63% stake.
RÖHM Products of America acquired Master WorkHolding Inc., combining their workholding expertise. Master WorkHolding will serve as RÖHM's North American manufacturing entity for prismatic clamping fixtures.
WEG's subsidiary Watt Drive plans to expand existing production and storage space at its Markt Piesting site by more than 70% starting from fall 2018, with further investments in machinery planned by 2023.
WEG invested €1.1 million in a new Makino A99E four-axis machining center at its subsidiary Watt Drive's site in Markt Piesting, Austria, as the first step of a modernization and expansion campaign. Further investments in the double-digit million euro range are planned by 2023.
Ma'anshan Prima CNC Machinery Co., Ltd. exported cutting 10mm sheet metal 8m guillotine shearing machines to a buyer in Saudi Arabia, who placed the order after visiting five suppliers.
Gleason Gear Technology (Suzhou) Co., Ltd. won a public tender to supply one CNC gear hobbing machine (M4) to Lanzhou Wanli Aviation Electromechanical Co., Ltd. for CNY 3,678,128.
Magna Tyres nearly doubled production capacity at its Hardenberg factory in the Netherlands, six months after opening the facility in January 2018, to meet growing demand for 26.5R25 and 29.5R25 OTR tyre sizes.
Agrital signed a technical and commercial collaboration agreement with Gukss Industries (Jadhao group) in Amravati, Maharashtra, India, to produce original equipment and aftermarket cabins for tractors and other machinery under the Agrital brand. The plant has a starting production capacity of 20 units per day.
Anderson International Corp. and Ottevanger Milling Engineers announced a collaboration for the North American and Canadian markets, forming Anderson Feed Technology. The new company will be headquartered in Stow, Ohio.
C.H. Reed, Inc. signed a definitive agreement to sell its Tool and Assembly division to Rhino Assembly Company, an assembly tool solutions provider based in Charlotte, NC. The sale allows C.H. Reed to focus on its Compressed Air Group and Finishing and Fluid Handling Technologies.