Atlas Copco has bought Reno A/S, a Danish maker of compressed air compressors and high-pressure cleaners with 60 employees and offices in Denmark. The deal strengthens its service network in the region.
An investment holding company managed by GFEP Family Equity acquired the majority of ETT Verpackungstechnik GmbH and ETT Service GmbH in a succession deal. ETT, based in Moringen, Lower Saxony, makes end-of-line packaging systems, and the existing management will continue.
GF Machining Solutions, a subsidiary of Georg Fischer, held a ground-breaking ceremony for a $48 million Phase II project in Changzhou National Hi-Tech District, China. The 32,000-square-meter facility will focus on R&D and production of high-end machine tools.
Porsche and Schuler are forming a joint venture to build an innovative press shop for the car factory of the future, focusing on flexible production of complex car body parts with Industry 4.0 technologies. Each company will invest a double-digit million euro amount, and over 100 jobs will be created.
Methods Machine Tools, Inc. entered into an agreement to represent Niigata Machine Techno USA, Inc. as a distributor of its horizontal machining centers throughout the U.S., Canada and Mexico.
Spain's ABC Compressors and UK-based Peter Brotherhood formed an alliance to offer a joint product range serving the power, compressor and oil and gas industries.
Porsche AG and Schuler AG signed a contract to establish a joint venture to build a Smart Press Shop for producing complex car body parts, focusing on aluminium outer skin panels and smaller batch sizes. The European Commission approved the venture in mid-August 2018.
Advanced Energy Industries, Inc. acquired LumaSense Technologies Holdings, Inc., a provider of temperature and gas sensing devices, for approximately $85 million in cash. The acquisition closed on September 1, 2018.
Sinoma-CDI has contracted Siemens to provide industrial systems and gas analytics solutions for its EUR 1.2 billion Beni Suef cement factory in Egypt.
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.
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.
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.
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.
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.
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.
Chinese listed company CSG Smart Science & Technology has acquired MAKA Systems, a German developer and producer of CNC special machines for wood, aluminum and plastics processing. The purchase agreement was signed on August 23, 2018, with closing expected by the end of October 2018. The purchase price was not disclosed.
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.
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.
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.
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.
Koops has moved to a newly remodeled $2.2 million, 45,000 sq. ft. facility in Greenville, South Carolina, replacing its previous 15,000 sq. ft. location. The facility includes a 10-ton crane and two new Haas VF series mills, and plans to hire 20 new team members within five years.
Aggregate Industries has signed a £3 million deal with Siemens, making Siemens its preferred UK technology supplier. The partnership includes inverter drives, gearboxes, motors, and control panels, as well as training for apprentices.
weba Olomouc has expanded its production facility in Olomouc, Czech Republic, as part of a project that began in 2017. The expansion includes new press hardening lines and aims to meet growing demands from the international automotive industry.
Okuma has recently opened a dedicated technical centre in India to enhance technical support and after-sales service for local manufacturers.
Okuma's new factory in Yingge District, New Taipei City, Taiwan began operations in August 2018. The factory has a total floor area of 14,000 m2 and will increase production capacity from 200 to 300 units per month, a 1.5 times increase.
Matrix Machine Tools Ltd, a Coventry-based manufacturer of grinding machines, is expanding into a new headquarters in Coventry Business Park, aiming to increase output from 20 to 100 machines per year and create 30 new jobs, doubling its workforce.