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New Strategic Owner for Yunex Traffic

 

Siemens Mobility today signed an agreement to divest Yunex Traffic, the international road traffic business, to Atlantia S.p.A. The Managing Board and Supervisory Board of Siemens AG have approved the planned transaction. The purchase price is €950 million (enterprise value). Closing is expected by September 2022, subject to the relevant regulatory approvals. Yunex Traffic is a leader in innovative and intelligent infrastructure and traffic solutions for roads and cities. As a global leader in mobility infrastructure technology and services, Atlantia is a long-term, strategically oriented new owner for Yunex Traffic.

 

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Endress+Hauser Bundles Analysis Expertise: Subsidiaries SpectraSensors and Kaiser Optical Systems Merge into Endress+Hauser Optical Analysis

 

Effective 1 January 2022, the Endress+Hauser subsidiaries SpectraSensors, Inc. and Kaiser Optical Systems, Inc. have joined forces to form a new company: Endress+Hauser Optical Analysis, Inc. By consolidating its expertise in the field of laser-based measurement technology, the Group is strengthening its focus on laboratory and process analysis and positioning itself to provide customers with even better support for analysis tasks in the future. 

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Piezo Motion Continues Expanding U.S. Partner Network

 

Piezo Motion, a Brain Scientific company, and Advanced Motion Systems recently announced a distribution partnership. Piezo Motion is a developer and leading manufacturer of precision motor technology. Advanced Motion Systems, based in central New York, specializes in industrial automation products and services. Through the partnership, Advanced Motion will expand its market by offering piezoelectric motors to original equipment manufacturers (OEMs) across New York.

 

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ABB Completes Divestment of Mechanical Power Transmission Division (Dodge)

 

ABB has completed the divestment of its Mechanical Power Transmission division (Dodge) to RBC Bearings Incorporated (Nasdaq: ROLL), for $2.9 billion in cash. With the divestment, ABB has completed the first of the three previously announced exits from divisions. It is an important milestone in ABB’s strategy of active portfolio management and further strengthens its balance sheet.

 

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ATS Acquires Biopharma Processing, Laboratory Equipment and Labware Provider SP Industries

ATS Automation Tooling Systems Inc., a major automation solutions provider, recently announced it has entered into a definitive agreement to acquire SP Industries, Inc., a designer and manufacturer of high-grade biopharma processing equipment, life sciences equipment, and lab apparatus products.

 

 

 

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LKAB Extends ABB Service Agreement for Hoists at Swedish Mine by Three Years, and Adds Hoisting Motors

Global technology company ABB has signed a long-term agreement with LKAB to provide service to twelve mine hoists and now of hoisting motors at the Kiruna mine. Kiruna in Northern Sweden is the largest underground iron ore mine in the world, producing more than 85,000 tonnes per day.

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Shape Process Automation Appoints Sargon Haddad to the Position of Vice President, Burlington Division

Shape Process Automation Group (SPA), a global provider of advanced materials cutting and a full-service systems robotics integrator, has recently announced the appointment of Sargon Haddad to the position of Vice President – Burlington division, located in Ontario, Canada.

 

 

 

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Phoenix Contact Welcomes Genieall Corporation as an Authorized Solution Partner

Genieall Corporation from Etobicoke, ON has recently become a new member of Phoenix Contact’s Solution Partner program. Authorized Solution Partners have been carefully selected as part of an initiative to market Phoenix Contact’s innovations and capabilities in the field of Industrial Automation and Industry 4.0.