Parker Hannifin Corporation, a global leader in motion and control technologies, recently announced that Robin J. Davenport, Vice President – Corporate Finance, will retire effective December 31, 2022, after 19 years of dedicated service to the company.
Motors and Controls Corporation (MCC) demonstrates their dedication to making business easier for their customers by leveraging IDEA Connector to provide the most accurate and timely product data, minimizing order errors and returns. Customers will have 24/7 access to the product information they need to market and sell to their customers, and they can be confident that information is accurate and validated against industry standards.
Red Lion Controls, an operating company of UK-based Spectris plc, is pleased to announce the acquisition of MB connect line GmbH, a leading provider of secure connection of machines and plants for remote access, data collection, and M2M-communication. The addition of MB connect line supports Red Lion’s strategy to deliver secure, easy-to-use edge connectivity solutions – enabling organizations worldwide to gain secure real-time data visibility that drives productivity.
Hammond Manufacturing is pleased to announce the addition of two new manufacturer representative appointments. Since 2020, Federal Cable has represented Hammond’s Rack Mounting Solutions product division for Tennessee, Georgia, Alabama and the Florida Panhandle. Effective April 18, 2022, Hammond was selected by Texas-based Vertical Datacom Inc, to represent Hammond’s Rack Mounting Solutions product division for Texas, Arkansas, Oklahoma, Louisiana and New Mexico.
Littelfuse, Inc., an industrial technology manufacturing company empowering a sustainable, connected, and safer world, recently announced it has entered into a definitive agreement with an affiliate of Sun Capital Partners, Inc. to acquire C&K Switches at an enterprise value of $540 million.
FRABA’s CEO and majority shareholder, Christian Leeser has announced the sale of FRABA’s VITECTOR business unit to CEDES, a Swiss technology company specializing in sensor systems for elevators, escalators, and industrial doors.
Cummins Inc. and Meritor, Inc. recently announced that they have entered into a definitive agreement under which Cummins will acquire Meritor, a global leader of drivetrain, mobility, braking, aftermarket and electric powertrain solutions for commercial vehicle and industrial markets. Under the terms of the agreement, Cummins will pay $36.50 in cash per Meritor share, for a total transaction value of approximately $3.7 billion, including assumed debt and net of acquired cash.
Danfoss Power Solutions has rebranded its Walterscheid series of tube fittings. Following its acquisition of Eaton’s hydraulics business, Danfoss plans to continue investing in the product line under the new name Waltech. The Waltech name better aligns with the three connection systems that are part of the series: Walpro®, Walring™ and Walform®. The new name highlights the series’ leading technology and marks a new era of engineering innovation under Danfoss ownership.
Rittal Systems Ltd. Canada, congratulates Andreas Ruzic, Executive Vice President of Rittal North America, on his additional appointment as Chief Executive Officer of Rittal USA. This position adds operational management responsibilities to his current role of Executive Vice President of Rittal North America. In his expanded role, he will lead an executive team responsible for the growth of the business as well as the company’s operations, manufacturing, sales, and administrative functions.
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.
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.
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.
ABB is pleased to announce Tyrone Varga’s nomination as head of its Large Motors & Generators Division in Canada. Tyrone will be responsible for leading the efforts to support the Sales & Marketing for Large Motors and Generators and integrate with ABB’s existing Motion business team.
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.
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.
OTTO Motors, a leading provider of autonomous mobile robots (AMRs), and Siemens Canada, a leader in the global digital transformation in industry and a division of Siemens AG, have announced a new partnership.
This project is funded [in part] by the Government of Canada.
Ce projet est financé [en partie] par le gouvernement du Canada.
