DCS Cummins to Acquire Meritor 1 400

Cummins to Acquire Meritor

 

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.

 

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Danfoss Power Solutions Renames Walterscheid Tube-Fitting Series to Waltech

 

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.

 

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Rittal Appoints Andreas Ruzic, EVP of Rittal NA, as CEO of Rittal USA

 

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.

 

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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.