Siemens has signed an agreement to acquire Altair Engineering Inc., a leading provider of software in the industrial simulation and analysis market. Altair shareholders will receive USD 113 per share, representing an enterprise value of approximately USD 10 billion. The offer price represents a 19 percent premium to Altair's unaffected closing price on October 21, 2024, the last trading day prior to media reports regarding a possible transaction. With this acquisition Siemens strengthens its position as a leading technology company and its leadership in industrial software.

A new website that includes thousands of shaft collars, couplings, and innovative mechanical components which are now available for sale online has been introduced by Stafford Manufacturing Corp. of Wilmington, MA.

Wintriss Controls Group has added flexible and affordable purchase options for ShopFloorConnect OEE, Production Tracking, and Data Collection software, which allows users to quickly and easily leverage data from their machines. ShopFloorConnect is an on-premises software solution that provides timely, accurate, and unbiased data directly from the shop floor for making informed management decisions. Wintriss received a positive response when it debuted the new start-up purchase packages and options at Fabtech 2024. It will also be presenting the packages at Pack Expo 2024, Booth # LU-8431 McCormick Place, Chicago Illinois from November 3 – 6 this year.

Motion Industries, Inc. has signed a definitive purchase agreement to acquire the operating assets of Canadian-based Stoney Creek Hydraulics. The transaction is expected to close at the end of October, subject to customary closing conditions.

State-of-the-art doesn’t begin to describe ABB’s revamped robotics and training facility in Auburn Hills, MI. The upgraded factory serves as a U.S. hub for developing AI-enabled technology helping businesses respond to labor shortages, global uncertainty and sustainable manufacturing. 

In recent years, the power engineering manufacturing industry has been undergoing a significant modernization movement, driven by the rapid advancement of robotics, automation, and artificial intelligence. Amazon's recent announcement of its in Shreveport, Louisiana, serves as a prime example of this revolution in action. 

Hottinger Brüel & Kjær (HBK) officially launched Advantage Insights empowered by nCode (Advantage Insights), their latest data analysis tool. Advantage Insights offers a powerful, intuitive solution designed to unlock the full potential of engineering data, by speeding up and simplifying the process of handling this data. Some of the key benefits include:

Global technology, software and engineering leader Emerson will exhibit its latest Floor to Cloud packaging solutions at Pack Expo Chicago, November 3-6, 2024. Advancing the boundless future of automation, Emerson factory automation solutions and its Floor to Cloud approach empower smarter packaging lines and more efficient processes that make it possible for manufacturers to continuously improve plant productivity, sustainability and safety. 

SICK, international provider of sensor-based automation solutions, has received a Platinum medal in the EcoVadis sustainability ranking. This places SICK among the top 1 percent of more than 130,000 companies worldwide that have been evaluated in the past 12 months. EcoVadis is a leading rating provider in the field of CSR (Corporate Social Responsibility) and focusses on transparent and independent review and evaluation of the sustainability management of participating companies.

Bell-Everman announces that its latest generation of ServoBelt Linear actuators features a design enhancement that simplifies the assembly and installation of long-travel motion systems including gantry and linear robots. The new design, which involves the lower static toothed belt, also strengthens ServoBelt’s ability to non-destructively withstand high-force events, such as carriage crashes.