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ABB recently announced it has signed an agreement to purchase Siemens’ low voltage NEMA motor business. With manufacturing operations in Guadalajara, Mexico, this acquisition provides a well-regarded product portfolio, a longstanding North American customer base, and an experienced operations, sales, and management team. The business employs around 600 people and generated revenues of approximately $63 million in 2021. Financial terms of the transaction were not disclosed. The transaction is expected to close in the second quarter of 2023.
The Power Transmission Distributors Association (PTDA), the leading association for the industrial power transmission/motion control (PT/MC) distribution channel, welcomes a new member company, MEM Industrial.
The California Air Resources Board (CARB) recently opened the second round of its Clean Off-Road Equipment Voucher Incentive Project (CORE), providing point-of-sale discounts on off-road zero-emission equipment. The project is administered by CALSTART and has $125M in funding available, more than double the amount allocated to the project when it first launched in January 2020. Originally only for freight, in 2022, CORE is expanding to include funding for the commercial harbor craft and agriculture and construction sectors.
AD is pleased to announce it has hired Kristen Abbas as vice president, AD Network Community, effective August 1, 2022. As VP, AD Network Community, Abbas will be responsible for managing, implementing, innovating, and expanding AD’s meeting and network ecosystem including additional opportunities for peer-to-peer engagement opportunities for AD members. Abbas will report to Marty McLaughlin, chief marketing officer.
Workforce stability, consistency, and reliability are the hallmarks of an excellent ERP software provider. Global Shop Solutions, a leading provider of ERP software for manufacturers in nearly 30 industries, is proud to celebrate 10 years of dedicated service from Michelle Brown, Project Manager for the company’s U.K. office.
After receiving all the official approvals, Voith successfully completed the acquisition of the majority shares of Argo-Hytos Group on August 2, 2022. Argo-Hytos, based in Switzerland, develops and produces components for hydraulics and system solutions with a focus on the off-highway sector (agricultural tractors, construction equipment and material handling vehicles).
FANUC America announces a West Campus expansion that will push its operational space in Oakland County, Mich. to nearly two million square feet. The construction will include a 655,000 square foot state-of-the-art facility to house manufacturing, engineering and R&D projects.
Questex’s Sensors Converge recently announced it brought 5,000 attendees from over 40 countries together in-person June 27-29 at the McEnery Convention Center in San Jose, California to network, discover technologies, share ideas and define the future roadmap of the sensors and electronics industry.
The Tungsten Industry Conflict Minerals Council announced the release of an updated version of its Tungsten Framework document. The Tungsten Industry—Conflict Minerals Council (TI-CMC or “the Council”) is a framework through which its members can provide industry stakeholders, downstream tungsten consumers with conflict mineral reporting and disclosure obligations, and the public at large with their assurances that the tungsten products they supply are sourced in accordance with the relevant OECD Guidance, appropriate US laws such as Section 1502 of the Dodd-Frank Wall Street Reform and Consumer Protection Act, and Regulation (EU) 2017/821 of the European Parliament and of the Council from May 17, 2017, and that the risks highlighted in this guidance are assessed and mitigated as appropriate.