Liebherr will be sharing its latest news, products, services, and innovations for the mining sector at the world’s largest mining exhibition, MINExpo International, this September. Visitors will experience over 29,000 sq. ft of Liebherr exhibits at Booth #7832. Daily masterclasses and live demonstrations will take place at the Liebherr booth each day, showcasing the company’s latest product updates and providing insights into these technologies and services with the latest information from the field. 

Motion Industries, Inc., a distributor of maintenance, repair and operation replacement parts, and a premier provider of industrial technology solutions, signed a definitive purchase agreement to acquire the operating assets of Canadian-based LSI Supply Inc. and its sister company 273 Ontario (which trades as LSI). The transaction is expected to close later this month, subject to customary closing conditions.

SKF has signed an agreement to acquire John Sample Group’s (JSG) Lubrication and Flow Management businesses. JSG is a well-established provider of lubrication management systems and services. The acquisition further strengthens SKF’s offering in an identified growth segment, as well as its business operations in the expansive India and South-East Asia (ISEA) region.

As the world celebrates the Olympic Games this month, Vesconite Bearings is reminded of a remarkable achievement in its history—the production of the largest bearing it has ever created. 

Dr. Fritz Faulhaber GmbH & CO. KG with headquarters in Schönaich has received the TOP 100 Seal 2024. Science journalist Ranga Yogeshwar has been a mentor of the competition for 12 years and personally congratulated Faulhaber on this success at the award ceremony on June 28.

The company Norelem, a global manufacturer and supplier of standard components for mechanical engineering and industrial applications, is set to open a new facility in the United States. This expansion represents a significant step in Norelem's international growth strategy and its commitment to better serving its customers in the United States.

Forty-five percent of the world’s electricity is used to power electric motors in buildings and industrial applications. By 2030, this cost is projected to reach $900 billion annually. Lowering CO₂ emissions and increasing energy efficiency is critical for our planet, but also for ensuring stable and productive industry operations, lowering operating costs and total costs of ownership. To help motor operators better understand the financial and environmental benefits of upgrading current and end-of-life industrial electric motors, ABB has developed its NEMA motors Energy Savings Calculator.

The Timken Company has agreed to acquire CGI Inc., a Nevada-based manufacturer of precision drive systems serving a broad range of automation markets with a concentration in medical robotics. The deal is subject to customary closing conditions, including regulatory approval, and is expected to close in the third quarter.

Soft Robotics Inc. announced the divestiture of its gripper business assets to the Schmalz Group for an undisclosed sum. The company also announced that it has reformed as Oxipital AI, with a mission to deliver its transformative AI technology to customers in critical industries, enabling an entirely new generation of resilient, efficient, and sustainable manufacturing.

Siemens Digital Industries Software recently announced that Panasonic Corporation (“Panasonic”) has started to adopt its Teamcenter X software, a Software-as-a-Service (SaaS) cloud product lifecycle management (PLM) solution from the Siemens Xcelerator portfolio of industry software to accelerate its digitalization in product development and design.