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Solve Industrial Motion Group (Solve), a manufacturer and seller of bearings and power-transmission component parts, announced the acquisition of SPB-USA, LLC., a factory-direct sales and marketing company of Sapporo Precision, Inc., the manufacturer of EZO Precision Ball Bearings.
Forest City Gear recently completed and passed its annual AS9100/ISO 9001:2015 quality system audit. The third-party audit company, Quality Systems Registrar (QSR), evaluated Forest City Gear’s quality management systems to ensure compliance with AS and ISO standards.
Tompkins Robotics announced its 2022 annual revenue increased by 93 percent from the prior year. The company launched key technological advancements, including the tSort3D, the xChange system, and their new tSort Induction Lift, as well as subscription financing models. The company also experienced 23 percent employee growth for the same period.
Velo3D, Inc. has announced Visser Precision, a contract manufacturer serving major industries from the racetrack to outer space, has purchased and received two Sapphire printers to expand its 3D-printing capabilities for its aerospace customers. One of the printers delivered is the first Sapphire printer calibrated for Haynes 214 (UNS N07214), a nickel-based superalloy that is now available as a powder option for all Velo3D customers. The other Sapphire printer is calibrated for Inconel 718, which is commonly used in many aerospace and industrial applications for its high strength and corrosion resistance.
Southern Gear, a veteran-owned small business specializing in the manufacture of precision gears, is pleased to announce its certification as a Historically Underutilized Business Zone (HUBZone) business by the United States Small Business Administration (SBA).
The Metal Powder Industries Federation (MPIF) has announced the release of the 2023 PM Industry Roadmap. The update reviews current and future demands of key markets and identifies the technical barriers, challenges, opportunities, and priorities that will drive the powder metallurgy (PM) industry's continued growth.
Nidec Leroy-Somer has signed an agreement with Airbus to develop an electric motor for its hydrogen-powered fuel cell engine prototype, as part of Airbus’ ambition to bring the first zero-emission commercial aircraft to market by 2035. The long-standing expertise and extensive know-how of the French electric motor manufacturer, who already provides proven advanced technologies to many demanding industries, such as Navy, Nuclear, Railway, Automotive and Robotics is now collaborating on Aviation decarbonization.
After receiving approval from the antitrust authorities, Bosch Rexroth has completed the acquisition of hydraulic specialist HydraForce on February 3. The acquisition of the Lincolnshire, Illinois (USA) based company was announced in July 2022. It strengthens Bosch Rexroth's footprint in North America and expands its distribution network to provide customers with a wide range of compact hydraulics solutions on a global scale.
Bonfiglioli has agreed to acquire Selcom Group from funds controlled by Avenue Capital Group and Europa Investimenti. Selcom Group specializes in the design, production and sale of electronic boards, electronic products, as well as software and solutions for customers in the industrial, biomedical, automotive, intra-logistics and home-appliance automation sectors.