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31 January, 2023

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ABB slims down to four divisions to save $1bn

09 September, 2015

ABB has announced plans to slim down from five divisions to four as part of a programme aimed at delivering $1bn of white-collar cost savings across its 140,000-strong workforce. The main change – which will take effect from January 2016 – is to combine most of its Power Products and Power Systems divisions into a new Power Grids Division.

Free electrical design software targets smaller users

07 September, 2015

RS Components has launched a free electrical design software package which, it says, will bring the benefits of design software to those not already using electrical CAD (computer-aided design) tools. The global launch of DesignSpark Electrical follows RS’ earlier free packages, DesignSpark PCB (which has had 230,000 activations since its launch in 2010) and DesignSpark Mechanical (which has had 175,000 activations since its launch in 2013).

Nidec buys Florida motor controls manufacturer

02 September, 2015

The Japanese motor manufacturer Nidec has acquired the privately-owned US motor controls producer KB Electronics, for an undisclosed sum.

Industrial robot revenues head above $40bn

26 August, 2015

The global market for industrial robots will climb from $26.8bn in 2012 to reach $41.2bn by 2020, according to a new report from Allied Market Research. This represents a CAGR of 5.4% from 2013 to 2020. Allied attributes the rapid growth to a combination of demand for automation applications, and a reduction of duties on refurbished goods in the Asia-Pacific region.

Global sales of precision motors ‘will double by 2020’

20 August, 2015

The global market for precision electric motors will be worth $52.2bn by 2020 – more than double its 2013 value of $22.7bn – according to a new report from Transparency Market Research. This represents a CAGR of 12.7% between 2014 and 2020.

Security researchers find flaws in Ethernet switches

13 August, 2015

Cyber-security researchers in the US say that they have found security flaws in industrial Ethernet switches and gateways which could be used to attack industrial control systems in industries ranging from manufacturing to power generation. They have found vulnerabilities in four makes of Ethernet switch, but say that similar problems could exist in other devices.

IIC and IEEE join forces to develop IoT architecture

12 August, 2015

The Industrial Internet Consortium (IIC) and the IEEE Standards Association (IEEE-SA) have announced that they are collaborating to develop an architecture for an interoperable industrial Internet of Things (IoT).

Yaskawa sets up robot JVs with Chinese appliance-maker

11 August, 2015

The Japanese robotics and motion controls manufacturer, Yaskawa, is setting up two joint ventures with the Chinese domestic appliances giant, Midea, to produce robots in China. The partners plan to invest a total of 400m yuan ($63m) in the ventures, one of which will produce industrial robots, the other service robots.

Industrial robots have ‘contributed 10% to GDP growth’

06 August, 2015

The economic benefits of industrial robots installed since the early 1990s have been similar to those of the railways in the 19th century, US highways in the 20th century, and information and communications technologies more recently, according to a new analysis by two economics professors.

MV drive sales slump as commodity prices plummet

30 July, 2015

Global revenues from sales of medium-voltage variable-speed drives (MV VSDs) slumped by more than 10% during 2014 to reach a total of $2.5bn, as prices were eroded by a combination of increasing competition and lower demand.

Omron buys Delta Tau to boost its motion capabilities

30 July, 2015

The Japanese automation manufacturer Omron is buying the Californian motion control specialist Delta Tau Data Systems, as part of a strategy to enhance its factory automation technology and strengthen its position in the control devices market. Details of the transaction have not been released.

Columbus McKinnon buys Magnetek in ‘brain and brawn’ deal

28 July, 2015

The US materials-handling specialist Columbus McKinnon Corporation is buying the digital power and motion control manufacturer Magnetek for $188.9m. Columbus McKinnon describes the deal as “an excellent strategic and cultural fit between two market-leaders”, and says it will accelerate its plan to achieve $1bn in revenues.

Price pressures drive motor suppliers into new markets

23 July, 2015

Electric motor suppliers, uncertain about the effectiveness of energy efficiency legislation and facing increasing price pressures, are venturing into other product categories to remain competitive, according to a new report from IHS.

Schneider-Aveva deal creates ‘a global leader in software’

20 July, 2015

Schneider Electric has announced plans to perform a reverse takeover of the UK-based industrial software developer Aveva that will combine their software operations to create “a global leader in industrial software”. Schneider is paying £550m ($855m) towards the issue of new shares in Aveva, giving it a majority stake in the business.

European machine vision sales grew by 16% in 2014

17 July, 2015

The European machine vision market grew by 14% in 2014 to reach almost €5bn, according to new figures issued by VDMA Machine Vision, a trade body that represents more than 3,100 companies in this sector across Europe. A further expansion of 11% is forecast for 2015.

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