News » World News Melrose sells Marelli to the Carlyle Group for €212m
The UK-based engineering turnaround specialist Melrose Industries is selling its Italian motors and generators business, Marelli Motori, to the Carlyle Group for €212m in cash. The disposal is conditional on anti-trust approvals and is expected to complete in August 2013.
Ulrich Spiesshofer succeeds Joe Hogan as ABB’s CEO
ABB has announced that Ulrich Spiesshofer, currently head of its Discrete Automation and Motion (DM) division, will succeed Joe Hogan as chief executive officer on September 15, 2013. Hogan, who announced his resignation in May, will continue with ABB for some months as a senior advisor to the board.
Traction motor industry faces ‘a very nasty surprise’
A new market study has condemned manufacturers of electric traction motors as being “an industry structured for the past that is going to have a very nasty surprise when the future comes”.
Relays sales shrank in 2012, but will recover in 2013
After two years of double-digit growth, the global market for electromechanical and solid-state relays dropped by $125m (3.6%) last year to around $3.35bn, according to a new report from IMS Research, now part of IHS.
Vacon drives ‘saved a day of global electricity output in 2012’
The Finnish drives-maker Vacon estimates that its AC drives products saved their users about 50TWh last year – the equivalent of 20 hours of global electricity production, or the annual output from nine 700MW nuclear reactors, or the annual electricity consumption of about 11 million European homes.
Ethernet use in process automation will double in five years
The number of industrial Ethernet nodes used in the process sector could almost double between 2011 and 2016, as the technology challenges “traditional” fieldbuses in networking applications, says a new study from IMS Research, now part of IHS.
Siemens appoints new CEO for Motion Control business
Robert Neuhauser has been appointed CEO of Siemens’ Motion Control (MC) systems business, succeeding Uwe Frank, who is becoming CEO of Siemens’ Control Products & System business in its building technologies division in Switzerland.
Competition aims to find world’s most efficient motors
A global awards scheme aimed at the finding the world’s most efficient electric motors has been announced by Clean Energy Ministerial – a global forum that brings together many leading economies with the aim of sharing best practices and promoting policies and programmes that encourage the transition to cleaner energy technologies.
Europe’s machine-tool exports hit a record – but home sales shrink
Machine-tool production in Europe grew by 6% in 2012 to reach a total of €22.2bn and is expected to expand again slightly this year to reach €22.5bn, according to the latest figures from the sector’s trade body, Cecimo. Most of the 2012 growth came from exports with some manufacturers, especially in southern Europe, now relying entirely on exports.
World’s number 2 motor-maker slims down its brands
Regal, which claims to be the world’s second-largest motor-maker, is consolidating its global activities into four main brands – Marathon, Leeson, Fasco and Genteq.
Eastern Europe offers growth potential for packaging machinery
The European packaging machinery market was worth more than $12.62bn in 2012 and will reach $14.63bn by 2016, according a new report from the market analyst, Frost & Sullivan.
Toshiba buys Canadian motor-maker
Toshiba International (TIC) is acquiring the assets and intellectual property of Elettra Technology (ETI), a Canadian manufacturer of custom industrial motors, including assets of the former Westinghouse Motor Company Canada.
EU demand for gearboxes and geared motors set to slump
Sales of industrial gearboxes and geared motors in the Emea (Europe, the Middle East and Africa) region will fall by 4.2% this year, according to a new report from IMS Research, now part of IHS.
German merger could revolutionise panel-building
A merger between two German engineering companies could revolutionise the way that control and switchgear cabinets are designed and built, with much of the process being automated – from the initial circuit design to final assembly of the wiring using robotic machines.
Car-makers turn to brushless DC motors
Car-makers are turning increasingly to brushless DC motors instead of brushed DC and stepper motors, according to a new study from IMS Research, now a part of IHS. It predicts that shipments of brushless DC motors will increase by 52% between 2012 and 2017 to reach a total of more than 462m.
