Zurich, Switzerland – ABB 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 (€62.01 million)] in 2021. Financial terms of the transaction were not disclosed. The transaction is expected to close in the second quarter of 2023. (more…)
August 16, 2022
Posted by: Janmesh Chintankar
Smart factories are no longer science fiction, says I4MS – ICT Innovation for Manufacturing SMEs, The European Commission initiative to digitalise the manufacturing industry. It reports that 5G technologies, smart sensors, artificial intelligence, additive manufacturing, and automation are now available and ready to transform European manufacturing’s small to medium-sized enterprises (SMEs) into the most efficient, productive, and sustainable factories. (more…)
August 9, 2022
Posted by: Shriya Raban
02 August, 2022 – Camarillo, United States , & Vancouver, Canada – Semtech Corporation, a global supplier of high-performance analog and mixed-signal semiconductors and advanced algorithms, and Sierra Wireless, Inc., a Internet of Things (IoT) solutions provider, announced a definitive agreement under which Semtech will acquire all outstanding shares of Sierra Wireless for [$31 per share (€30.43 per share)] in an all-cash transaction representing a total enterprise value of approximately [$1.2 billion (€1.18 billion)], subject to customary closing conditions. (more…)
August 3, 2022
Posted by: Janmesh Chintankar
London, UK – Wireless Logic, the global IoT connectivity platform provider has acquired Mobius Networks for an undisclosed sum. Mobius is a mobile virtual network operator, providing data connectivity services for Internet-of-Things (IoT) and Machine-to-Machine (M2M) applications. This agreement marks the latest step in Wireless Logic’s business expansion following the recent acquisition of Jola. (more…)
July 26, 2022
Posted by: Shriya Raban
Derby, England. 6 July 2022 – Cloud-led digital transformation managed services provider (MSP) Node4, has announced the acquisition of risual, an IT managed services and solutions provider and Microsoft Azure Expert MSP employing 170 staff in the UK. As a Microsoft Expert for 17 years, risual has deep solution and service knowledge across Microsoft platforms and a specialist in transforming clients in cloud, business and digital. The terms of the transaction were not disclosed. (more…)
July 8, 2022
Posted by: Shriya Raban
New York, USA. 23 June 2022 – Accenture and Johnson Controls, the global provider of smart, healthy and sustainable buildings, are collaborating to deliver and operate two new OpenBlue Innovation Centres. (more…)
June 24, 2022
Posted by: Shriya Raban
Rueil-Malmaison. France. 13 June 2022 – Schneider Electric, the specialist in the digital transformation of energy management and automation, announced the launch of Cybersecurity Solutions for Buildings, a solution that helps all buildings customers secure their building management systems (BMS) to protect their people, assets and operations. (more…)
June 23, 2022
Posted by: Shriya Raban
Malvern, PENN., USA. 21 June, 2022 – Rajant Corporation, a specialist in Kinetic Mesh wireless networks, has promoted Diana Logue to become Rajant’s chief operating officer (COO). The company reports that this appointment furthers Logue’s expert impact on Rajant’s day-to-day tasks, supporting staff and the Rajant sales channel. (more…)
June 21, 2022
Posted by: Janmesh Chintankar
London, United Kingdom. 08 June, 2022 – ExtraHop, the provider in cloud native network detection and response, announced that Brewin Dolphin, Britain’s investment management and financial planning firms, has selected ExtraHop Reveal(x) 360 to help defend against advanced threats through complete visibility, real time detection, and investigation across their technology environment. (more…)
June 6, 2022
Posted by: Janmesh Chintankar
Hampshire, UK. 6 June 2022 – A new study from Juniper Research has found the value of enterprise cybersecurity spend will exceed $226 billion (€210.65 billion) in 2027; up from $179 billion (€166.85 billion) in 2022. (more…)
Posted by: Shriya Raban