Latest Dimensional Metrology, Inspection and Quality News
As a consequence of changes in strategic direction at Sandvik, the engineer-to-order business of DWFritz Automation has been divested and the decision to seek an exit of the minority stake in AM company BEAMIT has been made.
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Nano Dimension and Markforged have jointly announced that they have entered into a definitive agreement pursuant to which Nano Dimension will acquire all outstanding shares of Markforged in an all-cash transaction for $5.00 per share. The aggregate total consideration payable to Markforged’s shareholders is $115 million.
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The just released new World Robotics report recorded 4,281,585 units operating in factories worldwide – an increase of 10%. Annual installations exceeded half a million units for the third consecutive year.
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Shipments of cutting tools, measured totaled $191.8 million in July 2024. Orders decreased 7.8% from June 2024 but were up 1.7% from July 2023. Year-to-date shipments totaled $1.46 billion, up 2.5% from shipments made in the first seven months of 2023.
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Orders of manufacturing technology, measured by the U.S. Manufacturing Technology Orders (USMTO) report published by AMT – The Association For Manufacturing Technology, totaled $321.7 million in July 2024.
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ModuleWorks, a leading innovator in toolpath generation and simulation software for digital manufacturing, and Toolpath, a developer of a new cloud-based, AI-driven manufacturing workflow automation platform, have signed a multi-year technology partnership.
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Renishaw has reported record revenue for its 2024 financial year of £691.3m (FY2023: £688.6m) and 0.4% higher than FY2023 which was boosted by a strong final quarter. Revenue at constant exchange rates, excluding the impact of forward contracts, was £25.4m (3.7%) higher than the previous year with good revenue growth from systems sales, offset by weaker demand from the semiconductor sector for position measurement products.
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Cerrion, a developer of video AI for industrial automation, has announced the completion of a $5 million funding round. The investment will fuel Cerrion’s mission to transform the $12 trillion global manufacturing industry, using AI technology to tackle the current 20% production loss caused by labor shortages and late detection of issues.
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Strategic investment will accelerate the growth and development of Interspectral’s digital twin solutions, which are transforming the landscape of smart manufacturing in Industry 4.0, with a special focus on enhancing metal additive manufacturing aka 3D printing.
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Automated Industrial Robotics Inc. (AIR) has announced the acquisition of Sewtec Automation, a leading industrial automation company based in the UK.
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