Business

The Association For Manufacturing Technology (AMT) has reported India’s machine tool industry is steadily growing in a recently published news article. Consumption in the fiscal year (April 2022 through March 2023) grew by 55% to $3 billion.

Manchester Metrology, the foremost independent provider of portable metrology equipment and measuring services in the UK, has recently disclosed its acquisition of Apex Metrology.

Universal Robots, the global leader in collaborative robotics, has announced that high demand for its new UR20 cobot has led the company to accelerate production timelines.

SiLC, a leader in silicon photonics, has announced $25 million in additional funding to bring the total funding proceeds to date, from its Seed and Series A, to $56 million.

Augmentus pioneers intelligent, no-code computer vision and robot motion planning, enabling industrial robot programming in minutes

Though 2023 manufacturing technology orders are down, activity is still above long-term historical averages, indicating relative health overall

Divergent Technologies funding round was led by a $100 million investment from Hexagon AB and included participation from new and existing institutional and family office investors.

Sandvik recently announced it is acquiring a minority stake in the privately owned German company up2parts, a closed loop manufacturing software start-up with the aim of commercializing software that optimize manufacturing processes.