Business

2024 was a milestone year for FARO, marking its first double-digit adjusted EBITDA margin since 2018 and the first time in over a decade to exceed 11% adjusted EBITDA margins for the full year.

Wooptix, a leader in semiconductor metrology leveraging wavefront phase imaging technology, has raised over €10 million in a Series C funding round.

Orders of manufacturing technology, measured by the U.S. Manufacturing Technology Orders totaled $513.8 million in December 2024, the highest level since March 2023.

Renishaw has announced its half-year results for the six months ended 31 December 2024, Renishaw reported revenue of £341.4m, up from £330.5m during the prior period. Pre-tax profit increased to £57.5m from £56.5m. Renishaw commented “steady progress in mixed trading conditions”.

UVeye is redefining the standard for vehicle inspections, and this investment from Woven Capital, Toyota’s growth fund, underscores the global shift towards automated and AI-driven solutions

In the fourth quarter 2024, the index of machine tool orders, compiled by UCIMU, showed an 11.4% increase compared to the period October-December 2023.

Nova has announced that it completed the acquisition of Sentronics Metrology GmbH, a privately held company headquartered in Germany. The transaction is valued at approximately $60 million, paid in cash.

Robotics and automation in Germany have lost competitiveness: the industry is forecasting total sales of minus 9 percent to 13.8 billion euros for 2025. Last year, companies closed with sales of minus 6 percent to 15.2 billion euros.