Shipments of cutting tools, measured by the Cutting Tool Market Report compiled in a collaboration between The Association For Manufacturing Technology (AMT) and the U.S. Cutting Tool Institute (USCTI), totaled $212.5 million in October 2024.
Read Article →
Accredited Labs, a precision calibration and metrology service provider, has announced the acquisition of Quality Surveillance, Inc. (QSI), a premier ISO/IEC 17025:2017 accredited metrology laboratory based in Oxnard, California.
Read Article →
The ZEISS Group has anounced that its revenue increased to just under 11 billion euros and up 8% on the prior year with EBIT at 1,444 million euros (prior year: 1,686 million euros).
Read Article →
Orders of manufacturing technology, measured by the USMTO report published by AMT, totaled $385 million in October 2024, a 14.5% decrease from September. Year-to-date orders reached $3.74 billion, a decline of 7.5% compared to the first 10 months of 2023.
Read Article →
ANYbotics, a leader in AI-driven robotic inspection solutions, has raised an additional $60 million, bringing its total funding to over $130 million.
Read Article →
The financing round positions the company to accelerate the development and deployment of its main products – Eureka Controller and Eureka 3D Camera.
Read Article →
Transcat has acquired privately-held Martin Calibration Inc. The $79 million purchase price was paid in combination of $69 million in cash and $10 million in Trancat stock and is subject to certain customary adjustment and holdback provisions.
Read Article →
Robotics company Cybernetics Laboratory (CynLr), an Indian robotics innovator, has raised $10 million in Series A funding to advance its cutting-edge robotics solutions.
Read Article →
The engineering world is mourning the loss of Sir David McMurtry, the co-founder of Renishaw, who has passed away at the age of 84. Renishaw, a global leader in engineering and metrology, announced his sudden death with “profound sadness” on Monday, December 9, 2024.
Read Article →
East Coast Metrology has opened its Merritt Island, Florida office to better serve the fast-growing aerospace and advanced manufacturing sectors in the region. This new location positions ECM to deliver highly accurate metrology services locally, including cutting-edge measurement, alignment, and inspection solutions.
Read Article →