Business

The Board of Directors of Hexagon AB has announced that Paolo Guglielmini will step down from his position as Hexagon’s President and CEO. The Board sees a new leadership approach as essential to steer the company through its next phase.

Orders received by the German machine tool industry in the third quarter of 2024 were 16 percent down on the same period last year. Orders from Germany fell by 17 percent whereas export orders dropped by 15 percent.

With our recent product launches, including the Quantum X Arm and next generation Focus Premium Max Laser Scanner, we are excited about the actions we are taking to drive organic revenue growth over the longer term.

Cintoo, a provider of cloud-based Reality Data management and collaboration solutions, has successfully closed a €37 million Series B funding round.

Merck KGaA, Darmstadt, Germany, a leading science and technology company, has intensified the strategic focus of its electronics business, which operates in the United States and Canada as EMD Electronics, on solutions for the semiconductor industry. This is ensured by the strategic convergence of the display and semiconductor business units, as well as by the expansion of the portfolio through the now completed acquisition of Unity-SC

AMETEK has announced the acquisition of Virtek Vision International, a leading provider of advanced laser-based projection and inspection systems.

SDI Group PLC, focused on companies which design and manufacture specialist lab equipment, industrial & scientific sensors and industrial & scientific products, has announced the acquisition of InspecVision Limited, a designer and manufacturer of computer vision-based measurement systems for industrial applications, for a net consideration of 6.1 million pounds.

Altair, a global leader in computational intelligence, has announced that it has entered into a definitive agreement to be acquired by Siemens. Altair stockholders will receive $113.00 per share in cash, representing an equity value of approximately $10.6 billion.

Orders of manufacturing technology, measured by the U.S. Manufacturing Technology Orders (USMTO) report published by AMT – The Association For Manufacturing Technology, totaled $360.8 million in August 2024.