Renishaw has increased its first-quarter financial year profits by 22% to £34m ($44.2m). Revenues for the period were up 6% to £173.9m ($226.1m) for the three months ending 30 September, with manufacturing technologies revenue up 7% at £167.5m ($217.8m).
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SEAT S.A. chooses Hexagon’s advanced digital twin manufacturing technology to optimise processes for greater efficiency and reduced waste
Strategic collaboration encompasses the digitisation of manufactured vehicle components, advanced process simulation, data management, and reporting for the entire organisation.
Eigen Innovations, a provider of AI-driven industrial inspection and automation solutions, has successfully closed $2.6M in its latest round of equity financing. The new capital will accelerate the company’s growth in promoting its AI-enabled thermal inspection solutions that address the unique demands and challenges of automating in-line inspections where other solutions fall short.
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Hitachi Ltd. has completed the acquisition of MA micro automation GmbH a leading provider of robotic and automation technology. MA micro automation will be under operation of JR Automation Technologies, LLC to grow the company’s reach in the global advanced automation market in,Europe, North America, and Southeast Asia.
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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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