Business

Shipments of cutting tools, measured by the Cutting Tool Market Report totaled $220.7 million in January 2026. Orders increased 2.7% from December 2025 and were up 9.9% from January 2025.

UK Based Loop Technology recently announced the launch of Loop Technology US Inc., marking a significant step in the company’s international expansion. Headquartered in Seattle, Washington, the new entity is strategically positioned to provide the US market with full access to Loop Technology’s suite of products and services.

Octave, the potential software spin-off from Hexagon AB, has unveiled its new brand identity, marking a major step toward its transition into an independent company. Comprised of Hexagon’s Asset Lifecycle Intelligence and Safety, Infrastructure & Geospatial divisions, alongside the Bricsys, ETQ and Projectmates businesses, Octave’s brand signals a clear vision of purpose and mission to unleash intelligence at scale.

Nikon Corporation has announced that it has made an investment in Trener Robotics, based California, United States hrough the NFocus Fund*. Trener Robotics’ total funding to date is over $38 million. The new capital will be used to accelerate Trener’s T-Labs R&D, new skill training, global talent acquisition, and market and partner expansion.