Business

Renishaw has reported record revenue for its 2024 financial year of £691.3m (FY2023: £688.6m) and 0.4% higher than FY2023 which was boosted by a strong final quarter. Revenue at constant exchange rates, excluding the impact of forward contracts, was £25.4m (3.7%) higher than the previous year with good revenue growth from systems sales, offset by weaker demand from the semiconductor sector for position measurement products.

Cerrion, a developer of video AI for industrial automation, has announced the completion of a $5 million funding round. The investment will fuel Cerrion’s mission to transform the $12 trillion global manufacturing industry, using AI technology to tackle the current 20% production loss caused by labor shortages and late detection of issues.

Strategic investment will accelerate the growth and development of Interspectral’s digital twin solutions, which are transforming the landscape of smart manufacturing in Industry 4.0, with a special focus on enhancing metal additive manufacturing aka 3D printing.

Automated Industrial Robotics Inc. (AIR) has announced the acquisition of Sewtec Automation, a leading industrial automation company based in the UK.

Orders received by the German machine tool industry in the second quarter of 2024 were 28 percent down on the same period last year. Orders from Germany fell by 13 percent whereas those from abroad dropped by 33 percent.

A2LA has released a call for speakers to present at the 2025 A2LA Annual Conference in Dallas, Texas. Speaker submissions should demonstrate a presenter’s ability to speak dynamically on their topic of expertise as well as showcase their dedication to quality, compliance, and competency.

Orders of manufacturing technology, measured by the U.S. Manufacturing Technology Orders (USMTO) report published by AMT – The Association For Manufacturing Technology, totaled $402.3 million in June 2024.

Liberty Robotics provides 3D volumetric vision guidance systems for robotic applications. Liberty Robotics’ systems improve manufacturing, material/part handling, and logistics operations that are performed in industrial environments.

Nikon Corporation and Nikon Advanced Manufacturing Inc., the global headquarters of Advanced Manufacturing business unit located in California, U.S., have announced the inauguration of the Nikon AM Technology Center in Long Beach, California.

The investment environment is improving only gradually, as inflation is proving more persistent than the central banks had hoped. The pace of interest rate cuts is therefore slower than in previous cycles. This delay means that the dampening effects of high interest rates will last longer and, as a result, there will be a time lag before machinery and equipment customers are in the mood to invest.