Business

Within the triad of Europe, America and Asia, exports to America grew the fastest, increasing by 18 percent. This was driven primarily by the US, the second largest sales market overall for the Germans, accounting for a share of 15 percent.

GE Aerospace has announced plans to invest $650 million in its manufacturing facilities and supply chain this year to increase production and strengthen quality to better support its commercial and defense customers.

The L.S. Starrett Company has announced that it has entered into a definitive merger agreement in a go-private transaction with an affiliate of MiddleGround Capital in an all-cash transaction for $16.19 per share.

Rivelin Robotics has announced how it is leading a funded project that is set to deliver automated finishing of flight parts, orthopaedic implants and gas turbine components produced using metal additive manufacturing (AM) processes.

Figure, an AI robotics company developing general purpose humanoid robots, has announced that it has raised $675M in Series B funding at a $2.6B valuation.

RobCo, an expert in modular, affordable, and connected robotics automation solutions for SMEs has raised $42.5 million (Series B) from Lightspeed Venture Partners and additional investors to fuel its development and growth trajectory.

Sandvik has signed an agreement to acquire Cimquest, a US based reseller of Computer Aided Manufacturing (CAM) solutions and one of the largest resellers in the Mastercam network.

We are pleased with our improved financial performance and remain excited about the long term prospects of our integrated hardware and software solutions strategy to create customer value in our core markets,” said Peter Lau, President & Chief Executive Officer.

In an upside surprise, December 2023 manufacturing technology orders totaled $491 million, up nearly 22% from November 2023, and nearly 12% above December 2022.