Business

Orders received by the German machine tool industry in the first quarter of 2024 were 24 percent down on the same period last year. Orders from Germany fell by 2 percent whereas export orders dropped by a more considerable 32 percent.

Realtime Robotics, a leader in collision-free autonomous motion planning for industrial robots, has announced that it has secured a strategic investment from Mitsubishi Electric Corporation.

The ZEISS Group has reported that it was able to continue its double-digit growth despite a challenging market environment in the first half of fiscal year 2023/24. The company continues to drive its investment strategy and transformation into a data- and process-driven organization.

NIL Technology (NILT), a world leading flat optics company, has raised €29 million in new capital. The investment was led by a syndicate of investors. Founded in 2006, NILT has been at the forefront of fabrication of advanced nanostructures and NILT is today vertically integrated within nanostructured flat optics (meta-optics).

In the first quarter 2024, the index of machine tool orders, elaborated by the Economic Studies Department & Business Culture Centre of UCIMU-SISTEMI PER PRODURRE, highlighted an 18.9% downturn over the period January-March 2023.

ModuleWorks, a leading innovator in toolpath generation and simulation technology for digital manufacturing, has announced the successful closure of its Strategic Partner Program (SPP) investment round. This marks a significant milestone in the company’s history, with industry leaders in the areas of CAD/CAM, CNC controls, machine tools and cutting tools joining the program as minority shareholders in ModuleWorks. Investing partners include Autodesk Inc., DMG MORI AG, DN Solutions, Kennametal, Mitsubishi Electric Corporation and PTC Inc. among others.

Orders of manufacturing technology, measured by the U.S. Manufacturing Technology Orders Report published by The Association For Manufacturing Technology(AMT) , reached $435.7 million in March 2024.

Elementary, an innovator in AI-powered machine vision, has announces a significant milestone in its mission to redefine manufacturing automation with its AI-powered vision inspection. Rockwell Automation, a global leader in industrial automation and digital transformation, makes a strategic investment, signifying strong support for Elementary’s visionary approach to elevating manufacturing quality standards.

Renishaw has reported third-quarter revenues of £172.4 million, marking a four percent increase over the average of the preceding two quarters. For the nine-month period, revenue totaled £502.9 million, compared to £522 million during the same period last year, reflecting a four percent decline at prevailing exchange rates.