Business

The ZEISS Group continued its dynamic revenue growth. In fiscal year 2022/23, revenue rose to over 10 billion euros for the first time in the company’s history (prior year: 8.8 billion euros, up 15%).

Hexagon AB has entered into an agreement to sell its Tesa PMI (Precision Measurement Instruments) business to Hangzhou Great Star Industrial Company Ltd.

Testing components in the remanufacturing process is one of the most important steps in determining which components can be reused – it defines the lifespan and quality of the product.

Despite a more optimistic outlook, orders for manufacturing technology, measured by the USMTO report, continued to fall relative to 2022. Through October 2023, orders totaled $4.05 billion, 13.5% behind the total for the first 10 months of 2022.

Braincube, a manufacturing data software platform with specialist industrial applications, has raised €83 ($90) million  of growth equity investment. The investment was led by Scottish Equity Partners (SEP).  

Across its Gloucestershire and South Wales sites in the UK, global engineering technologies company, Renishaw, has opened applications for 64 apprenticeship roles. The company offers an award-winning apprenticeship programme, where apprentices gain nationally recognised qualifications, some up to degree level, alongside on-the-job experience.

The Association For Manufacturing Technology (AMT) has reported India’s machine tool industry is steadily growing in a recently published news article. Consumption in the fiscal year (April 2022 through March 2023) grew by 55% to $3 billion.

Manchester Metrology, the foremost independent provider of portable metrology equipment and measuring services in the UK, has recently disclosed its acquisition of Apex Metrology.

Universal Robots, the global leader in collaborative robotics, has announced that high demand for its new UR20 cobot has led the company to accelerate production timelines.