Business

PTC has announced that it has established a strategic supplier relationship with Volkswagen Group, focused on the adoption of PTC’s Codebeamer application lifecycle management (ALM) solution to support the software development for the next generation of electric vehicles from the Volkswagen Group and its brands.

Bruker’s revenues for the third quarter of 2023 were $742.8 million, an increase of 16.3% compared to $638.9 million in the third quarter of 2022.

Faro Technologies recorded sales of $86.8 million in the third quarter 2023, up 2% year over year.

In the third quarter 2023, the index of machine tool orders compiled by the Economic Studies Department & Business Culture Centre of UCIMU highlighted a 19.9% drop compared to the period July-September 2022.

Ai Build raised $8.5 million in the Series A funding round led by IQ Capital, with participation from Nikon as a strategic investor alongside its existing investors.

In the first quarter, which ended September 30. Renishaw revenue was £164.5m, compared to £179.9m for the corresponding period last year, representing a 9% reduction and a 6% reduction at constant currency.

Acuren, an industry leader in nondestructive testing (NDT), inspection, engineering, and rope access integrated services, has acquired Alloyweld Inspection.

This total, as reported by companies participating in the Cutting Tool Market Report collaboration, was up 16.2% from July’s $188.6 million and up 4% when compared with the $210.9 million reported for August 2022.

Significant investment strengthens idealworks’ competitive position to become the powerhouse of industrial automation.

Machine Labs investment will be used to meet accelerating customer demand, to further intensify research initiatives, and to continue delivering innovative solutions that exceed customer expectations.