News » World News Timken buys GGB Bearings from EnPro for $305m
The Timken Company is buying the metal-polymer plain bearings producer GGB Bearing Technology from EnPro Industries for $305m in cash. Timken says that GGB’s expertise in plain bearing coatings complements its own strong positions in roller and ball bearings. GGB's products are used mainly in industrial applications, including pumps and compressors, HVAC, off-highway, energy, material handling and aerospace.
€50m centre will include flexible motor production plant
Schaeffler is investing €50m in a new centre of excellence for electrified mobility at its Automotive Technologies headquarters in Bühl, Germany. The new complex will consist of two buildings connected by a bridge. It will cover a floor area of 15,000m2, providing space for around 400 employees to work collaboratively on customer projects and develop new systems for electric powertrains.
Magnax raises €20m to boost development of axial-flux motors
The Belgian axial-flux motor developer Magnax has raised a further €20m of funding which it plans to use to accelerate product development, expand its engineering team, and enhance support for its customers and partners. The latest funding, from two new investors, brings the total capital raised by Magnax to date to €36m.
‘Tripadvisor for industrial technology’ attracts €1m of funds
A Belgian start-up which calls itself the “Tripadvisor for industrial technology” has attracted €1m of capital from three investment funds to help roll out its online review site for industrial automation equipment. Called Qviro, the search platform helps industrial users to make informed purchasing decisions based on reviews from other users.
Distribution centre is one of the largest warehouses in US
Digi-Key Electronics, the US-based distributor which claims to offer the world’s largest selection of automation products and electronic components in stock for immediate shipment, has opened an 2.2 million square feet (204,000m2) expansion to its Product Distribution Centre, taking its total area to more than 3 million square feet (278,000m2). The $400m facility – one of the 10 largest warehouses in North America – will allow the company to pick, pack and ship nearly three times its previous daily average of 27,000 packages to customers in more than 180 countries around the world.
ABB buys Siemens’ LV Nema motors arm to boost growth
ABB has agreed to buy Siemens’ low-voltage Nema motors operation for an undisclosed sum. The business, which has manufacturing operations in Guadalajara, Mexico, produces motors mainly for the North America market. It employs about 600 people and last year generated revenues of around $63m.
Motion control sales rose by 21.6% in 2021, and prices too
The global market for motion controls – including servomotors, drives and controls – expanded by 21.6% during 2021 and will grow by a further 9.1% in 2022, according new research by Interact Analysis. This growth will continue until 2026, but at a slower pace, with a CAGR of 5.5%, according to Interact.
WEG buys Gefran drives for €23m to boost EU capacity
The Brazilian motion engineering and automation company WEG is buying the Motion Control business of the Italian automation and sensors manufacturer Gefran for around €23m.
Sick-Aeva deal brings 4D Lidar sensing to industrial apps
The German sensor-maker Sick has entered a multi-year collaboration with the US-based sensing technology specialist Aeva to bring its 4D Lidar technology to industrial sensing applications including long-range position and velocity sensing. The Aeries II technology is predicted to boost the reliability and efficiency of 3D measurements in demanding applications.
Soaring steel costs are hitting motor prices and lead times
Mushrooming demand for electrical steels for use in EV (electric vehicle) motors is pushing up prices and lengthening lead times for industrial and commercial motors, a market analyst is warning. The price of cold-rolled electrical steels – which represent about 20% of the material costs of a motor – has soared by more by 400% since January 2016, according to Interact Analysis. This has contributed to a 35-40% increase in the average selling price of motors since January 2020 and further rises could be on the way.
€23.5m motors factory in Portugal will include test lab
The Brazilian motor manufacturer, WEG, has revealed more details of the new factory that it is building in Portugal at a cost of €23.5m, which will double the size of its manufacturing operation in the town of Santo Tirso. The factory, due to be fully operational by 2024, will boost WEG’s workforce by 100 people, as well as creating what WEG is calling “Europe’s most complete testing laboratory” for MV (medium voltage) and HV (high voltage) motors and drives.
Schaeffler buys Ewellix for €582m, to boost its linear range
Schaeffler is buying the Ewellix Group – formerly SKF’s linear technology arm – for around €582m. This amount does not include transaction costs, nor Ewellix’s net debt of around €120m which Schaeffler will take on.
€100m machine automation campus will train 4,000 a year
ABB has opened a €100m global innovation and training campus at the headquarters of its Austrian machine and factory automation subsidiary, B&R. The campus, located in Eggelsberg, will create up to 1,000 high-tech jobs. It includes r&d labs, as well as facilities for training up to 4,000 people from around the world every year in collaboration with universities.
SKF and ABB boost collaboration on industrial automation
SKF and ABB have signed a Memorandum of Understanding (MoU) to explore possibilities for collaborating on the automation of manufacturing processes. They plan to identify and evaluate ideas for improving manufacturing capabilities and improving production efficiencies, potentially leading to future strategic collaborations.
‘Industrial metaverse’ heralds a new era in automation
Siemens has launched an open industrial platform that, it says, will make digital transformation easier, faster and scalable. The Xcelerator platform includes IoT (Internet of Things) enabled hardware, software and digital services from Siemens, and from more than 50 certified third parties. Siemens plans to transform its entire portfolio of hardware and software to become modular, cloud-connected and built on standard application programming interfaces (APIs).
