Industrial organization

Sandvik completes the acquisition of CGTech

Retrieved on: 
Thursday, December 31, 2020

STOCKHOLM, Dec. 31, 2020 /PRNewswire/ -- Sandvik has completed the previously announced acquisition of US based CGTech, a global market leader in software for numerical control (NC/CNC) simulation, verification and optimization.

Key Points: 
  • STOCKHOLM, Dec. 31, 2020 /PRNewswire/ -- Sandvik has completed the previously announced acquisition of US based CGTech, a global market leader in software for numerical control (NC/CNC) simulation, verification and optimization.
  • In 2019, CGTech had revenues of about SEK 470 million and around 180 employees.
  • The deal will initially have a neutral impact on Sandvik's earnings per share.
  • CGTech will be part of Sandvik Machining Solutions' division Sandvik Coromant, within the business area Sandvik Manufacturing and Machining Solutions.

Titan Machinery Inc. to Participate in Fireside Chat at the 2021 ICR Conference

Retrieved on: 
Tuesday, December 29, 2020

The conference will be held January 11-14, 2021 in a virtual format.

Key Points: 
  • The conference will be held January 11-14, 2021 in a virtual format.
  • The Titan Machinery management team will participate in an analyst-led fireside chat on Tuesday, January 12, 2021 at 2:30 pm Eastern time.
  • The Titan Machinery locations represent one or more of the CNH Industrial Brands, including Case IH, New Holland Agriculture, Case Construction, New Holland Construction, and CNH Industrial Capital.
  • Additional information about Titan Machinery Inc. can be found at www.titanmachinery.com .

Sandvik completes the acquisition of Miranda Tools' business

Retrieved on: 
Wednesday, December 23, 2020

SANDVIKEN, Sweden, Dec. 23, 2020 /PRNewswire/ -- Sandvik has completed the previously announced acquisition of the entire business of the Indian company Miranda Tools, comprising the manufacture of High Speed Steel and solid carbide round tools.

Key Points: 
  • SANDVIKEN, Sweden, Dec. 23, 2020 /PRNewswire/ -- Sandvik has completed the previously announced acquisition of the entire business of the Indian company Miranda Tools, comprising the manufacture of High Speed Steel and solid carbide round tools.
  • In 2019, Miranda Tools had revenues of about 200 million SEK and around 580 employees.
  • The deal has a limited impact on Sandvik's earnings per share.
  • The Miranda Tools' business will be part of Sandvik Machining Solutions' division Dormer Pramet, within the business area Sandvik Manufacturing and Machining Solutions.

CES honors John Deere for X Series combines in Robotics category

Retrieved on: 
Wednesday, December 16, 2020

- X Series combines feature proprietary artificial intelligence, computer vision, in-field machine-to-machine communication and integrated sensors for connectivity and self-driving capabilities.

Key Points: 
  • - X Series combines feature proprietary artificial intelligence, computer vision, in-field machine-to-machine communication and integrated sensors for connectivity and self-driving capabilities.
  • - X Series combines can monitor themselves and enable farmers and service technicians to manage issues remotely, minimizing downtime and supporting profitability.
  • OLATHE, Kan., Dec. 16, 2020 /PRNewswire/ --John Deere (NYSE: DE) has been honored in the Robotics category of the 2021 CES Innovation Awards, which recognize outstanding product design and engineering in consumer technology products.
  • The X9 1100 is the largest John Deere X Series combine and helps farmers harvest faster without risking grain loss or quality.

DGAP-News: VERIANOS SE - Dr. Frank Pörschke appointed to the Board

Retrieved on: 
Wednesday, November 18, 2020

Cologne/Frankfurt am Main, 18 November 2020 - At the Annual General Meeting of VERIANOS SE (ISIN DE000A0Z2Y48), which took place on 12 November 2020, Dr. Frank Prschke was appointed to the Board of the company.

Key Points: 
  • Cologne/Frankfurt am Main, 18 November 2020 - At the Annual General Meeting of VERIANOS SE (ISIN DE000A0Z2Y48), which took place on 12 November 2020, Dr. Frank Prschke was appointed to the Board of the company.
  • Frank Prschke has already been a Senior Advisor since January 2020.
  • Diego Fernndez Reumann, Chairman of the Board of VERIANOS SE: "We are very pleased that Dr. Frank Prschke has been appointed to our Board as planned.
  • Dr. Frank Prschke: "I am very much looking forward to actively accompanying VERIANOS' growth course.

Ford Honors Schaeffler at the 22nd Annual World Excellence Awards

Retrieved on: 
Tuesday, November 17, 2020

FORT MILL, S.C., Nov. 17, 2020 /PRNewswire/ -- Schaeffler was recognized as a top-performing global supplier at the 22nd annual Ford World Excellence Awards.

Key Points: 
  • FORT MILL, S.C., Nov. 17, 2020 /PRNewswire/ -- Schaeffler was recognized as a top-performing global supplier at the 22nd annual Ford World Excellence Awards.
  • Schaeffler was announced as a "Brand Pillar: Propulsion Choices" winner during Ford Motor Company's virtual event on Oct. 30, 2020.
  • "Ford's annual World Excellence Awards recognize our top-performing suppliers for their contributions to our success," said Hau Thai-Tang, chief product platform and operations officer.
  • Moreover, with almost 2,400 patent applications in 2019, Schaeffler is Germany's second-most innovative company according to the German Patent and Trademark Office (DPMA).

Titan Machinery Inc. to Report Fiscal Third Quarter Ended October 31, 2020 Results on November 24, 2020

Retrieved on: 
Tuesday, November 10, 2020

Investors interested in participating in the live call can dial (877) 705-6003 from the U.S. International callers can dial (201) 493-6725.

Key Points: 
  • Investors interested in participating in the live call can dial (877) 705-6003 from the U.S. International callers can dial (201) 493-6725.
  • There also will be a simultaneous, live webcast available on the Investor Relations section of the Company's web site at www.titanmachinery.com .
  • The Titan Machinery locations represent one or more of the CNH Industrial Brands, including Case IH, New Holland Agriculture, Case Construction, New Holland Construction, and CNH Industrial Capital.
  • Additional information about Titan Machinery Inc. can be found at www.titanmachinery.com .

John Deere Celebrates the Resiliency of Farmers

Retrieved on: 
Thursday, October 29, 2020

The Farm Must Go On by John Deere will benefit Farm Rescue, which helps farm families overcome adversity.

Key Points: 
  • The Farm Must Go On by John Deere will benefit Farm Rescue, which helps farm families overcome adversity.
  • Farmers are no exception," says Bill Gross,Presidentand Founder of Farm Rescue, which provides the necessary farm equipment and volunteer manpower to farmers in need.
  • "John Deere and Farm Rescue share something specialour work is driven by a commitment to empower the livelihoods of farmers.
  • For John Deere, it's about the machines, technologies, and services that enable farmers to become more profitable and sustainable, despite the challenges and uncertainty they face,"says Nate Clark, president of the John Deere Foundation.

AgJunction to Provide Autosteering for Komatsu

Retrieved on: 
Wednesday, October 28, 2020

SCOTTSDALE, Ariz., Oct. 28, 2020 (GLOBE NEWSWIRE) -- AgJunction Inc. (TSX: AJX), ("AgJunction"), through its wholly-owned subsidiary Novariant, Inc. (Novariant), has developed a modular automation system to support Komatsu Ltd. (Komatsu) precision agricultural applications.

Key Points: 
  • SCOTTSDALE, Ariz., Oct. 28, 2020 (GLOBE NEWSWIRE) -- AgJunction Inc. (TSX: AJX), ("AgJunction"), through its wholly-owned subsidiary Novariant, Inc. (Novariant), has developed a modular automation system to support Komatsu Ltd. (Komatsu) precision agricultural applications.
  • AgJunction was able to rapidly develop a customized autosteering system for our D51PF vehicle, which allowed us to quickly meet customer needs, said Yuichi Iwamoto, Komatsu Senior Executive Officer and Chief Technology Officer (CTO).
  • Working closely with Komatsu, AgJunction developed an automation system using mapping, path planning, and autosteering modules.
  • AgJunction President and CEO, M. Brett McMickell said, AgJunction is excited to provide a precision guidance retrofit kit for Komatsus D51PF.

Digi-Key Electronics Announces Global Marketplace Distribution Partnership with ACEINNA

Retrieved on: 
Wednesday, October 21, 2020

THIEF RIVER FALLS, Minn., Oct. 21, 2020 /PRNewswire/ -- Digi-Key Electronics , a global electronic components distributor, announced that it has expanded its Marketplace product portfolio by signing a global distribution partnership with ACEINNA , providing Digi-Key customers with a wide range of solutions and products in the sensor, autonomous vehicle guidance and power management spaces.

Key Points: 
  • THIEF RIVER FALLS, Minn., Oct. 21, 2020 /PRNewswire/ -- Digi-Key Electronics , a global electronic components distributor, announced that it has expanded its Marketplace product portfolio by signing a global distribution partnership with ACEINNA , providing Digi-Key customers with a wide range of solutions and products in the sensor, autonomous vehicle guidance and power management spaces.
  • "We're excited to be a distribution partner with ACEINNA and be able to offer their award-winning sensing technologies to our customers," said David Stein, vice president, global supplier management at Digi-Key.
  • With the addition of ACEINNA's products to Digi-Key's Marketplace, Digi-Key customers can access more sensing solutions than ever before.
  • Digi-Key Electronics, headquartered in Thief River Falls, Minn., USA, is an authorized global, full-service distributor of electronic components , and provides access to unlimited adjacent products and technologies through their online Marketplace.