EAM

SPX Reports Fourth Quarter and Full-Year 2023 Results

Retrieved on: 
Thursday, February 22, 2024

CHARLOTTE, N.C., Feb. 22, 2024 (GLOBE NEWSWIRE) -- SPX Technologies, Inc. (NYSE:SPXC) (“SPX”, the “Company”, “we” or “our”) today reported results for the fourth quarter and year ended December 31, 2023.

Key Points: 
  • CHARLOTTE, N.C., Feb. 22, 2024 (GLOBE NEWSWIRE) -- SPX Technologies, Inc. (NYSE:SPXC) (“SPX”, the “Company”, “we” or “our”) today reported results for the fourth quarter and year ended December 31, 2023.
  • Operating income in the fourth quarter of 2023 was $63.1 million.
  • Diluted income per share from continuing operations in the fourth quarter of 2023 was $0.67, compared with a diluted loss per share from continuing operations in the fourth quarter of 2022 of $(0.55).
  • Adjusted earnings per share* in the fourth quarter of 2023 was $1.25, compared with $1.17 in the fourth quarter of 2022.

ZwickRoell selects IFS Cloud to drive operational efficiency and support growth

Retrieved on: 
Tuesday, February 27, 2024

LONDON, Feb. 27, 2024 /PRNewswire/ -- IFS, the global cloud enterprise software company, today announced that ZwickRoell Gmbh & Co.KG, a leading worldwide manufacturer of materials testing equipment, has selected IFS Cloud in a strategic move to harmonize its business processes and deliver enhanced visibility across its operations.

Key Points: 
  • The move to IFS Cloud was driven by the need to modernize its current Enterprise Resource Planning (ERP) and Customer Relationship Management (CRM) solution, which could no longer meet the business' requirements needed to support its strategic growth plans.
  • IFS Cloud will enable the company to harmonize its disparate systems and simplify processes across its operations, driving continuous improvements and efficiency.
  • IFS Cloud will also enable the company to easily integrate users from MS Dynamics CRM systems, one of ZwickRoell's key requirements.
  • We look forward to partnering with ZwickRoell on their digital transformation journey with IFS Cloud a core part of their strategic growth plans."

ZwickRoell selects IFS Cloud to drive operational efficiency and support growth

Retrieved on: 
Tuesday, February 27, 2024

LONDON, Feb. 27, 2024 /PRNewswire/ -- IFS, the global cloud enterprise software company, today announced that ZwickRoell Gmbh & Co.KG, a leading worldwide manufacturer of materials testing equipment, has selected IFS Cloud in a strategic move to harmonize its business processes and deliver enhanced visibility across its operations.

Key Points: 
  • The move to IFS Cloud was driven by the need to modernize its current Enterprise Resource Planning (ERP) and Customer Relationship Management (CRM) solution, which could no longer meet the business' requirements needed to support its strategic growth plans.
  • IFS Cloud will enable the company to harmonize its disparate systems and simplify processes across its operations, driving continuous improvements and efficiency.
  • IFS Cloud will also enable the company to easily integrate users from MS Dynamics CRM systems, one of ZwickRoell's key requirements.
  • We look forward to partnering with ZwickRoell on their digital transformation journey with IFS Cloud a core part of their strategic growth plans."

Stannah Group selects IFS Cloud to support ambitious growth and build agility

Retrieved on: 
Tuesday, February 20, 2024

LONDON, Feb. 20, 2024 /PRNewswire/ -- IFS, the global cloud enterprise software company, today announced that UK-based independent lift business and stairlift manufacturer, Stannah Group, has purchased the cloud-based enterprise software platform, IFS Cloud, to support its global growth plans.Stannah has selected the full suite of IFS Cloud, including functionality for enterprise resource planning (ERP), field service management (FSM), planning and scheduling optimisation (PSO) and enterprise asset management (EAM). The agility enabled by having all this capability easily accessible on a single platform was key to its decision to purchase the IFS solution and reflects Stannah's commitment to investing in its customers and employees by leveraging cutting-edge technology to deliver best-in-class experiences.The implementation of IFS Cloud will enable Stannah to replace an existing legacy system and 67 edge systems with a modern, integrated enterprise software solution tailored to streamline the company's business processes and provide real-time visibility across departments to ensure its enterprise assets and field service operations remain agile. When fully rolled out, it will encompass over 2,500 users across 13 countries fostering collaboration on a truly global scale.The adoption of IFS Cloud aligns seamlessly with Stannah's vision for continuous improvement and innovation through digital technology. IFS's dedicated AI-driven PSO engine will streamline Stannah's Field Service Operations by helping it improve first-time fix rates, implement cost-saving route planning, solve complex scheduling issues efficiently, and enhance customer experience. Using EAM and PSO in tandem will ensure Stannah is able to optimise asset uptime and maintenance time, creating operational agility.Jon Stannah, Group Managing Director at Stannah, said: "We were attracted not only by the range and depth of the IFS solution but also by the culture of the company. IFS has a rare combination of deep industry expertise and a global perspective. Yet, its key differentiator is its ability to meet and efficiently deliver innovative capabilities to support us in our core markets of manufacturing and field service management. By choosing IFS, we are investing in a partner that not only understands our industry challenges, but also the opportunities for us to grow and deliver value to our business as we scale and develop with a newfound agility."IFS Cloud will also drive enhanced efficiencies and productivity for Stannah by enabling it to run a wide range of operational functions on a single platform with a single data model. Initially, these will comprise CRM, sales, planning, supply chain, manufacturing, human capital management, finance, asset and field service management.André Robberts, President, Southern and Western Europe and LATAM at IFS, said: "We are thrilled to partner with Stannah, a company that exemplifies innovation and commitment to quality in the accessibility sector. Our objective is to empower them with a robust, integrated ERP solution that not only enhances operational efficiency but also aligns with their growth and sustainability goals. We are confident that the adaptability and comprehensive capabilities of IFS Cloud, together with our expertise in industrial manufacturing, will prove crucial in enabling them to achieve their aims."Stannah will also benefit from IFS Success Services, an engagement framework designed to create value and support customers in their experience lifecycle with IFS – from adoption and engagement to software support. Additionally, Stannah has invested in IFS Implementation Services, offered by IFS to its clients to assist them in implementing its software solutions.

Key Points: 
  • LONDON, Feb. 20, 2024 /PRNewswire/ -- IFS, the global cloud enterprise software company, today announced that UK-based independent lift business and stairlift manufacturer, Stannah Group, has purchased the cloud-based enterprise software platform, IFS Cloud, to support its global growth plans.
  • The adoption of IFS Cloud aligns seamlessly with Stannah's vision for continuous improvement and innovation through digital technology.
  • Stannah will also benefit from IFS Success Services, an engagement framework designed to create value and support customers in their experience lifecycle with IFS – from adoption and engagement to software support.
  • Additionally, Stannah has invested in IFS Implementation Services, offered by IFS to its clients to assist them in implementing its software solutions.

Stannah Group selects IFS Cloud to support ambitious growth and build agility

Retrieved on: 
Tuesday, February 20, 2024

LONDON, Feb. 20, 2024 /PRNewswire/ -- IFS, the global cloud enterprise software company, today announced that UK-based independent lift business and stairlift manufacturer, Stannah Group, has purchased the cloud-based enterprise software platform, IFS Cloud, to support its global growth plans.Stannah has selected the full suite of IFS Cloud, including functionality for enterprise resource planning (ERP), field service management (FSM), planning and scheduling optimisation (PSO) and enterprise asset management (EAM). The agility enabled by having all this capability easily accessible on a single platform was key to its decision to purchase the IFS solution and reflects Stannah's commitment to investing in its customers and employees by leveraging cutting-edge technology to deliver best-in-class experiences.The implementation of IFS Cloud will enable Stannah to replace an existing legacy system and 67 edge systems with a modern, integrated enterprise software solution tailored to streamline the company's business processes and provide real-time visibility across departments to ensure its enterprise assets and field service operations remain agile. When fully rolled out, it will encompass over 2,500 users across 13 countries fostering collaboration on a truly global scale.The adoption of IFS Cloud aligns seamlessly with Stannah's vision for continuous improvement and innovation through digital technology. IFS's dedicated AI-driven PSO engine will streamline Stannah's Field Service Operations by helping it improve first-time fix rates, implement cost-saving route planning, solve complex scheduling issues efficiently, and enhance customer experience. Using EAM and PSO in tandem will ensure Stannah is able to optimise asset uptime and maintenance time, creating operational agility.Jon Stannah, Group Managing Director at Stannah, said: "We were attracted not only by the range and depth of the IFS solution but also by the culture of the company. IFS has a rare combination of deep industry expertise and a global perspective. Yet, its key differentiator is its ability to meet and efficiently deliver innovative capabilities to support us in our core markets of manufacturing and field service management. By choosing IFS, we are investing in a partner that not only understands our industry challenges, but also the opportunities for us to grow and deliver value to our business as we scale and develop with a newfound agility."IFS Cloud will also drive enhanced efficiencies and productivity for Stannah by enabling it to run a wide range of operational functions on a single platform with a single data model. Initially, these will comprise CRM, sales, planning, supply chain, manufacturing, human capital management, finance, asset and field service management.André Robberts, President, Southern and Western Europe and LATAM at IFS, said: "We are thrilled to partner with Stannah, a company that exemplifies innovation and commitment to quality in the accessibility sector. Our objective is to empower them with a robust, integrated ERP solution that not only enhances operational efficiency but also aligns with their growth and sustainability goals. We are confident that the adaptability and comprehensive capabilities of IFS Cloud, together with our expertise in industrial manufacturing, will prove crucial in enabling them to achieve their aims."Stannah will also benefit from IFS Success Services, an engagement framework designed to create value and support customers in their experience lifecycle with IFS – from adoption and engagement to software support. Additionally, Stannah has invested in IFS Implementation Services, offered by IFS to its clients to assist them in implementing its software solutions.

Key Points: 
  • LONDON, Feb. 20, 2024 /PRNewswire/ -- IFS, the global cloud enterprise software company, today announced that UK-based independent lift business and stairlift manufacturer, Stannah Group, has purchased the cloud-based enterprise software platform, IFS Cloud, to support its global growth plans.
  • The adoption of IFS Cloud aligns seamlessly with Stannah's vision for continuous improvement and innovation through digital technology.
  • Stannah will also benefit from IFS Success Services, an engagement framework designed to create value and support customers in their experience lifecycle with IFS – from adoption and engagement to software support.
  • Additionally, Stannah has invested in IFS Implementation Services, offered by IFS to its clients to assist them in implementing its software solutions.

Global Enterprise Asset Management Market Report 2024: Increasing Trend for Deploying Cloud-Based EAM Solutions

Retrieved on: 
Friday, February 9, 2024

DUBLIN, Feb. 9, 2024 /PRNewswire/ -- The "Enterprise Asset Management: Applications and Global Markets" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • DUBLIN, Feb. 9, 2024 /PRNewswire/ -- The "Enterprise Asset Management: Applications and Global Markets" report has been added to ResearchAndMarkets.com's offering.
  • The growing demand for enhancing the life cycle performance of assets and the associated advantages of EAM in enterprises are the prominent factors driving the market for EAM.
  • The report covers various segments of the enterprise asset management market, breaking it down by component, asset type, network type, deployment, organization size, end users and region.
  • Also, the report features a patent analysis of the enterprise asset management market, which represents a significant investment area for investors.

SPX Technologies Announces Acquisition of Ingénia

Retrieved on: 
Wednesday, February 7, 2024

CHARLOTTE, N.C., Feb. 07, 2024 (GLOBE NEWSWIRE) -- SPX Technologies (NYSE:SPXC) announced today that it has acquired privately held Ingénia Technologies (“Ingénia”) for approximately CA$405 million (approximately US$300 million) in cash, including acquired real estate.

Key Points: 
  • CHARLOTTE, N.C., Feb. 07, 2024 (GLOBE NEWSWIRE) -- SPX Technologies (NYSE:SPXC) announced today that it has acquired privately held Ingénia Technologies (“Ingénia”) for approximately CA$405 million (approximately US$300 million) in cash, including acquired real estate.
  • Ingénia is now part of SPX Technologies’ Cooling platform, within its HVAC segment, and further expands the Company’s position in Engineered Air Movement (“EAM”) solutions.
  • Gene Lowe, President and CEO of SPX Technologies commented, “We are very excited to welcome Ingénia to the SPX Technologies team.
  • This is SPX’s 14th acquisition since 2018, and further validates our strategy of building high-quality, market-leading platforms.”
    Giuseppe Racanelli, President of Ingénia also commented, “The Ingénia team is very excited about joining the SPX family.

Limble Earns Spot on G2's Highest Satisfaction Products List for 2024

Retrieved on: 
Wednesday, February 7, 2024

LEHI, Utah, Feb. 7, 2024 /PRNewswire/ -- Limble, the leading CMMS and Asset Management Platform, announced today that it has been named a G2 2024 Best Software Award winner, placing 20th on the list of Highest Satisfaction Products. G2's annual Best Software Awards rank the world's best software companies and products based on authentic, timely reviews from verified users. The list spans all software categories, recognizing industry giants like Microsoft, Salesforce, and HubSpot. As the sole CMMS and EAM to make the list, Limble achieves the #1 spot for maintenance solutions on the Highest Satisfaction Products list.

Key Points: 
  • LEHI, Utah, Feb. 7, 2024 /PRNewswire/ -- Limble, the leading CMMS and Asset Management Platform, announced today that it has been named a G2 2024 Best Software Award winner, placing 20th on the list of Highest Satisfaction Products.
  • As the sole CMMS and EAM to make the list, Limble achieves the #1 spot for maintenance solutions on the Highest Satisfaction Products list.
  • Our spot on G2's Highest Satisfaction Products list reflects Limble's unique position as the only CMMS designed by maintenance professionals, for maintenance professionals."
  • By implementing Limble, customers were able to:
    These achievements drove overwhelming satisfaction across Limble's customer base, ultimately securing their place on G2's Highest Satisfaction Products list.

EAM Completes Acquisition of LFP Cathode Technology Center in Germany, Plans for Commercial Scale Production for Global Supply Chain

Retrieved on: 
Friday, February 2, 2024

With the purchase, EAM is poised to make India the first country in Asia outside of China to manufacture LFP cathode materials.

Key Points: 
  • With the purchase, EAM is poised to make India the first country in Asia outside of China to manufacture LFP cathode materials.
  • Approximately 70% of cathode materials, and 100% of LFP cathode, for lithium-ion batteries are currently produced in China.
  • “This acquisition reaffirms our commitment to delivering cutting-edge solutions to the evolving EV battery market,” said Vikram Handa, managing director of EAM.
  • The center is equipped to produce LFP and lithium manganese iron phosphate (LMFP) cathode in small laboratory-scale batches to up pilot-scale material.

SDI Presence Expands IT Managed Services Footprint in California

Retrieved on: 
Tuesday, January 30, 2024

CHICAGO, Jan. 30, 2024 /PRNewswire/ -- SDI Presence LLC (SDI), an IT managed services provider (MSP) and certified Minority Business Enterprise (MBE) with Corporate Plus designation from the National Minority Supplier Development Council (NMSDC), announces the expansion of its managed services in California, marked by the acquisition of three new clients.

Key Points: 
  • CHICAGO, Jan. 30, 2024 /PRNewswire/ -- SDI Presence LLC (SDI), an IT managed services provider (MSP) and certified Minority Business Enterprise (MBE) with Corporate Plus designation from the National Minority Supplier Development Council (NMSDC), announces the expansion of its managed services in California, marked by the acquisition of three new clients.
  • At the city of San Marino, SDI will be providing managed services covering all city departments, including Police and Fire, along with virtual CIO services as part of the contract.
  • SDI will be implementing managed services for the city of Laverne, including virtual CIO, to supplement the existing IT staff—covering all city departments, including Police and Fire.
  • Livermore Amador Valley Transit Authority (LAVTA) is contracted with SDI for a managed services contract with potential for cloud projects.