ARCwire Industry News

ARC sends out ARCwire, our weekly e-mail newsletter, to over 40,000 executives around the world.  With insight and analysis provided — as it happens — the ARCwire industry news summary is the most popular news wire for energy and manufacturing industries.  You can register for ARCwire for FREE.

 

Dec
18
2018
Fabian Wanke — Acquisition or Partnership

TRUMPF Acquires Laser Diode Division of Philips

The high-tech company TRUMPF is acquiring 100 percent of Photonics GmbH from Philips, headquartered in Ulm, Germany.  This opens up a new market segment for TRUMPF in addition to its existing business with high-power diode lasers and expands its product portfolio.
Dec
17
2018
Shin Kai — Acquisition or Partnership

Hitachi to Acquire ABB's Power Grid Business

Hitachi, Ltd. announced that it is acquiring the power grids business from ABB Ltd. and has signed an agreement with ABB.  Hitachi plans to initially acquire an 80.1% stake in the ABB Power Grid business and expects to close the acquisition in the first half of 2020, making Power Grids a consolidated subsidiary.
Dec
13
2018
Inderpreet Shoker and Ralph Rio — ARC Report Abstract

GPS Asset Tracking:  A Smart Approach for Better Asset Management

Several improvements and innovations are driving the adoption of Industrial IoT (IIoT), helping create a solid value proposition for end users. Various industries are now adopting advanced IIoT technologies to bring improvement in a range of different areas.  One such area is GPS asset tracking. 
Dec
13
2018
Craig Resnick — Acquisition or Partnership

Silver Lake to Acquire Majority Stake in ServiceMax from GE Digital

GE Digital and Silver Lake announced an agreement for GE Digital to sell a majority stake in ServiceMax, a major provider of cloud-based software productivity tools for field service technicians, to Silver Lake, a global private equity firm focused on technology investing. 
Dec
13
2018
Inderpreet Shoker and Ralph Rio — ARC Report Abstract

GPS Asset Tracking:  A Smart Approach for Better Asset Management

Several improvements and innovations are driving the adoption of Industrial IoT (IIoT), helping create a solid value proposition for end users. Various industries are now adopting advanced IIoT technologies to bring improvement in a range of different areas.  One such area is GPS asset tracking. 
Dec
13
2018
Rajkumar Paira — ARC Report Abstract

Enterprise Software Market Reported Strong Growth in Q2 2018

The worldwide enterprise software market continued to grow in the second quarter of 2018.  This market expanded on the back of relentless innovation and available capital.  Once again, exchange rates played a role, with the strengthening of the euro relative to the US dollar. 
Dec
13
2018
Craig Resnick — Company and Product News

GE Launches $1.2 Billion Industrial IoT Software Company

GE announced plans to establish a new, independent company focused on building a comprehensive Industrial Internet of Things (IIoT) software portfolio.  The company will start with $1.2 billion in annual software revenue and an existing global industrial customer base. 
Dec
11
2018
Tim Shea — Company and Product News

P2 Releases AI System for Shale Lease Management

ThoughtTrace, a tech company that uses AI for quickly assessing and compiling critical information in legal documents, is working with P2 Tobin on a Shale Lease Management system that will give upstream professionals in corporate development, land, GIS and geoscience instant access to expanded lease attributes, obligations, provisions and clauses.
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