Jan
16
2019
— Acquisition or Partnership

Siemens Gamesa Strengthens Focus on Sustainability

Siemens Gamesa Renewable Energy (SGRE) strengthened its focus on sustainability and set a milestone by being the first company in Spain to arrange a guarantee line that qualifies as “green” as it contributes to the United Nations Sustainable Development

Dec
21
2018
Chantal Polsonetti — Acquisition or Partnership

The IIC and GlobalPlatform Announce Liaison

The Industrial Internet Consortium (IIC) and GlobalPlatform, the standard for secure digital services and devices, announce they have agreed to a liaison to advance their shared interests.  Under the agreement, the IIC and GlobalPlatform will work together to align efforts to maximize interoperability, portability, security and privacy for the industrial Internet.
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
18
2018
— Acquisition or Partnership

ABB Divests Power Grids to Hitachi

After months of speculation and weeks of rumors, yesterday ABB announced it was divesting its Power Grids Division to Hitachi. The months of speculation derived from the European activist investor Cevian Capital, which won a seat on the ABB Board in 2017, apparently with an agenda of breaking up the group. ABB shareholders will receive roughly $7.7 billion from the transaction through buybacks or similar actions.
Dec
18
2018
Chantal Polsonetti — Acquisition or Partnership

The Industrial Internet Consortium and Openfog Consortium Join Forces

The Industrial Internet Consortium (IIC) and the OpenFog Consortium (OpenFog) announced that they have agreed in principle to combine.  The move will bring OpenFog members into the IIC organization at a time when their complementary areas of technology are emerging in the mainstream.  
Dec
17
2018
— 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.
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