Schneider Electric, a global specialist in energy management and automation, has acquired LimeWare, a provider of system analysis and auditing software for Schneider Electric's Foxboro Evo process automation and I/A Series distributed control systems.
ABB, the leading power and automation group, announced it acquired Gomtec GmbH to expand its offering in the field of collaborative robots. The parties agreed not to disclose financial terms of the transaction.
Yokogawa Solution Service Corporation announces that it will join the Smart Cell Processing project, a joint undertaking of industrial, administrative, and academic organizations in Japan and the UK.
ARC has been opining that one of the impacts of falling oil prices would be an increase in mergers and acquisition activity and/or an increasing number of partnerships or joint ventures.
Trimble announced that it will distribute DotProduct's DPI-8 handheld 3D scanner as part of a shared objective to make 3D scanning more accessible to the building design and construction market.
The Wireless IoT Forum has been launched to support and promote the deployment of the Internet of Things worldwide. The Forum has been created to drive the widespread adoption of wireless wide-area networking technologies in both licensed and unlicensed spectrum.
Although this acquisition likely had more to do with a recognition of an increasingly valuable synergy between the two firms, declining oil prices no doubt helped reduce the valuation of the deal, thereby making it even more attractive as Kongsberg Maritime AS, a wholly owned subsidiary of Kongsb
Even before oil prices declined over 50 percent over the last year, IOCs and NOCs were faced with the challenge of Capex investments increasing at rates much faster than their commensurate rate of production increases in the search for oil & gas.
Siemens and The Confederation of the Indian Industry (CII) signed a Memorandum of Understanding (MoU) to spearhead the conceptualization and implementation of pilot projects in Smart Cities.
Accenture and SAP SE have been selected by CenterPoint Energy to design, test, and implement an asset analytics solution that supports CenterPoint Energy's strategy of integrating information technology (IT) with operational technology (OT).