L&T Technology Services (LTTS), the engineering services arm of Larsen & Toubro, said it has signed an agreement to acquire US-based design services provider Esencia Technologies Inc.
Siemens is planning to acquire HaCon, a company headquartered in Hanover, Germany. The two parties have agreed not to disclose financial details. Pending the approval of antitrust authorities, the deal is expected to be concluded in the first half of calendar year 2017.
Siemens and SAP to play an important role in furthering Saudi Arabia’s "digital transformation", company officials said during German Chancellor Angela Merkel's visit to the country. Top executives at the engineering conglomerate and the business software company who were traveling with Merkel signed declarations of intent to work with the Saudi authorities, the officials said.
Saudi Arabia is pushing a long-term economic transformation dubbed "Vision 2030" to reduce the country's reliance on oil, attract investment and improve the lives of its citizens.
SAP SE and KUKA AG announced they will work together around Industrial 4.0 and Industrial Internet of Things (IIoT) to promote the flexibility and automation of production processes. Both companies want to collaborate, particularly in the areas of manufacturing, mechanical engineering and the automotive sector.
Phoenix Contact takes over the Taiwanese company Etherwan System Inc. The company, which is located in New-Taipei, is a manufacturer for Ethernet communication technology in automation. The takeover enrichens the position of the Phoenix Contact Group in the area of the Industrial Internet of Things (IIoT) and Industrie 4.0, which was already strengthened by the take over of the Canadian Perle Systems Inc. in fall 2016.