Smith & Nephew completes acquisition of Atracsys Sàrl, a Swiss Optical tracking technology provider

Posted by MarketsandMarkets on Jul 4, 2019 5:26:53 PM
Smith & Nephew has been a major player in orthopedics & sports medicine. They pioneered advanced wound care products. However, evolving market trends relating to revenue sources of its clients (i.e. hospitals, trauma centers, & orthopedic clinics) as well as changing healthcare dynamics has provided them with unique opportunity to expand into adjacent market segments such as integrated healthcare solutions and digital surgical platforms. Leveraging their core competency in assisting hospitals/other providers to offer effective surgical outcomes coupled with their unique product portfolio; Smith & Nephew is looking to effectively harness the market potential of integrated and digital health solutions by strategic acquisition of start-ups/emerging players with novel technologies such as Atracsys sarl (July 2019) and BrainLab (June 2019).
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Topics: healthcare, Smith & Nephew, Atracsys Sàrl, Atracsys Deal

BOEING TO COLLABORATE WITH KITTY HAWK IN STRATEGIC PARTNERSHIP

Posted by MarketsandMarkets on Jul 3, 2019 4:21:22 PM

In June 2019, the Boeing Company and Kitty Hawk Corporation entered into a strategic partnership to work on futuristic urban air mobility.

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Topics: Aerospace and Defence, urban air mobility market

SANYO CHEMICAL INDUSTRIES, LTD. TO ESTABLISH NEW PRODUCTION FACILITY OF PERMANENT ANTISTATIC AGENTS

Posted by MarketsandMarkets on Jul 3, 2019 4:04:30 PM

Sanyo Chemical Industries, Ltd. (Thailand) announced the expansion of its production facility for permanent antistatic agents, which is scheduled to operate from April 2021, with a view to meeting the rising demand from Thailand.

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Topics: Chemicals, antistatic agents market

Offshore Wind holds the Key for Competitive, Zero Carbon, and Large-Scale Power Generation

Posted by MarketsandMarkets on Jul 1, 2019 6:22:19 PM

Power generation using wind energy has been on the rise for the past few years, particularly in offshore locations of North America, Europe, and Asia Pacific. The rise of offshore wind energy generation is attributed to the better yields due to the high offshore wind speed. A turbine in 15-mph wind speed can generate double as much energy as a turbine in 12-mph wind speed can. Offshore wind speeds are steadier than on land wind speeds because of the large open spaces at sea.

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Topics: Energy and Power, submarine cable system market, offshore support vessel market, offshore wind market

Countdown for BS6 begins..!!

Posted by MarketsandMarkets on Jul 1, 2019 6:03:43 PM

Maruti Suzuki – an Indian car manufacturer giant, recently announced to phase out production of diesel cars by next year i.e. April 2020. This announcement from Maruti Suzuki is in sync with the implementation of BS6 norms in India and mirrors emerging global trends. The company’s decision is anticipated to be majorly driven by high cost of upgrading diesel engines to BS6 norms. However, to fill this void, the company aims to shift its focus towards hybrid technology driven vehicles and compressed natural gas (CNG) vehicles.

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Topics: Automotive and Transportation, exhaust system

Mile High Labs (US) acquired the pharmaceutical facility of Sandoz Inc. in Colorado

Posted by MarketsandMarkets on Jul 1, 2019 5:51:11 PM

Mile High Labs acquired a 400,000 square foot pharmaceutical manufacturing facility of Sandoz Inc., a division of Novartis (Switzerland), in Broomfield, Colorado, with a view to meet the rising global consumer demand for CBD (Cannabidiol) in the form of tinctures, lotions, and gummies.

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Topics: Food and Beverage, industrial hemp

Should Baker Hughes, a GE company, restrict itself to the Oil and Gas sector, even in the era of IIoT?

Posted by MarketsandMarkets on Jun 27, 2019 7:25:06 PM

As per MarketsandMarkets’ analysis, based on its existing studies available on MarketsandMarkets™ Knowledge Store, Internet of Things (IoT) sensors, Artificial Intelligence (AI), and predictive maintenance are the top technologies (refer to Figure 1) that have the potential to change the future revenue mix of Baker Hughes (BHGE), a GE company. It is also evident from the recent joint venture agreement between BHGE and C3.ai, a California-based AI company.

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Topics: Information and Communications Technology, iot, IIOT

Amazon’s same-day package delivery using drones to revolutionize the e-commerce industry

Posted by MarketsandMarkets on Jun 27, 2019 5:23:12 PM

On June 5, 2019, Amazon showcased the latest version of its Prime Air delivery drone—that is set to transform last mile package delivery—at the Mars Conference in Las Vegas, US. The Prime Air delivery drone is a hybrid aircraft equipped with optical, thermal, and ultrasonic sensors. Moreover, the drone is also capable of vertical takeoff and landing along with continuous forward flight.

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Topics: Aerospace and Defence, Unmanned Aerial Vehicles, Unmanned Ground Robots

Mercedes-Benz and Telefónica Deutschland to set up the world's first 5G network for automobile production

Posted by MarketsandMarkets on Jun 24, 2019 5:36:42 PM

Mercedes-Benz Cars, in association with telecommunications company Telefónica Deutschland and network supplier Ericsson, is setting up the world’s first 5G network for automobile production in its Factory 56 in Sindelfingen, Germany. This is the first time the 5G mobile communications standard is being implemented into the running production. The 5G technology can rapidly process huge data sets. The 5G standard allows fast data transmission rates, with extremely low latency and a high level of reliability. Mercedes-Benz Cars is planning to implement such innovation in its other plants as well.

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Topics: Automotive and Transportation, robo-taxi market

TYSON FOODS, ONE OF THE LARGEST MEAT PRODUCERS GLOBALLY, ENTERED THE PLANT-BASED MEAT MARKET WITH ITS NEW BRAND, RAISED & ROOTED

Posted by MarketsandMarkets on Jun 20, 2019 7:29:43 PM

Tyson Foods is headquartered in Arkansas, US, and is engaged in offering chicken, beef, and pork, as well as prepared foods. The company offers food products under Tyson, Jimmy Dean, Hillshire Farm, Sara Lee, Ball Park, Wright, Aidells, and State Fair brands. It has its presence in Central America, China, Canada, Japan, the Middle East, the European Union, South Korea, and Taiwan. On 13th June 2019, the company announced the launch of its first plant-based blended products under its new brand, Raised & Rooted, as part of its efforts to expand its protein offerings. Earlier, in April 2019, Tyson Foods ended its investment with Beyond Meat, which is engaged in manufacturing plant-based meat, to start its own brand of plant-based meat products. With the rising trend of healthy lifestyles, meat producers need to shift their offerings to products that have improved nutritional profiles. The belief among consumers that plant-based proteins are better for heart health, easier to digest, and better suited to aid weight loss than animal protein, will disrupt the animal meat market in the future. Since Tyson Foods has a major stake in traditional meat such as chicken, pork, and beef, it is more of a precautionary move rather than a strategic one to enter into the booming market of plant-based meat.

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Topics: Food and Beverage, plant-based meat market

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