Greif, Inc. (US), a manufacturer of industrial packaging products and services has completed its previously announced acquisition of Caraustar Industries (US), an integrated manufacturer of 100% recycled paperboard and paperboard products.
German conglomerate Siemens acquired the solar string inverter business of KACO new energy GmbH, which specializes in the field of independent and decentralized energy supply. This acquisition will strengthen the decentralized energy systems portfolio of Siemens, which will get a fresh lease of life, through this acquisition.
March 7, 2019 - Airbus Helicopters (France) concluded the Heli-Expo 2019 with 43 new orders for its major civil product range, namely the H125, H130, H135, H145, H160, H175, and H225 aircraft across the globe. Of the 43 helicopters, 49% orders were from its longstanding customer, Air Medical Group Holdings (AMGH) (US), for a mix of single-engine H125s and twin-engine H135s. Airbus also launched a new version of its H145 helicopter at the expo, resulting in orders for 10 units and 9 retrofits.
On 8th March 2019; Omantel, a market leader in ultra-low latency networking (ULTN), has launched an international wholesale company, Omantel International (OTI). OTI is managing Omantel’s international voice business and supports partners and customers in accessing new and existing solutions. Capitalizing on Oman’s unique geographic position, Omantel will offer ULTN services to various communication hubs in the Middle East, Asia, Africa, and Europe catalyzing the Digital Transformation globally.
Recently, Metso Corporation has invested more than USD 112.30 million for the development of its engineering hubs in India and internationalize production plants to fulfill the increasing global demand for industrial valves. It has invested around USD 78.61 million of the total investment for the expansion of its operations in India. Metso Corporation recently acquired the Valve Automation division of Rotex Manufacturers and Engineers Private Limited (RMEPL), by acquiring all shares of RMEBS controls Pvt. Ltd. (India). With this move, Metso plans to strengthen its valve network and increase its presence in new industries and application areas. About 20% sales of Metso Corporation come from Metso India, and for the last 4 years, the company has been witnessing a 50% rise in sales. The company is also establishing a new foundry in Vadodara, having the capacity to produce20,000 tonnes, and increasing the mineral equipment capacity of the Metso Park in Alwar, by 35%.
On 6th March 2019, Waymo announced its entry in the automotive sensors market with the selling of laser-mapping sensors (LiDAR) to other companies. Waymo uses the same sensors in its driverless vehicles. As Waymo has a strong presence in self-driving cars, the move to foray in the LiDAR market can prove to be an effective business strategy for the company. The new sensor division will compete with Velodyne Lidar Inc, a leading player in the automotive LiDAR market.
BASF, one of the largest chemical manufacturers, got approval for the fungicide, Revysol, for improved farm management. Revysol is the first isopropanol-azole that has been approved to be used in the European market. Revysol would be used for cereal crops, and the first usage of Revysol in cereal crops is expected by 2019–2020. Its usage would help the farmers in managing their farm more efficiently and in reducing weather-related risks. It also delivers higher and more consistent yields, which would maximize the income of the farmers.
Boeing introduced the Boeing Airpower Teaming System, a new unmanned system which will be designed and developed by Boeing Australia with investment from the Australian Department of Defence. The unmanned aircraft model was introduced at the Australian International Airshow by the Australian Minister of Defence, Mr. Christopher Pyne. Boeing (US) and the Australian government will manufacture and demonstrate the concept aircraft. The prototype aircraft will offer major findings and insights for the development and production of Boeing Airpower Teaming System. The prototype, named Loyal Wingman, is Boeing’s biggest investment in new unmanned aircraft program outside of the US. According to Boeing, the aircraft will be integrated with advanced sensors to perform electronic warfare, intelligence, surveillance, and reconnaissance missions. The aircraft will be enabled with artificial intelligence capability to fly alongside piloted aircraft during missions.
French renewable energy company Total Eren has agreed to buy Novenergia Holding Company, a Renewable power producer, in a deal worth more than 1 billion euros. Considering Total Eren’s presence in France, Greece, and Italy, it is evident that with this deal they are gifted with a massive opportunity of expanding their presence in almost the entire Southern Europe.
Daimler announced that it had partnered with Microsoft to successfully move its on-premises big data platform to Microsoft’s Azure cloud. The new platform “eXtollo” will be Daimler’s first major service to run on the cloud.