It's just business: Manufacturing moves from Siemens, IFS, Noria, and more
As manufacturers strive to optimize and improve profitability, they often use various business strategies to stay competitive. These actions include mergers, acquisitions, promotions, layoffs, funding, and much more. Below are just a few of the companies that are making moves and making headlines in the industrial sector.
Acquisition: Siemens has completed the acquisition of Altair Engineering Inc. for approximately $10 billion, expanding its leadership in industrial simulation, AI, and high-performance computing. This acquisition will enhance Siemens' Digital Twin capabilities, making simulation and advanced technologies more accessible for companies of all sizes, driving innovation and accelerating digital transformation. In a recent quote, Roland Busch, President and CEO of Siemens AG, said, “We welcome the Altair community of customers, partners and colleagues to Siemens. Adding Altair’s groundbreaking innovations to the Siemens Xcelerator platform will create the world's most complete AI-powered design, engineering and simulation portfolio. Together, we will help our customers to innovate at the scale and speed that today's complexity-driven world demands. Through the ONE Tech Company program, we will extend our leadership in industrial software. This enables all industries to benefit from the revolution driven by data and AI.”
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Partnership: IFS and UKG have formed a strategic partnership to provide integrated solutions that streamline business operations and enhance workforce management. The collaboration combines IFS's ERP capabilities with the UKG Pro® suite to improve efficiency, reduce overhead, and boost workforce productivity. In a recent quote, David Spencer, President of IFS North America, said, "We are excited to partner with UKG to offer our customers a holistic solution that addresses both their operational and workforce management needs. This partnership underscores our commitment to delivering unique innovation, Industrial AI-fueled solutions that drive business success to our joint customers."
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Acquisition: Reliability Won has acquired Noria Corp., a leading provider of lubrication and oil analysis services, conferences, and software. Noria is the company's second acquisition, following Mobius Institute, a provider of vibration-analysis training and certification. Both Noria and Mobius will continue to operate as independent brands within Reliability Won, enhancing the company's asset-reliability and maintenance service offerings. In a recent quote, Marcus Pillion, Reliability Won Group CEO, said, “We are thrilled to welcome Noria to the Reliability Won family. Noria’s expertise enhances our ability to provide a full range of services to our shared customer base. Noria’s focus on lubrication and oil analysis is highly complementary to Mobius Institute’s specialization in vibration analysis. With the acquisition, we are uniting two high-profile brands and are excited by the continued growth opportunities available for both businesses.”
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Acquisition: Bradford White Corporation has acquired Universal Technologies of Wisconsin, Inc., Bock Water Heaters, Inc., and Tank Technology, Inc., collectively known as Bock Water Heaters, a leader in oil-fired and specialty water heating products. The acquisition deepens the long-standing relationship between the companies and enhances Bradford White's ability to support customers with a broader range of products. In a recent quote, Bruce Carnevale, president and CEO of Bradford White Corporation, said, "We know from first-hand experience Bock's commitment to manufacturing high-quality products. Our companies share many of the same values, and we're excited to welcome the Bock family into ours. This deal strengthens our ability to support our customers and provide them with an expanded offering of products and solutions."
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Acquisition: Jennmar has acquired the assets of All Tech Engineering (ATE), forming Jennmar Automation, LLC to provide in-house automation services and continue supporting ATE's existing customers. This acquisition enhances Jennmar’s automation capabilities, enabling the company to deliver products and solutions more quickly across its global manufacturing operations. In a recent quote, Tony Calandra, CEO of Jennmar, said, "We are delighted to welcome ATE to our group of companies. We will leverage ATE's expertise to continue to automate our facilities and deliver customized automated manufacturing solutions to our customers. We look forward to a bright future together."
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