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: TE Connectivity has completed its acquisition of Richards Manufacturing Co., a leader in North American utility grid products. This acquisition strengthens TE's position in the global energy sector, particularly in serving utilities and capitalizing on the grid replacement and upgrade cycle. 
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Acquisition: The Environmental Group Limited (EGL) has agreed to acquire Advanced Boilers & Combustion for $5.5 million, expanding its industrial boiler service and manufacturing capabilities. This acquisition enhances EGL's offerings with Advanced's expertise, exclusive Maxitherm boiler technology, and strong recurring service revenue, with completion expected on April 5, 2025. 
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Acquisition: De Havilland Aircraft of Canada (DHC) has acquired Fleet Canada Inc., a supplier of parts and aerostructures, enhancing DHC's capabilities in metal-to-metal bonding and advanced composites. The acquisition supports DHC's growth by expanding production capacity and enabling the company to meet increasing demand for its aircraft programs. In a recent quote, Brian Chafe, CEO of De Havilland Canada, said, "By adding the capacity and capabilities of Fleet Canada, De Havilland Aircraft of Canada will be better able to meet the needs of our customers. Our focus is to keep our fleet flying and to meet the growing demand for the De Havilland Canadair 515. The acquisition of Fleet’s team and capacity will go a long way to accomplishing this." 
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Partnership: SKYX has announced a strategic manufacturing partnership with Profab Electronics, a leading U.S. electronic contract manufacturer, to strengthen its supply chain and ensure high-quality, localized production for its innovative products. This collaboration reinforces SKYX’s commitment to operational excellence, customer satisfaction, and supporting American manufacturing. In a recent quote, Rani Kohen, Founder and Executive Chairman of SKYX Platforms Corp., said: “Our partnership with Profab Electronics, a prominent U.S. electronic manufacturer, is significant for SKYX, establishing U.S.-based production capabilities and ensuring greater control over our manufacturing processes and the ability to maintain the high standards of quality and safety our customers expect. We are proud to support American manufacturing and invest in building strong domestic operations.” 
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Acquisition: Integrated Power Services (IPS) has acquired Tram Electric, Inc., a leading supplier of electro-mechanical products and services in the western U.S., effective April 1, 2025. This acquisition expands IPS’s electromechanical and power management service network, enhancing its ability to deliver comprehensive solutions to industrial, commercial, and mining customers. In a recent quote, Al Barlow, Senior VP & Regional General Manager of the IPS Electromechanical Division, said, “With the acquisition of Tram Electric, IPS has added to its electromechanical and power management service network – the largest in the western United States. By working together, Tram Electric and IPS will be able to deliver an even more comprehensive suite of solutions to customers in the mining industry as well as other industrial and commercial markets.” 
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