It's just business: Manufacturing moves from DENSO, Fictiv, Electra.aero, 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.
Recognition: DENSO Manufacturing Michigan, Inc. (DMMI) in Battle Creek has been recognized as a Gold-Level Veteran-Friendly Employer by the Michigan Veterans Affairs Agency (MVAA), the highest distinction for veteran support in the workplace. This honor highlights DMMI’s commitment to veteran initiatives such as benefit packages, differential pay, and specialized onboarding and retention programs. In a recent quote, Jack Carlsen, a senior maintenance technician team leader at DMMI, said, "We appreciate the MVAA for their work and this honor, which is a testament to all our team does to support our people, including veterans. The recognition reenergizes us as we continue to try to raise the bar in how we attract, retain and support those from the service member community."
Learn more
Acquisition: Fictiv, a global supply chain technology company, has announced an agreement to be acquired by MISUMI Group Inc., a Japan-based supplier of mechanical components, in an all-cash transaction valued at $350 million, subject to closing adjustments. The acquisition aims to accelerate the development of AI-driven manufacturing and supply chain solutions by combining Fictiv’s digital tools with MISUMI’s physical infrastructure. In a recent quote, Dave Evans, Co-Founder & CEO, Fictiv, said, “Fictiv and MISUMI share a joint vision to make access to world-class manufacturing & supply chain capabilities easier, more accessible, more intelligent, and democratized. Giving more teams the tools to take their ideas from concept to reality will unlock innovation to fuel the advancements we want to see in the world.”
Learn more
Acquisition: SMX Industrial Solutions has acquired Preston Eastin, a respected manufacturer of robotic and welding positioning systems, to strengthen its position as a leading provider of fabrication and welding solutions. The acquisition expands SMX's product line, enhances innovation across its brands—including Steelmax Tools and Scotchman Industries—and improves customer support capabilities. In a recent quote, Kevin Allen, CEO of SMX Industrial Solutions, said, “We are thrilled to welcome Preston Eastin to the SMX Industrial Solutions family. This acquisition aligns with our commitment to providing superior products and services that drive productivity and innovation in the metal fabrication industry. Together, we will continue to support our customers with the highest quality solutions.”
Learn more
Capital: Electra.aero Inc. has secured $115 million in Series B funding to advance its EL9 Ultra Short aircraft into pre-production and certification, a plane capable of taking off and landing in just 150 feet. The funding round was led by Prysm Capital, with co-founder Jay Park joining Electra’s Board of Directors. In a recent quote, Electra Board Chair John Langford said, “We are delighted to welcome Jay and Prysm to the Electra family. They’ve already become an indispensable partner and advisor as we transition from prototype to product with the EL9.”
Learn more
Acquisition: DEMGY Group has expanded its U.S. footprint by acquiring TOOL-GAUGE, a Tier 1 supplier to Boeing specializing in plastic cabin interior parts. This move positions DEMGY Group as a direct supplier to both Boeing and Airbus, while enhancing its capabilities in high-performance polymer injection molding and metal machining. The acquisition, with TOOL-GAUGE to be renamed DEMGY Pacific, supports the company's strategy to scale its advanced technological solutions and reinforce its leadership in the aerospace sector.
Learn more