Danfoss is pleased to announce that Steven Lakin has joined the company as its new director of public and industry affairs. Lakin, who began his new role on May 16, is an accomplished government relations and public affairs professional with extensive experience working across multiple industries, with industry associations, and with policymakers at the state and federal level.
Cummins Inc. recently announced that it has closed on its acquisition of Jacobs Vehicle Systems (JVS) from Altra Industrial Motion Corp. Jacobs Vehicle Systems is a supplier of engine braking, cylinder deactivation, start and stop and thermal management technologies. The addition of JVS brings new technologies that will provide growth opportunities for Cummins’ current and future advanced engine platforms. The acquisition of JVS also secures critical USMCA qualified engine components for current and aftermarket products and expands on Cummins’ offerings to customers globally.
Spartan Controls is pleased to announce it is the exclusive representative for Fike in Western Canada. Fike is a global leader in the manufacturing of rupture disc technologies, and this new partnership will offer customers unparalleled capability, experience, and local support. Fike rupture discs are designed to provide a leak-tight seal within a pipe or vessel until the internal pressure rises to a predetermined level. At that point, the disc bursts—within one or two milliseconds of an overpressure event—preventing damage to the equipment.
Motion Industries, Inc., a leading distributor of maintenance repair, and operation replacement parts, and a premier provider of industrial technology solutions, is pleased to announce the formation of its fluid power business brand: Mi Fluid Power Solutions (Mi FPS). Unifying top tier fluid power business units – including the former Kaman Fluid Power divisions of BW Rogers, Catching FluidPower, Intellimotion, Calkins Fluid Power, Northwest Hose & Fittings, Western Fluid Components, and Inrumec along with Hydraulic Supply Company and Motion’s OE Mobile service capabilities – MI FPS is a complete provider of fluid power, integrated electronic controls, and electro-mechanical technologies for industrial and mobile equipment.
Hitachi Energy supplies high and medium voltage switchgear and transformers and has selected Danfoss Drives as a partner, contributing with supply of power converters and our engineers will team up to succeed. The resultant cooperation agreement means that the two companies will act as one supplier for big PtX projects, together with electrolyzer OEMs and engineering companies.
Danfoss Power Solutions, a world-class provider of hydraulic and electric solutions for the construction, agriculture, and other on- and off-highway vehicle markets, has appointed Tony Welter as the new president of its Hydrostatics division, effective immediately. Based in Eden Prairie, Minn., he will be a key member of the Power Solutions Leadership Team and report directly to Eric Alström, president of Danfoss Power Solutions.
Parker Hannifin Corporation, a global leader in motion and control technologies, recently announced that Robin J. Davenport, Vice President – Corporate Finance, will retire effective December 31, 2022, after 19 years of dedicated service to the company.
Motors and Controls Corporation (MCC) demonstrates their dedication to making business easier for their customers by leveraging IDEA Connector to provide the most accurate and timely product data, minimizing order errors and returns. Customers will have 24/7 access to the product information they need to market and sell to their customers, and they can be confident that information is accurate and validated against industry standards.
Red Lion Controls, an operating company of UK-based Spectris plc, is pleased to announce the acquisition of MB connect line GmbH, a leading provider of secure connection of machines and plants for remote access, data collection, and M2M-communication. The addition of MB connect line supports Red Lion’s strategy to deliver secure, easy-to-use edge connectivity solutions – enabling organizations worldwide to gain secure real-time data visibility that drives productivity.
Hammond Manufacturing is pleased to announce the addition of two new manufacturer representative appointments. Since 2020, Federal Cable has represented Hammond’s Rack Mounting Solutions product division for Tennessee, Georgia, Alabama and the Florida Panhandle. Effective April 18, 2022, Hammond was selected by Texas-based Vertical Datacom Inc, to represent Hammond’s Rack Mounting Solutions product division for Texas, Arkansas, Oklahoma, Louisiana and New Mexico.
Littelfuse, Inc., an industrial technology manufacturing company empowering a sustainable, connected, and safer world, recently announced it has entered into a definitive agreement with an affiliate of Sun Capital Partners, Inc. to acquire C&K Switches at an enterprise value of $540 million.
FRABA’s CEO and majority shareholder, Christian Leeser has announced the sale of FRABA’s VITECTOR business unit to CEDES, a Swiss technology company specializing in sensor systems for elevators, escalators, and industrial doors.
Cummins Inc. and Meritor, Inc. recently announced that they have entered into a definitive agreement under which Cummins will acquire Meritor, a global leader of drivetrain, mobility, braking, aftermarket and electric powertrain solutions for commercial vehicle and industrial markets. Under the terms of the agreement, Cummins will pay $36.50 in cash per Meritor share, for a total transaction value of approximately $3.7 billion, including assumed debt and net of acquired cash.
Danfoss Power Solutions has rebranded its Walterscheid series of tube fittings. Following its acquisition of Eaton’s hydraulics business, Danfoss plans to continue investing in the product line under the new name Waltech. The Waltech name better aligns with the three connection systems that are part of the series: Walpro®, Walring™ and Walform®. The new name highlights the series’ leading technology and marks a new era of engineering innovation under Danfoss ownership.
Rittal Systems Ltd. Canada, congratulates Andreas Ruzic, Executive Vice President of Rittal North America, on his additional appointment as Chief Executive Officer of Rittal USA. This position adds operational management responsibilities to his current role of Executive Vice President of Rittal North America. In his expanded role, he will lead an executive team responsible for the growth of the business as well as the company’s operations, manufacturing, sales, and administrative functions.
Siemens Mobility today signed an agreement to divest Yunex Traffic, the international road traffic business, to Atlantia S.p.A. The Managing Board and Supervisory Board of Siemens AG have approved the planned transaction. The purchase price is €950 million (enterprise value). Closing is expected by September 2022, subject to the relevant regulatory approvals. Yunex Traffic is a leader in innovative and intelligent infrastructure and traffic solutions for roads and cities. As a global leader in mobility infrastructure technology and services, Atlantia is a long-term, strategically oriented new owner for Yunex Traffic.
This project is funded [in part] by the Government of Canada.
Ce projet est financé [en partie] par le gouvernement du Canada.
