NEWS

For our visitors who seek the latest industry news and updates to keep abreast with the goings-on of the business on a global scale, Plant Automation Technology portal grants a dynamic and diverse feed of news items.

Gamesa, Siemens Negotiating Final Terms of Wind Merger

German engineering group Siemens and Spanish renewable energy group Gamesa (GAM.MC) are in final negotiations on a deal to merge their wind power assets, two sources familiar with the situation told Reuters on Wednesday. "They are all sitting together in Madrid at the moment," one of the sources said, adding…

Siemens signs long-term service agreement for existing power stations in Egypt

Siemens has extended a long-term contract to provide service and maintenance, as well as component upgrades, at the Nubaria, Talkha and El Kureimat power stations in Egypt. The agreement was signed under the supervision of Egyptian Electricity Holding Company (EEHC), represented by Middle Delta Electricity Production Company and Upper Egypt…

GE’s Jenbacher Technology Powering Trigeneration Plant in Italy

GE announced today that its Jenbacher J312 gas engine at Ramaplast S.p.A.’s trigeneration plant in Italy has recently entered commercial operation. The plant provides more than 600 kilowatts of electrical power year round and more than 700 kilowatts of thermal power in the winter and summer months. Ramaplast also signed…

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Everyone has focused on whether Ocado, the online grocery delivery group, was going to be taken over by Amazon. And when it confirmed that Amazon was not in talks with the company, the share price plummeted. But this is just a distraction. Ocado is one of Britain’s most exciting tech…

ABB wins major switchgear contract with Scottish Power Renewables for Kilgallioch Windfarm

ABB has won a major contract to supply the medium voltage (MV) switchgear that will connect the wind turbines to the grid at ScottishPower Renewables’ new Kilgallioch Windfarm in south-west Scotland. Once it is complete in the first half of 2017 the project will be the UK’s third largest onshore…

Diamond Offshore and GE Oil & Gas enter into industry’s first performance-based subsea blowout preventer service agreement

Diamond Offshore Drilling, Inc. and GE Oil & Gas announced the offshore drilling industry’s first-of-its-kind contractual service agreement (CSA) that transfers full accountability for BOP performance to GE Oil & Gas. In this Pressure Control by the Hour™ model, Diamond Offshore will compensate GE Oil & Gas only when the…

Egemin Automation acquires US systems integrator Retrotech

The KION Group and its automation brand Egemin Automation further strengthen their expertise in the fast-growing market for automated warehouse systems in North America by acquiring Retrotech, an established US systems integrator of warehouse and distribution solutions. The KION Group has signed an agreement to purchase the company, which is…

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Genesis Automation, a Cork-based provider of software products to the healthcare sector, has secured €6 million in funding from the alternative financing provider IPF Partners. The debt financing is to be provided in three separate, equally-sized tranches with a maturity of four years each. Genesis, which has developed a range…

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IDEX Corporation announced that it has entered into a definitive agreement to acquire Akron Brass Holding Corp. (the “Company”), an indirect wholly-owned subsidiary of Premier Farnell plc (“Premier Farnell”), and a global leader in the manufacturing of safety equipment and emergency response equipment, for a cash consideration of $224.2 million,…

Siemens to slash 1,000 jobs at energy-related unit

German industrials conglomerate Siemens is cutting or transferring to other countries more than 1,000 jobs at a unit making gear for oil drillers and mining companies, as low oil prices have depressed capital spending, a German daily reported. Siemens was making the cuts because the Process Industries and Drives Division…