Press Releases

Valmet has been selected in a new public procurement process as the tenderer for completing the biomass boiler, flue gas cleaning and flue gas condensing system works for Vilnius Combined Heat and Power Plant (Vilnius CHP) in Lithuania. Vilnius CHP is working on a modern heat generation capacity expansion project in the Vilnius central heating system. The new public procurement process was needed since the original contractor was unable to complete the works. The order is included i

Red Hat Summit – Red Hat, the world's leading provider of open source solutions, and Kyndryl, the world's largest IT infrastructure services provider, today announced a strategic partnership to help customers embrace open, differentiated automation technologies and managed services to modernize core business applications and IT infrastructure, while enabling scalable enterprise operations and greater resilience with advanced security capabilities. Together, Red Hat and Kyndryl w

As part of a joint industry collaboration to automate agricultural solutions, Blue White Robotics, Federated Wireless and Intel today announced a first-of-a-kind implementation, which greatly reduces the barriers for growers to adopt automation that can improve business outcomes while addressing labor shortages. Partnering with a California winery, the collaborators adapted existing farm equipment to perform autonomous tasks and connected the fleet over a private wireless network. A

Precisional, an affiliate of The Jordan Company ("TJC"), announced today that it has completed the previously announced transaction to acquire four industrial technology businesses from Trimble. The acquired businesses include Protempis (formerly Trimble Time and Frequency), LOADRITE, Spectra Precision Tools, and SECO. Financial terms were not disclosed. TJC, a private equity firm, formed Precisional LLC, ("Precisional"), as a global platform focused on precision

Devo Technology, the cloud-native logging and security analytics company, today announced the acquisition of Kognos, the autonomous threat hunting pioneer. Financial terms were not disclosed. Kognos CEO Rakesh Nair, the former Head of Engineering at Netwitness/RSA, will join Devo as Vice President, Engineering. This acquisition combines Devo, the industry’s most scalable cloud-native logging and security analytics platform, with Kognos to deliver on what Devo calls the “

NI announced it has officially closed the purchase of the test systems business of Kratzer Automation AG (Kratzer), a European leader in providing holistic customer solutions for electric vehicles (EV). The addition of Kratzer further expands NI’s investment in the high growth area of vehicle electrification and enhances customer connections with automotive customers leading the EV transformation. By providing EV testing software and fully integrated test systems, NI will help

Siemens Gamesa ended a complex second quarter that continued to be marked by volatile market dynamics and by the challenges posed by the ramp-up of the Siemens Gamesa 5.X platform, which was more complex than initially envisaged. The company has already implemented a number of actions to urgently address the short-term headwinds and stabilize the business, and is already defining a plan to improve medium-term profitability and maximize its long-term potential. Siemens Gamesa reporte

GE Renewable Energy's Hydro and Grid Solutions businesses have jointly signed a contract to technologically upgrade the Itaipu hydropower plant in Brazil, the second largest in the world*. A consortium led by GE Hydro Solutions will be responsible for the upgrade of the power plant, which has an installed capacity of 14 GW and is located on the Paraná River between Brazil and Paraguay. The project, considered the largest technological upgrade of the hydropower plant since

Global industry is accelerating its investment in energy efficiency in the next five years as the crucial race towards Net Zero intensifies, a new survey finds. The Energy Efficiency Investment Survey 2022 comes in the wake of a recent UN report calling for concerted action from countries to cut greenhouse emissions at a faster rate. The global survey conducted by Sapio Research targeted 2,294 companies in 13 countries, ranging in size from 500 to 5,000 or more employees. It offers

The new partnership between Q-tronic BV (Holland-based powertrain system integrator) and Italy’s Flash Battery, a leading producer of custom lithium batteries with over 500 different models and more than 200MWh supplied in 54 countries around the world, has its sights on one of the most electrification-oriented markets in the world. The Netherlands, Belgium and Luxembourg are the focus of the alliance between the two companies. As pointed out by Flash Battery CEO Marco Righi a

Itron, Inc., which is innovating the way utilities and cities manage energy and water, announced that Yokogawa India Ltd. (Yokogawa), an affiliate of Yokogawa Electric Corporation, has deployed Itron’s Water Operations Management solution in Satna, Madhya Pradesh, India. The Water Operations Management solution is part of the Satna Smart City project, where Satna Smart City Development Limited (SSCDL) helps monitor and reduce water loss in the city’s water transmission network. Sa

Toyota Material Handling (TMH) has partnered with a Toronto-based virtual reality (VR) company – VR Vision – to provide VR learning resources that will supplement existing training programs for onboarding service technicians and other professionals. “Our vision is to provide a learning environment that resonates with current and future generations of technicians,” said Holly Brotzman, TMH’s Dealer Training Manager. “While hands-on product training

Valmet is introducing a new wet electrostatic precipitator for the marine industry to enhance emission control. The solution goes even further than the global regulations, set by the International Maritime Organization (IMO) in 2020, as it allows harmful particulate matter to be removed from the exhaust gas flow. “For years we have been developing solutions to help the marine industry reduce its emissions. The new wet electrostatic precipitator now enables our customers to red

Headquartered in the Spanish city of Bilbao, Iberdrola, one of the world’s largest electric utilities and the world's largest wind power producer, aims to become carbon neutral across Europe by 2030. To achieve this goal, it is systematically implementing its environmentally-friendly and sustainable business model. To this end, Siemens Smart Infrastructure has been commissioned by i-DE Redes Eléctricas Inteligentes SAU, the company responsible for power distribution activitie

Shanghai International Furniture Machinery & Woodworking Machinery Fair (WMF) is one of the most established and professional woodworking machinery exhibitions of its kind in Asia since 1986. In view of the rising demand in innovative technologies across the entire supply chain of furniture production and woodworking industry, WMF has been collocating with CIFF (Shanghai) at Shanghai Hongqiao, China since 2018 to serves as a one-stop sourcing platform connecting upstream and downstream en