Press Releases

Gemspring Capital Management LLC ("Gemspring"), a middle-market private equity firm, is pleased to announce that an affiliate has acquired a majority interest in JTI Electrical & Instrumentation ("JTI" or the "Company"). JTI designs, engineers, and installs complex electrical and mechanical systems that enable industrial facilities to streamline mission-critical process functions, minimize downtime, and increase operational efficiencies. Since its f

Allied Motion Technologies Inc., a designer and manufacturer of precision and specialty controlled motion products and solutions for the global market, announced today that it has acquired Spectrum Controls, Inc. (“Spectrum”), an innovator and manufacturer of a wide variety of Industrial I/O and Universal Communications Gateway products. The purchase price was $70 million, of which $45 million was paid at closing with a combination of $27 million in cash and the remainder in the C

Bundy Group announces that it has advised MR Systems, a leading automation and cybersecurity solutions provider, in a sale to Inframark, an industry leader in the operations, maintenance, and management of water and wastewater facilities. Inframark is a portfolio company of New Mountain Capital, a New York-based private equity group. The transaction was led by Clint Bundy and Stewart Carlin, Managing Directors with Bundy Group. MR Systems has been a services leader in the water and

Siemens Gamesa has secured a new order in India from Ayana Renewable Power Six Private Limited to supply a 302MW project, providing another boost to the country’s wind energy drive. A total of 84 units of the SG 3.6-145 wind turbines will be installed for the project in the Gadag district, Karnataka State. Ayana first partnered with Siemens Gamesa in 2019 for a 300 MW solar farm in the state of Rajasthan and currently has 3 GW of renewable energy capacity under various stages

Akiem, the rolling stock leasing specialist, and Siemens Mobility announce Akiem’s firm order for 20 Vectron locomotives. The order has been finalised as part of a framework purchase agreement for locomotives, ancillary equipment and services signed August 2021. With this new contract, Akiem confirms its leadership of the European leasing market and its ambition to supply European freight and passenger operators with appropriate, efficient rolling stock. Efficient, saf

A new Freedonia Group analysis forecasts global demand for industrial valves to increase 4.9% per year to $103 billion in 2025, boosted by rising demand for more expensive valves with incorporated sensors. As systems automation and internet integration become increasingly common, valve suppliers are finding greater opportunities to differentiate their products and services. While the physical performance of valves remains of paramount importance, increasing use of more advanced tech

NICE  today introduced new AI-powered capabilities that enable organizations to maximize the benefits of Robotic Process Automation (RPA) for their business. Included in version 7.6, NICE RPA’s new capabilities include document digitization, ROI-based recommendation of ideal processes to automate, and a complimentary resource center with ready-made low-code/no-code resources for sharing. In addition to reducing process analysis time and automating manual tasks, the innovative new c

GE Renewable Energy announced today that it has been selected by Windkoepel Groen to repower part of the Windplan Groen project in Flevoland province in the Netherlands. Repowering involves replacing older units with new, higher capacity turbines or retrofitting them with more efficient components - in both cases, significantly increasing wind farm production while extending the wind farm life. As part of this repowering project, GE will be providing 26 Cypress 6.0-164 onshore wind

CallMiner, the leading provider of conversation analytics to drive business improvement, today announced it was named the 2021 CCW Excellence Award winner for Automation Solution of the Year. The award reinforces the power of the CallMiner platform to enhance customer experience (CX), agent performance and operational efficiency in the contact center and drive business improvement enterprise-wide. Announced at the flagship Customer Contact Week event in Las Vegas, the CCW Excellence

Delta Electronics, Inc.  a global leading provider of smart energy-saving solutions, today announced the agreement to acquire, through its subsidiary Delta International Holding Limited B.V., UI Acquisition Holding Co., owner of Universal Instruments Corporation and its worldwide branches and subsidiaries for an estimated amount of US$88.9 million. Universal Instruments, a global leader in precision automation solutions for smart manufacturing, boasts a lineage of over 100 years and prov

ADNOC Drilling Company PJSC  and Helmerich & Payne, Inc. today jointly announced the finalization of the Rig Enablement Framework Agreement . The Framework Agreement will advance ADNOC Drilling’s land rig operational performance, as well as support its ambitious growth and expansion plans. Focused on improving drilling efficiencies and unlocking operational savings, the Framework Agreement builds on the Asset Purchase Agreement and IPO Cornerstone Agreement announced

ABB is investing CA$16 million in its Installation Products Division manufacturing facility in Pointe-Claire, Canada. This enables expanded production capacity to meet the growing needs of customers from coast to coast. “ABB’s investment is part of a five-year strategy to integrate new digital processes and automation across our operations,” says Matthias Heilmann, President, ABB Installation Products Division. “With our customer-first approach, this enables

Emerson  today announced it has acquired Mita-Teknik in an all-cash transaction. Founded in 1969, Mita-Teknik is a leader in the control automation business for wind power generation, equipping wind turbines and wind farms with technologies for optimal performance and unsurpassed reliability. This acquisition is highly complementary to Emerson’s existing control system portfolio and supports the company’s ability to help customers in their quest to digitally transform operati

GE Hitachi Nuclear Energy (GEH), BWXT Canada Ltd. and Synthos Green Energy (SGE) today announced their intention to cooperate in deploying BWRX-300 small modular reactors (SMR) in Poland. SGE, together with its partners, desires to deploy at least 10 BWRX-300 SMRs in Poland by the early 2030s and through the letter of intent that was announced today during a ceremony at BWXT Canada’s Cambridge, Ontario headquarters, BWXT could manufacture a wide range of products including rea

Mirion Technologies, Inc., a global provider of detection, measurement, analysis and monitoring solutions to the medical, nuclear, defense, and research end markets, today announced the release of the Hyperion™ Compact Digital High Radiation Tolerant Camera, now offered in color and monochrome versions. With the Hyperion Compact camera’s digital performance and radiation tolerance, cost of ownership can be reduced while performance is enhanced—all within a compact package.