Industry News: Page 18

Hexagon Acquires Xwatch

Xwatch provides machine control hardware and software technologies designed to enhance safety protocols on construction sites, including height control, slew control and rated capacity indication for heavy machinery.

Brokk Opens New Distribution Center in Canada

The new 4,000-foot distribution facility marks an expansion of its network and will house the full line of demolition machines with attachments as well as Aquajet Hydrodemolition robots and parts inventory for both brands.

Brokk, manufacturer of remote-controlled demolition machines, recently opened a distribution center in Hamilton, Ontario.

Volvo CE Takes Minority Stake in VizaLogix

Volvo Construction Equipment

Volvo CE has taken a 22% ownership stake in VizaLogix, a U.S.-based software-as-a-service (SaaS) company specializing in digital, brand-neutral solutions for machine monitoring, servicing and tech support.

Vizalogix Volvo Ce

Freudenberg Xpress Acquires Trygonal Group

Freudenberg Sealing Technologies - NOK

The purchase strengthens the company's global business unit, Freudenberg Xpress, an expert in small and medium batch sizes, rapid prototyping and customer-specific sealing solutions.

Fst Img Freudenberg Xpress

Oshkosh Corporation to Acquire AUSA

Oshkosh Corporation

Upon closing, AUSA will become part of the Oshkosh Access segment. The companies began working together through a partner agreement in 2020, with AUSA manufacturing the JLG-branded SkyTrak 3013 compact telehandler.

Ausa Release Image

Market Analysis

Q1 2024 Truck Production Index Points to Modest Decline

Power Systems Research

Power Systems Research's Truck Production Index suggests medium and heavy commercial vehicle production in many areas is expected to decline, while production in China, South America, Japan and Korea is expected to improve over last year.

Adobe Stock 97833893

Kohler Co. Closes Transaction to Establish Kohler Energy as Independent Business

Global investment firm Platinum Equity is now the majority owner of the Kohler Energy business, and Kohler Co. remains an investment partner. Financial details are not being disclosed.

Kohler Co. and Platinum Equity have announced the companies have closed the transaction to establish Kohler Energy as a separate, independent business.

SAE International Terminates CEO

SAE International

The move follows a formal investigation that revealed behaviors and actions inconsistent with the organization's code of conduct, culture and values. Carla Bailo and Greg Bradley will serve as co-CEOs until a replacement is named.

Cummins Promotes Allison Trueblood to VP, Cummins Emission Solutions

Effective May 1, 2024, the former Cummins Fuel Cell and Hydrogen Technologies leader steps into her new role and aims to to grow business and execute on the company's Destination Zero strategy.

Vermeer's Andringa Inducted Into Horizontal Directional Drilling Association Hall of Fame

Andringa’s journey began in the late 1980s when she expanded on the vision of the founder of Vermeer, Gary Vermeer, who aimed to install utilities underground without disturbing the surface.

Under the leadership of Andringa, Vermeer introduced the first HDD for testing in 1991.

Regal Rexnord Corporation Closes Sale of Industrial Motors & Generators Business to WEG

Regal Rexnord Corporation

The company closed the transaction for total consideration of $400 million and anticipates that aggregate net proceeds will approximate $355 million, which the company intends to use the aggregate net proceeds from the transaction to reduce its debt.

Screenshot 2024 04 30 154753

AEF & AgGateway Highlight Digital Infrastructure at National Mall Event

Agricultural Industry Electronics Foundation (AEF)

Taking place May 6-8, 2024, in Washington, D.C., the event provides an opportunity for the ag industry and legislators to share in a dialogue together, promoting a better understanding of regulations, compliance and challenges.

Taking place May 6-8, 2024, in Washington, D.C., the event provides an opportunity for the ag industry and legislators to share in a dialogue together, promoting a better understanding of regulations, compliance and challenges.

Page 18 of 866