Desktop Metal Inc. agreed to acquire ExOne Co. in a transaction intended to accelerate 3D printing for mass production.
Sandvik has signed an agreement to acquire 67 percent of Chuzhou Yongpu Carbide Tools Co., Ltd, a China-based maker of solid round tools, with a call option to buy the remaining part in three years.
Tide Rock Holdings, a San Diego-based holding company, recently acquired Plastic Molding Technology, a full-service precision injection molding company located in El Paso, Texas.
Manufacturing added 26,000 jobs in December with durable goods sectors doing the heavy lifting.
Power management company Eaton announced a $4.9 million award from the U.S. Department of Energy (DOE) to reduce the cost and complexity of deploying direct-current (DC) fast electric vehicle charging infrastructure (EVCI).
Bosch said it is moving forward with volume production of silicon carbide chips.
Key steps are virtual twins and real relationships.
Sandvik Coromant’s Package Selector Application analyzes a 3D CAD model of a product and recommends the smallest packaging possible using an AI algorithm that calculates the product’s rotation.
The acquisition of CAD/CAM pioneer Mastercam by Sandvik Manufacturing Solutions will help further tooling developments.
While fossil fuels dominate the energy market, expect a new mix of parts as renewable energy and EVs grow in market share.
