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Sandvik to Acquire Chinese Round Tools Maker

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.

SMW Autoblok Acquires Tecnomagnete

SMW Autoblok Group, a provider of industrial workholding solutions, has acquired Tecnomagnete, the world’s leading manufacturer of permanent electromagnetic clamping and lifting systems.

LIMS Edge Device Expedites Entry into Industry 4.0 Production, Competitiveness

LIMS—the Low Investment Manufacturing System—is an unassuming little box consisting of a computer with proprietary Solution Engine software and an I/O hub that plugs into a standard outlet. When wired at the edge of a piece of production equipment, it becomes a simple solution for collecting and sharing complex sensor-derived data.