Industry Summary Articles

Sandvik has signed and completed an agreement to acquire 100% of the equity interests in the Switzerland-based Sphinx Tools Ltd and its wholly owned subsidiary P. Rieger Werkzeugfabrik AG ("Sphinx Tools"). Sphinx Tools’ offering primarily consists of precision solid round tools (micro tools) and surgical cutting tools. The customers are…

Stratasys Ltd., a leader in polymer 3D printing solutions, announced it has signed a definitive agreement to acquire the additive manufacturing materials business of Covestro AG. The acquisition is expected to be immediately accretive upon closing. It will include R&D facilities and activities, global development and sales teams across Europe,…

Blackline Safety Corp., a global leader in connected safety technology, provided a business update announcing a pricing increase on its hardware and services along with cost reductions that are collectively expected to significantly enhance Blackline’s financial strength and ensure long-term stability.  “As we discussed in our fiscal second quarter 2022…

Procore Technologies, Inc., a leading global provider of construction management software, announced financial results for the second quarter ended June 30, 2022. “Our second quarter results demonstrate the value we deliver to the construction industry, especially in a dynamic environment,” said Tooey Courtemanche, Founder, President and CEO of Procore. “Our…

What’s new MachineMaker: new interface, multiple robots support, the workpiece on the robot flange support; Added the ability to bind to the geometry of the machine when measuring with a tape measure MachineMaker Updates Updated the settings window in MachineMaker. Now all the settings are in one place and the…

Software providers RoboDK and BobCAD-CAM have announced their partnership by releasing a new plugin that allows machinists to program robots quickly and easily for machining applications. This new tool promises to make robot machining more accessible to machinists and could herald a whole new era in flexible machining for many manufacturers. RoboDK, a robotics software company…

Solidspac3 has released Spac3 2022, a SaaS solution that delivers interactive and prioritized QA/QC variance reports (VR3) within 12 hours. Spac3 makes it easy to visualize discrepancies between reality capture (point cloud) and design intent on a single platform, helping construction teams understand and fix installation issues before they require expensive…

The latest build of TransMagic, 12.31.300, includes the ability to read and write to CATIA V5 2022 (R32) and CATIA V6 2022 (R32), Creo 9.0, and ACIS 2022 (R32). There is also support for Inventor View 2023, which leverages the ability to read Inventor 2023 files. Also new in the…

3D Systems announced that Michael Turner will join the company as Executive Vice President and Chief Financial Officer, effective August 29, 2022. He will report to President and CEO, Dr. Jeffrey Graves, and will lead the company’s global finance organization, including accounting and controllership, financial planning, tax, treasury, and investor relations.…

Larsen & Toubro Infotech, a global technology consulting and digital solutions company, has partnered with Saviynt, a leading provider of enterprise cloud identity solutions. The partnership combines Saviynt Enterprise Identity Cloud with LTI’s Active XDR (eXtended Detection & Response) capabilities to provide organizations with improved identity management and security threat…