Industry Summary Articles

Dassault Systèmes and Peugeot Sport, the motorsports division of Stellantis, announced their partnership to simulate and optimize the aerodynamics of the PEUGEOT 9X8 Hybrid Hypercar for the 2024 endurance racing season, and demonstrate high-performing electric mobility in motorsports that creates value for Stellantis’ automotive brands. Dassault Systèmes’ SIMULIA PowerFLOW application,…

ALLPLAN, provider of BIM solutions for the AEC industry, has announced the latest update of Allplan 2024 which further accelerates productivity and innovates design-to-build workflows. The Allplan 2024-1 service release delivers extended tools to plan and execute construction more efficiently. New cloud-based processes and enhanced BIM functions support more sustainable design and…

Aspen Technology, Inc., a global leader in industrial software, today introduced AspenTech Strategic Planning for Sustainability Pathways™ – a new and unique integrated modelling and optimization solution that aims to guide companies in carbon capture utilization and storage decision making and sustainability strategy investments. The AspenTech Strategic Planning solution was…

487 manufacturers and more than 1,680,000 data sets are available with the update April 11, 2024. New manufacturer catalogs China Leadshine Technology Co., Ltd. – 178 new data sets with amplifiers and controllers Sichuan Odot Automation System Co., Ltd. – 71 new data sets with PLC Sauter AG – 29 new data…

PlanHub, the leading cloud-based preconstruction software (SaaS) platform, has announced the rollout of a new-and-improved private planroom experience. Building upon the all-in-one solution's already-extensive array of tools, PlanHub's new and improved private planroom helps general contractors network, find more qualified subcontractors for their projects and simplify bid management like never…

ALLPLAN and BIMcollab proudly announce the official launch of their integrated solution for streamlined issue management within BIM projects. This solution provides enhanced collaboration, reduced errors, and accelerated checking processes.  In many BIM projects, issue management is paramount, and the seamless integration of the BIMcollab cloud-based issue management tool with…

The HOMAG Group acquired the remaining 20 percent of the shares in System TM at the beginning of April 2024. HOMAG had already acquired 80 percent of the Danish engineering and manufacturing company in 2020. System TM offers machines and services for solid wood processing. The resulting elements can be…

Sandvik has signed an agreement to acquire a majority stake in the leading China-based company Suzhou Ahno Precision Cutting Tool Technology Co., Ltd. (Ahno) from the current majority owner, Ningbo Baosi Energy Equipment Co., Ltd and related parties. The company will be reported within the business area segment Sandvik Machining…

GROWTH, EARNINGS IMPROVEMENT AND STRONG CASH FLOW»We started 2024 with 22 percent growth. A stronger market in the USA, the acquisition of Team D3 and cost efficiency measures contributed to a 15 percent increase in earnings per share. We will continue to pursue daily improvements, while also investing in new…

FARO®, the global leader in 3D digital measurement, imaging and realization solutions, announced that after market close on Wednesday, May 1, 2024, it will release its financial results for the first quarter ended March 31, 2024. In conjunction with the release, Peter Lau, President and Chief Executive Officer, and Matthew Horwath, Chief Financial Officer,…