MANUFACTURING TECHNOLOGY
Federal Signal Corporation | October 04, 2022
Federal Signal Corporation (NYSE: FSS) (the "Company"), a leader in environmental and safety solutions, today announced that it has completed the acquisition of substantially all the assets and operations of TowHaul Corporation ("TowHaul"), a leading manufacturer of off-road towing and hauling equipment, for a purchase price of $46.1 million, subject to post-closing adjustments. The signing of the purchase agreement was previously announced on September 7, 2022.
"We are thrilled to complete the TowHaul acquisition, and strengthen our position as an industry-leading, diversified industrial manufacturer of specialized vehicles for maintenance and infrastructure markets, The acquisition creates a platform that can serve its global customer base with a broader range of world-class products and solutions and provides opportunity for long-term value creation through operational improvement and organic growth initiatives."
-Jennifer L. Sherman, President and Chief Executive Officer,Federal Signal.
The Company expects the acquisition to be accretive in 2023.
About Federal Signal:
Federal Signal Corporation (NYSE: FSS) builds and delivers equipment of unmatched quality that moves material, cleans infrastructure, and protects the communities where we work and live. Founded in 1901, Federal Signal is a leading global designer, manufacturer and supplier of products and total solutions that serve municipal, governmental, industrial and commercial customers. Headquartered in Oak Brook, Ill., with manufacturing facilities worldwide, the Company operates two groups: Environmental Solutions and Safety and Security Systems.
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MANUFACTURING TECHNOLOGY
KLA | September 30, 2022
KLA Corporation (NASDAQ: KLAC) has announced plans to build a new research-and-development (R&D) and manufacturing center for the SPTS division, in Newport, Wales, UK. The new development designed to meet BREEAM standard of sustainability rating of excellent is expected to include a capital investment of more than $100 million and create a 200,000 square foot facility. The new state-of-the-art innovation center and manufacturing facility will include offices, cleanrooms, storage and support facilities and accommodate up to 750 employees.
"SPTS has experienced significant growth in its business over the past several years and is a highly successful division of KLA, We are investing in the new site to support SPTS's growth and to establish additional facilities for the wider KLA European organization. Expanding in South Wales allows us to tap into the region's attractive talent pool and benefits from an appealing quality of life with access to many international sporting events, historic parks and outdoor activities. This area is also home to some of UK's leading universities and research institutes with strong semiconductor competencies and industry ties for collaborative research."
-Oreste Donzella, executive vice president of the Electronics, Packaging and Components (EPC) Group, at KLA.
We are committed to continuous innovation and providing solutions that help propel the semiconductor industry forward and deliver technologies that make a meaningful impact on our world, said Rick Wallace, president and chief executive officer of KLA Corporation. This investment and expansion in Wales will help us continue to develop wafer processing solutions for the high growth secular industries and build on the existing expertise in advance packaging and compound semiconductor processing technologies to strengthen our portfolio of solutions for 5G communications, electric vehicles, consumer electronics, datacenters, medical devices, and much more.
I'm delighted that KLA has made the decision to locate its new site in Newport and look forward to the many economic opportunities this will bring. We have worked closely with KLA behind the scenes to identify the best possible site for their new manufacturing and R&D site and have invested in the energy infrastructure to ensure that the site can offer the company everything they need. This is a strong endorsement of the semiconductor cluster in South Wales and the Welsh Government's sustained commitment to it over the past decade. We will continue to support and grow Wales' semiconductor cluster and to ensure we are maximizing the regional and global opportunities of this cutting-edge technology.
-Vaughan Gething Economy Minister, Welsh Government.
Adopting the globally recognized science-based sustainable and energy efficient design standards, the new facility will be designed to achieve a BREEAM Excellent rating, reflecting KLA's commitment to its environmental goals. The new innovation center will provide over 25,000 square feet of cleanrooms for R&D and more than 35,000 square feet of bespoke manufacturing assembly halls.
Inside the striking design of the building façade are three floors of high-quality working environments, providing staff with modern workspaces, flexible breakout areas and staff restaurant. With staff wellbeing a priority, the new building includes a gymnasium and a footpath to support employee fitness and health. There is ample secure cycle storage and shower facilities for those who take part in the company's Cycle Scheme or just cycle to work to keep fit and do their part for the environment.
A groundbreaking event to mark the commencement of the new development is planned for Oct. 5, 2022, and anticipated completion of the building in early 2025.
About KLA:
KLA Corporation ("KLA") develops industry-leading equipment and services that enable innovation throughout the electronics industry. We provide advanced process control and process-enabling solutions for manufacturing wafers and reticles, integrated circuits, packaging, printed circuit boards and flat panel displays. In close collaboration with leading customers across the globe, our expert teams of physicists, engineers, data scientists and problem-solvers design solutions that move the world forward.
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MANUFACTURING TECHNOLOGY
L&T Technology Services | October 03, 2022
L&T Technology Services Limited (BSE: 540115, NSE: LTTS), a leading global pure-play engineering services company, today announced that it is collaborating with Qualcomm Technologies, Inc. to deploy end-to-end solutions for the global 5G Private Network Industry utilizing their combined core expertise in the Hi-Tech & Telecommunication domain.
LTTS and Qualcomm Technologies will bring together core competencies in telecommunication solutions and services for the benefit of end-customers in the manufacturing and warehousing/logistics sector. As the demand for a connected world continues to grow rapidly, LTTS engineers are leveraging LTTS’ chip-to-cloud expertise to unleash the power of 5G and transform global manufacturing and supply chain processes.
Qualcomm Technologies, an industry leader in 5G globally, is accelerating the expansion of 5G connectivity, and its end-to-end domain expertise is enabling the growth of the broader technology ecosystem spanning 5G Private Network RAN, devices, automation and management solution and partner initiatives.
As part of the proposed collaboration, Qualcomm Technologies will engage Private Networks RAN Automation technology for the automation and management of small cells along with pre-integrated PN solutions. LTTS will facilitate end-to-end system integration, design and implementation of use cases, provide engineering consulting, and deployment services along with edge-to-cloud orchestration and management. Combining their diverse ecosystem strengths, both Qualcomm Technologies and LTTS are now enabling Industry 4.0 solutions for enterprises.
In line with the terms of the collaboration, LTTS will establish an engineering center of excellence in Santa Clara (California, US) with Qualcomm Technologies’ support to accelerate the adoption of 5G private wireless networks.
“With the increasing demand for a connected world, LTTS is constantly leveraging its chip to cloud design expertise to realize the power of 5G and reshape the ideas of business. 5G is a breakthrough technology and we, at LTTS, are well-poised to meet the demands of this rapidly evolving connectivity space in association with an industry leader like Qualcomm Technologies.”
-Abhishek Sinha, Chief Operating Officer and Board Member at L&T Technology Services.
Savi Soin, Senior Vice President, Business Development and Partnerships, Qualcomm Technologies, Inc. said, We are committed to expanding our one technology roadmap for a future that is connecting everything to the cloud. The Connected Intelligent Edge is where wireless technology, on-device computing, AI, and low power consumption are accelerating the digital transformation across industry verticals. Through this collaboration with LTTS, we are bringing innovative solutions and services to market that will accelerate digital transformation for smart manufacturing, factory, logistics and warehousing sectors globally.
About L&T Technology Services Ltd:
L&T Technology Services Limited (LTTS) is a listed subsidiary of Larsen & Toubro Limited focused on Engineering and R&D (ER&D) services. We offer consultancy, design, development and testing services across the product and process development life cycle. Our customer base includes 69 Fortune 500 companies and 57 of the world’s top ER&D companies, across industrial products, medical devices, transportation, telecom & hi-tech, and the process industries. Headquartered in India, we have over 21,400 employees spread across 19 global design centers, 28 global sales offices and 89 innovation labs as of June 30, 2022.
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