Helios Technologies, Inc. | January 19, 2023
Helios Technologies, Inc., a global technology leader in the hydraulics and electronics markets, has signed a definitive agreement to acquire Schultes Precision Manufacturing, Inc. Schultes, a precision machined components and assemblies manufacturer for customers with extremely tight tolerances, excellent quality, and exceptional value-added manufacturing process requirements. Schultes consistently delivers manufacturing quality, reliability, and responsiveness crucial to its customers' success and is currently serving the communication, hydraulic, aerospace, food services, medical devices, and dental industries.
Schultes acquisition will help Helios move into new end markets with complementary manufacturing expertise and favorable secular tailwinds. It will also open new avenues into communication, food services, communication, as well as the life sciences sector, including those for medical devices and dental applications. As a strategic partner, Schultes, gives Helios more depth in manufacturing processes which can be used to expand its "in the region for the region" strategy.
In 2022, Schultes had roughly $30 million in revenue, and currently operates from its newly expanded 110,000 square foot facility based on seven acres with roughly 20,000 square feet of additional space for future growth. In addition, Schultes provides rapid growth applications to its customers, from prototype to full-rate production.
Josef Matosevic, Helios’ President and Chief Executive Officer, said, “Schultes is an excellent bolt-on flywheel acquisition to add to our Hydraulics segment. It brings process technology and know-how that advances our ability to serve our customers with a broader product and solutions portfolio.” He further added, “It also expands and diversifies our markets and continues to optimize our manufacturing and operating footprint. Schultes is yet another strong standalone business with a healthy margin profile that fits perfectly into our Hydraulics business. This transaction is another milestone that further validates that we are making great progress against our augmented strategy and long-term goals.”
(Source – Businesswire)
Helios expects the acquisition to be completed in the first quarter of 2023, subjected to customary closing conditions. The terms were not disclosed.
About Helios Technologies, Inc.
Helios Technologies is a leading motion control and electronic controls technology provider for a wide range of end markets, such as agriculture, construction, energy, material handling, recreational vehicles, maritime, and health and wellness. It develops and manufactures innovative products and solutions, including customized electronic control systems, hydraulic cartridge valves and quick-release couplings. Helios' products are sold to customers in over 90 countries worldwide. The company's growth plan is to be the leading provider of premier products and solutions in niche areas through innovative product creation and acquisition.
MANUFACTURING TECHNOLOGY,DIGITAL TRANSFORMATION,ROBOTICS AND AUTOMATION
Allied Electronics & Automation | January 24, 2023
Allied Electronics & Automation is the largest authorized distributor of industrial control equipment in North America, offering over 197,000 products optimized for industrial control systems. It is a trading brand of RS Group plc, a global omni-channel product and service solutions provider.
Industrial control systems (ICS) are systems, devices, networks, and controls used to electronically operate or automate industrial processes in public utilities, manufacturing, chemical and petrochemical, food and beverage, pharmaceutical, oil and gas, automotive, and transportation industries. System sizes can range from a few modular controllers to massive control systems with thousands of field connections.
Allied supports the distinct needs of different ICS with a wide range of industrial control products and a highly experienced, reliable, and responsive technical staff committed to helping customers find the right solutions for their systems.
Allied provides cable entry and exit solutions for industrial control cabinets, including ILME rectangular connectors and Mencom cable gland adapters. These solutions allow for secure wiring connections with contactors inside the cabinet (available from suppliers such as Joslyn Clark) and support high-precision machinery and equipment outside the cabinet, including linear motion technology from suppliers that include SCHNEEBERGER.
Allied's industrial control solutions include contactors, control stations, controllers, disconnect switches, electric linear actuators, electronic and mechanical counters, inductive signal couplers, machine guarding and machine safety equipment, mechanical power transmission equipment, panel meters, power outlets, power transfer switches, robots, signal conditioning and converter devices, slip rings, solenoids, and timers.
About Allied Electronics & Automation
Allied Electronics & Automation is a trading name of RS Group plc, a leading global omni-channel industrial product and service solutions supplier to customers developing, building, and maintaining industrial equipment and operations safely and sustainably. The company ships roughly 60,000 shipments daily through numerous methods to 32 countries. It assists customers throughout the product life cycle through innovation and technical support during the design phase, improved time to market and productivity during the build phase, or reduced purchasing costs and inventory optimization during the maintenance phase. The company provides customers with customized product and service offerings that are critical to the success of their businesses and help them save time and money.
sakuu | February 20, 2023
Solid-state battery and transformative additive manufacturer, Sakuu Corporation, recently announced that it has successfully and reliably printed fully functional, high-performing batteries in unique shapes and sizes using 3D printing since December 2022. In Sakuu's battery pilot line facility in Silicon Valley, these batteries were printed as patterned cells with patterned holes for thermal management using a totally dry process.
Sakuu is the first firm to 3D print fully functional batteries with patterned openings for heat management in unique forms and sizes using a 100% dry process
Sakuu is on track to produce printed batteries at an industrial scale for use in a variety of sectors, including grid energy storage, EVs, aerospace, and e-mobility
KavianTM platform enables high-volume manufacturing speeds for printed batteries, including lithium-ion, lithium metal, and solid-state batteries
Sakuu also intends to license its battery chemistries, including solid-state and Li-metal, for production using either conventional roll-to-roll manufacturing or in gigafactories leveraging KavianTM manufacturing.
Robert Bagheri, Sakuu Founder and CEO, said, “We believe we have the only known solution for manufacturing solid-state batteries at scale with our novel Kavian platform. Collectively, our additive manufacturing and battery teams have accomplished what most thought impossible.” He further added, “Printing custom patterned batteries using a dry process that starts with raw material and concludes with a fully functional high-performance battery is a breakthrough that has the potential to transform how batteries of the future are manufactured for all industries. This milestone advances integration between our Kavian platform and our commercial-scale battery production plans towards an energy output goal of 200GWh by 2030 via a network of global partner gigafactories.”
(Source – Business Wire)
Sakuu is a transformative additive manufacturing and solid-state battery company. The firm’s recyclable battery cells offer high performance and safety. The company produces their solid-state batteries via the Kavian platform, which offers high-volume, sustainable, and rapid manufacturing of solid-state batteries to meet the increasing mass-market demand.