Additive Manufacturing

Nexa3D Plans to Acquire Essentium for Broadened Capabilities

Nexa3D Plans to Acquire

Nexa3D, an ultrafast 3D printing leader, has taken a substantial step in staking its leader position in the industrial additive manufacturing space by signing a LOI to acquire Essentium, a manufacturer of HSE 3D printers and materials, adopted for high requirement, precision applications in aerospace, defense, and military. With this acquisition, Nexa3D will add high-speed extrusion (HSE) to its current product portfolio. The acquisition would broaden capabilities, diversify revenues, and expand addressable markets for the fast-growing 3D printing company.

Avi Reichental, Co-founder, Chairman, and CEO of Nexa3D, stated that they are looking forward to welcoming the Essentium team to Nexa3D’s family. The acquisition will be a testament to their unwavering commitment to pushing the boundaries of 3D printing technology. He continued that by joining forces with Essentium, they aim to create synergies to deliver unmatched value to their customers. Together, they will drive ultrafast additive manufacturing innovation and provide even more powerful solutions for manufacturers seeking to achieve their production goals.

Essentium, known for its variety of materials portfolio, true independent dual extruders (IDEX) and award-winning high-speed extrusion 3D printers, has provided solutions for complex polymer production applications 5 to 15 times quicker than other competing extrusion technologies. Essentium’s commitment to reliability and innovation has made it a go-to choice for manufacturers worldwide.

Nexa3D has rapidly emerged as a leader in the 3D printing space, delivering excellent production solutions for businesses across various sectors. Best known for its ultrafast 3D printers, from desktops to the factory floor, its technology has redefined the possibilities of 3D printing production, enabling unparalleled productivity, material flexibility, and accuracy. Adopted by around 1200 customers all over the world, its printers have become the go-to solution for high-throughput production applications.

This acquisition is expected to close by the end of this year or as soon as practicable afterward. Both Essentium and Nexa3D are committed to ensure a smooth transition and for maintaining uninterrupted services to existing and prospective customers.

About Nexa3D

Nexa3D is committed to the sustainable digitization of supply chains, driven by its relentless pursuit of advancing additive manufacturing. The company engineers ultrafast polymer 3D printers, capable of delivering remarkable productivity gains, up to 20 times greater, to professionals and businesses of varying sizes. Innovative partnerships with renowned material suppliers, combined with an open materials platform, serve as the catalyst for unlocking the full potential of additively manufactured polymers, particularly in volume production. Nexa3D leverages automated software tools, employing process interplay algorithms that optimize the production cycle.

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Smart Factory

Qorvo Forms a Strategic Partnership With Luxshare

Qorvo | December 20, 2023

Qorvo® a leading global provider of connectivity and power solutions, today announced that it has reached a definitive agreement with Luxshare Precision Industry Co., Ltd. a global advanced contract manufacturer, under which Luxshare will acquire Qorvo’s assembly and test facilities in Beijing and Dezhou, China. The companies anticipate completing the transaction by the first half of calendar 2024, subject to receipt of regulatory approvals and the satisfaction or waiver of other closing conditions. Upon closing, Luxshare will acquire each facility’s operations and assets, which include the property, plant and equipment, as well as the existing workforce, to enable seamless continuity of operations. Qorvo will continue to maintain its sales, engineering and customer support employees in China to continue serving customers. Following the close of the transaction, Luxshare will assemble and test products for Qorvo under a newly established long-term supply agreement. The Beijing and Dezhou facilities primarily support Qorvo’s highly integrated advanced cellular products. Luxshare is a trusted supplier to many of the world’s leading electronics companies and will provide seamless and flexible access to best-in-class production capacity while expanding its offerings and capabilities. Bob Bruggeworth, president and chief executive officer of Qorvo, said, “The Beijing and Dezhou facilities have been an important part of our history and manufacturing network for decades. After carefully considering multiple alternatives over the past few years, we feel that we have found the right partner to continue supporting our customers from these factories. Given Luxshare’s scale and well-established, high volume manufacturing competency, we are confident that they will ensure continuity, maintain high levels of quality, and be another outstanding strategic partner in our supply chain that allows us to serve our customers worldwide.” Grant Brown, chief financial officer of Qorvo, said, “This transaction furthers our efforts to reduce capital intensity while supporting our long-term gross margin objectives and ensuring continuity for our customers in China.” The Beijing and Dezhou facilities will continue to operate as part of Qorvo’s global manufacturing network until the closing of the transaction. After the closing, Qorvo’s assembly, packaging and test network will continue to include its facilities in the United States, Costa Rica, and Germany, as well as valued leading global outsourced semiconductor assembly and test (OSAT) partners. About Qorvo Qorvo supplies innovative semiconductor solutions that make a better world possible. We combine product and technology leadership, systems-level expertise and global manufacturing scale to quickly solve our customers' most complex technical challenges. Qorvo serves diverse high-growth segments of large global markets, including consumer electronics, smart home/IoT, automotive, EVs, battery-powered appliances, network infrastructure, and aerospace/defense.

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Additive Manufacturing

Caterpillar Signs Strategic Agreement with CRH for Electric Off-Highway Trucks and Charging Solutions

Caterpillar Inc. | January 08, 2024

Caterpillar Inc, announced it has signed an electrification strategic agreement with CRH to advance the deployment of Caterpillar's zero-exhaust emissions solutions. CRH is the number one aggregates producer in North America and the first company in that industry to sign such an agreement with Caterpillar. The agreement is focused on accelerating the deployment of Caterpillar's 70 to 100-ton-class battery electric off-highway trucks and charging solutions at a CRH site in North America. Through the agreement, CRH will participate in Caterpillar's Early Learner program for battery electric off-highway trucks, testing and validating the units in real-world applications. CRH will also provide voice of customer feedback to address safety, performance, operational and compliance requirements for the aggregates industry. "We are pleased to work with CRH, as our first aggregates industry customer, to expand our electrification solutions beyond mining. When it comes to sustainability, the quarry and aggregates industry requires diverse solutions. Our collaboration with CRH is an exciting opportunity to learn together and gain valuable insights into how our products can best support CRH's long-term objectives to decarbonize its operations," said Resource Industries Group President Denise Johnson. The collaboration supports CRH's climate-related objective of reducing greenhouse gas emissions from its operations by utilizing more sustainable equipment. CRH has set a target to deliver a 30% reduction in absolute carbon emissions by 2030 (from a 2021 base year) and an ambition to be a net-zero business by 2050. Scott Parson, President, CRH Americas Materials Solutions said, "At CRH, we recognize that collaboration and innovation are critical to delivering our industry-leading decarbonization targets and achieving our ambition of net-zero by 2050. Through this partnership with Caterpillar, we will advance the use of sustainable equipment in our operations and build on our shared commitment to a low-carbon future." About Caterpillar With 2022 sales and revenues of $59.4 billion, Caterpillar Inc. is the world's leading manufacturer of construction and mining equipment, off-highway diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives. For nearly 100 years, we've been helping customers build a better, more sustainable world and are committed and contributing to a reduced-carbon future. Our innovative products and services, backed by our global dealer network, provide exceptional value that helps customers succeed. Caterpillar does business on every continent, principally operating through three primary segments – Construction Industries, Resource Industries and Energy & Transportation – and providing financing and related services through our Financial Products segment. About CRH CRH is the leading provider of building materials solutions that build, connect and improve our world. Employing c.75,800 people at c.3,160 operating locations in 29 countries, CRH has market leadership positions in both North America and Europe. As the essential partner for road and critical utility infrastructure, commercial building projects and outdoor living solutions, CRH's unique offering of materials, products and value-added services helps to deliver a more resilient and sustainable built environment.

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Smart Factory

TeamViewer to drive smart factory innovation with strategic investments in manufacturing analytics and IoT

TeamViewer | December 13, 2023

TeamViewer, a leading global provider of remote connectivity and workplace digitalization solutions, announced strategic investments in two pioneering companies for smart factory solutions: Sight Machine and Cybus. With a total investment of a low double-digit million EUR amount, the company is strengthening its commitment to the digital transformation of industrial working environments and the convergence of Information and Operation Technology (IT & OT). Investment in Sight Machine - Empowering data-driven manufacturing Sight Machine, a US-based company and Microsoft partner, provides a manufacturing data platform that collects, structures, and analyzes data from manufacturing operations. It uses innovative AI applications to provide insights into areas such as quality control, system-level plant performance, and predictive maintenance, enabling data-driven decisions that vastly improve operating efficiency, sustainability and resilience. With its investment, TeamViewer becomes a major shareholder and part of Sight Machine's Board of Directors. To further drive manufacturing efficiency in industrial environments, the two companies will collaborate on a joint product offering and go-to-market strategy. Jon Sobel, Co-Founder and CEO at Sight Machine said: "We are excited to join forces to offer a combined solution with TeamViewer's market leading remote connectivity. With its German and European roots, TeamViewer is closely tied to the regional manufacturing industry. This investment is testament to our shared commitment to harnessing the power of data to shape the future of smart factories." Investment in Cybus - Advancing industrial IoT solutions Cybus, a German software company, specializes in industrial IoT solutions for large scale manufacturing environments. Cybus' data hub collects, processes, and distributes industrial data, enabling seamless communication between heterogeneous devices, machines, and processes in the smart factory. It supports scalable configurations along multiple factory sites and is tailored for production-critical activities. Globally operating enterprises such as Liebherr and KRONE improve the efficiency and sustainability of their manufacturing processes with Cybus IoT solutions. As lead investor in Cybus' current financing round and part of the advisory board, TeamViewer will actively collaborate and provide strategic guidance regarding the company's development. Peter Sorowka, CEO at Cybus, said: "Partnering with a global market leader like TeamViewer is instrumental in tackling the challenges of industrial digitalization. Together, we want to shape this transformation and improve manufacturing efficiency." Fostering the evolution of smart factory solutions The investments in Sight Machine and Cybus pave the way for TeamViewer's development into a leading enterprise software provider at the intersection of manufacturing infrastructure and IT systems as well as data analytics. Oliver Steil, CEO at TeamViewer emphasized: "With our solutions, customers can access the broadest range of IT as well as embedded devices. This strength has led to our position as the de facto standard in remote connectivity. Additionally, we have developed into the frontline productivity space with AR workflows. Therefore, investing in shop floor digitalization and factory connectivity is a logical next step for us. Together with Sight Machine and Cybus, we are going to further drive the evolution of smart factory solutions and position TeamViewer as a catalyst in shaping the future of industrial digitalization." About TeamViewer TeamViewer is a leading global technology company that provides a connectivity platform to remotely access, control, manage, monitor, and repair devices of any kind – from laptops and mobile phones to industrial machines and robots. Although TeamViewer is free of charge for private use, it has around 630,000 subscribers and enables companies of all sizes and from all industries to digitalize their business-critical processes through seamless connectivity. Against the backdrop of global megatrends like device proliferation, automation and new work, TeamViewer proactively shapes digital transformation and continuously innovates in the fields of Augmented Reality, Internet of Things and Artificial Intelligence. Since the company's foundation in 2005, TeamViewer's software has been installed on more than 2.5 billion devices around the world. The company is headquartered in Goppingen, Germany, and employs more than 1,400 people globally. In 2022, TeamViewer achieved a revenue of around EUR 566 million. TeamViewer SE (TMV) is listed at Frankfurt Stock Exchange and belongs to the MDAX. About Sight Machine Sight Machine helps global manufacturers unlock the power of industrial data to increase profitability, productivity and sustainability. Through its data-first approach, Sight Machine's Manufacturing Data Platform creates a common data foundation by capturing and contextualizing data from the entire factory to deliver a systemwide view of the manufacturing process. Data becomes democratized, empowering all stakeholders to drive productivity improvements across the enterprise. With systemwide visibility and artificial-intelligence-powered insights, manufacturers can now scale efficiency, quality and sustainability solutions across entire production processes and multi-factory sites, and even extend the impact to their broader supply and value chains. Sight Machine has offices in San Francisco and Ann Arbor, Mich. About Cybus The software company Cybus enables industrial companies to transform their production into a data-driven smart factory. Its software solutions, such as the Factory Data Hub Cybus Connectware, are leading the market in scalable data integration for complex and global production environments. They provide access to real-time data from the production environment across manufacturers and applications. This enables factories to achieve sustainable competitive advantages such as increased efficiency or quality in production processes.

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Robotics and Automation

Valmet and Saipem signed a Memorandum of Understanding to develop integrated solutions to support decarbonization of hard-to-abate industries

Valmet | December 18, 2023

Valmet and Saipem have signed a Memorandum of Understanding (MOU) to develop joint solutions to decarbonize the industrial sectors that face significant challenges in reducing their greenhouse gas emissions, also known as hard-to-abate industries. The companies will collaborate to offer effective solutions combining Saipem's technologies for CO2 management with the heat recovery and flue gas treatment units engineered and produced by Valmet for the pulp, paper and energy segments, thus bringing integrated and flexible options to their customers in both existing and new facilities. Both Saipem and Valmet are committed to supporting customers along their Net Zero journey and ensure effective end-to-end CO2 management for emission-intensive industries. "Sustainability is at the core of Valmet's business strategy and operations. In our climate program − Forward to a carbon-neutral future − we have set ambitious targets as we believe that technology plays a key role in mitigating climate change and global warming in the transition to a carbon-neutral economy. We have already achieved our target of enabling carbon-neutral production for all our pulp and paper customers who have access to fossil-free energy sources. We are also continuously improving the energy efficiency of our current offering. Our collaboration with Saipem fully supports these targets, and we are proud to be part of this initiative," says Lari-Matti Kuvaja, Director, Environmental Systems, Pulp and Energy, Valmet. "Technology is the key to successfully tackle the decarbonization of hard-to-abate sectors. Together with Valmet, our ambition is to integrate processes and technologies, providing clients with an end-to-end decarbonized solution in line with their Net Zero targets. This MOU expands Saipem's portfolio of energy transition innovations, further strengthening our unique ability to cover the entire CO2 capture, re-utilization and storage value chain, through our drilling, onshore and offshore know-how, assets and technologies," says Fabrizio Botta, Chief Commercial Officer at Saipem. About Saipem S.P.A. Saipem is a global leader in the engineering and construction of major projects for the energy and infrastructure sectors, both offshore and onshore. Saipem is "One Company" organized into five business lines - Asset Based Services, Energy Carriers, Offshore Wind, Sustainable Infrastructures, Robotics & Industrialized Solutions. The company has 9 fabrication yards and an offshore fleet of 29 construction vessels and 15 drilling rigs. About Valmet Valmet is a leading global developer and supplier of process technologies, automation and services for the pulp, paper and energy industries. With our automation systems and flow control solutions we serve an even wider base of process industries. Our more than 19,000 professionals around the world work close to our customers and are committed to moving our customers' performance forward – every day.

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