Solid Results Cap Off 70th Anniversary Year of Endress+Hauser

Solid Results Cap Off 70th Anniversary Year of Endress+Hauser

Endress+Hauser has written the next chapter in its success story. The specialist for measurement and automation technology marked its 70th birthday in 2023, with celebrations worldwide. It also prepared the way for a change at the helm. And to cap it all off, the Group recorded strong figures for incoming orders, sales, profit and employment. […]

Interact Analysis: Siemens’ Recent Acquisition Takes Advantage of Surging Market

Interact Analysis: Siemens’ Recent Acquisition Takes Advantage of Surging Market

Vanessa Lopez, Research Analyst, at Interact Analysis examines Siemen’s acquisition announcement in detail. Siemens has been making big waves in its divestitures and acquisitions over the last few years. Most recently, it divested several business units worth nearly €3 billion into the newly formed Innomotics, which is currently up for sale. On March 21st, Siemens […]

Tarak Mehta to Leave ABB

Tarak Mehta to Leave ABB

ABB announced that Tarak Mehta, President Motion Business Area and Member of the Executive Committee, has decided to leave ABB since he has accepted the role as CEO of another company. Tarak will leave ABB at the end of July this year. Tarak joined ABB in 1998 and has since then held a number of […]

VSX Announces Matthias Siegel as New Managing Director

VSX Announces Matthias Siegel as New Managing Director

After more than 30 years, Hanns-Henrik Vogel and Jens-Uwe Vogel, founders of the software company VSX – VOGEL SOFTWARE GmbH, hand over the management of the company to Matthias Siegel, who will take over as Managing Director on April 1, 2024. The new owner Everfield also welcomes this decision and is actively involved in supporting […]

Three Strong Brands Form the Global Busch Group

Three Strong Brands Form the Global Busch Group

Busch Vacuum Solutions, Pfeiffer Vacuum and centrotherm clean solutions are now united under the umbrella of the new Busch Group. Together, they offer an extensive product portfolio and improved customer experience. Headquartered in Germany’s Black Forest, the Busch Group is one of the world’s largest manufacturers of comprehensive vacuum solutions, including vacuum pumps, vacuum systems, […]

Russelectric Emergency Power System Offers Redundant PLC Controls and Manual Backup Capability

Russelectric Emergency Power System Offers Redundant PLC Controls and Manual Backup Capability

Russelectric, A Siemens Business, a manufacturer of power control systems and automatic transfer switches, offers its robust and reliable Emergency Power System which provides backup power during a utility power loss. The paralleling switchgear systems offer redundant programmable logic controller (PLC) controls and manual backup capability. Trusted by the largest critical facilities in the world, […]

GEA Sees Earnings Rise in Fiscal Year 2023

GEA Sees Earnings Rise in Fiscal Year 2023

In an environment marked by geopolitical uncertainty, rising interest rates and negative exchange rate developments, GEA’s business has continued to perform well, with a further improvement in its key financial figures and another dividend increase proposed. Adjusted for portfolio and currency translation effects, organic order intake grew by 0.8 percent. Reported order intake declined by […]