ABB to Spin Off Robotics Division
ABB announced plans to spin off its robotics division in its largest portfolio shift since 2018, aiming for a separately listed entity in 2Q26.
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motion control
Tencarva Machinery Acquires Atlantic Valve & Equipment
Richmond, VA-based Atlantic Valve is a manufacturer representative offering a range of products that iclude gate valves, butterfly valves and plug valves.
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Allient Launches Defense Solutions Unit
Allient said ADS aims to drive innovation and deliver solutions to the defense industry through a strategic restructuring of its leadership.
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Fluid Power Shakeup: Applied to Acquire Hydradyne
It will combine the Nos. 1 and 10 companies on MDM’s 2024 Top Distributors List for Fluid Power.
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Parker Hannifin Completes Sale of Composites Unit
The Composites and Fuel Containment Division manufactures composites, fuel tanks and bladders across six U.S. and Mexico-based facilities.
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DXP 3Q Sales, Profit & EBITDA Rise in 3Q
Each of DXP’s three business segments likewise improved year-over-year and sequentially.
DXP 3Q Sales, Profit & EBITDA Rise in 3Q Read More »
Applied 1Q Sales Up 0.3%, Organic Down 3%
The company reported a slight increase in sales to $1.1 billion, driven by acquisitions, offset by mixed demand trends.
Applied 1Q Sales Up 0.3%, Organic Down 3% Read More »
Motion Control Supplier Allient Appoints New CFO
James Michaud will succeed Michael Leach as the precision and specialty motion, controls and power manufacturer’s CFO.
Motion Control Supplier Allient Appoints New CFO Read More »
