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Parker Hannifin Corporation and Clarcor Inc., have announced that the companies have entered into a definitive agreement under which Parker will acquire Clarcor for approximately $4.3 billion in cash. Parker expects to benefit from increased recurring revenue streams as about 80 per cent of Clarcor’s revenue is generated through aftermarket sales.
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Canadian manufacturers reported a modest improvement in business conditions during November, driven by a rebound in production volumes and the fastest rise in new work since April, according to the latest Markit Canada Manufacturing PMI Report.
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Business investment in machinery and equipment contracted last quarter and the rate of investment in recent years is below the pace of depreciation. This is undermining Canada’s future growth potential, according to The Conference Board of Canada.
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Kaydon and Cooper bearing operations were acquired by SKF Group in 2013. Starting January 2, 2017, sales and technical support responsibility for Kaydon and Cooper bearing brands will be assumed by SKF Canada Ltd.
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FLIR Systems, Inc. has acquired Prox Dynamics AS, a leading developer and manufacturer of nano-class unmanned aerial systems (UAS) for military and para-military intelligence, surveillance, and reconnaissance applications, for approximately $134 million in cash.
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Get expert insight into maximizing the service life of your machinery with this technical guide from the igus cable management experts.
On machine tools, woodworking machinery, robots, cranes, and many other types of industrial machines, proper use of a cable carrier extends the lifetime of both cables and equipment as a whole. In this tech talk, uncover best practices for:
• Specifying the ideal cable carrier for your application
• Installation and securing of cables
• Installation of cable management on equipment
Download the latest tech talk |
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The field service industry has always been one of the earliest adopters of new technologies, from the original PDAs to IoT-enabled devices. Now, a new generation of technology is uniquely positioned to transform the field service industry, promising to reduce costs and dramatically improve the quality of service organizations can offer. Tom DeVroy, Senior Product Evangelist for Enterprise Service Management at IFS, identifies three technology-led developments set to disrupt field service and discusses how flexible and modular resource planning infrastructure will help organizations reap substantial rewards.
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Date: December 12 - 16, 2016
Location: Düsseldorf, Germany
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Date: January 17 & 18, 2017
Location: St. Catharines, ON
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Date: March 7 – 11, 2017
Location: Las Vegas, NV
» more info
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