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Parker Hannifin acquires filtration business – opportunities in aftermarket sales

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.

Manufacturing growth picks up to four-month high in November

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.

Canadian economic growth rebounds in third quarter

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.

SKF Canada Ltd. integrates Kaydon and Cooper bearing brands

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.

FLIR Systems acquires Prox Dynamics for $134 Million

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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Three tech-driven developments poised to disrupt field service

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. » read more

IMC 2016

Date: December 12 - 16, 2016
Location: Düsseldorf, Germany » more info

PEMAC Ottawa Chapter Event

Date: December 15, 2016
Location: Ottawa » more info

Maintenance Planning & Scheduling with Doc Palmer

Date: January 17 & 18, 2017
Location: St. Catharines, ON » more info