IMDEX to acquire Devico

Mining tech group IMDEX has signed a A$324 million binding agreement to acquire its main competitor, Norway-based advanced sensor and drilling tech company Devico AS. The transaction, which IMDEX said will help reinforce its market position as well as broaden its market penetration, especially in Europe and South America. IMDEX CEO Paul House called the porposed deal a highly significant…

Read More

Rolls-Royce makes hydrogen-fueled gas engine a reality

Rolls-Royce has performed with successful testing of a 12-cylindar mtu 4000 L64 gas engine running entirely on 100% hydrogen fuel – paving the way for the company to further develop mtu gensets and cogeneration units for 100% hydrogen use. The testing was conducted by the company’s Power Systems business unit, and per officials, “showed very good characteristics in terms of…

Read More

TerraSource Global acquires Elgin Separation Solutions

TerraSource Global – a manufacturer of material sizing equipment based on the Gundlach, Jeffrey Rader and Pennsylvania Crusher brands, and subsidiary of Right Lane Industries – has announced the acquisition of Elgin Separation Solutions as of Jan. 12. Elgin designs, manufactures and services material processing parts and equipment for mining, energy production, recycling and waste management applications. Core products include…

Read More

Battery-electric push: Caterpillar invests in Lithos

Caterpillar, which has been forward in its desire to fast-track development of its electrified product line-up, said it is investing in California, U.S.-based battery technology group Lithos energy, maker of lithium-ion battery packs for various industries. Lithos specializes in designing, engineering and manufacturing shock resistant and high-performance battery solutions; Cat said its investment will demonstrate its commitment to support customers…

Read More

Smart sensors can be major change agents: Nassehi 

Intelligent devices can improve efficiency and safety. At S5 System, they believe innovative products can “make industry smarter” by solving three common workplace problems using AI technology that takes minutes to install, is affordable and offers rapid payback on investment. S5 System, based in Perth, Western Australia, has produced three OEM-agnostic asset management products and is advancing research and development…

Read More

Epiroc to acquire CA maker Mernok Elektronik

Swedish group Epiroc announced it will acquire South African-based collision avoidance system provider Mernok Elektronik, strengthening its presence as a global automation and safety solutions supplier, in a deal for undisclosed terms. Headquartered in Pretoria, Mernok Elektronik designs and produces EMESRT Level 9 proximity detection technologies and collision avoidance systems for both single machines and mixed fleets, and regardless of…

Read More