Shipments of cutting tools, measured by the Cutting Tool Market Report compiled in a collaboration between AMT – The Association For Manufacturing Technology and the U.S. Cutting Tool Institute (USCTI), totaled $183.1 million in November 2024.
Orders of manufacturing technology, measured by the U.S. Manufacturing Technology Orders (USMTO) report published by AMT – The Association For Manufacturing Technology, totaled $448.8 million in November 2024.
Wabtec Corporation announced a definitive agreement to acquire Evident’s Inspection Technologies division (Inspection Technologies), formerly part of the Scientific Solutions Division of Olympus Corporation, a global leader in Non-Destructive Testing, Remote Visual Inspection and Analytical Instruments solutions for mission critical assets.
Element Materials Technology (“Element”), a leader in testing, inspection, and certification (TIC) services, announced the appointment of Dr. Fabian Schober as SVP of its global Connected Technology and Mobility (CT&M) business unit.