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.
NEW YORK, NY—By the end of this decade, manufacturers worldwide will generate 4.4 zettabytes of data. Many organizations currently lack the expertise needed to leverage this massive influx of data fully, resulting in inefficiencies and revenue losses of hundreds of millions of dollars annually.
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.
Sandvik announced the acquisition of the business of the American company FASTech, which will be part of Mastercam, a leading CAD/CAM software provider.