Björn Rosengren becomes new CEO
The Board of Directors of ABB has unanimously appointed Björn Rosengren as Chief Executive Officer. He will join ABB on February 1, 2020 and succeed CEO Peter Voser in this role on March 1, 2020.
read more...read more...VDMA revises production forecast for 2019
The order situation and real production in the mechanical engineering sector weakened significantly in the first few months of 2019. According to the VDMA, there is no improvement in sight. The association has therefore revised its forecast for 2019 as a whole downwards.
read more...Siemens - the 3rd quarter of 2019
'Digital Industries' and 'Gas and Power' cause concern
Despite considerable headwinds in key markets, Siemens grew its order intake and revenue in the third quarter of 2019. EBITA and profit, on the other hand, fell, mainly due to declines in 'Digital Industries' and 'Gas and Power'. The figures in detail.
read more...Kostal takes over Bitflux
On May 1, 2019, Kostal Industrie Elektrik from Hagen/Westphalia acquired the shares of Bitflux from Munich, a specialist in sensorless control technology.
read more...Heiner Lang new Chief Development Officer
On August 1, Heiner Lang (43) will join the Management Board of Bosch Rexroth AG. Within the Management Board, he will assume responsibility for the technology company's Development division. This was previously the responsibility of CEO Rolf Najork.
read more...New dual leadership at Wittenstein Alpha
Wittenstein Alpha has reorganized its management team: In addition to Thomas Patzak, who joined the company on July 1, 2019, Norbert Pastoors will be at the helm of the drive technology specialist from August 15, 2019.
read more...New Vice President and General Manager for EMEA
Kollmorgen announced at the beginning of June 2019 that Alberto Favalessa - former Managing Director for Italy and Switzerland - has been appointed as the new Vice President and General Manager for the EMEA region.
read more...Maxon throws 'motor' overboard
As of July 1, 2019, Maxon Motor is dropping the word 'Motor' from its company name and will operate under the 'Maxon' brand. At the same time, the company achieves sales of over 500 million Swiss francs for the first time.
read more...Clear the way for 'Jugend forscht 2020'!
Under the motto "You can do it!", the 'Jugend forscht' competition is entering a new round: for the 55th time, young people are invited to present their innovative research projects - in the fields of mathematics, computer science, natural sciences and technology.
read more...New record for SPS IPC Drives Italia 2019
With 854 exhibitors in six halls, the largest SPS IPC Drives Italia to date closed its doors at the end of May 2019. Over 41,500 visitors used the trade fair to find out about industrial automation solutions, digital technologies and vocational training.
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