Disappointing order situation
The German mechanical and plant engineering sector closed the first half of 2024 with a double-digit decline. In June, orders were again down by nine percentage points in real terms.
read more...read more...Largest construction project in the company's history launched
The Endress+Hauser Group's oldest and largest production site in Maulburg is being extensively modernized and expanded. To this end, the provider of measurement technology and automation solutions is investing more than 100 million euros in the Campus 2030+ project.
read more...Change in management
Martin Drasch is to become the new CEO of Schuler. The current CEO of Reutlingen-based mechanical engineering company Manz will take up his new position on October 1, 2024.
read more...New member of the management board
On September 1, Dr. Sebastian Schatt will take over responsibility for the further development of the electrical connection technology division as a member of the Wago Group's management board.
read more...Mechanical engineering most important customer for the first time
The German machine tool industry supplied around 27% of its production to the automotive and supplier industry in 2023, according to the latest customer structure survey by the German Machine Tool Builders' Association - a decline of around 16 percentage points in just four years.
read more...OEP acquires majority stake in Comau
The private equity company One Equity Partners, OEP for short, will become the majority shareholder of Comau, while Stellantis will remain an active minority shareholder. An agreement to this effect has been signed.
read more...New management for Asia-Pacific business
Mabel Low takes over the position of Managing Director and Corporate Regional Manager at Harting Singapore Pte. Ltd.
read more...Authority wants to regulate industrial discounts on grid fees anew
In view of the changing electricity mix in Germany, the Federal Network Agency is planning to revise the discounts that industrial companies receive for their electricity consumption. The regulatory authority presented a key issues paper on the reform of grid fees for industry in Bonn.
read more...Endress+Hauser Liquid Analysis
New managing director from October 2024
Dr. Thomas Buer will become Managing Director of Endress+Hauser Liquid Analysis on October 1, 2024. He succeeds Dr. Manfred Jagiella, who is retiring at the end of September after 17 years at the helm of the competence center for liquid analysis.
read more...New Chief Financial Officer appointed
As of August 19, 2024, Christian Rothe is Senior Vice President and Chief Financial Officer at Rockwell Automation. He will report to Rockwell Chairman and Chief Executive Officer Blake Moret.
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