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Industry News - Page 333 of 708

  • Cummins To Acquire Meritor

    Transaction will strengthen Cummins’ industry-leading range of powertrain components and accelerate development of electrified power solutions

    Cummins To Acquire Meritor

    Cummins Inc. (NYSE: CMI) and Meritor, Inc. (NYSE: MTOR) has announced that they have entered into a definitive agreement under which Cummins will acquire Meritor, a global leader of drivetrain, mobility, braking, aftermarket and electric powertrain solutions for commercial vehicle and industrial markets. Under the terms of the agreement, Cummins will pay $36.50 in cash per Meritor share, for a total transaction value of approximately $3.7 billion, including assumed debt and net of acquired cash.


    “The acquisition of Meritor is an important milestone for Cummins. Meritor is an industry leader, and the addition of their complementary strengths will help us address one of the most critical technology challenges of our age: developing economically viable zero carbon solutions for commercial and industrial applications,” said Tom Linebarger, Chairman and CEO, Cummins. “Climate change is the existential crisis of our time and this acquisition accelerates our ability to address it. Our customers need economically viable decarbonized solutions."

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    Feb 23, 2022 - 3 years ago

  • Sandvik Wins 18.5 MCAD Equipment Order For Open Pit Mine In Canada

    Sandvik Mining and Rock Solutions has won an 18.5 MCAD order for surface mining equipment from Newcrest in Canada that will optimize reliability and productivity. Automation ready, the surface and rotary drills will be used at the open pit copper and gold mine currently in production.

    Sandvik Wins 18.5 MCAD Equipment Order For Open Pit Mine In Canada

     


    Newcrest has ordered two Sandvik Leopard DI650i, and two Sandvik DR412i for use at Red Chris in British Columbia, Canada, an open pit copper and gold mine that recently published the outcomes of a Pre-Feasibility Study demonstrating the potential to become a world class block cave mine. Sandvik will also provide Field Service Support and Vendor Managed Inventory to support the site’s training and maintenance processes.

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    Feb 23, 2022 - 3 years ago

  • Win A Lincoln 1884 PowerLuber Grease Gun From FLO Components At NHES 2022

    FLO Components Ltd. will be exhibiting FLOlink at the National Heavy Equipment Show 2022 – “the world’s first fully independent Remote Monitoring Telematics Program, specifically for Automatic Lubrication Systems (ALS)”, says FLO’s Marketing Specialist, Gabriel Lopez.

    Win A Lincoln 1884 PowerLuber Grease Gun From FLO Components At NHES 2022
    FLO Components is holding a new contest for a chance at walking away with a Lincoln 1884 PowerLuber Grease Gun (approximate value CDN $615) on the last day of NHES 2022.

     


    According to FLO, most ALS fail due to the pump reservoir running empty with nobody noticing, creating the potential for bearing damage.  FLOlink sends you email alerts when the grease reservoir is low or if the Autogreaser fails.

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    Feb 23, 2022 - 3 years ago

  • Fastfrate Establishes First International Office In Chicago

    Fastfrate Integrated Logistics, part of Fastfrate Group, announced the grand opening of its new US office in January.

    Fastfrate Establishes First International Office In Chicago
    Illinois is one of the major Transportation and Logistics hubs in North America, having an efficient road and rail network, numerous major airports and water ports made to handle today's modern shipping needs. Photo: Dimitry Anikin / Pixabay 

     

     
    This new office located in Chicago, Illinois expands Fastfrate's intra U.S. freight capabilities beyond cross-border services and allows for domestic US services.

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    Feb 22, 2022 - 3 years ago

  • The Top Five Trends Of Pharmaceutical Supply Chains In 2021

    Thermo King has uncovered 5 major trends currently influencing pharmaceutical supply chains and what they mean for pharma organizations.

    The Top Five Trends Of Pharmaceutical Supply Chains In 2021

     

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    Feb 22, 2022 - 3 years ago

  • Kubota Canada Ltd. Adds To Compact Construction Lineup

    Kubota Canada Limited has announced three new additions to its robust compact construction lineup – the SCL1000 stand-on track loader, the K008-5 conventional tail swing excavator and the U10-5 zero tail swing excavator.

    Kubota Canada Ltd. Adds To Compact Construction Lineup
    Kubota’s SCL1000 captures a unique position in marketplace with wide tracks on a narrow machine.

     

     

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    Feb 21, 2022 - 3 years ago

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