BUSINESS NEWS VERISURF SOFTWARE has been selected by Workshops for Warriors to provide 20 fully licensed seats of Verisurf 3D Measurement Software. Supporting their mission to train, certify and place veterans into advanced manufacturing careers, each fully-bundled seat of software includes the latest Verisurf modules: CAD, Measure, Analysis, Build, Reverse, Automate and Verisurf Device Interface (VDI). “We are happy to provide Verisurf Software to Workshops for Warriors; the training veterans will receive is not just good enough, it’s cutting edge. Technologies and processes learned are relevant to those in demand, right now,” said Ernie Husted, president of Verisurf Software, Inc. “Learning on a proven and adopted industry platform like Verisurf builds bridges to cross the skills gap and helps veterans transition into career opportunities in manufacturing.” “We appreciate the support of organizations like Verisurf,” said Hernán Luis y Prado, founder of Workshops for Warriors. “We are rebuilding America’s advanced manufacturing workforce, one veteran at a time. With this kind of support, we are able to train our veterans on current technology platforms, and prepare them for a smooth transition into a successful civilian career in advanced manufacturing.” Workshops for Warriors students will benefit from advanced Verisurf manufacturing applications used across Aerospace, Automotive, Marine and Energy industries. Built on a powerful CAD platform, Verisurf Software provides a variety of manufacturing measurement solutions to meet the needs of quality assurance, GD&T, in-process and final inspection, assembly guidance, reverse engineering and rapid prototyping applications across the shop floor. Adding these capabilities to the Workshops for Warriors program teaches the importance of maintaining a digital workflow in today’s advanced manufacturing environment. Verisurf Software meets the rigid Boeing D6-51991revJ Quality Assurance Standard for Digital Product Definition, which insures veterans participating in the training that they are working with the latest industry applied technology. Because Verisurf is based on open standards and powers all measurement devices it can be used to teach a variety applications, across the manufacturing enterprise. MITUTOYO AMERICA CORPORATION opened its new M3 Solution Center in New England. Located in Marlborough, Mass., the new 7,600-square foot facility is located for customers to schedule appointments for product demonstrations, assistance with application challenges and metrology solutions, as well as product and educational training seminars. The newest M3 Solution Center is located at 753 Forest St., Suite 110, Marlborough, Mass. “Our goal is to provide timely metrology solutions to our customers, in a region that is home to the aerospace, defense, medical, energy, automotive and plastics industries. The benefit of opening this new M3 Solution Center is the accessibility in offering experienced metrology specialists to our customers in order to provide up-to-date and knowledgeable metrology information for any situation they may encounter,” says Steve O’Loughlin, Northeast regional sales manager. AMETEK, INC. acquired GLOBAL TUBES, a manufacturer of high-precision, small-diameter metal tubing, for approximately $200 million. The business has annual sales of approximately $120 million. Global Tubes is comprised of two businesses: Fine Tubes, based in Plymouth, U.K., and Superior Tube, based in Collegeville, Penn. Global Tubes manufactures highly customized metal tubing from a wide variety of metals and alloys, including stainless steel, nickel, zirconium and titanium. Its products are used in highly engineered applications serving the aerospace, energy, power generation and medical markets. “Global Tubes is an excellent acquisition for AMETEK and a great strategic fit with our Specialty Metal Products business. It has strong positions in a number of attractive niche markets for high-precision, small-diameter metal tubing used across a wide range of highly engineered applications,” comments Frank S. Hermance, AMETEK Chairman and Chief Executive Officer. “Global Tubes’ metallurgical capabilities, processing capabilities and alloy ranges are complementary to our existing Specialty Metal Products businesses and give us the opportunity to expand our offerings both internationally and in attractive growth markets,” adds Hermance. Global Tubes joins AMETEK as part of its electromechanical group, a differentiated supplier of electrical interconnects, precision motion control solutions, medical components, specialty metals, thermal management systems, and floor care and specialty motors. ASQ RECOGNIZES SMITH FOR CONTRIBUTIONS, ACHIEVEMENTS IN QUALITY MILWAUKEE, WI — ASQ presented its Distinguished Service Medals and 11 other Society Medals on May 3 in Nashville, TN, prior to its annual World Conference on Quality and Improvement. ASQ, the leading authority on quality in all fields, organizations and industries, recognizes recipients for their innovative contributions and achievements in quality. Winners’ exemplary achievements are representative of the ideas and tools that make our world work better. The Grant Medal was presented to Jimmy L. Smith, Caterpillar Inc., Peoria, IL, and frequent columnist and contributor to Quality, for significant results in an educational program for ASQ certification training spanning 30 years, involving more than 8,000 students in more than 100 companies with a first-time certification exam pass rate of 83 percent and an overall exam pass rate of 96 percent. For more information, and more on the award winners and honorees, visit www.asq.org. DEMAND FOR ENHANCED SOFTWARE AND DATA ANALYTICS SERVICES BOLSTER THE CONDITION MONITORING EQUIPMENT MARKET MOUNTAIN VIEW, CA — The condition monitoring equipment market is undergoing a period of stabilization after nearly two years of volatility caused by the global economic situation, turbulent oil prices and geopolitical factors. Pockets of opportunities across industries in traditional and emerging markets, in addition to growing user awareness on the benefits of predictive maintenance, have sustained demand. New analysis from Frost & Sullivan, Analysis of the Global Condition Monitoring Equipment Market, finds the market earned revenues of $1.50 billion in 2014 and estimates this to reach $1.91 billion in 2019. The study covers thermography, lubricating oil analysis and vibration condition monitoring equipment for the oil and gas, power generation, aerospace and defense, manufacturing and process industries. “Technology improvements have played an important role in boosting the usability, effectiveness and capabilities of condition monitoring equipment, while bringing down costs,” said Frost & Sullivan Measurement and Instrumentation Program Manager Vijay Mathew. “Although hardware advances have been negligible, much progress has been made in the condition monitoring software and analytics segments.” Customers have traditionally been reluctant to adopt new or unproven condition monitoring technologies as they do not have the in-house exper-tise to extract the maximum benefits from these products. With the lack of qualified technicians to operate equipment, as well as analyze and understand continuous data coming from assets, the widespread adoption of these technological developments will take place gradually. “Due to the dearth of skilled personnel and an aging workforce, customers are turning to their hardware providers for additional support,” added Mathew. “Although customers traditionally approached condition monitoring hardware companies for sensors, monitors and machine protection systems, they are now depending on them to provide design, installation, maintenance, data collection and diagnostic services too.” The increasing number of customers demanding condition monitoring software to analyze the performance of their critical assets creates alternate revenue streams for condition monitoring companies. While only 20 to 25 percent of customers requested condition monitoring software 15 years ago, that number is currently close to 50 percent and continues to rise. “As customers look to do more with the data collected from their assets, hardware will no longer be the most critical vendor selection criterion,” added Mathew. “The focus will instead be on vendors that adopt a holistic approach combining hardware, software and services.” Convergence of technologies across different industry areas, including wireless communication, sensors, cloud computing, big data analytics, smart factories and smart mobility are expected to give rise to new growth opportunities in condition monitoring. Convergence between big data analytics companies and condition monitoring equipment providers, in particular, will transform the competitive landscape as end-user industries lack the necessary tools to handle large volumes of data. INDUSTRIAL MANUFACTURING MERGERS AND ACQUISITION VALUE SEES STRONGEST START IN FOUR YEARS NEW YORK — Merger and acquisition activity in the industrial manufacturing industry got off to a healthy start in 2015, recording the strongest first quarter deal value in four years, accord-ing to Assembling Value, a quarterly analysis of global deal activity in the industrial manufacturing industry by PwC US. The first quarter totaled $19.9 billion in announced transactions (worth more than $50 million), despite a notable pause in U.S. deal making — largely attributed to volatility in commodity and currency prices. In the first quarter of 2015, there were 48 manufacturing transactions (worth more than $50 million), almost 15 percent below the previous quarter, but exceeding the 37 deals recorded in the first quarter of 2014 by almost 30 percent. The $19.9 billion deal value represented a 76 percent increase over the $11.3 billion in the same period last year. In addition to having the strongest first quarter for deal value in four years, deal volume hit the highest first quarter level in the last 10 years. “Coming off of a stellar close to a very active 2014, we saw continued interest in M&A among manufacturers during the first quarter of 2015,” said Bobby Bono, U.S. industrial manufacturing leader for PwC. “While U.S. investors took a bit of a back seat to start the year, PwC’s Q1 Manufacturing Barometer found that optimism regarding the direction of the U.S. economy continues to rise, despite growing uncertainty around the potential impact of the strong dollar. The U.S. share of global activity dropped to among its lowest levels in a decade as deals involving energy assets declined from the robust level in 2014. Moving forward however, the strong dollar could help drive U.S. outbound deals as foreign targets become cheaper in U.S. currency.” While there were few headline grabbing megadeals (transactions worth more than $1 billion) in the first quarter, five of these transactions accounted for $8.9 billion (48 percent) of total deal value. According to PwC, many executives completing these large deals were motivated by the desire to gain scale, operational efficiency, and to drive profitability in regions plagued by overcapacity. The rationale behind other megadeals included portfolio expansion, with a focus on customer base expansion and the desire to meet emerging customer needs. As cross-border deal activity dropped to 25 percent of the global total, the lowest in at least 10 years, transactions by emerging market acquirers surged to nearly 60 percent, well above recent levels. Of the 48 transactions in the first quarter of 2015, 28 were driven by emerging markets acquirers and of those, 27 involved China. “As we have noted in the past, heavy transaction activity in China continues to be driven by consolidation among smaller, niche companies and restructuring initiatives that are underway in the region as Chinese State Owned Entities are in the process of privatizing,” Bono continued. PwC’s industrial manufacturing M&A analysis is a quarterly report of announced global transactions with value greater than $50 million analyzed by PwC using transaction data from Thomson Reuters. ISA AND AUTOMATION FEDERATION TAKE PART IN ANNUAL FIRST CHAMPIONSHIP RESEARCH TRIANGLE PARK, NC — As strategic alliance partners of FIRST (For Inspiration and Recognition of Science and Technology), the International Society of Automation and its umbrella organization, the Automation Federation, took part in the FIRST Championship, an annual international celebration of young people’s interest and participation in science and technology. More than 18,000 students from around the globe, from ages six to 18, gathered at the America’s Center Convention Complex and the Edward Jones Dome in St. Louis to put their engineering skills and scientific know-how to the test in four different age-specific, team-oriented FIRST programs. This year’s championship event drew more than 900 student teams from 40 countries around the world. A centerpiece of the four-day event was the FIRST Robotics Competition, which combines the excitement of sport with the rigors of designing and building robots. The competition provides students, from grades nine through 12, with the opportunity to use sophisticated software and hardware, learn from professional engineers, collaborate, earn recognition, and qualify for millions of dollars in college scholarships. In all, more than 75,000 high school students, comprising more than 3,000 teams, participated in 56 FRC regional competitions. RESHORING INITIATIVE 2014 DATA REPORT EMPHASIZES POSITIVE JOB TRENDS CHICAGO — The Reshoring Initiative, an organization committed to helping manufacturers recognize the profit potential of utilizing local sourcing and production, has published its annual data report on reshoring trends, and the news is good. More than 60,000 manufacturing jobs were brought to the United States by reshoring and foreign direct investment combined in 2014, representing a 400 percent increase since 2003. With only 30,000–50,000 jobs being offshored to other countries in 2014, the resulting net gain of 10,000 or more jobs per year represents a shift in the right direction. By comparison in 2003, the United States lost net about 140,000 manufacturing jobs per year to offshoring. The steady decrease in the number of jobs lost, capped by a net gain last year, is building confidence that reshoring and FDI are important contributing factors to the country’s manufacturing rebound. Data for this report comes from the Reshoring Initiative’s Reshoring Library of more than 2,000 published articles, privately submitted reshoring case studies and some other privately documented cases. The report provides data and analysis in 13 different categories ranging from the number of manufacturing jobs lost to offshoring and reasons cited for reshoring to a breakdown of data by industry, country, region and state. Italso includes an international summary of cases reshored to other countries Of particular interest are the reasons companies gave for reshoring and FDI. Government incentives, the skilled workforce, capitalizing on the value of a “Made in USA” label, and automation topped the list in 2014. At the same time, companies cited lower quality, long lead times, high freight costs and rising wages as reasons against offshoring. The data also indicates that reshoring was strongest in the Southeast and Texas, a trend consistent with The Boston Consulting Group’s forecast for those areas to lead the way in becoming competitive with China for the manufacture of products to be sold domestically. Much of this is attributed to the trend for companies to build “green-field” factories in states with lower wages, lower taxes and right-to-work laws. “We publish this data annually to show companies that the trend in manufacturing in the United States is to source domestically,” said Harry Moser, founder and president of the Reshoring Initiative. “With 3 to 4 million manufacturing jobs still off shore, we see huge potential for even more growth and hope this data will motivate more companies to reevaluate their sourcing and siting decisions. The Reshoring Initiative offers many tools and resources to help companies make supply chain sourcing decisions. The Reshoring Initiative’s Total Cost of Ownership Estimator is the bestknown publically available tool for this purpose. It uses advanced metrics that allow users to easily determine the total cost of offshoring by accounting for and understanding the relevant offshoring costs, which include inventory carrying costs, shipping expenses, intellectual property risks and more. Automate 2015 Sets Show and Conference Attendance Records ANN ARBOR, MI — Automate 2015 set new show and conference records with 18,115 verified attendees visiting the show floor from across the United States and 72 other countries, announced the Association for Advancing Automation (A3). North America’s leading automation event took place March 23-26, 2015 in Chicago. Nearly 600 people participated in the conference. “All of our statistics increased significantly from the last Automate show in 2013,” said Jeff Burnstein, president of A3, sponsor of the Automate Show and Conference. “The exhibition was 76 percent larger, total number of show attendees jumped 61 percent, and conference participants grew 63 percent over our 2013 results. This growth demonstrates that there is an increasing need for an event like Automate that provides practical, real-world solutions for companies currently automating or considering automation.” Burnstein noted that the strong international participation at Automate is indicative of the fact that automation is on the rise globally. “Automate has become a truly international event; we were very happy to host the 46th International Symposium on Robotics in conjunction with Automate and plan to continue that relationship in 2017 when Automate returns to Chicago.”
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