International news digest
1st Quarter 2010
News & events
Matrikon has announced that it purchased the remaining 51% of Matrikon-SoftDEL India from joint venture partner SoftDEL Systems on 11 November, 2009 for CAN$575,000.
The company, with approximately 30 full-time staff, will operate as Matrikon India. Matrikon India will continue to expedite the company’s R&D efforts while building the skill set to support growth in the Middle East, where Matrikon anticipates growing demand for its products and services.
Sun Hydraulics Corporation recently reported a modest rebound in sales and incoming order for the third quarter. President and CEO, Allen Carlson, says the company is cautiously optimistic about prospects for the fourth quarter.
Sun’s electrically-actuated valves continue to gain attention in the marketplace and the company’s prototype development for integrated packages has remained busy throughout the last three quarters, leading to new orders.
Fourth quarter 2009 revenues are expected to be approximately US$26 million, down 21% from the fourth quarter of 2008. Earnings per share are estimated to be $0,05 to 0,07 compared to $0,15 in the same period a year ago.
Danfoss A/S (Danfoss) announced in late December 2009 that it intends to launch a cash offer for all the outstanding shares of common stock of Sauer-Danfoss (Sauer-Danfoss) not already owned by Danfoss and its subsidiaries. Danfoss and its subsidiaries currently own a stake of approximately 75,7% in Sauer-Danfoss.
The offer of US$10,10 per share values the stake of approximately 24,3% not currently owned by Danfoss and its subsidiaries at approximately $118 750 000.
The rationale for the offer is that Danfoss believes that private ownership will assist Sauer-Danfoss in reaching its operational and strategic objectives.
Further reading:
Schneider Electric’s next generation UPS
Schneider Electric South Africa
News & events
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SKF empowers employees
SKF South Africa
News & events
The cornerstone to SKF’s success as a global leader in premium bearing products and rotating technology is an unwavering commitment to investing in its valued employees. Tsholofelo Choma, who now proudly holds the position of quality environmental health and safety (QEHS) officer, exemplifies SKF’s employee-centricity ethos.
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Schneider Electric again named World’s Most Sustainable Corporation
Schneider Electric South Africa
News & events
Schneider Electric has been named the World’s Most Sustainable Corporation 2025 by Corporate Knights, and is the only company to rank first in the Global 100 twice.
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From the editor's desk: A new disruption
Technews Publishing
News & events
Just when we thought we were getting to grips with ChatGPT, another large language model is causing havoc. This time it’s a Chinese one called DeepSeek, which was released on 20 January 2025 and on
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Festo celebrates its centenary
Festo
News & events
Creating added customer value through innovation has been the driving force behind the family-owned company from the beginning and remains the key to Festo’s success today. The company’s anniversary is being celebrated with employees, customers and partners worldwide throughout the year.
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Motion technology for all types of automation
Bearing Man Group T/A BMG
News & events Electrical switching & drive systems & components
BMG has been appointed by The Timken Company as a distributor in southern Africa for the Rollon linear motion guidance system.
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Epiroc and ABB collaborate on underground trolley solutions
News & events
Epiroc and ABB have signed a MoU based on underground trolley equipment to collaborate on joint, comprehensive and integrated electrification solutions for the mining industry to increase productivity and achieve decarbonisation targets.
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