As manufacturers strive to optimize and improve their profitability, they often use various business strategies to remain competitive. These moves include mergers, acquisitions, promotions, layoffs, financing, and more. Below are just a few of the companies active in the industrial sector that are making headlines.

Purchase: AAEThe machine and module manufacturer has Solara Automationn, which specializes in customized industrial automation solutions. The acquisition will allow AAE to offer solutions to a variety of markets and seek to meet the needs of its global customers. Steve Crouch of Solara Automation recently said, “The ever-increasing demand for factory automation and robotics has fueled our desire to partner with a larger company with the expertise and resources needed to support rapid growth. Early in our discussions, we realized that our missions and technical capabilities are complementary. More importantly, we have found a strong fit with a people-centered, collaborative culture that drives success. Together, we can achieve great things.”
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Capital city: Addionics has raised $39 million in a Series B financing round. The company, which specializes in battery technology, received funding from GM Ventures And Deep insightswith additional investments of Scania. According to Addionics, the money will be used to improve production capabilities and expand the business globally. In a recent statement, Moshiel Biton, CEO and co-founder of Addionics, said: “It is a privilege to work with real partners who understand the urgency of what Addionics wants to achieve. As global demand for higher performance batteries grows, so does the demand for our product. With the new funding, we can begin commercial production by the end of the year, deliver our technology to battery manufacturers and improve battery performance worldwide.”
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Staff: Naga Chandrasekaran – The Doctor was appointed as the new Chief Global Operations Officer, Executive Vice President and General Manager of Intel Foundry Manufacturing and Supply Chain organization. According to Intel, Chandrasekaran will be responsible for fab sort manufacturing, assembly test manufacturing, strategic planning for Intel Foundry, enterprise quality assurance and supply chain. In a recent quote, Intel CEO Pat Gelsinger said, “Naga is a highly accomplished executive whose deep expertise in semiconductor manufacturing and technology development will be a tremendous asset to our team. As we continue to build a globally resilient semiconductor supply chain and create the world’s first systems foundry for the AI ​​era, Naga’s leadership will help us accelerate our progress and capitalize on the significant long-term growth opportunities ahead.”
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Purchase: Lincoln Electric Holdings, Inc. has officially acquired Vanair Manufacturing, LLC, which manufactures mobile power solutions for the truck market. Lincoln Electric hopes the acquisition will expand its offering of maintenance and repair consumables. In a recent quote, Steven B. Hedlund, President and CEO of Lincoln Electric, said, “We are excited to welcome the Vanair team to Lincoln Electric. Vanair is known for its leadership in high-quality manufacturing, innovation and engineering expertise in the fast-growing maintenance and repair service truck market.”
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Purchase: Charter production has completed the acquisition of Niles Iron & Metal GmbHwhich specializes in the recycling of ferrous and non-ferrous scrap. Charter Manufacturing, a group of differentiated metal manufacturing companies, hopes the acquisition will allow both companies to grow and learn. In a recent quote, John W. Mellowes, CEO of Charter Manufacturing, said, “We are excited to welcome Niles Iron & Metal to the Charter family. Their long-standing reputation for excellence and commitment to customer service aligns perfectly with our values ​​and strategic goals.”
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