ABB appears to be signalling that electrification is more important to them than anything else, including manufacturing and process automation. And GE is divesting itself of one of its historical core competencies and businesses. Read the press release: ABB today announced the acquisition of GE Industrial Solutions, GE’s global electrification solutions business. GE Industrial … [Read more...] about ABB Doubles Down on Electric Business-Buys GE Industrial Solutions
financials
Blake Moret Finally Gets the Cherry
After a year of being CEO, the Rockwell Automation Board has finally named Blake Moret to the post of Chairman. He, of course, succeeds Keith Nosbusch in that role, as he succeeded Nosbusch as President and CEO. Rockwell will continue to have an independent "lead director," Donald R. Parfet, who said: “Since Blake became CEO and joined the board in July 2016, he has … [Read more...] about Blake Moret Finally Gets the Cherry
The Bitter and the Sweet – Siemens: 2,500 Jobs Lost, 25,000 Additional Jobs Pledged
We predicted almost a year ago that if the slump in the oil and gas industry continued, restructuring, changing focus, and diversification would be necessary to regain/maintain the fiscal health of our industry. Oil and gas shows no indication of a rebound any time soon, and Siemens is adapting and reorganizing; pulling resources away from the oil and gas and metals and mining … [Read more...] about The Bitter and the Sweet – Siemens: 2,500 Jobs Lost, 25,000 Additional Jobs Pledged
Jumping on the HollySys Bandwagon
Others are also beginning to recognize HollySys’ smart business tactics. On February 17, Stephen Simpson, CFA, noted in an article for Seeking Alpha that HollySys is executing well; posting double-digit revenue growth due to rail sales. Simpson also cautions, however, that HollySys cannot continue to low-ball rail bids if it wants to maintain fiscal stability. In this economy a … [Read more...] about Jumping on the HollySys Bandwagon