Latest news with #EWM
Business Wire
26-06-2025
- Business
- Business Wire
ESAB Corporation to Acquire EWM GmbH, Expanding Global Equipment Capabilities and Strengthening Strategic Position
NORTH BETHESDA, Md.--(BUSINESS WIRE)--ESAB Corporation ('ESAB' or the 'Company') (NYSE: ESAB), a focused premier industrial compounder, announced today that it has signed a definitive agreement to acquire EWM GmbH ('EWM'), a German-based leader in heavy industrial welding equipment and advanced automation, for approximately €275 million. EWM is expected to generate approximately €120 million of revenue in 2025 and is expected to be aEPS accretive in year one. The acquisition will be funded through cash on hand, and is expected to close in the second half of 2025, subject to customary closing conditions and regulatory approvals. Shyam P. Kambeyanda, President and Chief Executive Officer of ESAB Corporation, said, 'EWM is an exceptional company, bringing deep expertise in advanced welding equipment technology, a strong brand and a highly innovative team. Within our Fabtech businesses, EWM fully addresses our product gaps in heavy industrial equipment, strengthening our technological capabilities and uniquely positioning us to serve end customers with proprietary, end-to-end workflow solutions. Additionally, our customer bases and channel networks are highly complementary, enabling us to significantly extend our market reach.' Kambeyanda continued, 'In line with our commitment to long-term shareholder value, this transaction fully aligns with ESAB's strategic and financial objectives, including an expected ROIC exceeding 10% before year five. We expect EWM to deliver high-single-digit sales growth, consistent with ESAB's long-term growth outlook for equipment, gross margins greater than 45% and accretive incremental aEBITDA margins. This growth and margin expansion will be driven by the deployment of the ESAB Business System (EBX), as we leverage our commercial and operational excellence capabilities to further build on the strong execution of EWM's leadership team.' 'This acquisition comes at an ideal time to capitalize on improving market conditions in Europe and aligns with our strategy to accelerate global equipment sales growth, particularly in North America. I would like to thank the EWM leadership team for their collaboration and professionalism throughout this process. We look forward to welcoming them to the ESAB family and shaping our future together.' Following the transaction, ESAB expects a net leverage ratio of approximately 2.0x, preserving flexibility for future investments and acquisitions as part of its compounder strategy. About ESAB Corporation Founded in 1904, ESAB Corporation is a focused industrial compounder. The Company's rich history of innovative products, workflow solutions and its business system ESAB Business Excellence ('EBX'), enables the Company's purpose of Shaping the world we imagine TM. ESAB Corporation is based in North Bethesda, Maryland and employs approximately 9,300 associates and serves customers in approximately 150 countries. To learn more, visit About EWM GmbH Founded in 1957, EWM is Germany's leading provider of premium arc welding technology solutions. The Westerwald-based company offers complete systems including high-quality welding machines, components, torches, consumables and accessories for manual and automated applications. EWM has a global presence with more than 400 sales and service partners and a high degree of vertical integration through 6 production locations worldwide. The company has a track-record of innovation and has around 800 employees at 12 German and 11 international locations. Cautionary Note Concerning Forward Looking Statements This press release includes forward-looking statements, including forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Such forward-looking statements include, but are not limited to, statements concerning the Company's plans, goals, objectives, outlook, expectations, and intentions, and other statements that are not historical or current fact. Forward-looking statements are based on the Company's current expectations and involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied in such forward-looking statements. Please refer to the Company's previous earnings releases and investor materials for the definitions of the non-GAAP and other financial measures referenced in this press release.
Associated Press
13-05-2025
- Business
- Associated Press
Roboteon and Stellium announce Strategic Partner Partnership for Robotics and Automation Solutions for SAP EWM using Roboteon's Multi-Agent Orchestration Platform
Partnership will Enable Customers to Accelerate Automation with Confidence SAN JOSE, CA / ACCESS Newswire / May 13, 2025 / Roboteon, a provider of an innovative software platform for enabling warehouse robotics, announced today a strategic partnership with Stellium Inc., a global leader in digital supply chain transformation. Through this partnership, Roboteon significantly expands its capabilities, integrating Stellium's deep expertise in SAP Extended Warehouse Management (EWM) to deliver an advanced, AI/ML-based multi-agent orchestration solution. This joint initiative empowers SAP EWM customers considering robotics and other automation to rapidly modernize their warehouse operations. unlocking substantial efficiency and agility. Commenting on the partnership, Roboteon CEO Gana Govind said that 'We are excited to partner with Stellium to bring together their deep SAP EWM expertise in automated warehouse environments and Roboteon's SAP-certified fulfillment platform, which provides multi-agent orchestration for robotics and automation. This combination enables enterprises on or considering SAP EWM to accelerate robotics adoption with confidence, ensuring fast and future-ready fulfillment operations.' Reflecting on the partnership, Stellium Inc., CEO Randeep Nambiar said, 'This powerful alliance accelerates SAP digital transformation for our customers, amplifies our capabilities in delivering progressive warehouse robotics solutions, and delivers exceptional warehouse performance with unmatched efficiency.' Nambiar added that 'Stellium is dedicated to empowering the SAP Digital Logistics ecosystem and our trusted and proven expertise in SAP EWM positions us at the forefront of digital supply chain transformation, delivering exceptional business results. The relentless drive for innovation fuels our ability to seamlessly integrate intelligent robotics and autonomous solutions into enterprise logistics processes. This partnership secures a competitive edge for our customers.' About Stellium Inc. Stellium Inc., headquartered in Houston, TX, is a US based leader in Digital Supply Chain and Digital Manufacturing with global operations based out of India, the UAE, and Canada. Our experts turn complex logistics networks into agile, data‑driven operations through advanced SAP Extended Warehouse Management (EWM), AI‑powered analytics, and smart automation. From strategy and design to implementation, integration, and managed services, Stellium unifies SAP and non-SAP technologies to boost warehouse performance, enhance real-time visibility, and drive sustainable cost savings. Enterprises worldwide rely on Stellium to future-proof their logistics, accelerate time‑to‑value, and maintain a decisive competitive edge. To know more about Stellium's services, solutions, and innovations, visit or contact us here. Take the next step and join us at SAPPHIRE 2025! About Roboteon Roboteon Inc.™ is a market innovator enabling rapid deployment and efficient operation of robotics in distribution environments. Our AI-driven platform supports seamless interoperability across robotic technologies and vendors and dynamically optimizes fulfillment execution, including order planning and picking, based on real-time floor conditions and resources. Designed for agility and fast time-to-value, Roboteon empowers enterprises to continuously adapt to new automation strategies and operational demands. You can learn more at or contact us [email protected]. SAP and other SAP products and services mentioned herein as well as their respective logos are trademarks or registered trademarks of SAP SE in Germany and other countries. Please see for additional trademark information and notices. All the other product and service names mentioned are the trademarks of their respective companies. Media Contacts: Dan Gilmore Chief Marketing Officer Roboteon [email protected] Gayathri Jayakumar Global Marketing & Partnerships Stellium [email protected] SOURCE: Roboteon press release
Irish Times
06-05-2025
- Business
- Irish Times
Dispute over provision of cages for old electrical appliances is settled, High Court hears
A dispute over the provision of cage containers for the return of old electrical appliances at certain retail stores has been settled, the High Court heard. The cages are provided at electrical stores and local authority facilities to allow members of the public to safely dispose of old electrical items, including waste batteries. Two months ago, the High Court granted recycling permit holder, European Recycling Platform (ERP) Ireland DAC, an interim injunction restraining a third party contractor, Electrical Waste Management Ltd (EWM), from withdrawing its collection and recycling service in the Fingal, Meath, Monaghan, Cavan and Louth areas before May 2nd. The injunction was granted with only the ERP side represented (ex parte) and it came back before the court a number of times before it was settled. READ MORE On Tuesday, Gemma Hayes BL and Harry Buggy BL, for each of the parties, told Mr Justice Brian Cregan the matter had been compromised and could be struck out with the March interim order vacated. ERP is one of two companies in the State operating with a permit from the Department of the Environment, Climate and Communications under EU regulations governing the disposal of waste electrical items. It is responsible for around 33 per cent of the market and says it is a non-for-profit organisation which is precluded from paying out any dividends. From 2012, ERP had engaged the defendant under contract to provide the collection and recycling service and it says the two companies enjoyed a good working professional relationship. However, it claimed the dispute arose after EWM was informed earlier this year that it had been unsuccessful in a tender competition held by ERP for the continuation of the service.
