Latest news with #IndustrialAutomation
Time of India
2 days ago
- Business
- Time of India
Indian electronics manufacturer Amber Group acquires Israel-based Unitronics; company says: No governmental or ...
India's contract manufacturer for consumer durables and electronics Amber Group has announced in an exchange filing that it will acquire a controlling stake in Israel-based Unitronics , which operates in Industrial Automation and Control Systems, for over Rs 400 crore in an all-cash deal. Tired of too many ads? go ad free now The electronics manufacturer has signed definitive agreements to take a 40.24% stake in Unitronics. Amber's electronics manufacturing subsidiary ILJIN Electronics will acquire 5,624,591 shares at NIS 27.75 per share for 156 million NIS (around Rs 403 crore) in an all cash-deal. Post the acquisition, ILJIN, together with Joint Chairman of Unitronics will own a 45.13% stake in the company. The company said that no governmental or regulatory approvals are needed for the deal. According to the company, the deal is with a "cash consideration" and expects it to be complete "within 60 business days from the effective date". The acquisition comes as the Amber group looks to expand its product portfolio in industrial applications. The acquisition will also help Amber with backward integration, enhancing competitiveness, and gaining access to global markets like US and Europe amid rising demand for industry 4.0 applications. Nearly Rs 7,000 crore Amber Group makes consumer durables, hearable and wearable devices, telecom equipment, automotive solutions, energy meters, and defence solutions. What are terms of Amber Group-Unitronics deal According to the terms of the acquisition, Unitronics will leverage ILJIN's extensive electronics manufacturing expertise to enhance operational synergies, accelerate innovation, and strengthen its product position in India. The executive will continue to serve on the board, and work closely with the Amber leadership, the joint statement added. Tired of too many ads? go ad free now Following the execution of shareholders' agreement and proposed acquisition, Unitronics Joint Chairman Haim Shani will continue to serve on the board and closely work with the Amber leadership after the deal. What the deal means for Amber Group "This transaction will significantly strengthen Amber's Electronic Division by providing a strong foothold in the rapidly growing sector of Industry 4.0 solutions and real-time data-driven technologies," said Jasbir Singh, executive chairman and CEO, Amber Group said. Unitronics offers a range of industrial automation products designed to meet the unique requirements of different applications including design, development, manufacturing, marketing, sale and support of products such as PLCs (Programmable logic controllers), HMIs (Human-Machine Interface), PLCs with integrated HMIs, VFDs (Variable Frequency Drives), Servo Drives, SaaS solutions like UniCloud, and Industrial Internet of Things (IIoT) with built- in business intelligence, supported by its all-in-one software for machine and process control across various industries, Amber said in a statement. 'This strategic partnership with Amber Group represents a pivotal moment in our journey. Driven by a shared vision, this collaboration aims to unlock powerful synergies and scale the business to new heights," said Haim Shani, Joint Chairman of Unitronic.
Globe and Mail
7 days ago
- Business
- Globe and Mail
Honeywell's Q2 Earnings & Revenues Beat Estimates, 25' View Up
Honeywell International Inc. HON reported second-quarter 2025 adjusted earnings of $2.75 per share, which surpassed the Zacks Consensus Estimate of $2.64. The bottom line increased 10% year over year on an adjusted basis. On a reported basis, the company's earnings were $2.45 per share, up 4% year over year. Total revenues of $10.35 billion beat the consensus estimate of $10.02 billion. The top line increased 8% from the year-ago quarter, driven by strength in the Aerospace Technologies segment. Organic sales increased 5% year over year. Honeywell Q2 Performance by Business Segment Beginning in the second quarter of 2024, the company started operating under the segments discussed below. Aerospace Technologies' quarterly revenues were $4.31 billion, up 11% year over year. Organic sales increased 6% year over year. Strength in both commercial aftermarket and defense and space markets, driven by increased flight activity, augmented the top line. Our estimate for the segment's revenues was $4.28 billion. Industrial Automation revenues declined 5% year over year to $2.38 billion. Organic sales were flat year over year. The sales decline was attributable to softness in the warehouse and workflow solutions business, which was partially offset by growth in the sensing and safety technologies business. Our estimate for segmental revenues was pegged at $2.36 billion. Building Automation revenues totaled $1.83 billion, up 16% year over year. Organic sales increased 8% year over year. The upside was driven by ongoing strength in both the building solutions and building products businesses. Our estimate for the segment's revenues was $1.71 billion. Energy and Sustainability Solutions' revenues increased 15% to $1.84 billion. Organic sales rose 6% year over year. The results were driven by strength across UOP, specialty chemicals and materials businesses. However, weakness in the fluorine products business offset the gains. Our estimate for the segment's revenues was $1.63 billion. Costs & Margins of HON The company's total cost of sales (cost of products and services) was about $6.33 billion, up 8.1% year over year. Selling, general and administrative expenses were $1.43 billion, up 4.9%. Interest expenses and other financial charges were $330 million, reflecting an increase of 32% year over year. Operating income was $2.11 billion, up 7% year over year. The operating income margin was 20.4% compared with 20.7% in the year-ago period. HON's Balance Sheet & Cash Flow Exiting second-quarter 2025, Honeywell had cash and cash equivalents of $10.3 billion compared with $10.6 billion at the end of December 2024. Long-term debt was $30.2 billion, higher than $25.5 billion at 2024-end. In the second quarter, it generated net cash of $1.3 billion from operating activities compared with $1.4 billion in the prior-year quarter. Capital expenditure totaled $303 million compared with $259 million in the previous year quarter. Free cash flow in the quarter was $1 billion, down 8.6% from the year-ago quarter's level. Honeywell's 2025 Guidance For 2025, Honeywell expects sales to be in the range of $40.8-$41.3 billion, higher than $39.6-$40.5 billion projected previously. Organic sales are now expected to increase in the range of 4-5% compared with its earlier projection of 2-5%. HON expects a segment margin of 23.0-23.2% compared with 22.6% in 2024. Adjusted earnings per share (EPS) are expected to be between $10.45 and $10.65, higher than $10.20-$10.50 guided earlier. The metric indicates an increase of 6-8% on a year-over-year basis. It continues to expect operating cash flow in the range of $6.7-$7.1 billion. Free cash flow is still expected to be in the band of $5.4-$5.8 billion. HON's Zacks Rank & Key Picks The company currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Some better-ranked stocks from the same space are discussed below: Huntington Ingalls Industries HII presently sports a Zacks Rank of 1. HII's earnings surpassed the consensus estimate twice and missed in the other two occasions in the trailing four quarters. The average earnings surprise was 4.2%. In the past 60 days, the Zacks Consensus Estimate for Huntington Ingalls' 2025 earnings has increased 0.8%. Howmet Aerospace HWM currently carries a Zacks Rank #2 (Buy). HWM has an impressive earnings surprise history, having outperformed the consensus estimate in each of the preceding four quarters, the average surprise being 8.8%. In the past 60 days, the Zacks Consensus Estimate for Howmet Aerospace's 2025 earnings has increased 0.9%. ITT Inc. ITT currently carries a Zacks Rank of 2. ITT has an impressive earnings surprise history, having outperformed the consensus estimate in each of the preceding four quarters, the average surprise being 1.7%. In the past 60 days, the Zacks Consensus Estimate for ITT's 2025 earnings has increased 0.9%. 7 Best Stocks for the Next 30 Days Just released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. They deem these tickers "Most Likely for Early Price Pops." Since 1988, the full list has beaten the market more than 2X over with an average gain of +23.5% per year. So be sure to give these hand picked 7 your immediate attention. See them now >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Honeywell International Inc. (HON): Free Stock Analysis Report ITT Inc. (ITT): Free Stock Analysis Report Huntington Ingalls Industries, Inc. (HII): Free Stock Analysis Report Howmet Aerospace Inc. (HWM): Free Stock Analysis Report
Zawya
7 days ago
- Business
- Zawya
BITS Pilani Dubai first to launch Bachelor's Degree in Robotics & Industrial Automation across all BITS campuses
Dubai, UAE – BITS Pilani Dubai Campus (BPDC) has announced the launch of its new B.E. programme in Robotics and Industrial Automation, a forward-looking initiative designed to prepare students for careers in the rapidly evolving landscape of intelligent automation. This is the first time this specialized programme is being introduced across any BITS Pilani campus, placing the Dubai campus at the forefront of robotics education within the institution's global network. This launch comes at a time when the global robotics market—valued at USD 62.75 billion in 2019—is projected to nearly triple by 2027. The UAE and wider GCC region are already emerging as leaders in robotics and automation, driven by smart city development, AI innovation, and growing investments in sectors such as logistics, manufacturing, energy, and healthcare. In this dynamic environment, BPDC's new programme aims to equip students with a strong foundation in robotics, industrial automation, and artificial intelligence, combined with hands-on experience and interdisciplinary learning. What makes this programme truly unique is that the courses and curriculum have been jointly developed by the Departments of Mechanical, Electrical, and Computer Science at BITS Pilani Dubai. Equal emphasis has been placed on theory and lab-based learning—twelve courses in the programme include dedicated lab sessions, supported by the institute's advanced facilities. According to Prof. Souri Banerjee, Director of BPDC, 'Robotics is no longer science fiction. It's the future of every industry—from manufacturing and healthcare to logistics, agriculture, and even space exploration. With this programme, we are preparing our students to be leaders in this transformation, empowering them with advanced technical skills and the ability to innovate.' The curriculum includes foundational courses in mechanical, electronic, and computer systems, alongside specialized subjects such as Introduction to Mechanisms and Robotics, AI for Robotics, Robot Dynamics and Control, Embedded System for Robotics, Industrial Automation & Control, Computer Vision and Sensors, Actuators & Signal Conditioning . Students will also gain practical experience with industry-relevant tools like Programmable Logic Controllers (PLC), SCADA systems, STM32 microcontrollers, CAD/CAE platforms, and Human-Machine Interfaces (HMI). Commenting on the new programme, Ms. Nahid Afshan, Head of Admissions at BPDC, said, 'The introduction of this programme reflects our ongoing commitment to offering cutting-edge, industry-relevant education. With the world rapidly embracing automation, this is an exciting opportunity for students to gain a competitive edge in a high-growth field.' Prof. Vincent Shantha Kumar, Associate Professor and Head of the Programme, added: 'It's the right time that we have launched this particular programme. Professionally, Robotics and Industrial Automation is one of the fastest growing engineering fields and there's a huge demand in the field of aerospace, industries, manufacturing industries, energy industries and students will be developing high employability rate with this programme. We have benchmarked this programme with the top universities across the globe offering Robotics education, which makes it truly unique compared to other programmes offered by other universities.' In addition, students can choose from a wide range of electives in cutting-edge areas such as Deep Learning, Autonomous Aerial Vehicles, Machine Learning, Digital Twins in Mechanical Engineering, Cyber Physical Systems and Security, AR/VR in Robotics, and Bio-Inspired Intelligence. This ensures a holistic education aligned with the demands of modern industries. The career prospects for graduates of this programme are both diverse and promising. Students can explore roles such as Robotics Engineer, Mechatronics Engineer, Controls Engineer, Robotics Software Developer, Automation Engineer, and Field Robotics Technician. The programme also opens up opportunities to work with leading companies in the UAE and India such as Siemens, Schneider Electric, Honeywell, Emerson Automation, Weidmuller, FESTO, Digi Robotics, IQ Robotics, Ameca Robotics, DEWA, Emirates Airlines, Techrobotix, and Larsen & Toubro, among others. As an international campus of the prestigious BITS Pilani, BPDC offers students a globally benchmarked education. The vibrant multicultural environment and state-of-the-art infrastructure at BPDC enhance the learning experience. Students may also opt for Minor Programmes in complementary areas like Data Science and Entrepreneurship to broaden their academic and career pathways. Admissions are now open for the B.E. in Robotics and Industrial Automation. High school students with a background in Physics and Mathematics are encouraged to apply. For more information and to apply, please visit:
Yahoo
20-07-2025
- Automotive
- Yahoo
Why Cartken pivoted its focus from last-mile delivery to industrial robots
Autonomous robotics startup Cartken, known for its four-wheeled robots that deliver food on college campuses and through Tokyo's bustling streets, has found a new area of focus: industrials. Cartken co-founder and CEO Christian Bersch told TechCrunch that applying its delivery robots to industrial settings was always in the back of his mind as they built the startup. When companies started reaching out about using their robots in factories and labs, Cartken took a closer look. 'What we found is that actually there's a real big need in industrial and onsite use cases,' said Bersch, who co-founded the startup along with other former Google engineers behind the Bookbot project. 'Sometimes there have even [been] more direct value to companies optimizing their material flows or their production flows.' In 2023, the startup landed its first big industrial customer, German manufacturing company ZF Lifetec. Initially, ZF Lifetec used its existing delivery robots, called the Cartken Courier, which can hold 44 pounds and resembles an Igloo cooler on wheels. 'Our food delivery robot started moving production samples around, and it's quickly turned into our busiest robot of all,' Bersch said. 'That's when we said, hey, there's like real use cases and real market need behind it, and that's when we started targeting that segment more and more.' At the time, Cartken was still pressing ahead on its delivery sidewalk business, including locking in partnerships with Uber Eats and GrubHub for its last-mile delivery operations across U.S. college campuses and in Japan. But that early success with ZF, encouraged the startup founders, which includes Jake Stelman, Jonas Witt and Anjali Naik, to expand its business model. Switching Cartken's robots from food delivery to an industrial setting, wasn't much of a challenge, Bersch said. The AI behind the robots is trained on years of food delivery data and the devices are designed to traverse various terrains and weather conditions. This means the robots can travel between indoor and outdoor settings. And thanks to data collected from delivering food on Tokyo streets, the robots are able to react and maneuver around obstacles. Cartken, which has raised more than $20 million from 468 Capital, Incubate Fund, Vela Partners, and other venture firms, has started to build out its robotic fleet to reflect its pivot to industrials. The company released the Cartken Hauler earlier this year, which is a larger version of the Cartken Courier and can hold up to 660 pounds. The company also released the Cartken Runner, designed for indoor deliveries, and is also working on something similar to a robotic forklift. 'We have a navigation stack that is parameterizable for different robot sizes,' Bersch said. 'All the AI and machine learning and training that went into that is like transferring directly to the other robots.' Cartken recently announced that it was deepening its four-year relationship with Japanese automaker Mitsubishi, which originally helped the company get the needed certifications to operate their delivery robots on the streets of Tokyo. Melco Mobility Solutions, a company under the Mitsubishi umbrella, just announced that it will be buying nearly 100 Cartken Hauler robots for use in Japanese industrial facilities. 'We're definitely seeing a lot of traction across various industrial and corporate sites, from automotive companies to pharmaceutical to chemical,' he said. 'All these companies typically have people moving stuff from one building to another, whether it's being by hand, on a cart ,or a small forklift, and that is really what we're targeting.' Cartken will still continue its food and consumer last-mile delivery business, but it won't be expanding it, Bersch said, adding they still do a lot of testing for new capabilities on these existing last-mile delivery routes. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
TechCrunch
20-07-2025
- Automotive
- TechCrunch
Why Cartken pivoted its focus from last-mile delivery to industrial robots
Autonomous robotics startup Cartken, known for its four-wheeled robots that deliver food on college campuses and through Tokyo's bustling streets, has found a new area of focus: industrials. Cartken co-founder and CEO Christian Bersch told TechCrunch that applying its delivery robots to industrial settings was always in the back of his mind as they built the startup. When companies started reaching out about using their robots in factories and labs, Cartken took a closer look. 'What we found is that actually there's a real big need in industrial and onsite use cases,' said Bersch, who co-founded the startup along with other former Google engineers behind the Bookbot project. 'Sometimes there have even [been] more direct value to companies optimizing their material flows or their production flows.' In 2023, the startup landed its first big industrial customer, German manufacturing company ZF Lifetec. Initially, ZF Lifetec used its existing delivery robots, called the Cartken Courier, which can hold 44 pounds and resembles an Igloo cooler on wheels. 'Our food delivery robot started moving production samples around, and it's quickly turned into our busiest robot of all,' Bersch said. 'That's when we said, hey, there's like real use cases and real market need behind it, and that's when we started targeting that segment more and more.' At the time, Cartken was still pressing ahead on its delivery sidewalk business, including locking in partnerships with Uber Eats and GrubHub for its last-mile delivery operations across U.S. college campuses and in Japan. But that early success with ZF, encouraged the startup founders, which includes Jake Stelman, Jonas Witt and Anjali Naik, to expand its business model. Switching Cartken's robots from food delivery to an industrial setting, wasn't much of a challenge, Bersch said. The AI behind the robots is trained on years of food delivery data and the devices are designed to traverse various terrains and weather conditions. Techcrunch event Tech and VC heavyweights join the Disrupt 2025 agenda Netflix, ElevenLabs, Wayve, Sequoia Capital — just a few of the heavy hitters joining the Disrupt 2025 agenda. They're here to deliver the insights that fuel startup growth and sharpen your edge. Don't miss the 20th anniversary of TechCrunch Disrupt, and a chance to learn from the top voices in tech — grab your ticket now and save up to $675 before prices rise. Tech and VC heavyweights join the Disrupt 2025 agenda Netflix, ElevenLabs, Wayve, Sequoia Capital — just a few of the heavy hitters joining the Disrupt 2025 agenda. They're here to deliver the insights that fuel startup growth and sharpen your edge. Don't miss the 20th anniversary of TechCrunch Disrupt, and a chance to learn from the top voices in tech — grab your ticket now and save up to $675 before prices rise. San Francisco | REGISTER NOW This means the robots can travel between indoor and outdoor settings. And thanks to data collected from delivering food on Tokyo streets, the robots are able to react and maneuver around obstacles. Image Credits:Cartken Cartken, which has raised more than $20 million from 468 Capital, Incubate Fund, Vela Partners, and other venture firms, has started to build out its robotic fleet to reflect its pivot to industrials. The company released the Cartken Hauler earlier this year, which is a larger version of the Cartken Courier and can hold up to 660 pounds. The company also released the Cartken Runner, designed for indoor deliveries, and is also working on something similar to a robotic forklift. 'We have a navigation stack that is parameterizable for different robot sizes,' Bersch said. 'All the AI and machine learning and training that went into that is like transferring directly to the other robots.' Cartken recently announced that it was deepening its four-year relationship with Japanese automaker Mitsubishi, which originally helped the company get the needed certifications to operate their delivery robots on the streets of Tokyo. Melco Mobility Solutions, a company under the Mitsubishi umbrella, just announced that it will be buying nearly 100 Cartken Hauler robots for use in Japanese industrial facilities. 'We're definitely seeing a lot of traction across various industrial and corporate sites, from automotive companies to pharmaceutical to chemical,' he said. 'All these companies typically have people moving stuff from one building to another, whether it's being by hand, on a cart ,or a small forklift, and that is really what we're targeting.' Cartken will still continue its food and consumer last-mile delivery business, but it won't be expanding it, Bersch said, adding they still do a lot of testing for new capabilities on these existing last-mile delivery routes.
