News
Diversified industrial manufacturer Eaton Corporation has acquired the assets of Mississauga, Ont.-based IE Power, Inc., a designer and manufacturer of high power inverters.
The Society of Manufacturing Engineers (SME), the American Welding Society (AWS) and the Fabricators and Manufacturers Association (FMA) have announced plans to launch the first-ever FABTECH Canada. The metal forming, fabricating, welding and finishing event will take place at the Toronto Congress Centre, March 20-22, 2012.
ARC Advisory Group recently announced that industry veteran, Peter D. Reynolds, has joined its automation team as a senior consultant. Reynolds brings more than 19 years of professional experience in process control, advanced automation applications, information technology, and supply chain in the downstream oil refining and petroleum product marketing industry to ARC.
Honda Motor Co. says it will recall a total of 962,000 cars worldwide - more than 13,000 of those in Canada - to fix power windows and computer systems.
The Timken Company has agreed to acquire privately held Drives LLC for $92 million US in cash. Based in Fulton, Ill., Drives is a manufacturer of highly engineered drive-chains, roller-chains and conveyor augers for the agricultural and industrial marketplace. The company posted sales of approximately $100 million in the last 12 months, with 430 employees in North America.
The Ontario government has named George Gritziotis as the province's first chief prevention officer.
A spokesman for a Nova Scotia wind farm parts maker says a lack of welders has caused delays in production.
Magna International Inc. is spending $430 million to research and develop electric vehicle technology in Ontario, a move that will create more than 700 jobs in the province.
Kruger Products LP, Canada's biggest tissue maker with brands such as Scotties and SpongeTowels, will spend $316 million US to expand a mill in Tennessee - a move that the Parti Quebecois says will hurt Quebec's economy.
Honeywell has completed its acquisition of EMS Technologies, Inc. for approximately $491 million US. EMS is a provider of connectivity solutions for mobile networking, rugged mobile computers and satellite communications. The acquisition will enhance Honeywell's existing capabilities in rugged mobile computing technologies within its Automation and Control Solutions business, and satellite communications within its Aerospace business. EMS's Global Resource Management division provides highly ruggedized mobile computing products and services for use in transportation, logistics and workforce management settings, as well as secure satellite-based asset tracking and messaging technology for search and rescue, warehousing and field force automation environments. www.honeywellnow.com
Instrumentation and controls company Spectris plc has signed an agreement to acquire the Omega Engineering business. Omega is a supplier of process measurement and control instrumentation across a broad range of categories, including automation, wireless, test and measurement, process control, power monitoring, environmental and lab equipment.
MRO product supplier Grainger has announced its intention to acquire the shares of Fabory Group, a European distributor of fasteners and related MRO products, for approximately $344 million US.
Sick, a producer of sensors and sensor solutions for industrial applications, has appointed Craig S. Smith as president of Sick Ltd. in Canada.
KBC Tools & Machinery has appointed the company's first-ever director of Canadian operations. Karen Neath, branch manager at KBC's Canadian headquarters in Mississauga, Ont., was selected for the position earlier this month. Neath will continue her role as branch manager while expanding her mandate to include overseeing and co-ordinating activities among KBC's Oldcastle, Ont., and Delta, B.C. branches.
Businesses in manufacturing, technology and life sciences will have an opportunity to bring new products to market, expand and create new jobs thanks to a new partnership with the University of Waterloo and small and medium-sized businesses.

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