Emerson (St. Louis, Mo.) agreed to acquire Open Systems International, Inc. (OSI Inc.) for $1.6 billion in an all cash transaction. OSI Inc. is a leading operations technology software provider that broadens and complements Emerson’s robust software portfolio and ability…
Industrial software firms Aveva Group plc (Cambridge, U.K.) and OSIsoft (San Leandro, Calif.), have announced an agreement for Aveva to acquire OSIsoft for $5.0 billion. Aveva and OSIsoft will combine their complementary product offerings, bringing together industrial software and data…
Babcock Borsig Service Arabia Ltd. has signed its first digitalization contract with Saudi Tabreed Operations & Maintenance Co. This is the first digitalization awarding secured by Bilfinger Middle East for the region. Saudi Tabreed, a highly experienced district cooling scheme…
Chemical companies can drive peak performance and extend the lifecycle of their assets by making the step-change from time-based to condition-based predictive maintenance Exposed to fluctuations in global commodities markets, and typically characterized by high volumes and low margins, the…
Sibur (Moscow, Russia) & G-Core Labs S.A. (Luxembourg) have launched a universal augmented reality (AR) service for the remote maintenance and repair of industrial equipment. Sibur has launched the universal AR service for remotely maintaining and repairing industrial equipment, which will…
Siemens AG (Munich, Germany) and Bentley Systems (Exton, Pa.) will develop the first petrochemical digital twin in Indonesia for Chandra Asri, the country’s largest integrated petrochemical complex. Chandra Asri is set to double its capacity in the next five years…
Accenture (Dublin, Ireland) and AT&T are working with Phillips 66 (Houston) to develop industrial cellular wireless connectivity, with the development of a private cellular network solution. The solution will lay the foundation for potential future 5G use cases, including support…
Clariant Catalysts (Munich, Germany) is picking up speed with the successful expansion of its high-throughput R&D center in Palo Alto, California. Thanks to a significant investment, the upgraded facility is fitted with the latest high-throughput equipment, and will be home…
BP plc (London) announced that bp ventures has invested $5 million in Satelytics, a cloud-based geospatial analytics software company that uses advanced spectral imagery and machine learning to monitor environmental changes, including methane emissions. Satelytics collects high resolution spectral imagery…
Siemens AG (Munich, Germany) has signed an agreement to acquire Cambridge, UK-based UltraSoC Technologies Ltd., a provider of instrumentation and analytics solutions that put intelligent monitoring, cybersecurity and functional safety capabilities into the core hardware of system-on-chip (SoC). Siemens plans…