Wright Concrete’s blending and bagging group Wright-Mix Material has executed an acquisition of Ohio-based underground mining fire-retardant ventilation sealant company Pyro-Chem. No financial details were released, but the company said the transaction of the company and its line of MSHA-approved products was completed on August 18. Wright-Mix current serves a number of industries in America with production, blending and bagging…
Read MoreDay: August 18, 2022
ABB to acquire Siemens low-voltage NEMA motor business
ABB has signed an agreement to purchase Siemens’ low voltage NEMA motor business. With manufacturing operations in Guadalajara, Mexico, this acquisition provides a well-regarded product portfolio, a longstanding North American customer base, and an experienced operations, sales and management team. The business employs around 600 people and generated revenues of approximately $63 million in 2021. Financial terms of the transaction…
Read MoreCummins opens new microgrid testing laboratory
Cummins Inc. celebrated the grand opening of a new microgrid lab called the Power Integration Center (PIC) at its Power Systems facility in Fridley, Minn. The PIC is a state-of-the-art facility that allows for the configuration, integration and testing of power system technologies including diesel and natural gas generator sets, photovoltaic (PV) solar panels, battery storage systems, fuel cells, transfer…
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