U.S. machine shops and other manufacturers ordered new equipment and related technologies worth $371.97 million during August, an increase of nearly 5% over the July total, yet falling well short of the year-ago result....More
Emerson said it will also explore strategic alternatives for its motors and drives, power generation and remaining storage businesses, and will conduct a complete review and assessment of its corporate services and structure to bring them into alignment with its smaller scale and sharper focus....More
General Cable Corp., Highland Heights, Ky., said it will sell its Asia Pacific operations to MM Logistics Co., Ltd., for approximately $205 million. The company’s operations in the region include businesses in Thailand, China, New Zealand and Australia. The sale is part of a divestiture program announced last fall and will simplify General Cable’s geographic coverage....More
The Better Buildings Alliance, part of the U.S. Department of Energy's Energy Efficiency and Renewable Energy office, recognized 18 organizations for their achievements in improving the energy-efficiency of their parking facilities....More
Fuse, switchgear and motor part manufacturer Mersen, based in Paris, France, signed an agreement to acquire ASP, a specialist in surge protection devices based in China.
Mersen said the deal is part of a strategy to expand Mersen's electrical segment in the overvoltage protection market. The ASP deal follows Mersen’s acquisition of a majority stake in Cirprotec, based in Spain, in Feb. 2014, which brought the group expertise in IEC standards along with product lines in lighting and overvoltage protection....More
Eaton will continue to use the lighting and control product line brand names it acquired in the Cooper deal, including Halo, Metalux, Lumark, Corelite, Neo-Ray, Fifth Light and Greengate, all part of the Eaton Lighting Division....More