PTC to offer comprehensive modeling suite.
PTC, the Product Development Company®, recently announced it has entered into a definitive agreement to acquire
CoCreate Software GmbH, a provider of PLM and CAD modeling solutions for approximately $250 million. CoCreate, based in Sindelfingen, Germany, is privately held, has 280 employees and more than 5,000 customers globally.
With the acquisition of CoCreate, PTC will broaden its portfolio and offer support for the most comprehensive range of modeling techniques in the MCAD industry. PTC plans to integrate the CoCreate modeling solutions with the PTC Product Development System (PDS) in order to offer CoCreate customers additional product development capabilities including engineering calculations, dynamic publishing, visualization, high-speed machining, and enterprise content and process management, and ultimately, the option of using their modeling solutions also as part of the PTC PDS.
The acquisition is expected to close in December 2007, subject to customary conditions including regulatory approval.
PTC plans to finance the acquisition and related expenses with a combination of $50 million of cash and $210 million of debt from its existing credit facility.
Simrit acquires Precision Industries Corp.
Simrit, a division of Freudenberg-NOK, has announced the acquisition of the assets of
Precision Industries Corp. of Germantown, WI, a developer and manufacturer of specialized custom diaphragms. Terms of the agreement have not been disclosed.
Precision was established in 1986 as a manufacturer of diaphragms, specializing in fabric-reinforced diaphragms for small engines, fuel systems, irrigation, gaseous fuels, pneumatic controls and medical regulators.
Precision’s product capabilities include custom diaphragms made of rubber, rubber-fabric combinations and specialty materials, as well as diaphragms and gaskets die-cut from coated fabrics. The company’s designs also encompass insert-molded diaphragms and over-molded diaphragms, but their distinction is in assembling specialized diaphragms. Using state-of-the-art equipment, including PLC controlled presses, 3-D modeling systems and robust manufacturing software, they optimize processes to bring customers diaphragm solutions which are both robust and cost-efficient.
For more information, visit the Simrit website at www.simrit.com.
RonTro moves its laser cutting operation to Wood Dale, IL, about seven minutes west from its former Bensenville home.
RonTro Enterprises has moved its Bensenville operations to 820 Sivert Drive in Wood Dale, IL. The new 12,000+ square foot facility is being completely remodeled and will feature state-of-the-art technology and safety features, according to the company. The move comes in response to increased sales growth and the need to accommodate installation of new equipment.
Providing precision metal laser cutting utilizing Trumpf machinery, RonTro offers cutting up to 3/4” Steel; 5/8” Stainless; 3/8” Aluminum as well as all secondary operations.
For more information visit www.rontro.com.
Ansoft ranked among 200 best small companies by Forbes
Forbes Inc. recently ranked
Ansoft Corp. 34th on its annual listing of the 200 Best Small Companies in America. Ansoft moved up from last year's ranking of 82 with another year of strong financial performance.
Click here to learn more about the Forbes 200 Best Small Companies.
SKF® strives to improve performance and uptime
SKF® certified rebuilders have been equipped to provide electric motor repair services supported by highly specialized training, technology and engineering support. According to the company, the rebuilders’ expertise in delivering certified motor rebuilds can help prevent recurring motor failures, extend motor service life and reduce continual repair costs and downtime.
Eligible shops can undergo in-depth and ongoing training in skills and techniques targeting the critical aspects of motor servicing. Certified rebuilders then must meet specified requirements governing service, procedures, quality control, acceptance testing, cleanliness, tooling, bearings and components and workplace conditions, among others. Compliance audits and re-certification are conducted regularly by SKF at every shop location.
To tap into a growing network of SKF certified rebuilders visit www.skfusa.com/rebuilder.
Technology and Solutions Center brings together team of industry specialists from multiple disciplines.
Schneider Electric has announced the launch of a technology center to support automation and control OEMs, the first-ever such resource in the industry according to the company. The OEM Technology and Solutions Center (TASC) brings together a dedicated team of industry specialists from multiple disciplines who serve as a single-point resource for technical and application support. The center is located in Raleigh, NC, and its experts have in-depth knowledge of the key industries they serve.
The OEM TASC will focus its support on OEMs, system integrators and control panel builders who have customers in the material handling, HVAC, pump, crane and hoist, packaging, elevator/escalator and transportation wash industries. The center also can assist other OEM machine builders with their specific applications.
For more information about the Schneider Electric OEM TASC, visit www.us.schneider-electric.com/OEM.
austriamicrosystems and IDS Microchip form joint development for reader IC to empower portable UHF RFID readers
austriamicrosystems, a global designer and manufacturer of high performance analog ICs for communications, industrial, medical and automotive applications, and
IDS Microchip, a provider of flexible RFID and sensors silicon system solutions, have partnered to develop an innovative UHF RFID reader IC targeted at the portable RFID reader market.
According to the companies, the UHF RFID readers would be used to interrogate Gen 2 RFID tags, the latest generation of RFID tag technology, allowing contactless identification of goods or materials in a broad range of applications.
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