The Efficiency of BIM for Bridges

July 14, 2021 | 146 views

When the Tamina Bridge in the Swiss Alps was first proposed, the engineers were uncertain how they would create a bridge that spanned two different heights at each end of the valley, at a height of 220m (772 feet) above ground. Yet despite these challenges, the bridge was completed a year ahead of schedule in just four years – mainly due to the efficiencies that Building Information Modelling (BIM) provided. While the name may inadvertently imply that only buildings can benefit, BIM offers a host of advantages when designing and building bridges as well.

Spotlight

Pollen AM

Pollen AM has developed Pam Technology (Pellet Additive Manufacturing): a scalable production mean that allows industrials to reduce lead-time without any equivalent on the market. Pam is a 3D printing technology using pellets raw materials, the same as injection moulding and allows to produce parts throughout all phases of products life cycle with a referenced and validated material.

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ENGINEERING TECH

EDM set to lead skills development in new £10 million digital engineering centre

Article | August 4, 2021

UWE Bristol will play a central role in a new £10 million digital engineering centre for the region. The Centre for Digital Engineering Technology & Innovation is a research, innovation and skills initiative created to develop and accelerate digital engineering across multiple industry sectors, to ultimately benefit future generations of engineers and engineering products, and to help tackle global challenges.

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MARKET, ENGINEERING TECH

Service Tech Mobile Unveiled at AHR

Article | July 11, 2022

The recent AHR Expo 2020 was a showcase of the very latest - and coolest - technologies for service contractors. From cutting-edge air and water purification systems to virtual reality headsets to advanced sensors and alert systems to enhance safety, one thing is clear: service contractors today have a lot more tools at their disposal than they have in years past.

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ENGINEERING TECH

The Future of Construction from a Leader in SLAM-Based Laser Scanning

Article | August 24, 2021

Since the early days of the personal computer the construction industry has been slow to adopt digital technology. As a result, increases in construction productivity have lagged virtually every other major industry, such as automotive and aircraft manufacturing. It’s true that every construction project is different, unlike automobiles and planes, but we can do more to improve the future of construction.

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Financial Engineering: How To Make SAP Shareholders Happy

Article | February 10, 2020

SAP is tweaking and twisting everything it can to make everybody happy. The efforts of Mucic, Morgan and Klein are remarkable. The three musketeers strike again: SAP co-CEOs Jennifer Morgan and Christian Klein as well as CFO Luka Mucic want to make everyone in the SAP community happy, and they want to make everyone happy all at once. To make that happen, they are moving large sums of money around – only through legal, albeit a little questionable, methods, primarily financial engineering.

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Spotlight

Pollen AM

Pollen AM has developed Pam Technology (Pellet Additive Manufacturing): a scalable production mean that allows industrials to reduce lead-time without any equivalent on the market. Pam is a 3D printing technology using pellets raw materials, the same as injection moulding and allows to produce parts throughout all phases of products life cycle with a referenced and validated material.

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ENGINEERING TECH

GlobalLogic Acquires Fortech, a Leading Digital Engineering Company Based in Romania

GlobalLogic | November 21, 2022

GlobalLogic Inc., a Hitachi Group company and Digital Engineering leader, announced that it has signed a definitive agreement to acquire Fortech, a leading software engineering services company based in Romania. Headquartered in Cluj-Napoca, Fortech has applied its deep technical capabilities to hundreds of clients and more than 1,000 digital projects throughout nearly two decades of operation—a track record that has ultimately positioned the company as one of Romania’s largest leading independent digital engineering firms. With 1,100+ people, Fortech operates out of four cities in Romania to support top-tier clients across a wide range of industries. These achievements and capabilities will help GlobalLogic further expand its customer and talent base, as it aims to address the robust global demand for digital transformation (DX). Additionally, Fortech’s seasoned leaders will bring valuable technical and domain experience along with strong relationships across European markets and marquee clients. “Fortech is a leading firm with proven track record and specialization in technology that is needed for digital evolution, This acquisition will further enhance GlobalLogic’s presence in Europe, and accelerate our access to the rich technical talent in Romania; it will arm Fortech with the resources and strong backing of GlobalLogic and Hitachi. We are excited to welcome Fortech and their talented people to the GlobalLogic family.” -Nitesh Banga, President and CEO, GlobalLogic. Founded in 2003, Fortech delivers full-spectrum digital engineering services including Architecture Design, Software Development, DevOps, Quality Assurance, and Data Analytics. The company has successfully architected, built, and maintained products for clients across numerous industries with a focused specialization in Cloud, IOT, and SaaS. Fortech holds deep domain experience in six key high growth verticals: Automotive, Banking/Finance, Healthcare, Manufacturing, Professional Services, and Technology/Media/Telecom. Fortech’s coverage of key industries and technologies is an incredible match for GlobalLogic. Fortech’s successes have led to it being recognized as one of the 2022 Best Managed Companies in Romania in the first edition of Deloitte’s Romania program. “We’re proud of our legacy, which is based on helping companies realize the power of transformative digital solutions, Joining forces with GlobalLogic, backed by Hitachi, takes our reach to a whole new level. Additionally, finding a partner that shares our cultural values with a strong emphasis on people, customers, and societal benefit is extremely gratifying.” -Calin Vaduva, CEO, Fortech. GlobalLogic’s investment in Fortech is part of a multi-year strategy designed to establish a wider European footprint while enabling it to better serve its customers worldwide from a delivery perspective. This acquisition will further enable GlobalLogic to augment Hitachi's strengths in Information Technology (IT), Operating Technology (OT), and Products, and accelerate its growth helping expand the Lumada business. About Fortech: Fortech (www.fortech.ro) is a software services company headquartered in Cluj-Napoca, Romania. It also holds engineering hubs in Oradea, Iasi, and Brasov. With a workforce of 1,100+ people, Fortech’s technical expertise spans a variety of sectors, from automotive and financial to healthcare and more. Fortech covers the end-to-end software lifecycle development to deliver the innovation, scalability, quality, and speed needed by its clients. The company’s approach to software engineering combines strong technology and process know-how, Agile delivery methods, and a blend of code quality practices and metrics refined throughout two decades of operation. Since 2003, more than two hundred brands have chosen Fortech as their software engineering partner. About GlobalLogic: GlobalLogic is a leader in digital engineering. We help brands across the globe design and build innovative products, platforms, and digital experiences for the modern world. By integrating experience design, complex engineering, and data expertise – we help our clients imagine what’s possible and accelerate their transition into tomorrow’s digital businesses. Headquartered in Silicon Valley, GlobalLogic operates design studios and engineering centers around the world, extending our deep expertise to customers in the automotive, communications, financial services, healthcare and life sciences, manufacturing, media and entertainment, semiconductor, and technology industries. GlobalLogic is a Hitachi Group Company operating under Hitachi, Ltd. (TSE: 6501), which contributes to a sustainable society with a higher quality of life by driving innovation through data and technology as the Social Innovation Business.

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CONSTRUCTION

Oldcastle APG Acquires Operations of Sterling Sand and Soil Mender Products

CRH | November 25, 2022

Oldcastle APG, a CRH company, has acquired the packaging operations of Sterling Sand and the soil business of Soil Mender Products. The acquisitions of its co-packing partners enable Oldcastle APG to extend its geographic position and production capabilities in high-demand, high-growth markets to best serve its customers. With operations in South Carolina and North Carolina, Sterling Sand is a leading regional manufacturer and distributor of specialty sands for industrial, construction, recreation and other end-market uses. An established co-packer for Oldcastle APG's Techniseal business, Sterling Sand is a key partner in the bagging and distribution of its polymeric sand products for customers in the Southeast US. The acquisition of Sterling Sand's packaging operations will enable Techniseal to achieve increased production capacity and market share growth potential in southeastern markets. Soil Mender Products is a leading regional manufacturer of lawn and garden solutions that promote soil health, biodiversity and outdoor aesthetics while supporting a thriving ecosystem. Located in northwestern Texas, it operates as a co-packer for Oldcastle APG's large retail customers in the Texas market. Soil Mender's advantageous geographic position, coupled with its exceptional product offerings and industry knowledge, effectively strengthen Oldcastle APG's Lawn & Garden business in the region. "As North America's leading provider of integrated and sustainable outdoor living solutions, we are excited to welcome Sterling Sand and Soil Mender Products to the APG Family as we enhance our Techniseal and Lawn & Garden manufacturing capabilities, With increased production and growth in the Carolinas, Texas and surrounding markets, we can continue to provide end-to-end outdoor living solutions to customers across the country." -Tim Ortman, President, Oldcastle APG. About Oldcastle APG: Oldcastle APG, a CRH Company, is an international provider of outdoor living and building materials, with industry-leading positions in hardscapes, concrete masonry, fencing and railing, bagged dry mixes, lawn and garden, pool finishes and composite decking. Oldcastle APG's signature brand portfolio includes Belgard, Echelon, Barrette Outdoor Living, Sakrete, Pebble Technology International and MoistureShield. About CRH: CRH is the leading building materials business in the world, employing c.73,000 people at c.3,200 operating locations in 29 countries. It is the largest building materials business in North America and in Europe and also has regional positions in Asia. CRH manufactures and supplies a range of integrated building materials, products and innovative end-to-end solutions which can be found throughout the built environment in a wide range of construction projects from major public infrastructure to homes and commercial buildings. A Fortune 500 company, CRH is a constituent member of the FTSE 100 Index, the EURO STOXX 50 Index, the ISEQ 20 and the Dow Jones Sustainability Index (DJSI) Europe. CRH is ranked among sector leaders by Environmental, Social and Governance (ESG) rating agencies.

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CONSTRUCTION

UCS Secures Multi-Million Cash Advance for West Coast Construction Company

West Coast Construction | November 28, 2022

United Capital Source helped secure one merchant cash advance totaling $9 million for a west coast construction company. The 32-year-old company will use the funds for a government contract it was awarded for the renovation of two city schools. After receiving the award for the construction contract, the company came to UCS looking for a subordinated line to its current lender. UCS, an online marketplace, worked quickly with the company’s lender and the funder’s legal teams on the language needed in the subordination agreement. The total time to fund the advance was four and a half days. UCS helped to structure the exact deal required within the timeframe necessary so the company could take advantage of the opportunity they had despite this being unconventional funding. The construction company received an immediate cash advance of $6 million, with another $3 million becoming available in twenty days when the second part of their project starts. The merchant cash advance structure is an estimated 12-month deal that includes aggressive prepayment options from three to six months. “This is another example of how our marketplace works. We have partnered with best-in-class lenders and funders who can operate quickly and efficiently across multiple products offering the best rates and terms available. Danielle handled most of the deal, and she worked for 4 days straight assisting the legal teams and working back and forth between all parties getting the deal to the finish line in time for the clients.” -Jared Weitz UCS. The structure of the loan is intended to serve as bridge financing, and that’s exactly how the construction company will use it. UCS VP of Sales Danielle Rivelli handled the deal from start to finish. Danielle’s dedicated service and unique financing structure highlighted UCS’s ability to find business financing options that work for their clients. The construction company acquired the funds to take advantage of the government contract opportunity. United Capital Source, Inc: Is a lending marketplace geared towards driving small business growth. .

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ENGINEERING TECH

GlobalLogic Acquires Fortech, a Leading Digital Engineering Company Based in Romania

GlobalLogic | November 21, 2022

GlobalLogic Inc., a Hitachi Group company and Digital Engineering leader, announced that it has signed a definitive agreement to acquire Fortech, a leading software engineering services company based in Romania. Headquartered in Cluj-Napoca, Fortech has applied its deep technical capabilities to hundreds of clients and more than 1,000 digital projects throughout nearly two decades of operation—a track record that has ultimately positioned the company as one of Romania’s largest leading independent digital engineering firms. With 1,100+ people, Fortech operates out of four cities in Romania to support top-tier clients across a wide range of industries. These achievements and capabilities will help GlobalLogic further expand its customer and talent base, as it aims to address the robust global demand for digital transformation (DX). Additionally, Fortech’s seasoned leaders will bring valuable technical and domain experience along with strong relationships across European markets and marquee clients. “Fortech is a leading firm with proven track record and specialization in technology that is needed for digital evolution, This acquisition will further enhance GlobalLogic’s presence in Europe, and accelerate our access to the rich technical talent in Romania; it will arm Fortech with the resources and strong backing of GlobalLogic and Hitachi. We are excited to welcome Fortech and their talented people to the GlobalLogic family.” -Nitesh Banga, President and CEO, GlobalLogic. Founded in 2003, Fortech delivers full-spectrum digital engineering services including Architecture Design, Software Development, DevOps, Quality Assurance, and Data Analytics. The company has successfully architected, built, and maintained products for clients across numerous industries with a focused specialization in Cloud, IOT, and SaaS. Fortech holds deep domain experience in six key high growth verticals: Automotive, Banking/Finance, Healthcare, Manufacturing, Professional Services, and Technology/Media/Telecom. Fortech’s coverage of key industries and technologies is an incredible match for GlobalLogic. Fortech’s successes have led to it being recognized as one of the 2022 Best Managed Companies in Romania in the first edition of Deloitte’s Romania program. “We’re proud of our legacy, which is based on helping companies realize the power of transformative digital solutions, Joining forces with GlobalLogic, backed by Hitachi, takes our reach to a whole new level. Additionally, finding a partner that shares our cultural values with a strong emphasis on people, customers, and societal benefit is extremely gratifying.” -Calin Vaduva, CEO, Fortech. GlobalLogic’s investment in Fortech is part of a multi-year strategy designed to establish a wider European footprint while enabling it to better serve its customers worldwide from a delivery perspective. This acquisition will further enable GlobalLogic to augment Hitachi's strengths in Information Technology (IT), Operating Technology (OT), and Products, and accelerate its growth helping expand the Lumada business. About Fortech: Fortech (www.fortech.ro) is a software services company headquartered in Cluj-Napoca, Romania. It also holds engineering hubs in Oradea, Iasi, and Brasov. With a workforce of 1,100+ people, Fortech’s technical expertise spans a variety of sectors, from automotive and financial to healthcare and more. Fortech covers the end-to-end software lifecycle development to deliver the innovation, scalability, quality, and speed needed by its clients. The company’s approach to software engineering combines strong technology and process know-how, Agile delivery methods, and a blend of code quality practices and metrics refined throughout two decades of operation. Since 2003, more than two hundred brands have chosen Fortech as their software engineering partner. About GlobalLogic: GlobalLogic is a leader in digital engineering. We help brands across the globe design and build innovative products, platforms, and digital experiences for the modern world. By integrating experience design, complex engineering, and data expertise – we help our clients imagine what’s possible and accelerate their transition into tomorrow’s digital businesses. Headquartered in Silicon Valley, GlobalLogic operates design studios and engineering centers around the world, extending our deep expertise to customers in the automotive, communications, financial services, healthcare and life sciences, manufacturing, media and entertainment, semiconductor, and technology industries. GlobalLogic is a Hitachi Group Company operating under Hitachi, Ltd. (TSE: 6501), which contributes to a sustainable society with a higher quality of life by driving innovation through data and technology as the Social Innovation Business.

Read More

CONSTRUCTION

Oldcastle APG Acquires Operations of Sterling Sand and Soil Mender Products

CRH | November 25, 2022

Oldcastle APG, a CRH company, has acquired the packaging operations of Sterling Sand and the soil business of Soil Mender Products. The acquisitions of its co-packing partners enable Oldcastle APG to extend its geographic position and production capabilities in high-demand, high-growth markets to best serve its customers. With operations in South Carolina and North Carolina, Sterling Sand is a leading regional manufacturer and distributor of specialty sands for industrial, construction, recreation and other end-market uses. An established co-packer for Oldcastle APG's Techniseal business, Sterling Sand is a key partner in the bagging and distribution of its polymeric sand products for customers in the Southeast US. The acquisition of Sterling Sand's packaging operations will enable Techniseal to achieve increased production capacity and market share growth potential in southeastern markets. Soil Mender Products is a leading regional manufacturer of lawn and garden solutions that promote soil health, biodiversity and outdoor aesthetics while supporting a thriving ecosystem. Located in northwestern Texas, it operates as a co-packer for Oldcastle APG's large retail customers in the Texas market. Soil Mender's advantageous geographic position, coupled with its exceptional product offerings and industry knowledge, effectively strengthen Oldcastle APG's Lawn & Garden business in the region. "As North America's leading provider of integrated and sustainable outdoor living solutions, we are excited to welcome Sterling Sand and Soil Mender Products to the APG Family as we enhance our Techniseal and Lawn & Garden manufacturing capabilities, With increased production and growth in the Carolinas, Texas and surrounding markets, we can continue to provide end-to-end outdoor living solutions to customers across the country." -Tim Ortman, President, Oldcastle APG. About Oldcastle APG: Oldcastle APG, a CRH Company, is an international provider of outdoor living and building materials, with industry-leading positions in hardscapes, concrete masonry, fencing and railing, bagged dry mixes, lawn and garden, pool finishes and composite decking. Oldcastle APG's signature brand portfolio includes Belgard, Echelon, Barrette Outdoor Living, Sakrete, Pebble Technology International and MoistureShield. About CRH: CRH is the leading building materials business in the world, employing c.73,000 people at c.3,200 operating locations in 29 countries. It is the largest building materials business in North America and in Europe and also has regional positions in Asia. CRH manufactures and supplies a range of integrated building materials, products and innovative end-to-end solutions which can be found throughout the built environment in a wide range of construction projects from major public infrastructure to homes and commercial buildings. A Fortune 500 company, CRH is a constituent member of the FTSE 100 Index, the EURO STOXX 50 Index, the ISEQ 20 and the Dow Jones Sustainability Index (DJSI) Europe. CRH is ranked among sector leaders by Environmental, Social and Governance (ESG) rating agencies.

Read More

CONSTRUCTION

UCS Secures Multi-Million Cash Advance for West Coast Construction Company

West Coast Construction | November 28, 2022

United Capital Source helped secure one merchant cash advance totaling $9 million for a west coast construction company. The 32-year-old company will use the funds for a government contract it was awarded for the renovation of two city schools. After receiving the award for the construction contract, the company came to UCS looking for a subordinated line to its current lender. UCS, an online marketplace, worked quickly with the company’s lender and the funder’s legal teams on the language needed in the subordination agreement. The total time to fund the advance was four and a half days. UCS helped to structure the exact deal required within the timeframe necessary so the company could take advantage of the opportunity they had despite this being unconventional funding. The construction company received an immediate cash advance of $6 million, with another $3 million becoming available in twenty days when the second part of their project starts. The merchant cash advance structure is an estimated 12-month deal that includes aggressive prepayment options from three to six months. “This is another example of how our marketplace works. We have partnered with best-in-class lenders and funders who can operate quickly and efficiently across multiple products offering the best rates and terms available. Danielle handled most of the deal, and she worked for 4 days straight assisting the legal teams and working back and forth between all parties getting the deal to the finish line in time for the clients.” -Jared Weitz UCS. The structure of the loan is intended to serve as bridge financing, and that’s exactly how the construction company will use it. UCS VP of Sales Danielle Rivelli handled the deal from start to finish. Danielle’s dedicated service and unique financing structure highlighted UCS’s ability to find business financing options that work for their clients. The construction company acquired the funds to take advantage of the government contract opportunity. United Capital Source, Inc: Is a lending marketplace geared towards driving small business growth. .

Read More

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