Are Robots About To Enter The Healthcare Workforce?

Forbes | January 07, 2019

Technology in healthcare is perhaps at its most valuable in areas where skills shortages are at their strongest. Nowhere is this perhaps more so than in social care, so it's interesting to read the latest research briefing from the Parliamentary Office of Science and Technology (POST), which looks at the use of robotic technology in social care. The report suggests that whilst the need for support in the sector is considerable, it remains far from certain whether robots can play a leading role in plugging that gap.
"Many of the robots and robotic devices developed for social care appear to still be at the conceptual or design phase," the authors say. "A key question is whether robots and robotic technology can integrate into existing social care environments, and with current technology, or replace them altogether."

Spotlight

Wondering about the salary potential for Chartered Financial Risk Engineers? Your earning potential in the field of financial risk engineering or quantitative finance will be determined by a number of factors including some good fortune! Nonetheless, if you launch your career journey with the desk-ready skills and practical knowledge that the CFRE affords, you will increase the odds an of a highly rewarding career.

Spotlight

Wondering about the salary potential for Chartered Financial Risk Engineers? Your earning potential in the field of financial risk engineering or quantitative finance will be determined by a number of factors including some good fortune! Nonetheless, if you launch your career journey with the desk-ready skills and practical knowledge that the CFRE affords, you will increase the odds an of a highly rewarding career.

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ENGINEERING TECH,CONSTRUCTION

Saulsbury Industries Expands, Opening an Engineering and Operations Hub in Houston, Texas

Saulsbury Industries | August 05, 2022

Saulsbury Industries, a full-service engineering, procurement, and construction (EPC) company, recently opened an engineering and operations hub in Houston, Texas. This location will support multiple Saulsbury business lines, including oil and gas, tanks/terminals, hydrocarbon processing, refining, renewables, and chemicals. Saulsbury, with over 55 years of experience, is a trusted provider of full EPC and construction-only solutions, as well as service offerings for stand-alone E&I and field services work. "We are very excited to be opening our Houston office, This decision reflects our commitment to both the city and the broader Gulf Coast region. Our Houston office will enhance our ability to reach new clients as well as employees as Saulsbury continues to expand our engineering and operations across a broad spectrum of industries." -Chat York, Saulsbury's President and Chief Executive Officer. Saulsbury will also offer supporting services for front-end engineering, AFE estimating and scoping support, as well as general maintenance and facility upgrade services. The company will use this location to expand its repeat-business model with clients through hands-on leadership, successful project results, and an industry-leading safety program. "This is the next step in our build-out plan for the Gulf Coast region, Our client base has significantly expanded in the area, and we are looking forward to continued growth as we expand the Saulsbury footprint. Houston has long been a tremendous recruiting ground, with a deep base of skilled engineers, technical experts, and experienced construction talent. Saulsbury is looking forward to establishing an even stronger presence in the Houston area, working with our clients to execute projects safely and at the highest level." -Jimmy Matthews, Saulsbury's Chief Operating Officer. About Saulsbury Industries: Saulsbury Industries is a full-service engineering, procurement, fabrication, and construction company that specializes in building the infrastructure necessary to fuel the future. Saulsbury serves its clients in heavy industrial and renewables markets by designing and building safe, well executed, capital-efficient projects nationwide. Headquartered in Odessa, Texas, the company's national office footprint includes Houston, Port Arthur, Henderson, Abilene, Pecos, and Corpus Christi, TX; Carlsbad, NM; Tulsa, OK; and Bismarck, ND.

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PRODUCTS,MATERIALS,CONSTRUCTION

Clayton, Dubilier & Rice Completes Acquisition of Cornerstone Building Brands

Cornerstone Building Brands | July 28, 2022

Cornerstone Building Brands, Inc. (“Cornerstone Building Brands” or the “Company”), the largest manufacturer of exterior building products in North America, today announced that Clayton, Dubilier & Rice (“CD&R”) has successfully completed the acquisition of Cornerstone Building Brands. Holders of a majority of the shares of Cornerstone Building Brands common stock not owned by CD&R and its affiliates voted to approve the acquisition at the Special Meeting of Stockholders held on June 24, 2022. The acquisition also received the approval of the holders of a majority of the shares of Cornerstone Building Brands common stock outstanding at the Special Meeting. With the completion of the acquisition, Cornerstone Building Brands’ common stock has ceased trading and will no longer be listed on the New York Stock Exchange. “The closing of this transaction is an important milestone for Cornerstone Building Brands, and we are pleased to be entering our next phase of growth as a private company, With CD&R’s operational and strategic support, Cornerstone Building Brands will be even better positioned to accelerate our future growth plans and advance our journey to be the premier exterior building solutions company and deliver enhanced value to our customers. I want to thank all Cornerstone Building Brands employees for their continued dedication and hard work. This transaction is a testament to our team’s unwavering commitment to our customers and focus on executing our strategy. I am excited about the opportunities ahead for Cornerstone Building Brands, and I look forward to continuing our work together as we drive value for all stakeholders.” -Jeffrey S. Lee, Executive Vice President and Chief Financial Officer of Cornerstone Building Brands. J.L. Zrebiec, Partner at CD&R, said, We have long admired Cornerstone Building Brands’ business and talented team, and we are thrilled to work even more closely with its leadership team and employees in this next chapter. We firmly believe that the Company is uniquely positioned to expand on its position as the largest manufacturer of exterior building products in North America, and we look forward to working together to build on the significant momentum underway. Centerview Partners LLC is serving as financial advisor and Wachtell, Lipton, Rosen & Katz is serving as legal advisor to a special committee of Cornerstone Building Brands’ independent directors. Sullivan & Cromwell LLP is serving as legal counsel to Cornerstone Building Brands. UBS, Barclays, BNP Paribas Securities Corp., Goldman Sachs, Jefferies, Natixis, New York Branch, RBC Capital Markets, and Societe Generale are providing financial advisory services to CD&R. Kirkland & Ellis LLP is serving as legal counsel to CD&R on the transaction and Debevoise & Plimpton LLP is serving as legal counsel to CD&R on the financing. CD&R has obtained committed financing from Deutsche Bank Securities Inc., UBS Investment Bank, Barclays, BNP Paribas, RBC Capital Markets, Societe Generale, Goldman Sachs, Natixis, New York Branch, Jefferies, Apollo, Blackstone Credit, and U.S. Bank. About Cornerstone Building Brands, Inc: Cornerstone Building Brands is the largest manufacturer of exterior building products by sales for residential and low-rise non-residential buildings in North America. Headquartered in Cary, N.C., we serve residential and commercial customers across the new construction and repair and remodel markets. Our market-leading portfolio of products spans vinyl windows, vinyl siding, stone veneer, metal roofing, metal wall systems and metal accessories. Cornerstone Building Brands’ broad, multichannel distribution platform and expansive national footprint includes more than 20,000 employees at manufacturing, distribution and office locations throughout North America. Corporate stewardship and environmental, social and governance (ESG) responsibility are embedded in our culture. We are committed to contributing positively to the communities where we live, work and play. About Clayton, Dubilier & Rice: Clayton, Dubilier & Rice is a private investment firm with a strategy predicated on building stronger, more profitable businesses. Since its inception, CD&R has managed the investment of more than $40 billion in over 100 companies with an aggregate transaction value of over $175 billion.

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DESIGN,ENGINEERING TECH,CONSTRUCTION

NV5 Acquires KMK Technologies, Strengthens Building Technology Solutions

NV5 | September 17, 2022

NV5 Global, Inc. (the “Company” or “NV5”) (Nasdaq: NVEE), a provider of technology, conformity assessment, and consulting solutions, announced today that it has acquired KMK Technologies, LLC. (KMK), a provider of technology design and consulting services. KMK serves public and private sector clients that require advanced audiovisual, lighting, security, and IT systems for their facilities. The acquisition was made with a combination of cash and stock and will be immediately accretive to NV5’s earnings. KMK has designed the building technology infrastructure for numerous high-profile projects, and we look forward to integrating these capabilities into our Buildings and Clean Energy business. NV5’s ability to deliver both MEP and technology design provides a competitive advantage on projects requiring integrated technical capabilities, and the acquisition of KMK strengthens NV5’s position as a leader in building systems design and consulting, said Dickerson Wright, PE, Chairman & CEO of NV5. “We are pleased to welcome KMK to the NV5 team as it strengthens our technology design and consulting capabilities.” -Ben Heraud, COO of Buildings and Clean Energy Solutions at NV5. About KMK Technologies: Headquartered in Monroeville, NJ, KMK engineers serve facility owners and architects through world-class technology consulting and specialize in the design of audiovisual, security, Lighting, and IT infrastructure. About NV5: NV5 Global, Inc. (NASDAQ: NVEE) is a provider of technology, conformity assessment, and consulting solutions for public and private sector clients supporting sustainable infrastructure, utility, and building assets and systems. The Company focuses on multiple verticals: testing, inspection & consulting, infrastructure engineering, utility services, buildings & program management, environmental health sciences, and geospatial technology services to deliver innovative, sustainable solutions to complex issues and improve lives in our communities. NV5 operates out of more than 100 offices nationwide and abroad.

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