Asia Leads in Industrial Robot Adoption. Why Do Europe and the U.S. Lag Behind?

BRINK News | April 04, 2019

Robots are key tools for boosting productivity and living standards. To date, most robot adoption has occurred in manufacturing, where robots are designed to perform a wide variety of manual tasks more efficiently and consistently than humans. But with continued innovation, robot use is spreading to many other sectors, from agriculture to logistics and hospitality.
As a result, companies around the world are adopting robots. According to the International Federation of Robotics, the global average for industrial robots per 10,000 manufacturing workers grew from 66 robots in 2015 to 85 in 2017. Korea is the world’s largest adopter, with 710 robots per 10,000 workers; the United States sits at seventh, with 200 robots.

Spotlight

DevOps is the more popular word today. If you are a DevOps engineer, then it’s your time in the global IT industry. But success in DevOps journey doesn’t come so easily. The industry needs a different ‘YOU’ with go-getter attitude and a collaborative mindset.

Spotlight

DevOps is the more popular word today. If you are a DevOps engineer, then it’s your time in the global IT industry. But success in DevOps journey doesn’t come so easily. The industry needs a different ‘YOU’ with go-getter attitude and a collaborative mindset.

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CONSTRUCTION

Shoreline Equity Partners Announces Partnership with Core Roofing

Core Roofing | November 30, 2022

Shoreline Equity Partners, LLC ("Shoreline" or the "Firm"), a purpose-driven lower middle market private equity firm, has partnered with Core Roofing Systems, LLC ("Core Roofing" or the "Company"). Headquartered in Alpharetta, GA, Core Roofing is a leading provider of commercial re-roofing, maintenance, repair, inspection, and new roofing systems across the Southeast. The Company was founded by Dusty DeVore in 2002 and has since grown to more than 180 employees with a diverse set of customers across Georgia, Florida, Alabama, Arkansas, Mississippi, North Carolina, South Carolina, and Virginia. With a 20+ year history and respected brand and reputation, Core Roofing has successfully positioned itself as one of the leading commercial roofing service providers in the Southeast. Moving forward, and in partnership with Shoreline, Core Roofing is looking to execute on an aggressive growth plan via organic initiatives and acquisitions. The new partnership with Shoreline provides the Company with both the acquisition experience and access to capital needed to partner with other leading commercial roofing businesses across the U.S. Dusty DeVore has maintained a significant ownership position in the business and will continue to lead the Company going forward. "Dusty and the entire team have done an outstanding job of growing Core Roofing into a clear market leader over the last 20 years. The Company has built an exceptional brand and reputation as the go-to commercial roofing service provider for its customers and suppliers. It was clear from our first conversation with Dusty that Core Roofing would be a great fit for Shoreline due to the quality of the business and its people. We are grateful to partner with Dusty and the team to continue building a leading commercial roofing platform across the Southeast and nationally." -Mike Hand , Managing Partner at Shoreline. Zach Mittelmark , Principal at Shoreline, said, Upon meeting with Dusty and the broader Core Roofing team, we immediately knew we had found the right platform to partner with in the commercial roofing space. Core Roofing has built an incredibly unique and difficult-to-replicate maintenance and repair service offering which allows them to provide superior customer service throughout the full lifecycle of every commercial roof. We are beyond excited to help Core Roofing embark on an ambitious add-on acquisition story with the goal of becoming one of the largest commercial re-roofing companies in the US over the years to come. "We could not be more thrilled to partner with Shoreline. It was incredibly important that we found a partner that aligned with our values. Core Roofing was built on the strength of the relationships with our customers, suppliers, employees, and the community at large, and Shoreline shares our belief in the importance of consistently delivering for those key constituents. We are excited to accelerate our growth both organically and through acquisitions in partnership with the Shoreline team while ensuring that we maintain our high standards for work quality, customer service, and relationships for which Core Roofing is known." -Dusty DeVore , Founder and CEO of Core Roofing. The transaction for Shoreline was led by Mike Hand, Managing Partner; Zach Mittelmark, Principal; Mike Mancini, Senior Associate; Pete Bouret, Senior Associate; and Mike Dolak, Associate. Harvey & Company served as an advisor to Shoreline, while South State Bank provided the financing for the transaction . About Core Roofing: Founded in 2002 and headquartered in Alpharetta, GA, Core Roofing is a leading provider of commercial roofing solutions including re-roofing, maintenance, repair, inspection, and new roofing systems. With over 180 employees and offices in Georgia and Florida, Core serves a diversified customer base across the Southeast, including commercial and industrial property owners, property management companies, REITs, and municipalities, among others. About Shoreline: Shoreline is a lower middle market private equity firm focused on actively partnering with leading management teams. Shoreline follows a total stakeholder model, meaning success should be a "win-win" proposition for shareholders, employees, customers, vendors, and the communities within which the Firm's companies operate. Shoreline professionals believe in honesty, incentive alignment, and creating bigger, better businesses without relying on financial engineering or cost cutting to generate returns. Investing out of the Firm's inaugural $300 million fund, Shoreline seeks to lead equity investments of up to $100 million per transaction in support of buyouts, recapitalizations, and corporate divestitures. Targeted businesses have enterprise values ranging from $25 million to $250 million and EBITDA of $3 million to $25 million. The Firm strives to partner with management teams of businesses primarily within the specialized manufacturing, value-added distribution, and business and facility services sectors, among others.

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CONSTRUCTION

SLB to Acquire Gyrodata Incorporated

SLB | October 28, 2022

SLB (NYSE: SLB) today announced it has entered into an agreement to acquire Gyrodata Incorporated, a global company specializing in gyroscopic wellbore positioning and survey technology. The transaction will integrate Gyrodata’s wellbore placement and surveying technologies within SLB’s Well Construction business, bringing customers innovative drilling solutions. This combination will improve wellbore quality and reduce drilling risk to unlock even the most remote and complex reservoirs. Integrating three-axis solid state gyro measurements with the latest SLB technological innovations will help ensure tighter trajectory control, reduce data acquisition time and improve the decision-making process—resulting in greater overall drilling efficiency. “The integration of Gyrodata’s innovative sensors and proprietary technologies within SLB’s drilling and logging suites will result in the most accurate and highly optimized well placement services in the industry, This will transform drilling technology designs while advancing SLB’s autonomous, self-steering capabilities. I am excited about welcoming the Gyrodata team into SLB’s Well Construction division.” -Jesus Lamas, president, Well Construction, SLB. After more than 42 years as an independent company, we are ecstatic about becoming a part of SLB,” said Robert Trainer, president and CEO, Gyrodata. This combination will create important synergies between our technology platforms, bringing immediate and significant benefits for our customers. We look forward to accelerating the next step-change of this technology revolution as part of the world’s leading provider of technology and services to the energy industry. About SLB: SLB (NYSE: SLB) is a global technology company that drives energy innovation for a balanced planet. With a global footprint in more than 100 countries and employees representing almost twice as many nationalities, we work each day to decarbonize oil and gas and develop scalable new energy technologies to accelerate the energy transition. About Gyrodata: Gyrodata is one of the world’s leading service providers to the global energy industry with unparalleled expertise in gyroscopic surveying, wellbore placement, and wellbore characterization technologies. Gyrodata’s unique products and services enable its clients to maximize hydrocarbon recovery and optimize an asset’s lifecycle cost.

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MATERIALS, CONSTRUCTION

Hoffmann Green Signs a 3-year Cement Supply Contract With Real Estate Developer P2i

P2i | September 06, 2022

Hoffmann Green Cement Technologies (ISIN: FR0013451044, Ticker: ALHGR) (Paris:ALHGR) (“Hoffmann Green Cement” or the “Company”), an industrial player committed to decarbonizing the construction sector that designs and distributes innovative clinker-free cement, announces that it has signed a 3-year contract including volume commitments with real estate developer P2i. P2i, an independent real estate developer founded in 1994, has already delivered more than 3,000 homes and 32,000 sq. of commercial property. The Company is today making a very real commitment to reducing the construction sector’s environmental impact. From 2022 and for the next three years, Hoffmann Green will supply its H-UKR and H-IONA clinker-free decarbonized cements for the purpose of constructing collective and individual homes, offices and business premises in the Grand Ouest region of France. “We are delighted to have signed this contract with P2i that allows us to continue our solid commercial momentum. This deal illustrates the interest shown by this sector’s professionals in our decarbonized solutions and the growing awareness among real estate developers of the need for a more environmentally friendly construction process. This is the fourth real estate developer with which Hoffmann will collaborate, fueling the Company’s growth”. -Julien BLANCHARD and David HOFFMANN, co-founders of Hoffmann Green Cement Technologies. Gilles MADRE, President of P2i, added: Aware of our activity’s environmental, social and societal challenges, we are continually striving, in close collaboration with local authorities, to find new solutions that will make towns more sustainable, more virtuous and more ethical. The signing of this commercial partnership regarding the use of Hoffmann Green cement through 2025 reflects this desire to combine construction, sustainability and innovation for the benefit of our clients. ABOUT HOFFMANN GREEN CEMENT TECHNOLOGIES: Founded in 2014 and based in Bournezeau (Vendée, Western France), Hoffmann Green Cement Technologies designs, produces and distributes innovative extremely low-carbon cements – with a carbon footprint 6 times lower than traditional cement – that present, at equivalent dosage and with no alteration to the concrete manufacturing process, superior performances than traditional cement. With one 4.0 industrial sites already operational and two new sites on the way, the Group has industrialized a genuine technological breakthrough based on alterations to cement’s composition and the creation of a clean, heating-free and clinker-free manufacturing process making it a leading and unique player on a cement market that has not undergone any significant changes in the last 200 years. Within the context of the climate emergency, Hoffmann Green Cement is thus actively participating in the energy transition by working to create eco-responsible buildings and by encouraging the circular economy and the preservation of natural resources. Thanks to its unrivaled technological know-how that is constantly improving, driven by effective and cutting-edge teams, Hoffmann Green Cement Technologies addresses all construction sector markets, both in France and abroad. ABOUT P2i: P2i: a unique vision of real estate development and investment, to build tomorrow’s real estate together. Based in Angers, northwestern France, P2i covers the Grand-Ouest region, from Toulouse to Paris and the Rhône-Alpes-Auvergne region, and has 95 staff and 13 offices firmly rooted in their communities. A genuine partner for towns and cities, P2i breaks with traditional codes and develops a unique approach to real estate professions, in order to closely adapt to each site’s specificities. Collective housing, individual homes, building land, serviced accommodation, offices, business premises, urban planning, industrial sites, rehabilitation of unique buildings, hotels and land: with each of its projects, P2i provides a solution tailored to the real estate need.

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