Cyient | September 29, 2021
Strengthening its Design-Led Manufacturing capabilities, Cyient, a global engineering, manufacturing, and digital technology solutions company has installed a new SLM®280 system following international support from SLM Solutions. It is integrated into the company's first metal additive manufacturing facility in Jupiter, Florida. With over 100+ specialized engineers in design optimization for additive manufacturing, Cyient looks to further enhance its rapid development capabilities critical for digital manufacturing solutions.
"Cyient has successfully designed and manufactured metal additive components for some of its key customers—including the delivery of tooling components for a large aircraft engine manufacturer. Embracing digital transformation with additive manufacturing will allow faster innovation, design, and manufacture of more complex metal parts with quick turnaround time, new business models, and competitive advantage. The new SLM®280 enables us to offer manufactured components directly to our customers in aerospace, defense, medical, and energy. This is a key milestone on our road to becoming an end-to-end additive manufacturing solutions provider."
-Rajendra Velagapudi, SVP, and Global Operation Head – Design Led Manufacturing, Cyient,
Commenting on the partnership, Sam O'Leary, CEO, SLM Solutions, said, "SLM Solutions and Cyient share synergies across geographies and industries, which will allow us to take a global approach in supporting their growth. SLM Solutions has established expertise and customer base across aerospace, defense, medical, oil and gas, and energy, which are also critical sectors for Cyient. We actively consult and support from our Indian and US offices as Cyient integrates into strategic manufacturing supply chains worldwide. We are thrilled to work together as it grows its product offerings with selective laser melting."
The SLM 280 selective laser melting system offers 80% higher build rates than competitive offerings. This is accomplished with high-energy, multi-laser optics, bi-directional powder re-coating, and a 25% larger build platform that ensures consistent and repeatable part quality and best-in-class productivity. The SLM®280 is nicknamed The Dual-laser Trailblazer due to its leading place in the additive industry and the value it offers for a wide range of applications and industries.
About SLM Solutions
SLM Solutions' robust selective laser melting metal additive manufacturing systems optimize fast, reliable, and cost-efficient production for complex, completely dense metal parts. The company focuses on long-term success, providing support and knowledge-sharing to elevate customer production. A publicly traded company, SLM Solutions Group AG is headquartered in Germany with offices worldwide.
Cyient is a leading global engineering, manufacturing, and digital technology solutions company. We are a Design, Build, and Maintain partner for leading organizations worldwide. We enable our customers across industries to apply technologies imaginatively to solve problems that matter and stay ahead of the curve. We are committed to designing tomorrow together with our stakeholders and being a culturally inclusive, socially responsible, and environmentally sustainable organization.
North American Construction Group Ltd. | June 10, 2021
North American Construction Group Ltd. announced today that it has entered into a definitive agreement to acquire DGI Trading Pty Limited (“DGI”) for an estimated $23.5 million.
DGI, situated in Kempsey, New South Wales, Australia, supplies vital components to the mining sector via commercial partnerships and a complex logistical network. DGI maintains a network of suppliers and partner facilities in over ten significant countries, allowing for flexible and cost-effective connections. DGI personnel are well-versed in all industry-standard equipment and have unrivaled knowledge in this specific field.
The acquisition represents another significant move in the Company’s attempts to vertically integrate its capital maintenance program while diversifying its service offerings. The acquisition price is based on a closing price equal to DGI’s net tangible assets and subsequent payments based on the business’s profitability over four years. The total anticipated acquisition price reflects a 3.0x EBITDA multiple over the next twelve months based on our opinion that current global demand for mining components has returned to, and will remain stable at, or perhaps surpass, pre-COVID 19 levels the next twelve months..The transaction is scheduled to close on July 1, 2021, and will be financed using existing debt facilities.
About North American Construction Group Ltd.
North American Construction Group Ltd. is a significant provider of heavy construction and mining services in Canada. NACG has been providing services to many mining and resource industries for over 65 years.
Bobcat Company | May 27, 2022
Bobcat Company ("Bobcat"), a global leader in compact equipment innovation, recently demonstrated the capabilities of its battery-powered construction equipment lineup at a series of test drives and live demonstrations in Granada Hills and Stockton, California, near Los Angeles. The Bobcat T7X all-electric compact track loader and two electric compact excavators, the E32e and E10e, were highlighted on this one-of-a-kind tour. Each of these new models is a viable option to diesel equipment for government and private fleets trying to cut carbon emissions and noise levels on the jobsite.
Leaders from the California Air Resources Board, the City of Los Angeles, the Port of Los Angeles, Stanislaus County, and other government agencies, as well as Sunbelt Rentals, Bobcat dealers, and construction firms, attended the events. Attendees were able to test drive the machines, watch live demonstrations, and speak with the inventors behind the electric-powered off-road vehicles.
“These electric, off-road construction machines are a promising step in our aim to increase access to clean off-road equipment that produces near-zero emissions in California,” Ge further added, “The commercialization of cleaner off-road technologies shown at these events are exciting examples supporting the state’s transition to a clean energy economy.”
William Robertson, Ph.D., vehicle program specialist with the Mobile Source Control Division at the California Air Resources Board
Bobcat is the first company in the compact size range to market an all-electric construction machine. Sunbelt Rentals, a leading equipment rental firm with over 1,050 locations across North America, is the first to purchase a large fleet of T7X loaders and electric compact excavators. Beginning in July, Sunbelt Rental clients in California and other parts of the United States will be able to rent these pieces of equipment.
The all-electric Bobcat T7X compact track loader is the first of its kind, with no hydraulic components, fewer pollutants, and decreased vibrations. The T7X got two 2022 CES Innovation Awards in the categories of Vehicle Intelligence & Transportation and Smart Cities after its debut at the Consumer Electronics Show (CES) in Las Vegas in January 2022. This was the first opportunity for the general public to try out the T7X since its debut at CES.
The new E32e and E10e battery-powered compact excavators have a compact footprint, silent operation, and zero emissions, and perform as well as or better than diesel-powered equipment. The electrical motors give full torque at any rpm, which allows for high productivity, smooth hydraulic control, and the ability to do more than one thing at any time without a noticeable loss of power.