CONSTRUCTION
Hexagon | September 02, 2022
Hexagon AB, a global leader in digital reality solutions combining sensor, software and autonomous technologies, today announced the acquisition of iConstruct Pty Ltd, a provider of award-winning Building Information Modelling (BIM) software used in commercial, infrastructure and industrial construction.
Its flagship solution, iConstruct Pro, is a proven construction automation tool with hundreds of global customers that have relied on its benefits for years. It enables integration, accessibility and control of the wealth of design and construction information held within different BIM models, combining all data into a single 3D model. Different stakeholders can filter and tailor the model to suit their specific needs, providing a fully-integrated and efficient approach to construction planning and execution.
"Hexagon has long been focused on creating smart digital realities that put data to work in new ways. By blurring the lines between the digital and physical worlds, we can offer customers a complete line of sight to ever-changing situations, Not only does iConstruct add an easy-to-deploy solution for combining different design models into a single source but it also enables the reading, writing and exchange of information all the way through operations and maintenance, passing the value of the single 3D model from design and construction to facilities management, The addition of iConstruct's offerings and expertise opens up immediate opportunities for our Asset Lifecycle Intelligence and Geosystems divisions. With iConstruct both can deliver greater data management, project planning and communication efficiencies to more customers, segments and disciplines involved in the construction process, In addition, iConstruct's customer base will benefit from richer content and improved work processes when combining Hexagon's industry-leading construction automation solutions with iConstruct's tools."
-Ola Rollén President and CEO, Hexagon.
Founded in 2009 with headquarters in Perth, Australia, iConstruct will operate as part of Hexagon's Asset Lifecycle Intelligence division. The acquisition has no significant impact on Hexagon's earnings.
Read More
ENGINEERING TECH, CONSTRUCTION
Vita Inclinata | October 11, 2022
Vita Industrial has announced a Strategic Business Combination with NIT Alaska, furthering its mission of becoming a leading provider of technology, servicing, and training for the lifting industry.
As the state’s leading resource for vocational training, NIT Alaska’s strong focus on the construction industry will aid Vita in promoting the effective use of its lifting system as a key means of preventing injuries and saving lives on jobsites, in addition to providing means to upskill and reskill operators through education and training services.
“We are proud to pair our training services with such a forward-thinking company, Vita Industrial’s ambition of eliminating taglines to create a safer lifting environment will require an emphasis on training and re-education. We look forward to expanding our training services to meet their mission.”
-Joey Crum, CEO, NIT Alaska.
Vita’s vision with this Strategic Business Combination is focused on three main phases: online training and certification, live training and certification, and the development of new training and additional continuing education courses for the industry. Online courses will cover practical rigging, signaling, data record management, and OSHA certifications. Live and in-person Rigger and Crane certification training will be offered from Alaska and a crane yard close to Vita’s headquarters in Broomfield, Colorado. Future class offerings will focus on emerging technologies, including telematics, IoT, predictive maintenance, and Building Information Modeling (BIM). Recertifications will be Vita-controlled, with current and future customers associating the Vita name with education in addition to innovation.
“Our mission is to be recognized as a comprehensive lifting partner. Providing the finest instruction from one of the most respected training locations in the country is another big step towards that goal, This combination will enable Vita to train the future of crane operators and riggers within the United States.”
-Caleb Carr, Chairman and CEO of Vita Inclinata.
With this Strategic Business Combination, Vita Industrial is now spearheading the industrial modernization of the lifting industry, providing a complete construction training program to previous, current, and future customers. As the crane industry continues to grow and put new technologies to use, Vita is committed to providing crane operators with the proper training to match new capabilities, retain their workforce, and achieve operational excellence.
About Vita Inclinata:
A friend’s death during a rescue operation—with a helicopter close but unable to stabilize due to weather and terrain—was the genesis of Vita Inclinata. Founded in 2015 as a way to solve a real problem, Vita today controls chaotic swinging and spin and adds safety and precision for rotor-wing and fixed-wing aircraft and cranes. With the mission of “Bring them home, every time,” Vita’s technology changes the narrative while saving lives, time, and money across industries, including search and rescue, military, firefighting, public safety, construction, wind energy, and oil and gas. The company is headquartered in Broomfield, Colorado, with offices in Washington, DC, and Huntsville, Alabama.
Read More
ENGINEERING TECH
Benchmark | October 10, 2022
Benchmark Electronics, Inc. (NYSE: BHE), a global provider of engineering, design, and manufacturing services, today announced it is partnering with Yield Engineering Systems (YES) to transfer the manufacturing of the YES flagship product line to its facility in Malaysia, as well as providing engineering and manufacturing support for YES's upcoming innovative modular wet process systems in the Phoenix, Arizona area.
"We have developed a strong partnership with Benchmark built on trust and our combined expertise, We look forward to working closely with the team to bring our technology to a wider market, and to further expanding our footprint in the semiconductor capital equipment industry as the need for semiconductor manufacturing support continues to grow worldwide."
-Ramakanth Alapati, Chief Executive Officer of YES.
YES is at the leading edge of material modification and surface enhancement solutions. The company's patented technologies significantly enhance the speed, reliability, and cost-effectiveness of semiconductor production processes. YES's thermal, deposition, and wet process systems provide critical technology to semiconductor, life science, and display manufacturers large and small as they work to meet the demand for semiconductors, genomics, point of care diagnostics, and innovative displays.
Benchmark's Phoenix operation will be leveraging the company's deep expertise in the semiconductor capital equipment market, including mechatronic engineering, precision machining, and sub-system assembly. The partnership comes at a critical time as the CHIPS Act has created a flurry of activity around the semiconductor industry and demand for organizations supporting the industry has risen dramatically.
"YES is helping solve critical problems for their customers in the fast-growing semiconductor manufacturing industry, We're proud to be selected as their strategic partner and look forward to working hand-in-hand with their team to help bring their technology to market to meet the demand for semiconductor capital equipment."
-Jeff Benck, president and CEO, Benchmark.
About Benchmark Electronics, Inc:
Benchmark provides comprehensive solutions across the entire product life cycle; leading through its innovative technology and engineering design services; leveraging its optimized global supply chain; and delivering world-class manufacturing services in the following industries: commercial aerospace, defense, advanced computing, next-generation telecommunications, medical, complex industrials, and semiconductor capital equipment. Benchmark's global operations include facilities in seven countries and its common shares trade on the New York Stock Exchange under the symbol BHE.
About Yield Engineering Systems, Inc:
Yield Engineering Systems, Inc. (YES) is a preferred provider of high-tech, cost-effective equipment for enhancing surfaces and materials. The company's product lines include thermal processing systems, chemical vapor deposition (CVD) systems, and wet process equipment used for the precise surface modification of semiconductor substrates, semiconductor and MEMS devices, LED displays, and bio-devices. Customers ranging from startups to Fortune 100 companies rely on YES systems to create and volume-produce innovative products in a wide range of markets. YES is headquartered in Fremont, California, with a growing global presence.
Read More