DESIGN, ENGINEERING TECH, CONSTRUCTION
Daman Products Company | September 08, 2022
Helios Technologies, Inc. (NYSE: HLIO) (“Helios” or the “Company”), a global leader in highly engineered motion control and electronic controls technology for diverse end markets, has entered into a definitive agreement to acquire the assets of Daman Products Company “Daman”. Founded in 1976, Daman is headquartered in Mishawaka, Indiana and is a recognized leader in complex manifold design and manufacturing for precision hydraulic manifolds and related fluid conveyance products. Daman products are used in numerous hydraulics applications for industrial and mobile markets including applications in the oil and gas, railroad, construction, agriculture, forestry, mining, material handling, machine tool, robotics, and entertainment industries. Daman is a highly recognized brand with a quality reputation, has leading market share in the standard manifold niche market segment, as well as in custom designed integrated solutions. Sun Hydraulics, a Helios company, and Daman have collaborated for years to create solutions that address customers’ fluid power challenges.
“Adding Daman onto our pure play Hydraulics platform is a clear demonstration of the continued progress we are making with our flywheel acquisition strategy. Daman has established, long-term relationships with a diversified customer base serving multiple end markets. They bring a differentiated value proposition through sophisticated inventory programs that reduce supply chain delays and enable rapid delivery. They also leverage a strong engineering team that works closely with customers and distributors to design custom tailored solutions for a breadth of applications as well as standard manifold designs. Daman is a critical supply channel partner that provides a notable combination of high-quality products with value-added engineering, inventory management, rapid prototyping, and assembly services. With over 300 years of combined experience resident in-house, we expect this acquisition to enhance Helios’ technologies through product integration, enabling further system sale opportunities, and diversification of end markets.”
-Josef Matosevic, Helios’ President and Chief Executive Officer.
About Daman Products:
Founded in Mishawaka, IN in 1976, Daman is a leading designer and manufacturer of standard and custom precision hydraulic manifolds and other fluid conveyance products. Daman is centered on a culture of innovation with new technology and new machinery, and recognition of its highly valued employees and customers. Daman's hydraulic manifolds help power industrial and mobile equipment worldwide. Distributors throughout North America trust Daman’s proven technology and innovative design to deliver standard components, while the company has expanded its custom engineering capabilities to become a leading, single-source, full-range manifold supplier.
About Helios Technologies:
Helios Technologies is a global leader in highly engineered motion control and electronic controls technology for diverse end markets, including construction, material handling, agriculture, energy, recreational vehicles, marine, health, and wellness. Helios sells its products to customers in over 90 countries around the world. Its strategy for growth is to be the leading provider in niche markets, with premier products and solutions through innovative product development and acquisition. The Company has paid a cash dividend to its shareholders every quarter since becoming a public company in 1997.
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.
Colliers Engineering & Design | November 16, 2022
Agile Frameworks®, a leader in integrated field and lab management software for the engineering services industry, today announced Colliers Engineering & Design has selected MetaField® cloud-based software to streamline and standardize operations through automation.
Headquartered in Red Bank, New Jersey, Colliers Engineering & Design, an affiliate of Colliers International, is a national multi-discipline engineering, architectural, design and consulting firm serving public and private sectors. Following two large commercial laboratory acquisitions, they now have one of the largest construction materials lab testing operations in the country.
As they acquired new firms, Colliers Engineering & Design needed to unify their people and techniques. They experienced issues maintaining consistency and scheduling people across disparate groups; thus, they sought a way to streamline and standardize operations using a digital solution.
Colliers Engineering & Design selected Agile Framework’s MetaField solution, a field and lab data collection and reporting Software-as-a-Service (SaaS) platform, to improve their operational efficiency. After implementing MetaField, they realized an immediate tangible benefit in completing reports in real time and an increase in profitability on projects.
“What attracted us to MetaField was that it’s an engineering software solution designed by engineers, Once we realized the issues we had to resolve and what we would gain from implementing a robust cloud-based solution, the cost of the software was insignificant. I had to warn our clients and the contractors: ‘be careful, you’re going to actually get data in real-time now! The whole thing has been eye-opening for all of us. It is so much simpler to do it this way.”
-Philip Gauffreau, Discipline Leader for Geotechnical Services at Colliers Engineering & Design.
Prior to implementing MetaField, Colliers Engineering & Design had been utilizing a homegrown scheduling system and Laboratory Information Management System (LIMS) database which were unwieldy and hard to maintain. It had previously taken weeks to get reports turned around to clients, and since using MetaField they are experiencing remarkable turnaround time and more confidence in their data accuracy.
“The concept of online scheduling has been a game-changer for our customers, It saves a lot of effort on the managers’ part to understand who is available, who is going where, what credentials do they have, etc., and it’s helpful to schedule everything across departments in the same place. Colliers Engineering & Design embraces leading edge technologies, and we are proud to be their technology partner to help them achieve strategic and sustainable growth.”
-Adam Jones, Chief Customer Officer at Agile Frameworks.
“The technology adoption is happening faster than I thought, We are already seeing the benefits of automated scheduling and field reporting. Our field professionals have told me: ‘Wow, this really makes my life a lot easier.’ We are eager to recognize the full value of the platform and increase our organization’s capacity once the system is rolled out to other departments yet this calendar year.”
About Agile Frameworks:
Agile Frameworks® provides comprehensive software-as-a-service solutions that integrate corporate, field, and lab data for business process automation across architecture and engineering disciplines. We transform workflows, create high-value data, and deliver outputs you can trust, resulting in industry-leading productivity and profitability. MetaField® — our field and lab data collection and reporting platform — offers a cloud-based digital workflow to automate and connect the process from project set up and scheduling, to mobile data collection and report submission. Companies that use MetaField experience a dramatic cost benefit with a distinct competitive advantage.