Industrial machinery
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We include updates on Siemens, Hitachi, ABB, Midea Group, Schaeffler Group, KUKA, Machine tool, Vanderlande, MAN Energy Solutions, Belt dryer, Coordinate-measuring machine, Trumpf, KraussMaffei, Andritz AG, Kobe Steel, Alcoa 50,000 ton forging press ... and more.
| 2024 | Slight revenue decrease to €75.9 billion, but net income further increased to €9.0 billion, with employee count growing to 327,000 |
| 2024 | Introduced KUKA's next generation of robots at Modex 2024. |
| June 2024 | Hitachi became the fourth largest company in Japan by market capitalisation, reflecting significant improvement in profitability since 2010. |
| May 2024 | ABB agreed to acquire the wiring accessories business of Siemens in China, gaining access to a distribution network across 230 cities. |
| March 2024 | Siemens announced the creation of a new £100m digital engineering facility in Wiltshire, UK, aimed at replacing its existing rail infrastructure factory in Chippenham with a new research and development centre, expected to open by 2026. |
| January 2024 | The United States House Committee on Homeland Security and the House Select Committee on Strategic Competition with China announced an investigation into ABB regarding equipment sold to Chinese state-owned crane manufacturer ZPMC. |
| January 2024 | ABB acquired Real Tech, a Canadian company specializing in optical sensor technology for water monitoring, and also acquired R&D Engineering Firm Meshmind to expand AI and software capabilities. |
| 2023 | Siemens invested €6.1 billion in research and development, with approximately 46,900 employees dedicated to R&D and holding around 43,600 patents worldwide. |
| 2023 | CEO Roland Busch announced the strategic aim to raise software businesses sales share to 20% in the long term. |
| 2023 | Siemens announced a partnership with Nvidia to leverage Nvidia's Omniverse platform with Siemens' 3D design capabilities. |
| 2023 | Reported a revenue of €77.7 billion, marking an 8% increase from the previous fiscal cycle. |
| 2023 | Hitachi Metals was renamed following the complete divestment by Hitachi. |
| December 2023 | Siemens shares traded at over US$93 per share, with a market capitalization of US$147 billion. Identified by Ernst & Young as one of only two German companies in the top 100 most valuable companies worldwide. |
| November 1 2023 | Hitachi spins off Hitachi Vantara LLC's digital solutions business into a new company called Hitachi Digital Services, with Hitachi Vantara now focusing on storage and hybrid cloud-centric data infrastructure services. |
| September 2023 | ABB announced a partnership with the Well Done Foundation to monitor methane and greenhouse gas emissions from orphaned wells in the United States. |
| September 2023 | ABB Motion acquired a minority stake in WindESCo, a Burlington-headquartered wind turbine analytics software company, expanding its digital powertrain solutions portfolio. |
| June 2023 | Siemens launched 'Siemens Xcelerator', an open digital platform housing IoT-enabled hardware, software, and digital services from Siemens and third parties, targeting businesses including small and medium-sized enterprises. |
| June 2023 | ABB agreed to acquire Eve Systems, a smart home automation provider. |
| 2022 | Revenue growth to €71.9 billion, though net income decreased to €3.7 billion, with employee count increasing to 311,000 |
| December 2022 | ABB opened a new 67,000 square metre robotics factory in Shanghai after investing $150 million. |
| December 2022 | Hitachi confirmed the acquisition of the remaining 19.9% of the Power Grids business from ABB. |
| December 2022 | ABB was charged by the U.S. Securities and Exchange Commission (SEC) for Foreign Corrupt Practices Act (FCPA) violations in South Africa, ordered to pay $460 million to settle criminal and civil charges. |
| December 2022 | Hitachi completed the acquisition of the remaining 19.9% of ABB's power grid business, fully integrating the power grid operations and becoming a major supplier of high-voltage direct current transmission systems. |
| August 2022 | Hitachi sold half of its shares in Hitachi Construction Machinery to HCIJ Holdings, a joint venture between Itochu and Japan Industrial Partners, reducing its ownership from 51% to 25.4%. |
| May 2022 | Siemens decided to cease its operations in Russia after 170 years due to the war in Ukraine, affecting approximately 3,000 employees and resulting in a second-quarter loss of US$625 million. |
| 2021 | Gradual recovery with revenue increasing to €62.2 billion and net income rising to €6.1 billion, with workforce stabilizing at 295,000 employees |
| 2021 | Siemens Healthineers acquired Varian Medical Systems, an American company specializing in cancer care technologies. |
| 2021 | Hitachi sold all of its shares in Hitachi Metals, marking the end of its ownership of the subsidiary that supplied materials for aerospace, automotive, and electronics industries. |
| 2021 | Hitachi acquires GlobalLogic, a digital services company, for US$9.6 billion to strengthen its software development capabilities and support its Lumada strategy. |
| December 2021 | OPG selected GE-Hitachi to construct two BWRX-300 reactors at the Darlington site in Ontario, Canada, with plans to enter operation in 2028. |
| October 2021 | The former ABB Power Grids division, now owned by Hitachi, was rebranded as Hitachi Energy. |
| October 2021 | Hitachi-ABB Power Grids was rebranded as HitachiEnergy. |
| July 2021 | ABB confirmed the sale of its mechanical power transmission business, Dodge, to RBC Bearings Incorporated for $2.9 billion. |
| June 2021 | ABB announced its involvement in constructing the first permanent electric road capable of powering private vehicles, trucks, and buses. |
| February 2021 | Roland Busch replaced Joe Kaeser as CEO of Siemens. |
| 2020 | Siemens Energy is spun off from the main corporation. |
| 2020 | Significant impact from global events, with revenue dropping to €57.1 billion, net income reducing to €4.0 billion, and workforce shrinking to 293,000 employees |
| December 2020 | Hitachi sold a 60% stake in its overseas home appliance business to Turkish company Arcelik for US$300 million. |
| November 2020 | Hitachi announced plans to detach Hitachi Metals and Hitachi Construction Machinery from the group as part of a restructuring strategy. |
| September 2020 | Hitachi Capital agreed to be acquired by Mitsubishi UFJ Lease, its second-largest shareholder and former business rival. |
| September 2020 | Hitachi abandoned plans to create nuclear power plants in Gloucestershire and Wales due to funding issues caused by COVID-19 pandemic impact. |
| July 2020 | Hitachi officially acquired 80.1% of ABB's Power Grids business. |
| July 2020 | Hitachi acquired 80.1% of ABB's power grid business for 740 billion yen (US$68.5 billion), marking a significant expansion in the green energy and mobility sector. |
| March 2020 | Björn Rosengren officially became CEO of ABB. |
| March 2020 | ABB announced the sale of its solar inverter business to Italian manufacturer Fimer, including manufacturing and R&D sites in Finland, Italy, and India, involving 800 employees across 26 countries. |
| March 2020 | Hitachi introduced an improved version of the L0 Series SCMaglev rolling stock, marking the first magnetically levitated train manufactured by the company. |
| 2019 | Siemens sold its stake in Primetals Technologies to Mitsubishi Heavy Industries. |
| 2019 | Company's revenue increased to €86.8 billion, with a slight decrease in net income to €5.1 billion and workforce growth to 385,000 employees |
| 2019 | The European Commission blocked a proposed merger between Alstom and Siemens Mobility, preventing the creation of a 'European champion' that would have competed with China's CRRC in the rail transportation market. |
| 2019 | Hitachi sold its medical imaging business to Fujifilm for US$1.7 billion. |
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