Author: Service in Industry Hub

TechSee , which describes itself as an “intelligent visual assistance” company, today closed a $30 million investment round. A spokesperson for the startup says the capital injection will be used to enter new markets and verticals while expanding TechSee’s product offerings and capabilities. The augmented reality market is estimated to grow from $10.7 billion in 2019 to $72.7 billion by 2024, according to a recent Markets and Markets report . At least a portion of that growth has been driven by field service applications.

U.S. buyout group Carlyle Group Inc CG.O is nearing an agreement to acquire Siemens AG’s mechanical drive arm Flender, for about for about 2 billion euros. Siemens and Carlyle are finalizing terms of the deal that could be announced as early as this week, the report said.

The global aerospace industry has endured its worst quarter ever with record low orders for new aircraft and 12,000 UK jobs already lost or at risk because of the collapse in travel caused by the coronavirus pandemic

The first 3D printed residential building in Germany , built by PERI GmbH , and designed by...

The TRUMPF Group and Munich Re Group are entering into a strategic partnership for a “pay-per-part” business model, which enables customers to use a full-service laser machine without having to buy or lease any equipment. Instead, customers pay a previously agreed price for each cut sheet metal part – in other words, they only pay for what they need

SEW Eurodrive has launched two new rapid-delivery Assemble-To-Order services for heavy-duty gear units providing delivery of industrial gear units within five working days, or as fast as just one working day in the case of emergencies.