In accordance with the decision of the Annual General Meeting on 26 March 2025, the name of the company will be changed from Cargotec Corporation to Hiab Corporation as of 1 April 2025. An IFRS 8 evaluation was made for the new standalone Hiab company and based on the evaluation and as previously announced on 7 January 2025, Hiab has as of 1 January 2025 two reporting segments.
Siemens announced that it has completed the acquisition of Altair Engineering Inc., a leading provider of software in the industrial simulation and analysis market, for an enterprise value of approximately USD 10 billion. With this acquisition, Siemens extends its leadership in simulation and industrial artificial intelligence.
Electrical and automation supplier Schneider Electric said Tuesday that it expects to spend more than $700 million across its U.S. operations in the coming years — the largest single capital expenditure in the company’s history.
Dentsply Sirona announced that David Ferguson has been appointed Senior Vice President, Global Business Unit Leader, effective March 14, 2025. In this role he will lead the global business unit teams managing the dental product portfolio, serve as a member of the Executive Management Team and report directly to Chief Executive Officer Simon Campion.
Lynx FacTOR automates end-to-end product release evaluations, minimizing manual processes and safely accelerating product movement in the cold chain. The name FacTOR represents the critical impact of ‘time out of range’ in supporting product quality and patient safety.
