Montreal-based Ficodis Group is acquiring Reliable Bearing, a company specializing in power transmission products based in Mississauga, ON. This makes 14 acquisitions for Ficodis Group, allowing the company to complete its network of power transmission distributors and add new brands to its product portfolio.
St. Louis, MO-based Emerson has completed the purchase of Intelligent Platforms from General Electric. The addition of Intelligent Platforms programmable logic controller (PLC) technologies will enable Emerson, a global leader in automation for process and industrial customers, to expand its capabilities in machine control and discrete applications.
Onicon Inc., a Harbour Group company based in Largo, FL, has acquired the parent company of Pulsar Process Measurement Ltd., Jeff Fox, Harbour Group’s chairman and chief executive officer, has announced.
Evonik of Essen, Germany, has launched its second venture capital fund with a volume of €150 million, more than doubling the amount under management to €250 million. The new fund will help secure access to disruptive technologies and innovative business models as well as supporting Evonik’s digital transformation and enabling early identification of potential technology acquisition targets.
Burlington, ON-based Endress+Hauser and Westburne have extended the scope of their partnership agreement to include Manitoba. Last year, the electrical distributor became an Endress+Hauser Authorized Channel Partner for Ontario and Saskatchewan.
Fortress Global Enterprises has announced that its wholly-owned subsidiary, Fortress Xylitol Inc., has entered into a definitive contribution agreement with Natural Resources Canada (NRCan) whereby NRCan has committed $10 million in contribution funding to support the planned construction of a xylitol and complementary bioproducts demonstration plant at Fortress’ dissolving pulp mill in Thurso, QC.
A new website has been launched by Alpha Controls & Instrumentation. Calibration, instrumentation and controls products are featured. The Markham, Ont.-based Alpha says the interactive site has a cleaner and user-friendly e-commerce interface for an easier online shopping experience. A wide-ranging selection of brands and products available to order with just a few clicks.
Export Development Canada (EDC), Canada’s Export Credit Agency based in Ottawa, has announced a $1 million investment into Canadian clean technology company P&P Optica (PPO), a Waterloo, ON-based firm that uses imaging and machine-learning to assess food composition and quality as well as detect contamination by foreign objects. Benefits include improving the overall Canadian food supply and reducing waste in this country’s landfills.