Management

Laser technology company Coherent Inc. will acquire industrial laser maker Rofin-Sinar Technologies Inc. for about $942 million, according to a joint news release issued by the two companies March 16. "This transaction is aligned with our strategy of increasing our scale and pursuing accretive growth opportunities," said Coherent President and CEO John Ambroseo. "The combination of Coherent and Rofin represents a unique opportunity to strengthen Coherent’s position in materials processing. The addition of Rofin's complementary portfolio will build on Coherent’s capabilities as a world leader in laser and photonics-based technology and solutions, and create meaningful value for our stockholders."

The Manufacturers Alliance for Productivity and Innovation published a report in January about megatrends that are reshaping manufacturing. Titled “Manufacturing Megatrends: The Impact of Megatrends on U.S. Manufacturers,” the report was authored by MAPI Director of Councils and Business Research Jenn Callaway, and is based on surveys conducted with manufacturing executives. 

Forklifts—the workhorses of the plant floor—are more valuable than ever at ITAMCO (Indiana Technology and Manufacturing Cos.). The Plymouth, Ind.-based manufacturer of gears and other precision components connected its forklifts to the Industrial Internet of Things (IIoT), which integrates machine tools and other manufacturing equipment with networked sensors and software. 

Has the reshoring train left the station or not? According to the second annual U.S. Reshoring Index from global management consultants A.T. Kearney, the answer is a resounding “no.” In 2015, the index, at -115, indicates that reshoring of manufacturing activities to the U.S. has not kept up with offshoring. The index measured -30 in 2014. A positive number indicates net reshoring, while a negative value indicates net offshoring.

Röhm Products Mexico S. de R.L. de C.V., a subsidiary of Röhm GmbH, recently opened a new office in Monterrey, Mexico, in an effort to expand the company's sales, service and support capabilities to meet increasing demand for high-quality clamping and gripping technology throughout Mexico and Central America, the company reported in a Feb. 22 news release.

An online San Francisco Chronicle report posted Feb. 18—"Hacker ethos comes to the factory floor"—suggests that large and small manufacturers alike "are beginning to think and operate like software companies." And, just for the record, that's a good thing, say the authors: Mark Muro, a senior fellow and the policy director of the Metropolitan Policy Program at the Brookings Institution, and Kelly Kline, the economic development director and chief innovation officer of the city of Fremont, Calif.

MBFZ toolcraft GmbH, Georgensgmünd, Germany, recently announced that it has secured extra site space for future expansion at its Handelsstraße site, according to a Feb. 8 company news release. Toolcraft, which has manufactured precision parts made from metal and plastic for 27 years, said its expansion plans are the result of steadily increasing demand.