Industry Trends & Analysis

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.

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.

The Digital Manufacturing and Design Innovation Institute (DMDII), Chicago, announced Feb. 10 that it has issued $15 million in national contract research awards that include funding to test and aid compliance with the nation's cybersecurity standards for digital manufacturing, according to a news release from the group. The money will be distributed among six new projects with 27 DMDII partners in 17 states.

Though up two-tenths of 1 percentage point since December 2015, economic activity in the manufacturing sector contracted in January for the fourth consecutive month as measured by the Manufacturing ISM Report on Business, which is published monthly by the Institute for Supply Management, Tempe, Ariz.