World Industry News:
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===== INDUSTRY TRENDS =====
Meanwhile, the overall economy grew for the 25th consecutive month,
according to the Institute for Supply Management (ISM).
The manufacturing sector enjoyed its best month since December 1983.
The big improvement is in employment as the index rose above the 50
percent breakeven point, indicating growth, following 37 consecutive
months of decline.
The momentum is coming from continued strength in New Orders and
Production as the indexes are presently at very lofty levels.
ISMís Backlog of Orders Index indicates that order backlogs increased
in November, and the Employment Index reversed a long-term trend of
contraction as it indicates growth during the month.
ISMís Prices Index indicates that manufacturers experienced higher
prices in their purchases. The New Export Orders and Import Indexes
continue to grow.
===== COMPANY NEWS & BRIEFINGS =====
Siemens Energy & Automation has formed Safety Integrated U.S.A., a
new organization that brings together multi-dimensional safety teams,
technology, and products serving the process and discrete industries.
Safety Integrated U.S.A. was formed to maximize cross-divisional Safety
Integrated technology across all U.S. automation product lines, including
PLCs, sensors, industrial control products, motion control and drives.
Siemens has committed considerable resources to the Safety Integrated
U.S.A. team, including application engineers and safety specialists, plus
a network of safety solution providers.
===== ACQUISITIONS & PARTNERING NEWS =====
Danaher Corporation has acquired Accu-Sort Systems for approximately
$63 million plus an earn out based upon certain performance conditions
payable in the future.
Accu-Sort, with approximately $90 million in revenues, makes stationary
scanners used most commonly in manufacturing, distribution, and sortation
Danaher has announced that Craig B. Purse, 47, President of Videojet
Technologies, has been appointed Vice President and Group Executive, with
responsibility for the companyís Product Identification platform and the
companyís newest acquisition, Accu-Sort.