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Industrial M&A Falls in 2019

Industrial merger and acquisition activity fell in 2019 because of slowing economies and trade uncertainty, consulting firm PwC said in a report.

Caterpillar Profit Rises Despite Lower Revenue

Caterpillar Inc. today reported higher fourth-quarter profit as expense controls made up for lower revenue. The Deerfield, Illinois-based maker of earthmoving machines and heavy equipment also warned of “continued global economic uncertainty” in 2020.

HMCs Offer Perfect Platform for Flexibility, Performance

Horizontal machining center technology—a long-time mainstay of OEMs and Tier One contract manufacturers—has morphed into space efficient, versatile machining platforms that any high-mix job shop can benefit from.