The Industrialist: Trends & Innovations - Feb 2022
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The document discusses several partnerships and investments in the industrial technology sector, including KKR investing in Körber's supply chain software business, Cummins and Sinopec forming a joint venture focused on green hydrogen technology, and Wärtsilä partnering with Microsoft to accelerate IoT capabilities for shipping. It also mentions Sandvik acquiring mine planning software company Deswik and Continental AG investing in autonomous vehicle software company Apex.AI.
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The Industrialist: Trends & Innovations - Feb 2022
2. Know more about the latest
announcements impacting
industry, from green
hydrogen technology to VR
construction workspaces.
3. Industrial is
a front runner
in combining
human ingenuity
with technology
and innovation.
Thomas Rinn
Managing Director,
Global Industrial Sector Lead, Accenture
4. KKR invests in Körber
supply chain tech
Investment firm KKR has formed a strategic partnership with
Körber to help scale the technology group’s supply chain
software business.
KKR’s stake in Körber comes at a time when companies are
putting greater focus and investment into supply chain and
logistics, and Körber is already one of the top three global
providers of warehouse management software. Körber serves
more than 4,200 customers across 70 countries, harnessing
voice and robotics technology to give superior customer
experiences. Investment from KKR will help Körber expand to
more regions. Further acquisitions may also be made in the
future to add functionality to Körber’s software.
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5. Cummins and Sinopec
lead on green energy
Cummins and China Petrochemical Corporation have formed a joint
venture aimed at developing technology to drive more affordable, widely
accessible green hydrogen. Sinopec has already stated it wants to
become the world’s leading clean energy chemical company, and this
venture advances that pledge.
The collaboration, named Cummins Enze, will involve an initial $47 million
investment for a manufacturing plant in Guangdong that can produce
proton exchange membrane electrolyzers (which uses electricity to break
water into hydrogen and oxygen), with a capacity of 500 megawatts of
electrolyzers per year by 2023. The aim is to raise that capacity to one
gigawatt per year within five years. Cummins Enze will also focus on
providing electrolyzers for small- and large-scale hydrogen production.
02
6. Wärtsilä and Microsoft
accelerate IoT
Wärtsilä Voyage is partnering with Microsoft to scale the
Wärtsilä shipping platform securely using Microsoft Azure IoT
Edge and Microsoft Security. The platform is designed to help
deploy digital and autonomous solutions to the shipping
industry faster.
The collaboration strengthens Wärtsilä’s mission to accelerate
the industry’s decarbonization targets through the use of
technologies such as automation. Wärtsilä Voyage wants remote
updates for digital ships to be as easy as updating today’s
smartphones. In the future, the platform could increase
standardization in the industry and be used for remote asset
commissioning, diagnostics, and upgrades, to speed up
maintenance and decrease downtime.
03
7. Sandvik acquires
mine software Deswik
Sandvik is set to acquire Deswik, a leading provider of mine
planning software based in Australia. Sandvik plans to form a
new Digital Mining Technologies division based around Deswik,
Sandvik Mining and Rock Solutions, and Newtrax telemetry
and collision avoidance solutions.
Deswik’s software digitalizes mine planning, while its
consultancy services support clients through everything from
scoping to software implementation. The software’s features
include computer-aided 3D mine design, scheduling, operations
planning, mining data management and geological mapping.
Deswik already has a strong customer base and more than
10,000 existing licenses and, together with Sandvik, the
companies hope to help customers optimize the entire mine
planning value chain.
04
8. NXP and FII bring
edge computing to cars
NXP Semiconductors and Foxconn Industrial Internet (FII) have
entered a strategic partnership to develop technology that
transforms cars into edge computing devices. The two
companies will kick-off with a program to develop a fully digital
cockpit solution using NXP’s i.MX 8 QuadMax and featuring
a head-up display for cutting-edge customer experiences.
The cockpit solution is slated for a 2023 launch, while other
projects will include ultra-wideband (UWB)-based secure car
access and safety technology for autonomous driving,
leveraging NXP’s radar solutions.
05
9. Samsung reveals
first 5G chip for cars
Samsung has unveiled three automotive chips—modem chip Exynos
Auto T5123, infotainment processor chip Exynos Auto V7, and power
management integrated circuit chip S2VPS01. Demand for chip
technology for cars is booming as car manufacturers develop new,
digitally led customer experiences.
The Exynos Auto T5123 supports 5G communications and comes built with
low power core and satellite navigation technology to enable real-time
road traffic data, tracking, and remote diagnostics. The Exynos Auto V7
chip enables voice, motion, and facial recognition necessary to command
virtual assistants, and will support all kinds of high quality in-car
entertainment from games to music, with help from the S2VPS01 chip.
06
10. Continental AG invests
in Apex.AI
The German automotive supplier has acquired a minority stake
in Apex.Ai, as part of a $56.5 million funding round led by
Orillion. Apex.Ai supplies the open-source software framework
for autonomous and robotics systems, and its Apex.OS software
has already been approved for use in autonomous driving
systems on the road.
The two companies were already collaborating on the
industrialization of vehicle operating systems, and this new
investment will help Apex.Ai further scale its technology as well
as expand into other markets, including agriculture, mining and
industrial automation.
07
11. Kajima and RICOH harness
VR workspace
Japanese construction company Kajima has announced that it is already
harnessing remote site management technology via its “Ricoh Virtual
Workplace“. Multiple people can connect in the virtual reality space
to work on projects. Kajima says its teams are using it for Phase II
construction on a project in Nagaoka. The team were able to share the
BIM/CIM model, point cloud data, and live video in the VR space across
three different offices.
The technology has proven indispensable during the pandemic, enabling
teams to safely collaborate across districts using up to date, live data from
the construction site. Kajima and Ricoh plan to incorporate data from 360-
degree live video in further projects.
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