It's just business: Manufacturing moves from Eaton, Tandem PV, Scimplify, and more
As manufacturers strive to optimize and improve profitability, they often use various business strategies to stay competitive. These actions include mergers, acquisitions, promotions, layoffs, funding, and much more. Below are just a few of the companies that are making moves and making headlines in the industrial sector.
Capital: Tandem PV has secured $50 million in a Series A round of funding, led by Eclipse with participation from multiple investors. The investment will fund the construction of a commercial-scale manufacturing facility in the U.S. to accelerate the adoption of its high-efficiency solar panels and enhance energy security. In a recent quote, Scott Wharton, CEO of Tandem PV, said, "This investment is a resounding endorsement of our mission to revolutionize solar energy and re-establish the U.S. as a leader in renewable technology. With Eclipse's backing, we are no longer just developing breakthrough technology—we are bringing it to market at scale. As global demand for clean energy surges, Tandem PV is stepping up to meet it—delivering next-generation solar power that is more powerful, more sustainable, and made in America."
Learn more
Merger: Detroit Manufacturing Systems (DMS) has partnered with Android Industries and Avancez to form a new entity, Voltava LLC. The combined company will leverage the strengths of all three to offer enhanced value to customers through increased financial capacity, operational scale, and long-term growth. In a recent quote, Chairman and CEO Bruce Smith said, “The transformational combination of DMS, Android and Avancez represents a significant milestone for all three companies and the customers we serve. We are bringing together highly complementary businesses and corporate cultures to form a premier, global supplier partner to deliver unparalleled value to our customers worldwide while fostering an environment of collaboration, social responsibility, respect, diversity, accountability and excellence.”
Learn more
Capital: Scimplify has secured a $40 million Series B funding round, co-led by Accel and Bertelsmann India Investments, bringing its total funding to $54 million. This investment will accelerate the company's international growth, expanding its reach into new industries and countries, with exports already spanning 16 nations. In a recent quote, Sachin Santhosh, Co-Founder at Scimplify, said, "Global supply chains are shifting like never before. For decades, specialty chemical manufacturers have invested millions in facilities that can only produce a handful of compounds, often running at partial capacity while lacking R&D capabilities. This creates a paradox: excess capacity alongside supply shortages. We've flipped this model, connecting our scientific teams with hundreds of manufacturing plants to create a responsive ecosystem that can adapt as market needs shift."
Learn more
Acquisition: Eaton has announced an agreement to acquire Fibrebond Corporation, a company specializing in pre-integrated modular power enclosures for various industries, for $1.4 billion. The acquisition is expected to generate an estimated $110 million in adjusted EBITDA for 2025. In a recent quote, Mike Yelton, president, Americas Region, Electrical Sector, said, “Fibrebond is known for its engineering capabilities and customer focus in the industries they serve, including the multi-tenant data center market. Its engineered-to-order power enclosures, in which equipment installation and testing procedures are performed off-site, enables customers to get up-and-running in less time and at a lower cost. This full-service offering allows us to better serve our customers amid accelerating demand.”
Learn more
Acquisition: Ruland Manufacturing has acquired the assets of RoCom Couplings, a company specializing in beam couplings and custom machined components, enhancing Ruland’s beam coupling offerings and manufacturing capabilities. This acquisition will provide Ruland customers with a wider selection of beamed solutions, while RoCom customers gain access to Ruland’s broader product line and improved lead times and service. In a recent quote, Bill Hewitson, President of Ruland, said, “This acquisition strengthens our ability to provide high-quality beam couplings and related components to engineers designing critical motion control systems. RoCom’s capabilities in beaming technology complement our existing product line, allowing us to offer a more comprehensive range of solutions while maintaining the precision and reliability our customers expect.”
Learn more