Improved End Product News

AVEVA Group plc announces that it has agreed to acquire FabTrol Systems, Inc. from the Dowco Group of Companies the acquisition is expected to complete by Friday 26 June 2015. FabTrol is a software business, headquartered in Eugene, Oregon with operations in North America and the United Kingdom, providing fabrication management software to the steel fabrication industry. The consideration of $6.5 million has been funded through AVEVA's existing cash resources. The acquisition is expected to be earnings enhancing in FY16. The combination of the FabTrol software together with AVEVA Everything3D which is already integrated with AVEVA Bocad structural steel detailing software, creates a powerful design, detailing and fabrication solution.

Damen Marine Components (DMC) has developed a pioneering nozzle production method based on a single weld seam on the inner side of the nozzle. This makes the process much more efficient and environmentally friendly. The new Nozzle Spinning Machine can deliver nozzles up to 4.5 m at short notice. Based in Hardinxveld in the Netherlands and part of the Damen Shipyards Group, DMC has invested in new spinning machinery for its facility in Gdansk, Poland. “The new spinning machinery…