Intelligent power management company Eaton has announced that it has signed an agreement to acquire Fibrebond Corporation, a designer and builder of pre-integrated modular power enclosures for data center, industrial, utility and communications customers. Under the terms of the agreement, Eaton will pay $1.4 billion for the acquisition of Fibrebond, which is expected to generate $110 million of estimated 2025 adjusted EBITDA. “Fibrebond is known for its engineering capabilities and customer focus in the industries they serve, including the multi-tenant data center market,” said Mike Yelton, president, Americas Region, Electrical Sector. “Its engineered-to-order power enclosures, in which equipment installation and…
Author: WNA TEAM
Infineon Technologies Asia Pacific Pte Ltd and The Automotive Research Association of India (ARAI) have signed a Memorandum of Understanding (MoU) to collaborate on developing advanced semiconductor solutions for the Indian automotive sector. The collaboration will focus on the development of EV inverters and vehicle control units tailored for use in electric vehicles in India. Both parties are enhancing market visibility and promoting these drivetrain solutions in order to drive the adoption of the solutions by automotive manufacturers across the country. In addition to drivetrain solutions, the collaboration will also cover joint development of Advanced Driver Assistance Systems (ADAS) and Automated Driving (AD)…
UPM continues to selectively align its paper capacity with profitable customer demand to ensure performance and therefore plans to permanently close its paper mill in Ettringen, Germany, reducing the annual capacity of uncoated mechanical paper by 270,000 tonnes during July 2025. Should the plans be implemented the number of positions affected in Ettringen is estimated at 235. The participation process with the workers council will start immediately in line with local legislation. “In a dynamically changing market that has been characterized by overcapacity for years, operational competitiveness is key to underpinning our long-term commitment to the still sizeable graphic paper…
Cakebread Cellars, one of Napa Valley’s premier family-owned wineries, has announced the nationwide launch of its new brand, Bezel, from California’s Central Coast. Perfect for elevating everyday occasions, the latest innovation from the Cakebread family is available beginning in March. Bezel offers vibrant, fruit-forward wines that blend more than 50 years of the Cakebread family’s winemaking expertise with the Central Coast region’s unique terroirs. The new brand’s portfolio includes Cabernet Sauvignon, Chardonnay, Pinot Noir and Sauvignon Blanc (available in select markets). “Bezel’s national debut marks an expansion in Cakebread Cellar’s commitment to making wines that are distinct and accessible,” said…