Delta Electronics Inc (台達電), the nation’s leading power management solutions provider, has signed an agreement to acquire Canadian software firm Trihedral Engineering Ltd to bolster its smart production efforts, it said on Saturday.
Delta said in a statement that it would acquire Trihedral for C$45 million (US$32.68 million) through its 100 percent-owned subsidiary Delta Electronics (Netherlands) BV.
Trihedral specializes in supervisory control and data acquisition (SCADA) and industrial Internet of Things software, which would strengthen Delta’s hardware offerings in fast-growing areas such as automation, artificial intelligence and data analytics, it said.
“The collection, monitoring and analyzing of data are critical to Delta’s two major growth engines of the future — smart manufacturing and smart cities. Trihedral has designed and sold market leading SCADA software for more than 30 years, in the segments of water and wastewater, oil and gas, energy and more,” Delta president and chief operating officer Simon Chang (張訓海) said.
“Their unwavering focus on enhancing the SCADA platform for its present use and for use in new markets, including smart manufacturing, aligns perfectly with Delta’s long-term strategy,” Chang said. “The synergy of the two companies will quickly create unique solutions for our strategic global markets.”
Trihedral president Glenn Wadden said that the firm has long served thousands of first-tier customers in North America and the UK, and has now set its sights on new markets such as China, other Asian nations and Europe.
“We are looking forward to taking advantage of Delta’s global operation and business strengths to continue our rapid growth in the SCADA sector. This will include our capabilities to provide real value to customers of Industry 4.0 and smart city infrastructure,” Wadden said in a statement.
Trihedral, founded in 1986, also creates VTScada software, a complete SCADA software suite and associated engineering services.
With customers in more than 100 countries, Trihedral’s VTScada software has comprehensive functionality and can be connected to multinational sites and factories through the Internet by a distributed fault-tolerant network of multiple servers, Delta said.
Trihedral’s products are widely used in large power, water treatment, and oil and gas industries in North America, Delta added.
To many, Tatu City on the outskirts of Nairobi looks like a success. The first city entirely built by a private company to be operational in east Africa, with about 25,000 people living and working there, it accounts for about two-thirds of all foreign investment in Kenya. Its low-tax status has attracted more than 100 businesses including Heineken, coffee brand Dormans, and the biggest call-center and cold-chain transport firms in the region. However, to some local politicians, Tatu City has looked more like a target for extortion. A parade of governors have demanded land worth millions of dollars in exchange
Hong Kong authorities ramped up sales of the local dollar as the greenback’s slide threatened the foreign-exchange peg. The Hong Kong Monetary Authority (HKMA) sold a record HK$60.5 billion (US$7.8 billion) of the city’s currency, according to an alert sent on its Bloomberg page yesterday in Asia, after it tested the upper end of its trading band. That added to the HK$56.1 billion of sales versus the greenback since Friday. The rapid intervention signals efforts from the city’s authorities to limit the local currency’s moves within its HK$7.75 to HK$7.85 per US dollar trading band. Heavy sales of the local dollar by
Taiwan Semiconductor Manufacturing Co’s (TSMC, 台積電) revenue jumped 48 percent last month, underscoring how electronics firms scrambled to acquire essential components before global tariffs took effect. The main chipmaker for Apple Inc and Nvidia Corp reported monthly sales of NT$349.6 billion (US$11.6 billion). That compares with the average analysts’ estimate for a 38 percent rise in second-quarter revenue. US President Donald Trump’s trade war is prompting economists to retool GDP forecasts worldwide, casting doubt over the outlook for everything from iPhone demand to computing and datacenter construction. However, TSMC — a barometer for global tech spending given its central role in the
The Financial Supervisory Commission (FSC) yesterday met with some of the nation’s largest insurance companies as a skyrocketing New Taiwan dollar piles pressure on their hundreds of billions of dollars in US bond investments. The commission has asked some life insurance firms, among the biggest Asian holders of US debt, to discuss how the rapidly strengthening NT dollar has impacted their operations, people familiar with the matter said. The meeting took place as the NT dollar jumped as much as 5 percent yesterday, its biggest intraday gain in more than three decades. The local currency surged as exporters rushed to