Atlas Copco completes acquisition of Perceptron, a US company specialized in automated metrology
Nacka, Sweden, December 21, 2020: With all regulatory approvals obtained, Atlas Copco has completed the acquisition of Perceptron that was announced September 28th, 2020. Perceptron is a leading supplier of automated metrology solutions headquartered in Plymouth, Michigan, USA Perceptron has approximately 300 employees. In the fiscal year 2020, ending June 30, Perceptron had revenues of MUSD 62.3 (MSEK 516). Atlas Copco paid USD 7.00 per share, corresponding to an enterprise value of MUSD...
The Bureau of Overseas Buildings Operations and the National Organization of Minority Architects Sign Memorandum of Understanding
On December 18, 2020, the Bureau of Overseas Buildings Operations (OBO) and the National Organization of Minority Architects (NOMA) signed a Memorandum of Understanding (MOU) that will promote OBOs workplace diversity, improve employee engagement through diversity-focused initiatives, and diversify the architectural firms that partner with the bureau to advance the Department of States mission. The MOU solidifies and builds on the existing relationship between the two organizations and facilitat...
Steel Press-Brake-Formed Tub Girder System Selected as 2021 AASHTO Innovation Initiative Focus Technology
Monroe County, MI Bridge - Image by Valmont Structures and Con-Struct Press-Brake-Formed Tub Girders WASHINGTON, D.C. – The steel press-brake-formed tub girder (PBTG) bridge system researched and tested through the Short Span Steel Bridge Alliance (SSSBA) has been selected by the AASHTO Innovation Initiative (AII) as a 2021 Focus Technology. During 2021, AII will invest time and resources to accelerate the adoption of PBTG among AASHTO (American Association of State Highway and Transportation...
Skanska to build new office building in London, UK, for GBP 180M, about SEK 2 billion
Skanska has signed a contract with British Land PLC to build Blossom Street, London. The contract is worth GBP 180M, about SEK 2 billion, which will be included in the order bookings for Europe in the fourth quarter of 2020. Skanska will construct about 46,300 square meters of commercial, retail, public realm and residential units, as well as install the mechanical, electrical and public health services for the development. The building is targeting environmental standards to achieve BREEA...
Stantec celebrates opening of Virginia’s tallest twin bridges
The long-awaited US Route 460 Connector Phase I Project is now open to traffic, connecting southwest Virginia and eastern Kentucky Buchanan County, VA - TSX, NYSE: STN: Leading global design firm Stantec celebrates the opening of the US Route 460 Connector Phase I Project, which includes the tallest twin bridges in Virginia at 265 feet. The Virginia Department of Transportation (VDOT) design-build project begins at the Kentucky state line and proceeds one mile east as part of the larger...
Renewable Energy Technologies Won’t Achieve Their Full Decarbonization Potential Without Concerted Federal Investments, New ITIF Report Shows
WASHINGTON—Innovation in renewable energy technologies, tapping solar, wind, geothermal, and water resources, could unlock massive additional decarbonization opportunities, but not without increased, sustained, and well-targeted federal investments, according to a new report released today by the Information Technology and Innovation Foundation (ITIF), world’s leading think tank for science and technology policy. If clean energy is to supplant fossil fuels fully, particularly in the develop...
DOE To Invest $128M In Sustainable Transportation Research
The U.S. Department of Energy plans to invest of up to $128 million in funding for research and development of sustainable transportation resources and technologies — money subject to the availability of appropriated funds, it stressed. [Above photo by the DOE.] That money – split between three separate funding opportunity announcements or FOAs– aims to ensure that American families “have greater choice in how their transportation energy needs are met,” explained Mark Menezes, deputy secre...
ARTBA: Transportation Construction Market To Shrink In 2021
The U.S. transportation construction market should shrink by 5.5 percent in 2021 primarily due to the severe economic recession caused by the COVID-19 pandemic, according to an annual forecast released December 10 by the American Road & Transportation Builders Association. [Above photo by the West Virginia DOT.] Overall, the value of work should drop from $294.2 billion in 2020 to $278.1 billion in 2021, according to Alison Premo Black, ARTBA’s chief economist. Alison Premo Black “Not su...
360 Transit Alliance Joint Venture selected to lead project controls for four Toronto subway lines
Infrastructure Ontario (IO) and Metrolinx have selected 360 Transit Alliance Joint Venture, which includes key partners Stantec and Jacobs, to execute a Program Control Services Contract for Ontario’s four priority transit projects in the Greater Toronto Area. These include the new Ontario Line, the Scarborough Subway Extension, the Yonge Street North Subway Extension, and the Eglinton Crosstown West Extension – with a total estimated capital value of $28.5 billion. 360 Transit Alliance will...
Landslide Bill Clears Congress
Fairfax,VA – John M. Palatiello & Associates, Inc. (JMP&A), the nation’s leading government relations and association management firm representing the surveying, mapping, GIS, and geospatial community, applauded yesterday’s passage of the bi-partisan “National Landslide Preparedness Act”, H.R. 8810, in the U.S. Senate. The Senate action, by unanimous consent, followed earlier approval by the House of Representatives and clears the bill for signature into law by President Trump. The Senate bil...