United Technologies Corp. has acquired Predikto Inc., an Atlanta-based predictive analytics software firm. Predikto has developed a cloud-based predictive health maintenance solution aimed at enabling its customers to forecast and improve asset reliability with better certainty. The acquisition will reinforce United Technologies' global digital strategy of making strategic business investments to deliver "new forms of value" for customers, employees and shareholders, company officials said in a press release.
Knorr-Bremse Rail Vehicle Systems has acquired Federal-Mogul Corp.'s intellectual property rights for the development and production of friction materials for rail vehicle and industrial applications. In return, Federal-Mogul will receive a "back license" from Knorr-Bremse that will enable the company to continue supplying rail friction materials. The acquisition will help Knorr-Bremse reinforce its system expertise and invest in new and improved customer-oriented products, company officials said in a press release. The integarted development of rail braking systems and brake pads is expected to lead to greater deceleration, lower noise emissions and reduced lifecycle costs, according to Knorr-Bremse.
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