From the Rochester Business Journal | Retrotech Inc., a Rochester, N.Y. area engineering firm has been acquired by Savoye Inc., a Chicago-based subsidiary of Savoye of Dijon, France, for an undisclosed sum. Savoye, a logistics engineering firm with 550 employees and more than 1,000 customers globally, logged sales of $110 million in 2009, the company reported. Get the full story>>
Inside these posts: Engineering
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Electric company moving HQ to Bolingbrook
An international electrical engineering company that powers high-profile destinations like the Kennedy Space Center and Harvard University is moving its headquarters to Bolingbrook.
G & W Electric Company has outgrown its facility in Blue Island, and should be fully operational in Bolingbrook by 2012, said Mayor Roger Claar today during the Bolingbrook Chamber of Commerce’s State of the Village luncheon.
Deaths, injuries among grain workers hit record
Accidents in grain silos, storage bins and other facilities killed and injured a record number of workers through October this year, a study by Purdue University showed. Get the full story »
Kia recalling Soul, Sorento autos for wiring fix
Kia Motors is recalling about 35,000 Soul and Sorento vehicles to fix wiring in the interior lighting panels that could lead to fires. Get the full story »
Caterpillar to open engineering office in S.D.
Caterpillar Inc. plans to open an engineering office in South Dakota that is expected to employ up to 100 people in five years, the construction equipment company said Tuesday. Get the full story »
2 Boeing defense programs going to Oklahoma City
The Boeing Co. says it is relocating two programs from Long Beach, Calif., to Oklahoma City, a move expected to bring 550 engineering jobs to the state. Boeing is moving its C-130 Avionics Modernization program to Oklahoma City beginning in the first quarter of 2011. The move of the B-1 program is expected toward the end of 2012.
ATC Technology to be acquired by Genco Supply
Downers Grove engineering firm ATC Technology Corp. is to be acquired by Genco Supply Chain Solutions in Blawnox, Penn., in a $512 million cash deal, Genco said. The boards of directors of both companies approved the acquisition, but shareholders’ approval still is needed. The deal calls for ATC shareholders to get $25 per share, a 43 percent premium over the company’s closing price on Friday.
