On Thursday, Autodesk, Inc. (NASDAQ:ADSK)’s shares inclined 0.28% to $47.05.
Autodesk, has signed a definitive agreement to acquire netfabb, a Lupburg, Germany-based developer of software solutions for industrial additive design and manufacturing. Autodesk will also make a planned investment in FIT Technology Group, the parent company of netfabb and provider of additive manufacturing software and services. The two companies will collaborate to improvement adoption of technology for industrial additive manufacturing.
Autodesk plans to use foreign capital for the transaction, which is predictable to close in Autodesk’s Q4 FY2016. Terms of the transaction were not revealed.
More than 80,000 designers, manufacturers, artists, researchers and developers worldwide presently use netfabb solutions as part of their 3D printing process. Autodesk plans to support and expand this community by ongoing to develop, sell and support netfabb software in addition to integrate netfabb technology into Autodesk’s solutions for product design and additive manufacturing, counting Autodesk Fusion 360 the Spark 3D printing platform.
Autodesk, Inc. (Autodesk) is a design software and services company, offering customers productive business solutions through technology products and services. The Company serves customers in the architecture, engineering and construction; manufacturing, and digital media, consumer and entertainment industries.
Koninklijke Philips NV (ADR) (NYSE:PHG)’s shares dropped -0.67% to $23.70.
Royal Philips, the global leader in lighting, recently, in partnership with The Climate Group, called on every single city and utility around the world to plan the switch of their street lighting to LED by 2025. During the annual Climate Week NYC proceedings in New York, Philips supported the launch of The Climate Group’s new major global campaign – “LED = Lower Emissions Delivered” – to encourage local governments, cities and utilities to embrace the carbon and cost benefits of switching to LED.
A new report, “Support The Big Switch,” published recently, reveals that major cities around the world want to upgrade to LED. It states that while the technological barriers for switching to LED have been overcome, cities want more support from Government and financial institutions to refine business models and financing options to assist make the switch.
In 2013, the city of Los Angeles began the installation of 140,000 LED street lights and has already stated energy savings of 63% and cost savings around $8.7 million in 2014. Recently, with the assist of Philips, Los Angeles is the first major city globally to renovate its LED lighting to ‘Connected lighting,’ using a system that uses mobile and cloud-based technologies. The new system delivers information so that cities can respond quickly to different situations, make smarter decisions and realize new operational efficiencies. And through connected LED lighting, the city has the potential to realize energy savings of up to 80%.
Koninklijke Philips N.V. is a technology company. The Company operates in the segments of Healthcare, Consumer Lifestyle and Lighting. It operates in the Innovation, Group & Services (IG&S) sector. The Healthcare segment includes imaging systems, customer services, healthcare informatics, solutions and services, and patient care and monitoring solutions.
At the end of Thursday’s trade, Callon Petroleum Company (NYSE:CPE)‘s shares dipped -1.62% to $7.58.
Shares of Callon Petroleum Company, have received a consensus recommendation of “Buy” from the seventeen brokerages that are covering the firm, MarketBeat reports. Seven analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $10.21.
Callon Petroleum Company is an independent oil and natural gas company. The Company is engaged in the exploration, development, acquisition and production of oil and natural gas properties.
SeaWorld Entertainment Inc (NYSE:SEAS), ended its Thursday’s trading session with 3.08% gain, and closed at $18.07.
The Board of Directors of SeaWorld Entertainment declared a cash dividend of $0.21 per share of common stock. The dividend is payable on October 6, 2015 to shareholders of record at the close of business on September 29, 2015.
SeaWorld Entertainment, Inc. (SeaWorld) is a theme park and entertainment company. It owns or licenses a portfolio of brands including SeaWorld, Shamu and Busch Gardens. It has 11 destination and regional theme parks that are located across the United States. Its theme parks feature an array of rides, shows and other attractions.
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