The predictive maintenance report forecasts a compound annual growth rate (CAGR) for predictive maintenance of 39 percent over the time frame of 2016–2022, with annual technology spending reaching $10.96 billion by 2022.
HTS New England (Peabody, Massachusetts) announced the expansion of its parts and aftermarket department with the opening of a locally stocked parts store in the company’s Peabody office.
Peter Greisinger and Jeff King were also promoted to the roles of team director of North America key accounts and senior manager of product management for Uni-Line, respectively.