Deep Intelligence Across Industries

1.1.1 Business Overview Company Headquarters: US Founded: 2001 Workforce: ~50 Company working: GigaSat is a wholly owned subsidiary of Ultra Electronics Holdings, a British conglomerate operating in the defense, security, transport and energy industries. GigaSat manufactures satellite solutions for small, medium and large bandwidth requirements, such as GigaSat FA-180, a 1.8m flyaway antenna, which is operated at Ka, Ku, X and C-bands of frequency and multi-band transmissions on both commercial and military satellites, featherweight manpacks such as the MicroVSAT series for emergency military communication operations, and GigaSat FA-370 3.7m antenna for high data-rate military communications. The company also offer drive-aways including 1.0m, 1.5m, 1.8m, 2.0m, and 2.4m antenna-based systems, suitable for C (1.8, 2.0 or 2.4m) X, Ku and Ka-band transmissions which are adequate for satellite television news broadcasts. Besides VSAT, the company also offers special electronics such as CAM series M&C system, enabling control of any product with an RS232/485 interface, FMP series monitoring panels, dual-video displays, dual active monitor speakers, and others. The company operates in the United Kingdom, Continental Europe, Canada, the US, and the rest of the world. GigaSat focuses on an organic growth strategy. This is evident in its contracts as a major supplier of the British Army for military communication technology such as long and medium-range VSAT antennas. For the enterprise VSAT market, it develops mobile broadcast systems which helps it to maintain brand presence in the commercial space as well. This approach of preserving a brand presence across verticals has allowed Gigasat to grow even in a mature industry.

Company Headquarters: Germany Founded: 1898 Workforce: 5,675 Company Working: Messer Group is the largest privately held specialist in industrial, medical, and specialty gases in the world. It offers a broad range of products including oxygen, nitrogen, argon, carbon dioxide, helium, hydrogen, acetylene, shielding gases for industrial, food and beverage, and medical applications. The group is also engaged in providing automatic dry ice production machines, CO2 cylinder filling plants, CO2 vaporizers, dry ice blasting equipment, CO2 production plants and recovery systems, CO2 storage tanks, and other CO2 accessories. The group has more than 90 operating companies in 35 countries across Europe, Asia, America, and Algeria.

Company Headquarters: Germany Founded: 1879 Workforce: 57,605 Company Working: The Linde Group is one of the major players in the international gases market. The group comprises of two divisions, namely, gases and engineering. The group offers a broad range of compressed and liquefied gases applicable in the energy sector, steel production, chemical processing, environmental protection and welding, food processing, glass production, and electronics. It has gases and engineering operations in more than 100 countries globally. Argon is produced and distributed by the group’s gases division.

Company Headquarters: US Founded: 1907 Workforce: 26,461 Company Working: Praxair, Inc is the leading industrial gas company in North and South America. The company operates through two business segments, namely, industrial gases and surface technologies. Atmospheric gases (oxygen, nitrogen, argon) and process gases (carbon dioxide, helium, hydrogen, electronic gases, specialty gases, acetylene) are offered under the industrial gases segment. The company also designs and manufactures industrial gases producing equipment.

Company Headquarters: Qatar Founded: 1987 Workforce: ~ 10,000 Company Working: Ooredoo QSC provides domestic and international telecommunication services. Its services include landline, mobile, cable television, and Internet connection services. The company, together with its subsidiaries, provides telecommunications services and related products to small companies, start-ups, and enterprises worldwide. It operates through six segments: Ooredoo Qatar, Asiacell, NMTC, Indosat Ooredoo, Ooredoo Oman, and Ooredoo Myanmar. Ooredoo QSC offers cellular, wireless, mobile and fixed telecommunication, multimedia, data communication, broadband, Internet leased lines, intracity and intercity leased lines, MPLS IPVPN, and Internet services. It also provides machine-to-machine, cloud, and mobile applications. The company offers its services primarily in Qatar, Iraq, Kuwait, Indonesia, Oman, and other parts of the Middle East and North Africa.

Company Headquarters: Turkey Founded: 1993 Workforce: ~ 10,000 Company Working: Turkcell is a converged telecommunication and technology services provider. It serves its customers with voice, data, TV and value-added consumer and enterprise services on mobile and fixed networks. The company is engaged in the provision of communication and technology services. It operates through the following segments: Turkcell Turkey, Turkcell International, and other. The Turkcell Turkey segment includes the operations of information and entertainment services in Turkey and Azerbaijan, and of non-group call centers. The Turkcell International segment includes the telecommunications operations in a number of emerging market geographies. All other segment specializes in consumer financing services, information, and entertainment services. The company has a presence in Turkey, Ukraine, and Belarus.

Company Headquarters: Sweden Founded: 2006 Workforce: 30 Company Working: Heliospectra AB (Heliospectra) develops and manufactures intelligent lighting solutions for greenhouses and controlled growth environments. Some of the crops that use intelligent lighting systems are cannabis, cereals, lettuce, dionysia, oregano, parsley, tomato, and coriander. Apart from lighting fixtures the company also markets control software. HelioCORE control software let growers apply customized lighting strategies across the production and harvest cycle. Other technical services offered by the company include customizing lighting strategies, utility rebate, commercial crop trials, cultivating team training, custom spectrum design, installation design, and power analysis.

Company Headquarters: US Founded: 1940 Workforce: 15300 Company Working: Air Products and Chemicals, Inc is one of the leading industrial gases company in the world. The company engages in providing atmospheric and process gases, and related equipment to refining and petrochemical, metals, electronics, and food and beverage markets. The products offered by the company serve the food and beverages, medical, energy, and transportation industries. Air products has its operational units in 50 countries with more than 750 production facilities globally.

Company Headquarters: Turkey Founded: 1995 Workforce: ~ 10,000 Company Working: Turk Telekom engages in the provision of local, national, international, and mobile telecommunication services, Internet product, and services. It operates through the following segments: fixed-line and mobile. The fixed-line segment services are provided by Turk Telekom, TTNet, Argela, Innova, Sebit, Sober, AssisTT, and Pantel Group. This segment provides value-added services besides voice and data services for its corporate and retail customers through its extensive fixed-line telecommunications network. The mobile segment service is provided by Avea. This segment provides mobile communications services, including prepaid, postpaid, and value-added voice services. The company has a wide service network and product range in the fields of individual and corporate services, Türk Telekom unified its mobile, internet, phone, and TV products and services under the single Türk Telekom brand as of January 2016.

Company Headquarters: Belgium Founded: 1992 Workforce: ~10,000 Company Working: The Proximus Group is a telecommunication and ICT company, which caters to consumers, businesses, and the public sector. The company is the leading provider of telephony, Internet, television and network-based ICT services through Proximus and Scarlet brands. The Proximus Group operates its business through the following segments: consumer business unit (CBU), enterprise business unit (EBU), technology unit (TEC), wholesale unit (WU), international carrier services (ICS), and staff and support (S&S). The CBU segment sells voice products and services, Internet and television, both on fixed-mobile networks. The EBU segment markets information and communication technology services and products to professional customers under the Proximus and Telindus brand names. The TEC segment centralizes all network and costs and supplies. The company’s advanced interconnected fixed and mobile networks offer access anywhere and anytime to digital services and data, as well as to a broad offering of multimedia content. The company invests in future-proof networks and innovative solutions, creating the foundation for sustainable growth.The company also contributes to the economic, social, and environmental development of the society.

Company Headquarters: US Founded: 1863 Workforce: ~1000 Company Working: Hubbell is one of the prime manufacturers of LED products and solutions. The company has been manufacturing its industrial luminaires for more than 40 years and serves several industries. The company also holds more than 30 patents in the industrial lighting and luminaires business. Hubbell has a plethora of brands providing products for healthcare lighting, outdoor lighting, horticulture lighting, and agriculture lighting solutions. Hubbell Industrial Lighting is an electrical business division of Hubbell Inc.; this business division generated nearly USD 2.7 billion in 2018.

Company Headquarters: Germany Founded: 1919 Workforce: 1,500 Company Working: Osram Licht AG is one of the leading manufacturers and sellers of lighting products. The company operates in specialty lighting, opto semiconductors, and lighting solutions and systems. The products in specialty lighting include lamps and lighting systems used in the automotive sector as well as for stage, cinema, and studio lighting applications. The plant cultivation systems and special lamps are used for industrial and medical applications. The opto semiconductors segment manufactures LEDs, laser, infrared, and optical sensors. The lighting solutions and systems segment offers LED light engines, electronic ballasts for LED modules and traditional lamps, and light management systems. The company owns various business units such as Light is OSRAM, Osram Opto Semiconductor, Osram Continental, OSRAM SYLVANIA Inc., Traxon Technologies, e:cue, Digital Lumens, Inc., Fluence Osram, Clay Paky SpA, Fluence Osram, Clay Paky SpA, BAG electronics GmbH, Vixar Inc. All the brands provide lighting solutions in various segments. The company has a presence in almost all regions in the world.

Company Headquarters: Japan Founded: 1946 Workforce: ~900 Company Working: Ikegami Tsushinki Co., Ltd manufactures and sells broadcasting and telecommunications equipment. The company provides broadcast use TV camera systems, broadcast video production, broadcast color monitors, and processing systems, security surveillance TV camera systems, outside broadcast vans, medical electronic camera systems, and vision inspection equipment and systems. The company has a presence in North America, Europe, and Asia.

Company Headquarters: US Founded: 1911 Workforce: ~3000 Company Working: GE Lighting is a subsidiary of General Electric, specialized in providing lighting fixtures. The company offers electric lamps, bulbs, auto lights, and other lighting products. GE Lighting provides innovative and efficient products. The lighting systems can be controlled by smartphones using the GE App. The smart LED bulbs offered by the company are used with google devices in which customers can connect and control lighting systems without any hub and bridge. It uses Google Home app which is compatible with Google Assistant and Amazon Alexa with iOS and Android smart devices. It has high presence in the Americas, Europe among others.

Company Headquarters: Netherlands Founded: 1938 Workforce: ~29,000 Company Working: Koninklijke Philips N.V is one of the leading health technology company focused on improving people's health and enabling better outcomes across the health continuum from healthy living and prevention, diagnosis, and treatment, to home care. Signify Holding is a subsidiary of Philips which provides lighting control systems. It is the leading company in lighting for professional, consumer, and Internet of Things applications. It provides high-quality, energy-efficient lighting products, systems, and services to the customers. The company's product portfolio includes luminaires, lamps, light-emitting diode (LED) lamps, and LED tubes, and decorative lighting. Signify has partnered with more than 100 universities. The company has made intelligent lighting in which IoT platform enables connected lighting systems and embedded sensor networks. Signify has presence mainly in Europe, the Americas, as well as other international markets.

### Employee trend (consolidated global, headcount) *Note: Korea-based figures for 2022–2023 are derived from the Sustainability Report series and should be treated as indicative; the 2024 figure of 125,297 is directly disclosed. FY2025 headcount not disclosed in sources reviewed.* ### Positioning statement (150 words) Samsung Electronics is the world's largest memory semiconductor manufacturer, the largest smartphone vendor by unit volume for fifteen consecutive years, and the largest television vendor by revenue for twenty consecutive years. Structurally it is two companies bolted together: a capital-intensive, deeply cyclical component business (memory, foundry, logic, displays) and a scale-driven finished-goods business (smartphones, TVs, appliances, networks, automotive audio). That duality has historically smoothed revenue but concentrated profit volatility in memory. In 2025–2026 the concentration became extreme in the company's favour: the AI infrastructure build-out drove memory pricing to unprecedented levels, lifting operating profit from KRW 6.6 trillion in FY2023 to an annualised run-rate above KRW 290 trillion by Q2 2026. Samsung is now attempting to convert a cyclical windfall into structural advantage — funding 2nm foundry, HBM4/HBM4E, advanced packaging, HVAC, robotics and healthcare — while defending a mobile franchise squeezed by its own component prices. --- ### 2.1 The company's own characterisation From the 2025 Business Report: Samsung Electronics comprises a headquarters in Korea and 308 subsidiaries worldwide, organised into the Device eXperience (DX) Division, the Device Solutions (DS) Division, Samsung Display Corporation (SDC) and its subsidiaries, and Harman International Industries, Inc. and its subsidiaries. The company describes its structure as "a two-pronged framework consisting of finished products businesses and component businesses." The DX Division produces and sells TVs, monitors, refrigerators, washing machines, air conditioners, smartphones, computers and network systems. The DS Division manufactures and sells DRAM, NAND flash and mobile application processors, and operates a contract semiconductor manufacturing (foundry) business. SDC manufactures and sells display panels, principally mobile OLED. Harman supplies automotive electronics — digital cockpits, car audio, telematics — and consumer and professional audio. ### 2.2 Independent characterisation Samsung is best understood as a vertically integrated hardware conglomerate that monetises the same underlying manufacturing competence at three different points in the value chain simultaneously, and that has, in the current cycle, become overwhelmingly a supplier rather than a brand. **Value chain position.** Samsung is simultaneously (a) an upstream component merchant selling DRAM, NAND, image sensors, application processors, foundry wafers and OLED panels to the entire electronics industry including its own direct competitors; (b) a mid-stream integrator assembling those components into branded devices; and (c) a downstream consumer brand with retail, carrier and e-commerce distribution. The 2025 Business Report discloses that the top five customers — listed alphabetically as Alphabet, Apple, Deutsche Telekom, Hong Kong Techtronics and Supreme Electronics — accounted for approximately 15% of total sales. Two of those five (Alphabet, Apple) are direct competitors in the smartphone market and simultaneously among Samsung's largest component customers. This co-opetition is the defining structural feature of the business model. **Revenue model.** Samsung is a product company. Per the 2025 Business Report, products accounted for KRW 314,717.1 billion of FY2025 revenue and services and other revenue (including royalty income) for KRW 18,888.8 billion — a 94.3%/5.7% split. The services line more than doubled year on year, from KRW 7,509.2 billion in FY2024, driven principally by royalty and licensing income and by the expansion of Samsung TV Plus advertising and subscription-based appliance services. There is no meaningful recurring-subscription revenue base at group level; management has flagged D2C and subscription models as a 2026 growth pillar for the Digital Appliances business, but from a very small base. **Sales channel mix (global, FY2025, per Business Report):** special/direct sales 54%; retail 22%; wholesale 15%; other 9%. The heavy weighting to "special/direct" reflects B2B component sales to OEMs and carriers. **Customer types.** (i) Hyperscale cloud and AI infrastructure operators buying HBM, server DRAM and enterprise SSDs — the profit engine in 2025–2026; (ii) fabless semiconductor designers and system companies buying foundry wafers and advanced packaging; (iii) consumer electronics OEMs buying panels, sensors and memory; (iv) telecommunications carriers buying network equipment and distributing handsets; (v) automotive OEMs buying digital cockpits, audio systems and, increasingly, memory and central compute units; (vi) retail consumers buying Galaxy devices, TVs and appliances; (vii) commercial and industrial buyers of HVAC, display signage and medical imaging. **End markets served.** AI data centres, enterprise servers, cloud storage, PCs, smartphones, tablets, wearables, XR, televisions, home appliances, HVAC and building systems, automotive infotainment and ADAS, telecommunications infrastructure, professional audio, medical imaging, and — via recent acquisitions — digital health platforms and collaborative robotics. **Pricing dynamics.** Per the 2025 Business Report, average selling prices in FY2025 versus the prior-year average moved as follows: memory +14%; TVs -5%; smartphones -3%; smartphone OLED panels -6%; digital cockpits broadly flat. That single line explains the year: the component business took price while the finished-goods business gave it back. In 2026 the divergence widened sharply, with memory pricing accelerating further and the MX Business swinging to an operating loss in Q2 2026 under component cost pressure — much of it paid to Samsung's own DS Division and to competitors. ---

Company Headquarters: Japan Founded: 1924 Workforce: ~5,400 Company Working: TAMURA Corporation manufactures and sells electronic equipment and components. The company operates through the four business segments—electronic components, electronic chemical implementation, information equipment, and others. The electronic components segment handles the production of transformers, piezoelectric ceramic products, adapters, switching power supply units, and light-emitting diodes. The electronic chemical implementation segment specializes in providing flux, soldering pastes, liquid resists, and automatic soldering equipment. The information equipment produces communication network equipment, wireless microphones, and information application equipment. The others segment includes transportation, warehousing, and insurance businesses.

1.1.1 Business Overview Company Headquarters: Israel Founded: 1987 Workforce: 1,012 Company Working: Gilat Satellite Networks is one of the leading providers of products and services for satellite-based broadband communication networks. The company offers a range of broadband satellite solutions that include very small aperture terminals (VSATs) to service providers, system integrators, government and defense organizations, corporations, and enterprises. The company operates its business through three segments, namely fixed networks, mobility solutions, and terrestrial infrastructure projects. Under the fixed networks division, the company offers advanced fixed broadband satellite communication networks, satellite communication systems, and associated professional services, and fully-managed satellite network service solutions. The company’s customers are service providers, satellite operators, mobile network operators, telecommunication companies, and large enterprises, consumers, and government entities worldwide. The mobility division includes on-the-move/on-the-pause satellite communication products and solutions to system integrators, defense, and homeland security organizations. The division also offers a solution named Wavestream which provides its products mainly to the system and defense integrators. Moreover, the company's subsidiaries include Gilat Satellite Networks (Holland) B.V., Gilat Colombia S.A. E.S.P, Gilat to Home Peru S.A, Gilat do Brazil Ltd, Gilat Satellite Networks (Mexico) S.A. de C.V., Wavestream Corporation, Gilat Australia Pty Ltd., Gilat Satellite Networks (Eurasia) Limited Liability Company, Gilat Satellite Networks MDC (Moldova), Raysat Bulgaria EOOD and Gilat Satellite Communication Technology (Beijing) Ltd. It operates in four geographies namely Asia-Pacific, North America, Europe, the Middle East and Africa, and South America. Gilat Satellite Networks primarily follows both organic and inorganic growth approaches in the Enterprise VSAT market. This company focuses on innovating products and services offered to its customers through research and development and technological excellence. The launch of AeroEdge 6000, a highly efficient, high-performance terminal for commercial in-flight connectivity is one such instance that helps to strengthen its product portfolio of fixed network and mobility solution segments. It also emphasizes on strategic partnership and collaboration, which allows the company to increase its geographical presence in the Americas and Europe.

Company Headquarters: Ireland Founded: 2007 Workforce: ~25,000 Company Working: Trane is a business of Ingersoll Rand PLC, one of the leading players in developing and maintaining safe, comfortable, and efficient environments in commercial, residential, and industrial sectors. It manufactures, supplies, and services heating, ventilation, and air conditioning (HVAC) systems and controls for commercial, residential, institutional, and industrial markets, worldwide. Additionally, the company offers heating and cooling products such as air conditioners, electric wall heaters, gas and oil furnaces, heat pumps and ductless systems. Moreover, it offers reliable, high-quality, and innovative products, systems, and services for use in premium commercial, residential, institutional, and industrial markets. Through its product segment, the company offers products such as air conditioners, air handlers, furnaces, heat pumps, geothermal systems, and ductless systems, for the residential sector. Additionally, it conducts manufacturing and assembly operations in 51 plants across North America, Asia-Pacific, Europe, the Middle East, and Latin America.

1.1.1 Business Overview Company Headquarters: Singapore Founded: 1974 Workforce: ~25,000 Company Working: Singapore Telecommunications Limited (Singtel) is one of the leading providers of multimedia and information communication technology (ICT) solutions including voice, data, and video services over fixed and wireless platform. The company operates through three business segments namely group consumer, group enterprise and group digital life. The group consumer segment includes next-generation communications, infotainment, and technology services across Asia-Pacific and Africa. The segment also includes mobile network services, pay TV, fixed broadband and voice services. The group enterprise segment includes integrated ICT solutions that include mobile and related accessories, fixed voice and data, managed services, cloud computing, cybersecurity, IT, and professional consulting. The segment offers its services over fixed and mobile networks, data centers. Moreover, the group digital life services segment is focused on three specific areas that cover digital marketing, advanced data analytics and intelligence, and premium over-the-top (OTT) video. The group has businesses across Asia-Pacific, North America, Europe, and the Middle East and Africa. Singtel aims at improving its technical capabilities of subsidiaries such as Optus Group, Bharti Airtel, and AIS. This help the company to strengthen its presence in the Asia-Pacific and European region. For instance, Singtel aims at transforming its Optus Group into a digital organization that offers converged fixed, mobile, and video services. This helps the Optus Group to enhance its service offerings and strengthen its market position in Australia. Additionally, Singtel believes in strategic partnerships to provide innovative solutions to its customers to deliver exciting digital lifestyle products and services. It also focusses on investment in supporting the growth of IoT and 5G initiatives in the next few years.

Company Headquarters: US Founded: 1993 Workforce: 11,870 Company Working: Red Hat is one of the leading providers of open source software solutions. Its product portfolio includes operating system, virtualization, middleware, storage, cloud, and mobile technologies. It provides its software-based offerings in the form of annual or multi-year subscriptions. The company operates across North America, South America, Europe, Asia, and Australia. The company’s division, Red Hat cloud offers software that enables its customers to make and manage different cloud computing environments, including Red Hat Enterprise Linux OpenStack Platform, Red Hat Cloud Infrastructure, OpenShift by Red Hat, Red Hat Cloudforms, and Ansible Tower. The company also engages in providing various services like consulting to help its customers enable infrastructure, application integration, middleware, cloud, mobile and storage solutions. Additionally, its support services provide customers with technical support to assist with the implementation of its services

Company Headquarters: US Founded: 1998 Workforce: 6,189 Company Working: Rackspace provides managed cloud solutions that include public cloud infrastructure to organizations across the world. In 2016, the company was acquired by Apollo Global Management, LLC., a global alternative investment management company. Furthermore, Rackspace also offers wide portfolio of cloud-based enterprise solutions that include application management, business intelligence, database management, e-commerce and digital experiences, email hosting, enterprise resource planning (ERP), and website hosting. It offers products under four categories namely public cloud, private cloud, managed hosting, and email hosting. Under the public cloud category, it offers access to IT resources for its clients by minimizing the cost of hardware and datacentre management. The company provides services on various public cloud platforms including Microsoft Azure Cloud, Google Cloud Platform, OpenStack Public Cloud, Alibaba Cloud, Amazon Web Services (AWS), and Government Public Cloud. The private cloud category offers its clients with enhanced levels of control and security in a dedicated environment. The company operates in the US, the UK, the Netherlands, Switzerland, Hong Kong, Australia, and Mexico.

Company Headquarters: US Founded: 1988 Workforce: ~1,250 Company Working: Harmonic Inc. designs, manufactures, and sells video infrastructure products and system solutions worldwide. The company operates through two segments—video and cable edge. Under the video segment, the company sells video processing and production; and playout solutions and services to broadcast and media companies, streaming media companies, cable operators, and pay television (TV) service providers. The cable edge business sells cable edge solutions and related services to cable operators around the world. Also, the company provides technical support and professional services to its customers around the world. Its products enable customers to create, prepare, and deliver a range of video and broadband services to consumers on their devices such as television sets, personal computers, laptops, tablets, and smartphones.

Company Headquarters: Stockholm, Sweden Founded: 1947 Workforce: ~177,000 Company Working: H&M Hennes & Mauritz GBC AB manufactures and sells clothing, footwear, cosmetics, home textiles, bags, and a wide range of accessories. The company offers these products under its brands H&M, COS, Weekday, Monki, H&M HOME, & Other Stories, ARKET, and Afound. The company sells its products u through approximately 5,000 online and retail stores.

1.1.1 Business Overview Company Headquarters: US Founded: 1971 Workforce: ~2,200 Company Working: Hughes Network Systems LLC (Hughes Network Systems), is a wholly owned subsidiary of Echo Star Corporation, and engaged in the provision of broadband satellite network services and systems to the consumer and enterprise markets. The company’s offerings include broadband network products and related services, managed services, satellite services, and communications solutions for aerospace, enterprise, and government customers. It also manufactures and installs gateway and terminal equipment for other satellite systems. It also offers telecommunication networks that include satellite ground systems and terminals to mobile system operators and enterprises. Additionally, the company also develops turnkey satellite ground systems for mobile system operators. The segment offers engineering terminals, ground-based beam forming equipment, base station solutions, radio access networks, other subsystems, and broadband products for point-to-multipoint microwave radio network systems. Geographically, the company operates in the Americas and the rest of the world. Hughes Network System LLC focuses on increasing its revenue by enhancing its existing satellites and launching new satellites through partnerships and joint ventures. The company also emphasizes on the development of S-band and other hybrid spectrum resources that allow Hughes Network System to maintain a strong position in the European market with the help of wide mobile satellite service (MSS)/complementary ground component (CGC) network and increase its return on investment (RoI) on S-band spectrum in Europe and other regions.

Company Headquarters: Wisconsin, US Founded: 1891 Workforce: ~10,000 Company Working: Rexnord Corporation (Rexnord) offers customers a broad portfolio of products including gear drives, bearings, couplings, industrial chain, brakes, and a wide range of conveyor components. Its products and services are used in industries such as marine, automotive, cement, transportation, mining, energy, and food & beverage. The company operates through two business segments, namely, process & motion control and water management. It provides industrial gearbox components under its process & motion control segment. Rexnord Corporation has manufacturing, warehousing, and repair services to customers across six continents. It has a presence in countries such as the US, Italy, Germany, Australia, Brazil, Canada, Chile, China, India, Mexico, and South Korea. RBS GLOBAL INC, Rexnord Industries, LLC, Rexnord Canada Ltd., ZURN PEX INC, Precision Gear Holdings, LLC, and Rexnord-Zurn Holdings, Inc. are some of the subsidiaries of the company.

Company Headquarters: Illinois, US Founded: 1974 Workforce: ~2,913 Company Working: Nidec-Shimpo Corporation, a subsidiary of Nidec Group, which is one of the largest manufacturers of brushless DC motors and a large number of motor technologies. It also manufactures high precision power transmission drives and specializes in speed reducers. The company provides transmission drives for servo motors and high-speed and high-precision automatic press machines along with measuring instruments and pottery equipment. It caters to a wide range of end-use industries such as machine tools, aerospace, food & beverage, robotics, assembly & test, material handling, medical/pharma, and printing. The company offers industrial gearbox under five of its segments, which are small precision motors, automotive, appliance, commercial and industrial products, machinery, electronic & optical components, and others. Nidec-Shimpo Corporation has a wide presence, across the globe. It serves clients in countries such as Mexico, Brazil, France, Spain, China, South Korea, and India. The company has five major competitors in the market, which are Siemens, Sumitomo Heavy Industries Ltd, Watt Drive Weg Group, Bonfiglioli, and Schneider Electric.

Company Headquarters: Canada Founded:1993 Workforce: ~1400 Company Working: Sierra Wireless is a provider of cellular wireless solutions to the machine-to-machine (M2M) and connected device markets. The company develops wireless products that include embedded modules and embedded software for original equipment manufacturers (OEMs). The company operates in three reportable segments namely original equipment manufacturer (OEM) solutions, enterprise solutions, and IoT services. The OEM solutions segment provides short-range wireless modules, software, tools, and cellular embedded modules for Internet of Things (IoT) connectivity, including an embedded application framework to support customer applications. The company provides standards-based wireless technologies and support for OEM customers across a broad range of industries, including automotive, energy, mobile computing, enterprise networking, transportation, healthcare, security, industrial monitoring, field services, sales and payment, and smart home. The enterprise solutions segment provides routers and gateways, including management tools and applications that enable cellular connectivity. The company markets its AirLink gateways and routers through channel partners across the world. The IoT services segment offers a secure and scalable cloud platform for deploying and managing IoT subscriptions, global cellular connectivity services, and managed broadband cellular services. The company operates in the Americas, Europe, the Middle East and Africa, and Asia-Pacific.