Prysmian to Acquire General Cable for $3B

Prysmian Group (BIT: PRY) and General Cable Corporation (NYSE: BGC) today announced that they have entered into a definitive merger agreement under which Prysmian will acquire General Cable for $30.00 per share in cash. The transaction values General Cable at approximately $3 billion, including debt and certain other General Cable liabilities, and represents a premium of approximately 81% to the General Cable closing price of $16.55 per share on July 14, 2017, the last day…

Jaggaer - digital procurement survey

Are You Ready for Digital Procurement?

The answer is not yet, according to a new survey released by JAGGAER in cooperation with the Austrian Association for Supply Chain Management, Procurement and Logistics (BMÖ). Although the survey finds a majority of companies wary of using the newest technologies, including blockchain, robotic process automation (RPA), and digital assistants/chatbots in their procurement organizations, they…

‘Ask Avnet’ Intelligent Agent Available in the Americas

Avnet, a leading global technology distributor, today announced that its “Ask Avnet” intelligent agent has moved into open beta, providing access to anyone in the Americas who visits Avnet.com to the diverse engineering knowledge base across the Avnet ecosystem, including Avnet, Hackster.io and element14. The first platform of its kind in electronics distribution, Ask Avnet is a tool that combines artificial intelligence (AI) and human…

ECIA Names New VP

ECIA announces Don Elario will lead its new Global Industry Practices Council, as Vice President of Industry Practices. The GPIC replaces the Supply Chain Council, as announced previously. “Don Elario brings a wide array of skills to this very important initiative,” explained Victor Meijers, ECIA senior vice president. “His career spans 40 years in the industry,…