One of Eurotherm’s best-known product lines are its paperless recorders Schneider Electric is selling its UK-headquartered Eurotherm business to Watlow the US designer and manufacturer of industrial thermal systems Eurotherm supplies temperature UK and it has manufacturing operations in Lędziny Watlow is a global manufacturer of thermal products and systems that employs more than 4,200 people in 13 manufacturing facilities and five technology and development centres in the US “Combining Eurotherm’s complementary controls technologies with Watlow’s focus on thermal systems our shared engineer-to-engineer sales models and our focus on common markets will allow Watlow and Eurotherm to better serve all of our respective customers,” says Watlow’s CEO “We are impressed with Eurotherm’s heritage in the controls industry and strong reputation for innovation and quality so we are looking forward to welcoming the Eurotherm team to Watlow “Watlow is investing aggressively right now including development of our operations in Europe and Asia to ensure we can support and respond to our customers wherever they need us,” he adds “This acquisition will help us expand our presence in Europe and extend our electronics and controls capabilities globally.” “We are very pleased to be joining the Watlow team,” says Eurotherm’s managing director and I believe that combining our strengths will open new opportunities and create value for our customers.” Eurotherm was founded in Worthing in 1965 and soon launched the world’s first solid-state controller it set up several independent companies including Chessell to manufacture data recorders and Turnbull Control Systems (TCS) to produce process control systems it established Shackleton Systems Drives (SSD) – at the time the UK’s biggest manufacturer of variable-speed drives and controls Eurotherm’s technological milestones include solid-state relays in 1981 and the first microprocessor-based power controllers in 1989 Eurotherm’s holding company went public and by 1989 Eurotherm International controlled a network of subsidiaries around the world Eurotherm Recorders (previously Chessell) and Eurotherm Process Automation (previously TCS ) Eurotherm was acquired by Siebe plc – later to become Invensys the troubled Invensys sold Eurotherm Drives to a management team for $145m and its Rexnord power transmission businesses to the US-based equity firm together raising more than $1bn to help cut its debt Eurotherm Drives returned to its roots and renamed itself SSD Drives The following year the business was sold to Parker Hannifin there had been rumours that Invensys was going to buy the French equipment group Schneider Electric but in the end it was Schneider that bought Invensys – including the Eurotherm business – in 2014 Schneider is selling the controls activities to Watlow Eurotherm:  Twitter   LinkedIn  Facebook Watlow:  Twitter  LinkedIn  Facebook Schneider Electric:  Twitter  LinkedIn  Facebook GLP Lędziny park is a 110,000 sqm centre that has direct access to the S1 expressway We chose the building for its unique quality standards as it offers sustainability and easy access to the main regional roads which is convenient for suppliers as well as our own logistics operations and employees We also recognise GLP’s experience as an industrial property developer and manager that is committed to maintaining long-term partnerships with its clients.Krystian Boryń CA Immo exits non-core market Serbia with the sale of the 19,600 sqm office building Sava Business Center in Belgrade Both the sales price and the buyer are subject to confidentiality As the PBSA sector finally takes off in Poland it is now increasingly attracting international operators and investors Eurobuild CEE spoke to Xior's investment manager about why it has such confidence in the Polish market Residential developer Develia has signed a preliminary agreement to acquire all the shares in Bouygues Immobilier Polska the Polish subsidiary of Bouygues Immobilier ESA logistika has leased 15,000 sqm in Prologis Park Piotrków GLP has completed the development of its Wrocław V Logistics Centre and has received a BREEAM rating of Outstanding Panattoni has secured EUR 40 mln in financing from BNP Paribas for the development of Panattoni Park Sosnowiec IV Newgate Investment (NGI) and Redkom Development are developing a large retail park in Bydgoszcz Deutsche Hypo – NORD/LB Real Estate Finance has provided a five-year green loan to Olivia Seven for the refinancing of the Olivia Prime A office building in Gdańsk-Oliwa communications and security company Motorola Solutions has signed a five-year lease renewal 18,000 sqm at the Green Office complex in Kraków’s Podgórze district Falling interest rates and easing monetary policy across the eurozone and CEEi are boosting investor confidence in the region’s commercial real estate market reveals Colliers in its ‘Beyond Real Estate | Economy’ report Panattoni is to build the Panattoni Park Mainz Süd in Erbes-Büdesheim bei Alzey Axi Immo has presented its latest report “Warsaw Office Market – Q1 2025 The market opened in 2025 on a steady footing with a notable increase in leasing activity and a modest decline in vacancy landlords continue to focus on upgrading existing assets and prioritizing quality over quantity Convenience store chain Żabka has officially opened a new logistics centre in Kąty Wrocławskie The first stage of the development will serve 1,500 stores in the Wrocław area Romanian Post has leased over 5,000 sqm of logistics space in CTPark Bucharest to serve as its temporary regional courier and logistics hub for Bucharest JLL has announced the sale and leaseback of two properties by a manufacturing company in a deal worth over PLN 1 bln Warehouse developer CTP is adding 2,000 sqm to its Clubco coworking development in Brno pbb Deutsche Pfandbriefbank has extended an investment facility to PineBridge Benson Elliot for the Diuna Office Park in Warsaw The hotel market in Bucharest continued its recovery in 2024 while the ADR has finally surpassed the milestone of EUR 100 Torus has announced its All.inn students’ residence concept that is soon to appear on ul which specialises in temperature-controlled goods is to enlarge its freezer warehouse in Radomsko by an additional 4,800 sqm it will be the company's largest distribution centre in Poland Footwear retailer Deichmann has prolonged its lease of 21,000 sqm in Prologis Park Wrocław III The company has been in the park since 2011 The grand opening of DPD's 18,000 sqm logistics hub at Segro Logistics Park Stryków took place on 14 April 2025 The courier company currently leases a total of more than 35,000 sqm across Segro's portfolio in Poland The largest Polish ice cube manufacturer has increased the space it leases at the MLP Pruszków II warehouse complex to 7,200 sqm an Oligocene well has been drilled to meet the tenant's needs Peakside Capital Advisors and Partners Group have laid the cornerstone for the City Point Okęcie logistics centre Panattoni has completed the expansion of Panattoni Park Koluszki in Central Poland and obtained an occupancy permit Axi Immo has presented its latest market analysis in the special publication "Central Poland Industrial Snapshot" the region recorded a historic high in industrial and logistics leasing activity A 15,300 sqm hi-tech production hall has opened in Debrecen developed by Panattoni Hungary and the OTP Real Estate Investment Fund a company that specialises in LED light therapy and pharmaceuticals distributor Avenier have both signed leases for space in CTPark Plzeň Kasárny Mito Light is to take up 556 sqm while Avenier has leased 588 sqm with the handover planned for the autumn of 2025 With warehouse and industrial stock of nearly 35 mln sqm Poland’s market has stabilised at a healthy level Logistics operator DB Schenker has leased an additional 9,800 sqm in the Hillwood Rawicz logistics centre The tenant has been operating from the centre since the autumn of last year when it opened a service centre with an area of over 17,000 sqm for a manufacturer of optical products More than 2.6 mln sqm of industrial and logistics space was delivered across Poland in 2024 according to BNP Paribas Real Estate Poland’s latest report "At a Glance While this was below the new supply levels recorded in previous years Spring has very much sprung and everywhere is bathed in the first warm sunshine of the year I have in the back of my mind the terrifying fo .. The Polish warehouse market has finally stabilised after the post-pandemic boom but new challenges and opportunities are on the horizon for the sector UBM Development has been given the go-ahead for the first wooden office building in Poland: Timber Park in Poleczki Business Park in Warsaw The office market in Warsaw is currently experiencing a period of stability in terms of supply and take-up Recent data on overall tenant activity indicates that clients in the cap .. Receive all the latest information from the world of real estate by e-mail the construction of the Aura residential building designed by Robert Konieczny's office KWK Promes According to a report by research company Spectis “Construction companies in Poland 2025-2030” the total revenues of the 300 leading construction gro .. The Globalworth Foundation has provided the authorities in Bucharest with office space for a Covid vaccination centre Panattoni BTS and Commercecon together support the establishment of the second Centaurus Foundation centre in Poland to help horses and other animals intends to focus on operations in other reg .. Six class A office buildings in the PRO Portfolio which is jointly owned by PineBridge Benson Elliot and Sharow Capital have been granted BREEAM In-U .. Who won this year's 14th edition of the Eurobuild Awards The jury and guests gathered at the Double Tree by Hilton hotel in Warsaw chose this year's .. Enjoy the last set of recordings with comments straight from this year's MIPIM we asked experts from our home country for their input will take place on 9-10 April 2025 at the Norblin Factory Event Hall in W .. we invite you to hot episode of the "Eye to eye" podcast The UN Nansen Refugee Award award will go to Poland for the first time According to the office of the UNHCR High Commissioner this year's regional wi .. Czech developer CTP has been granted a EUR 200 mln loan from the European Investment Bank for the roll-out of its large-scale solar panel installation .. while the ADR has finally surpassed the milestone .. Jarosław Szanajca plans to resign from the position of president of the management board of Dom Development at the end of the year and join the superv .. The Polish and Danish governments have entered preliminary discussions for the construction of a tunnel between Szczecin and Copenhagen underneath the .. Viterra has moved into its ​​new 1,500 sqm offices in Olivia Prime part of the Olivia Centre business complex in Gdańsk Panattoni has acquired two properties near Gothenburg The brownfield sites will be replaced by a modern 43,000 sqm facility Contemporary cities are grappling with the challenge of fostering dynamic growth while alleviating environmental pressures Colliers has taken over the management of the Studio B office building located in the Warsaw Wola district The property is owned by Stena Real Estate .. The University of Warsaw has signed a contract with the general contractor for a project at ul The new building will house the faculti .. Velis Real Estate Tech is officially changing its name to Singu adopting the title of its property management product the construction of the Panattoni Park Unterfranken has officially started