ABB has agreed to acquire the mission-critical communication business of the Keymile Group to strengthen its communication networks portfolio, the company said.
The acquisition will bring with it key products, software and service solutions, as well as research and development expertise.
These will further enhance ABB´s industry-leading digital offering, ABB Ability, by adding extremely reliable communications technologies that are essential to maintain today´s dynamic and complex digital electrical grids.
The transaction is expected to close during the third quarter of 2017. Both parties have agreed not to disclose the value of the deal.
ABB (ABBN: SIX Swiss Ex) is a pioneering technology leader in electrification products, robotics and motion, industrial automation and power grids, serving customers in utilities, industry and transport & infrastructure globally. Continuing more than a 125-year history of innovation, ABB today is writing the future of industrial digitalization and driving the Energy and Fourth Industrial Revolutions. ABB operates in more than 100 countries with about 132,000 employees.