ABB acquires communications network business
2017-07-06 - Ted Magazine article - July 5, 2017ABB announced it has agreed to acquire the mission-critical communication business of the Keymile Group to strengthen its communication networks portfolio. 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.
Keymile is headquartered in Hanover, Germany with 350 employees globally and was founded in 2002 through a merger of three technology companies in Austria, Germany, and Switzerland. It is a leading manufacturer of mission-critical and broadband telecommunication solutions, with installations across 100 countries.
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