Press release 2025-03-11 ABB invests in DG Matrix to advance AI data center power optimization ABB has acquired a minority stake in North Carolina company DG Matrix to support the commercialization of solid-state power electronics for generative AI data centers and renewable microgrids. The company’s Power Router platform replaces conventional systems with an all-in-one solution that is up to five times smaller and has best-in-class energy efficiency of 98 percent. Financial details of the
US Press Release 2025-03-03 ABB to invest $120 million to expand US manufacturing ABB announced today that it will invest $120 million in the United States to expand the production capacity of its low voltage electrification products. The investment will enable ABB to meet increasing demand from customers in a wide range of key growth industries, including data centers, buildings and utilities. ABB expects to create 50 new jobs at a new advanced manufacturing facility in
Press release 2025-02-25 ABB introduces ReliaHome™ Smart Panel with PanelGuard technology for smarter, more efficient home electrification Today, ABB has announced the launch of ReliaHome™ Smart Panel with Panel Guard technology, an innovative load management algorithm that ensures homes stay within their electrical capacity. Managed through a convenient mobile app, it makes all-electric homes more efficient and easier to achieve. Unveiled at the NAHB International Builders' Show® (IBS) in Las Vegas – the world’s largest residential
Press release 2025-02-17 NASCAR powers new electric vehicle chargers NASCAR, in collaboration with Florida Power & Light Company’s (FPL) EVolution commercial charging solutions and ABB, today announced the installation of 30 level 2 electric vehicle (EV) chargers at its Daytona Beach headquarters. This signifies a step forward in the organization’s commitment to sustainability through NASCAR IMPACT, a plan that aims to reduce NASCAR’s carbon footprint to zero
Press release 2025-01-14 ABB expands residential energy management portfolio in North America with Lumin acquisition ABB announced today the acquisition of Lumin, a U.S.-based pioneer and leading provider of responsive energy management systems, to expand its home energy management capabilities in the North American residential sector. The acquisition follows a strategic minority investment by ABB into the company in 2023. Financial terms of the transaction were not disclosed. The acquisition brings Lumin's
Group press release 2024-12-03 ABB acquires Solutions Industry & Building to expand its cable protection systems ABB announced today it has acquired Solutions Industry & Building (SIB), a leading manufacturer of construction industry building products and premium cable glands used to protect critical electrical equipment in industrial, railway and hazardous environment applications. The acquisition of SIB strengthens ABB’s presence in rail, mining, OEM and specialty markets across Europe, the Middle East and
Press release 2024-11-21 ABB completes second investment in edge-to-cloud solution provider Pratexo ABB has completed a second strategic investment in US-based technology company Pratexo, an edge-to-cloud software solution provider. The deepening collaboration between both organizations comes as companies continue to shift from centralized cloud to edge computing and hybrid edge-to-cloud solutions for better operational technology management. Financial details of the investment were not
US Press Release 2024-11-06 ABB announces acquisition of Aurora Motors • Aurora Motors is a global provider of Vertical Pump Motors • Their products are distributed in 30 countries spanning the agriculture, municipality, industrial and fire protection industries • The acquisition represents a significant enhancement to NEMA's product portfolio, bolstering the most comprehensive range of industrial electric motors in the global market
Group press release 2024-11-04 ABB underscores focus on electrification and automation with new brand positioning and tagline 'Engineered to Outrun' ABB introduces new brand positioning “We help industries outrun – leaner and cleaner” underpinning the next phase of the company’s development as a leader in electrification and automation following its successful transformation period. It articulates what ABB wants to be known for in the minds of its customers. The new brand positioning centers around the word “Outrun” and its meaning consists
U.S. Press Release 2024-11-04 ABB and NIEDAX Group announce completion of joint venture with the formation of Abnex Inc. ABB completed the previously announced 50/50 joint venture with Niedax Group. The Abnex Inc. joint venture (JV) will broaden solutions and advance opportunities in the rapidly growing North American cable management market. Integrating engineering and manufacturing capabilities of ABB’s Installation Products Division with Niedax Group will enable the newly formed company to deliver a broad range