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Tuesday, April 4, 2017

ABB acquired Austrian firm B&R for an undisclosed amount

ABB has acquired Austrian machine and factory automation solutions company B&R for an undisclosed amount. The transction is funded in Cash.

Also read: Infibeam invested Rs 210 crore in CC Avenue

ABB CEO Ulrich Spiesshofer said, This transaction marks a true milestone for ABB, as B&R will close the historic gap within ABB's automation offering. This is a perfect fit and will make us the only industrial automation provider offering customers the entire spectrum of technology and software solutions around measurement, control, actuation, robotics, digitalization and electrification.

B&R is founded by Erwin Bernecker and Josef Rainer in Eggelsberg, Austria. And it currently employes more than 3,000 people which included about 1,000 R&D and application engineers. It operates across 70 countries today and makes programmable controls for machines used by companies like Nestle, Procter & Gamble, and Roche etc. It also makes components for machines used by automotive makers BMW, Daimler and Volkswagen.

According to ABB, B&R Industrial Automation will remain a independent company, and we will retain our brand identity. B&R India management will continue to report to B&R Austria operation management. Managing Director P V Sivaram will continue to report to GM Global Sales, Mr Peter Gucher at B&R Austria. Our Support structure and sales focus on Machine and Factory Automation will be centred around our products like X20, ACOPOS and APROL.

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