ABB looking to flesh out portfolio with automation and controls
Greentech Media // Apr 25, 2012ABB has spent $9 billion in recent years to acquire a wide range of companies with a variety of foci. Yet the company has identified some areas in which it is still looking to expand, especially the advanced building space. Greentech Media reports:
CEO Joe Hogan said the Swiss grid giant is still looking to acquisitions to “fill blank spots in automation and industrial control technology,” Reuters reported Monday… We’ve seen competitors like Schneider Electric, Siemens and General Electric buying up parts and pieces of the overall grid architecture as it extends into buildings -- industrial motors and controls, low and medium-voltage building power equipment, and networks and software to control it all.