Electric technology company ABB said Monday 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 digital offering, ABB Ability, by adding communications technologies that are essential to maintain today’s dynamic and complex digital electrical grids, the company said in a prepared statement.
KEYMILE is a manufacturer of mission-critical and broadband telecommunication solutions, with installations across 100 countries. KEYMILE’s mission-critical communication business base includes network operators of energy grids, railways, oil and gas pipelines, as well as public authorities.
“ABB is a global leader in communication networks for utility customers. The acquisition of KEYMILE’s mission-critical communication business will strengthen this position and extend our market reach in the industrial, transportation and infrastructure sectors,” said Claudio Facchin, president of ABB’s Power Grids division.
The transaction is expected to close during the third quarter of 2017. Both parties have agreed not to disclose the value of the deal.