ABB CEO Bjoern RosengrenABB CEO Bjoern Rosengren

Zurich, Switzerland – ABB, the Swiss multinational corporation excelling in automation and electrification, Friday announced its plans to acquire SEAM Group, a provider of energized asset management and advisory services.

This acquisition will expand ABB’s Electrification Service portfolio, allowing them to offer predictive, preventive, and corrective maintenance, electrical safety, renewables, and asset management advisory services, a press releases said.

SEAM Group currently supports over 1 million energized assets for more than 800 active clients across various industries. The transaction is expected to close in Q3 2024, subject to regulatory approvals.

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By Lisa Luckas

Lisa Luckas is a Sr. Business News Editor at Nobot.News.

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