ABB Expands Environmental Monitoring Capabilities with Acquisition of Födisch Group

ABB Expands Environmental Monitoring Capabilities with Acquisition of Födisch Group

(IN BRIEF) ABB has announced the acquisition of Födisch Group, a leading German company specializing in advanced measurement and analytical solutions for the energy and industrial sectors. This acquisition will strengthen ABB’s position in continuous emission monitoring systems (CEMS), allowing the company to expand its offerings and better support industries in meeting environmental regulations and sustainability goals. The deal is expected to close by the end of the year and will add 250 employees and €50 million in revenue to ABB.

(PRESS RELEASE) ZURICH, 28-Aug-2024 — /EuropaWire/ — ABB has announced a strategic agreement to acquire Födisch Group, a prominent German developer of advanced measurement and analytical solutions for the energy and industrial sectors. This acquisition will significantly enhance ABB’s position in continuous emission monitoring systems (CEMS), a critical component in helping industries meet growing environmental regulations and sustainability goals.

Födisch Group, known for its cutting-edge analyzer and dust measurement solutions, operates primarily from its headquarters in Markranstädt, Germany, with additional facilities in Germany, the Netherlands, and China. The company’s technology is widely used in various sectors including power generation, waste management, and manufacturing industries like paper, glass, and cement. The acquisition will integrate Födisch Group’s innovative solutions into ABB’s extensive portfolio, providing clients with more comprehensive tools to monitor and reduce emissions.

The acquisition is expected to add 250 employees to ABB’s workforce and generate an additional €50 million in revenue. The deal is anticipated to close by the end of the year, pending customary closing conditions.

Jacques Mulbert, President of ABB’s Measurement & Analytics division, stated, “Födisch Group’s expertise and innovative solutions are a perfect match for ABB’s commitment to advancing sustainability in industrial operations. This acquisition will not only enhance our offerings but also provide our customers with the tools they need to meet stringent environmental standards.”

Stephan Schumann, CEO of Dr. Födisch Umweltmesstechnik AG, expressed pride in the acquisition, noting that ABB’s global reach will amplify the impact of Födisch Group’s technologies on a worldwide scale.

This acquisition underscores ABB’s dedication to supporting industries in their transition to more sustainable practices through advanced technology and global expertise.

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SOURCE: ABB