(IN BRIEF) ABB has successfully acquired Siemens’ Wiring Accessories business in China, enhancing its position in the smart building technologies sector. The acquisition, valued at over $150 million in revenue for 2024, adds a robust distribution network across 230 cities … Read the full press release →
Posted in Artificial Intelligence (AI), Business, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Switzerland, Technology
Tagged ABB, ABB Electrification, acquisition, AI, CHINA, decarbonization, digitalization, distribution network, electrification, energy efficiency, home automation, Mike Mustapha, partnership, portfolio expansion, Siemens, smart building solutions, smart building technologies, smart buildings, smart door locks, smart home systems, Southeast Asia, sustainability, urbanization, Wiring Accessories
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