Latest from Mergers & Acquisitions

226496518 © Mohd Izzuan Ros / Dreamstime.com
 226496518 © mohd izzuan ros / Dreamtime.com

Sponsored

Photo 226496518 /Mohd Izzuan Ros / Dreamstime
65cf8862820724001e16805b Acquisitions 2023 Photo 226496518 Mohd Izzuan Ros

ABB to Acquire SEAM Group to Expand Electrification Service Offering

Feb. 16, 2024
The acquisition will broaden ABB’s Electrification Service portfolio with industrial asset management and advisory services in the U.S., adding 3,000 additional customer sites.

ABB entered into an agreement to acquire SEAM Group, a provider of energized asset management and advisory services to clients across industrial and commercial building markets. The acquisition will complement ABB’s Electrification Service offering, bringing additional expertise to customers in the areas of predictive, preventive and corrective maintenance, electrical safety, renewables and asset management advisory services.

SEAM Group offers a suite of services including strategic advisory, custom training, advanced technology and data management solutions to help clients improve their safety and operational performance by securing asset uptime and improving productivity. The company has nearly 250 employees and supports more than 1 million energized assets for over 800 active clients operating across 50 states, as well as in the Americas, EMEA and Asia. With its presence at around 3,000 customer sites and a strong foothold in fast-growing segments such as commercial buildings, data centers, healthcare, manufacturing and renewables including EV charging infrastructure, SEAM Group will extend ABB’s low- and medium-voltage services where reliable and available power is critical.

“For many industries, every minute of production time counts. Proactive asset management is now a priority for industrial companies to guarantee peak performance of electrical systems and overall operational efficiency, safety and sustainability,” said Stuart Thompson, division president, ABB Electrification Service, in the press release. “This acquisition is part of our ongoing strategy to create a new force in electrification service, broadening our offering and footprint in the U.S. By sharpening our approach in one of our key markets, we will be able to offer customers complete asset lifecycle management services, while expanding our field service coverage across North America.”

Sponsored Recommendations