ABB to acquire SEAM Group to expand services in electrification

Credit: REUTERS/Arnd Wiegmann

ZURICH, Feb 16 (Reuters) - ABB ABBN.S will acquire SEAM Group, the Swiss engineering company said on Friday, in a deal designed to expand its services in electrification.

The acquisition will complement ABB's Electrification Service offering, and help customers in the areas of predictive, preventive, and corrective maintenance, electrical safety, renewables and asset management advisory services.

Terms of the deal, which is expected to close in the third quarter of 2024, were not disclosed.

(Reporting by John Revill)

((John.Revill@thomsonreuters.com; +41 41 528 36 37; Reuters Messaging: john.revill.thomsonreuters.com@reuters.net))

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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