PRTODAY / NewswireToday Free press release distribution service network

Written by / Agency / Source: ABB Robotics / ABB Ltd

Check Ads Availability|e-mail Article


Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

ABB to Buy Envitech Energy to Expand its Presence in North-American Rail Market - Acquisition complements ABB’s existing offering in the supply of electrical equipment and solutions for the rail infrastructure market - ABB.com
ABB to Buy Envitech Energy to Expand its Presence in North-American Rail Market

 

NewswireToday - /newswire/ - Zurich, Switzerland, 2011/11/23 - Acquisition complements ABB’s existing offering in the supply of electrical equipment and solutions for the rail infrastructure market - ABB.com. NYSE: ABB

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Manufacturing/Robotics Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

ABB, the leading power and automation technology group, has agreed to acquire Canada-based Envitech Energy to expand its technology offering in the electrical equipment and solutions sector for rail infrastructure.

Envitech Energy, headquartered in Pointe Claire, Quebec, Canada, has 36 employees and supplies rail electrical equipment and solutions for urban transportation applications, including traction rectifiers, traction power components, trackside braking energy absorption devices, automatic grounding and energy storage solutions. The parties agreed to not disclose the value of the transaction, which is subject to the customary regulatory approvals.

ABB’s customers will benefit from advanced rail energy efficiency solutions through Envitech Energy’s expertise in power electronics and energy storage.

“The acquisition is in line with our divisional strategy to expand our technology platform and solutions offering in the attractive global and regional rail market,” said Ulrich Spiesshofer, head of ABB’s Discrete Automation & Motion division. “The Envitech Energy team will bring to ABB a wealth of engineering expertise and a strong entrepreneurial spirit to our North American power electronics and rail businesses. Their deep application and solutions expertise as well as their great products will be a valuable addition to our existing rail portfolio.”

ABB has grown its rail activities considerably in recent years, evolving into a major supplier to numerous train manufacturers and local network operators. ABB’s rail business revenue has grown significantly over the last years at a compound annual rate of about 30 percent. In 2010, ABB secured more than $1 billion in orders.

“We are excited to join the ABB Group,” said Réjean Larouche, President of Envitech Energy. “Combining our forces with ABB is a logical next step for the growth of our business. It will expand our reach and help create optimal solutions for customers."

The acquisition is expected to be completed by the end of the year.

ABB (abb.com) is a leader in power and automation technologies that enable utility and industry customers to improve their performance while lowering environmental impact. The ABB Group of companies operates in around 100 countries and employs about 130,000 people. In Canada, ABB employs about 3,000 people in more than 40 locations from coast to coast.

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Manufacturing/Robotics Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Written by / Agency / Source: ABB Robotics / ABB Ltd

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick Newswire Today Visibility Checker

 

Distribution / Indexing: [+] / [Company listed above is a registered member of our network. Content made possible by PRZOOM / PRTODAY indexing services]

 
 
# # #
 
 
  Your Banner Ad showing on ALL
Manufacturing/Robotics articles,
CATCH Visitors via Your Competitors Announcements!


ABB to Buy Envitech Energy to Expand its Presence in North-American Rail Market

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name Newswire Today and LINK as the source.
 
  Is this your article?
Activate ALL web links and social stream by Upgrading to Press Release PREMIUM Plan Now!

ABB |
Publisher Contact: Antonio Ligi / Thomas Schmidt - ABB.com 
+41 43 317 6568 media.relations[.]ch.abb.com
 
Newswire Today - PRZOOM / PRTODAY disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any ABB Robotics / ABB Ltd securities in any jurisdiction including any other companies listed or named in this release.

Manufacturing/Robotics via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY



Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!


Read Latest Articles From ABB Robotics / ABB Ltd / Company Profile


Read Manufacturing/Robotics Most Recent Related Newswires:

Oscilloquartz Unveils Synchronization Solution to Enable the Small Cell Era
Borealis Heightens Solar Engagement with ISOVOLTAIC
PPG, Vision Systems to Develop Aircraft Window Shading Applications
LANXESS Increases the Capacity of its Emerald Innovation 3000 Flame Retardant Production Unit
Infineon Launches 'Productive4.0' Research Project in Dresden
Hexagon Manufacturing Intelligence Launches New Rotary Tables for Optiv Performance 663/664
Atlas Copco Opens U.S. Manufacturing Plant
Ensemble SmartWAN Wins Light Reading Award for Most Innovative NFV Product Strategy
Voith and Ray Sono Will Jointly Accelerate the Digitization of Industry
UITP Global Public Transport Summit 2017 - Voith Presents Efficient and Sustainable Solutions for Urban Transportation
METTLER TOLEDO Launches New Generation of Multi-Parameter M400 Transmitter
Bonnell Aluminum Earns PPG Certified Applicator Program Accreditation
Vero Software Unveils Latest Alphacam Features New Key Automation Capabilities
KDU is Appointed as GE’s Value-Added Reseller for its SeaStream* and SeaLyte* DP Systems
Voith Lightweight Gear Unit SE-369 with Aluminum Housing and Innovative Bionic Toothing

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
NewswireToday Celebrates 10 Years in Business


PREMIUM Members


Visit  JobsWare.com

Visit  BizJobs.com





 
  ©2017 Newswire Today — Limelon Advertising, Co.
Home | About | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR free press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneurs newswire distribution prtoday.com freenewswiredistribution asianewstoday bizwiretoday USA pr UK today - NOT affiliated with PRNewswire as we declined their partnership offer in 2013
 
PRTODAY & NewswireTODAY are NOT affiliated with USA TODAY (usatoday.com)