ABB Acquires UK-based Dynamotive Ltd.
ABB announced on 6/10/2013 its intention to acquire Dynamotive Ltd. UK-based Dynamotive designs, commissions and upgrades systems of drives, controls and motors. ABB expects the acquisition to expand its service offering in low and medium voltage drives and motors. The transaction is expected to close in June of 2013.
“The acquisition of Dynamotive will enable ABB to expand its service operations including upgrade and retrofit capabilities in low and medium voltage drives. Furthermore, it will help ABB to increase its sales of complete industrial motion packages, which include drives, motors, controls and related services,” said Pekka Tiitinen, head of ABB's Drives and Controls business unit. “By combining Dynamotive’s service and engineering capabilities with ABB’s manufacturing capabilities and product know-how we will better serve our customers.”
Dynamotive will be integrated into ABB's Drives and Controls business unit.
“We are excited about the opportunity to join forces with ABB. We are confident that our customers and employees will benefit from the increased level and quality of services that we can offer them,’’ said David Perkins, Dynamotive’s managing director, who will continue to lead Dynamotive’s operations under the ownership of ABB. “Through this deal we will get better access to ABB’s drive, motor and control technology, as well as access to ABB’s global sales and service network.”