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Switzerland-based ABB (NYSE: ABB), a power and automation technology group, has agreed to acquire Dynamotive Ltd to expand its service offering in low and medium voltage drives and motors.
Coalville, UK–based Dynamotive designs, commissions and upgrades systems of drives, controls and motors for industrial and marine applications and automotive test rigs. Dynamotive has about 40 employees and is privately owned. Its owners will continue to work for ABB.
“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.
Dynamotive will be integrated into ABB’s Drives and Controls business unit. The transaction is expected to be completed in June.