Electrification and automation manufacturing giant ABB agreed to acquire Whitby, Ontario-based Real Tech Inc. — a provider of water quality monitoring solutions for real-time detection of critical parameters and compounds.
ABB said the acquisition of Real Tech will expand its strong presence in the water segment and complement its product portfolio with optical technology critical for smart water management.
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Terms were not disclosed for the deal, which is expected to close later in 1Q24.
Real Tech’s portfolio includes optical sensors, controllers and a suite of optional accessories that allow each system to be configured according to customer needs. The company has approximately 40 employees.
“Joining forces with ABB will accelerate the deployment of Real Tech’s technologies through the vast ABB global sales and service network, making a step change in access to market. The acquisition is an important part of ABB Measurement & Analytics’ strategy, which includes adding advanced environmental technologies to the portfolio,” said Jacques Mulbert, ABB Measurement & Analytics Division President.
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