Southwire Acquires OBI

Southwire says the deal will serve as a “foundational element” for the development of digital services beyond utility at its company.
On July 19, Lohr am Main, Germany-based mobile and industrial hydraulics manufacturer Bosch Rexroth, a subsidiary of Bosch, announced the acquisition of fluid power distributor HydraForce.

Carrollton, Georgia-based Southwire Company, LLC has acquired OBI Partners Inc., an Alpharetta, Georgia-based digital solutions provider focused on electric utilities.

Financial terms were not announced.

Southwire said the deal supports the company’s growth strategy and strengthens its commitment to remain “generationally sustainable.”

“The marketplace is demanding intelligent solutions to their electrical distribution needs, and through the acquisition of OBI, Southwire will do just that,” said Tom Courtney, vice president of services for Southwire. “We are very excited about the suite of solutions provided by OBI and the added value we will bring to our customers.”

Southwire said OBI is “widely recognized” for its portfolio of software-as-a-service (SaaS) and unique suite of advanced analytics and modules designed to extract, aggregate and optimize electrical grid data into intelligent information for utility operators and managers.

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