Navigation

ABB builds links to the New Economy

ABB chief executive Göran Lindahl. Keystone / Peter Lauth

Swiss-based technology company ABB, is to buy Energy Interactive of the United States. The California-based company provides information software and services to the US energy market.

This content was published on August 17, 2000 - 14:30

Energy Interactive's products include energy billing systems, web-based residential energy auditing, and software to analyse energy loads, consumption patterns and pricing. The business will be renamed ABB Energy Interactive.

The purchase takes ABB into the US retail power market where deregulation is expected to fuel long-term growth.

"This is a strategic opportunity and a good fit to ABB," said Chief Executive, Göran Lindahl. "ABB is gaining an early foothold in the retail market."

ABB has been increasingly refocusing its business on the information technology sector, as it builds stronger links to the so-called new economy.

The price of the acquisition was not disclosed.

by Tom O'Brien

Articles in this story

This article was automatically imported from our old content management system. If you see any display errors, please let us know: community-feedback@swissinfo.ch

In compliance with the JTI standards

In compliance with the JTI standards

More: SWI swissinfo.ch certified by the Journalism Trust Initiative

Contributions under this article have been turned off. You can find an overview of ongoing debates with our journalists here. Please join us!

If you want to start a conversation about a topic raised in this article or want to report factual errors, email us at english@swissinfo.ch.

Share this story

Change your password

Do you really want to delete your profile?