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

In compliance with the JTI standards

In compliance with the JTI standards

More: SWI certified by the Journalism Trust Initiative

Sort by

Change your password

Do you really want to delete your profile?

Your subscription could not be saved. Please try again.
Almost finished... We need to confirm your email address. To complete the subscription process, please click the link in the email we just sent you.

Discover our weekly must-reads for free!

Sign up to get our top stories straight into your mailbox.

The SBC Privacy Policy provides additional information on how your data is processed.