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

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

Share this story

Join the conversation!

With a SWI account, you have the opportunity to contribute on our website.

You can Login or register here.