Swiss perspectives in 10 languages

Swiss-Swedish ABB makes US acquisition

ABB, the Swiss-based engineering group, has announced plans to take over Ventyx for one billion dollars.

Based in Atlanta in the US, Ventyx designs software used for managing power networks.

Last year, Ventyx reported revenues of $250 million (SFr276 million). It employs 900 people and is active in more than 40 countries.

As ABB announced on Wednesday, it will pay cash for Ventyx. The American company currently belongs to Vista Equity Partners.

This acquisition will triple ABB’s energy management software market.

swissinfo.ch and agencies

In compliance with the JTI standards

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

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.

SWI swissinfo.ch - a branch of Swiss Broadcasting Corporation SRG SSR

SWI swissinfo.ch - a branch of Swiss Broadcasting Corporation SRG SSR