ABB Acquires Jokab Safety

ABB (www.abb.com) will acquire 100 percent of the shares in Jokab Safety International AB for an undisclosed amount. The transaction is expected to be completed in March, subject to customary regulatory approvals.

Founded in Sweden in 1988, Jokab Safety develops products and solutions for machine safety. The company has around 120 employees worldwide, with a presence in Sweden, U.S., Canada, Italy, China, France and UK.

“This investment is fully in line with our strategy to broaden our offering through value-creating acquisitions,” said Tom Sjökvist, head of ABB’s low voltage products division, under which Jokab Safety will reside. “Through this acquisition, both ABB and Jokab will strengthen their total offering. Together, we can meet customers’ increasing requirements for low-voltage products and machine safety in a better way.”

With the acquisition, ABB’s North America operations will add around 50 new employees, bringing machine safety expertise into the company.

“We are pleased to have acquired one of the market’s strongest product portfolios within machine safety for manufacturing industries. It means that we, now, also can provide safety products, on top of our already broad product range within low voltage,” said Kirk Goins, region division manager, low voltage products in North America.

ABB provides power and automation technologies designed to enable utility and industry customers to improve performance while lowering environmental impact. The ABB Group of companies operates in around 100 countries and employs about 120,000 people.

More News:

  • Patent Dispute Settled Between Rockwell Automation and Beckhoff Automation

    Rockwell Automation's linear motor business, including its recent Jacobs Automation acquisition, has developed a substantial portfolio of patents comprising over 100 issued patents on linear motor technology alone.

  • Mergers, Acquisitions Alliances and Noteworthy News in Robotics

    Iten Industries, manufacturer of advanced composite components and materials headquartered in Ashtabula, Ohio, is now offering additive manufacturing and 3D printing services.

  • U.S. Economy Looks Up for Manufacturing Industries

    The August PMI is led by the highest recorded New Orders Index since April 2004, when it registered 67.1%.

  • ASME Forum Ignites 21st-Century Engineering

    Founder and president of HMI/SCADA software developer Iconics, Russ Agrusa, said the company is focusing on how to harness big data on any device and in any class of applications, and turn it into predictive analytics in manufacturing and business intelligence.

  • New Customer Care Center for Endress+Hauser

    To help customers keep up with today's challenges, Endress+Hauser's new, state-of-the-art Customer Center is suited to greet visitors with a top-notch certified training facility with multiple classrooms and its largest yet PTU controlled by Rockwell Automation's PlantPAx system for real-world process simulation with over 120 measuring points.

  • The Rise of Aluminum in the Industrial Sector

    It is not just price that makes aluminum appealing when put alongside copper in the production of items like electrical wires and cables, though.

  • Maverick Acquires CQS Innovation Expanding Process Expertise in the Life Sciences Industry

    The acquisition expands Maverick's size and scale as a global organization with 19 office locations and 500+ engineering professionals. In addition, Chris Roerig, current president of CQS Innovation, will join Maverick as industry manager for life sciences.

  • ISA Offers Cybersecurity Certificate Program

    The program consists of passing a course on using the ANSI/ISA-62443 standards to secure industrial control systems. The course is available in the classroom or online. Students must also pass a written exam in the classroom or online.

  • Fieldbus Groups 'Unite'

    The combined power of both organizations will aim to protect the investments that end users in process automation have made in HART and Foundation fieldbus communication technologies.

  • Guess Who Just Turned 125 Years Old?

    ABB recently celebrated its 125th anniversary in Finland.

All news »

What are your comments?

Join the discussion today. Login Here.

Comments

No one has commented on this page yet.

RSS feed for comments on this page | RSS feed for all comments