ABB Announces Acquisition of Gresin
As part of its strategy to expand global offerings of robotic solutions, ABB acquired the assets of Gresin, a European provider of press automation refurbishments. Financial details of the transaction were not disclosed.
"This acquisition gives ABB access to valuable expertise that ideally complements our own existing offering in press automation," said Per Vegard Nerseth, head of ABB's Robotics business unit. "Together ABB and Gresin can provide their customers productivity improvements when upgrading existing presses, as well as state-of-the-art high speed solutions for new presses."
Gresin's sub-assembly, retrofit and upgrade package designs will be integrated with ABB's Robotics business unit in the Discrete Automation and Motion division. Sixteen Gresin employees will be joining the ABB team.
"ABB's brand recognition and strong global presence will accelerate the growth of a combined Gresin - ABB offering, and provide access to new customers and partners,’" said Jesús María García Garay, managing director for Gresin. "Gresin's existing business is complemented by ABB's strong offering of discrete automation, global manufacturing footprint, as well as its supply, marketing and service network."