Swedish engineers buy French software firm
5 Aug 2013, 10:28
Published: 05 Aug 2013 10:28 GMT+02:00
"We are buying state-of-art software and know-how," ABB spokesman Hans-Georg Krabbe said in a statement.
Toulouse-based Newron System has annual sales near the tune of $10 million worth of software, which enables devices, such as blind controls and lights, to communicate with each other and to be managed centrally.
The acquisition supports ABB's strategy in the growing automation market for buildings, which is to expand its market reach and offering for channel partners. Newron System’s software complements ABB's product range by adding flexible automation solutions to the offering. The company said Newron would be integrated into the company's Low Voltage Products (LP) division.
"Newron System's premium building-automation software solutions will gain worldwide reach through ABB's broad sales network," said LP head Hans-Georg Krabbe, adding that the purchase was also set to add products to the company's offering of building-automation solutions.
Newrom System's managing directors, Serge Le Men and Daniel Zotti, welcomed the buy, stating it would help Newron "extend its reach".