On February 16, 2024, the technology leader in electrification and automation, enabling a more sustainable and resource-efficient future, disclosed its agreement to acquire a global, energised asset optimisation leader focused on optimising asset safety, reliability, and maintenance for more than 800 active clients operating in multiple industries and markets around the world.
The acquisition will enhance the company's Electrification Service portfolio, providing customers with enhanced expertise in predictive, preventive, and corrective maintenance, electrical safety, renewable energy, and asset management advisory services.
The Swedish-Swiss multinational corporation headquartered in Västerås, Sweden, and Zürich, Switzerland ABB has entered into an agreement to acquire Beachwood, Ohio, headquartered SEAM Group, a prominent provider of energised asset management and advisory solutions for industrial and commercial building sectors. This acquisition is set to enhance ABB’s Electrification Service portfolio, augmenting its capabilities in predictive, preventive, and corrective maintenance, electrical safety, renewables, and asset management advisory services. The transaction is pending regulatory approvals and is anticipated to be finalised in the third quarter of 2024. However, specific financial details of the agreement are yet to be disclosed.
SEAM Group delivers comprehensive services encompassing strategic consulting, tailored training, cutting-edge technology solutions, and efficient data management. These services enhance clients' safety protocols and operational efficiency, ensuring asset reliability and maximizing productivity.
With a workforce of nearly 250 professionals, SEAM Group caters to over 800 active clients across various industries, managing a staggering one million energized assets. Their operations span 50 states in the US, as well as encompassing regions in the Americas, EMEA, and Asia. The company boasts a significant presence across approximately 3,000 customer sites, excelling in burgeoning sectors like commercial buildings, data centres, healthcare facilities, manufacturing plants, and renewable energy ventures, including electric vehicle (EV) charging infrastructure.
By joining forces with ABB, SEAM Group aims to bolster the provision of low- and medium-voltage services, particularly in sectors where dependable and readily available power is paramount.
Stuart Thompson, Division President of ABB Electrification Service, said, "For many industries, every minute of production time counts. Proactive asset management is now a priority for industrial companies to guarantee peak performance of electrical systems and overall operational efficiency, safety and sustainability."
"This acquisition is part of our ongoing strategy to create a new force in electrification service, broadening our offering and footprint in the US. By sharpening our approach in one of our key markets, we will be able to offer customers complete asset lifecycle management services while expanding our field service coverage across North America."
Colin Duncan, Chief Executive Officer for SEAM Group, said: "The synergies between SEAM Group and ABB are clear. From our shared values of customer focus, collaboration and enabling a more sustainable future to our complementary portfolios, together we will deliver new levels of operational performance while supporting companies in their energy transition. We look forward to becoming part of ABB and the opportunity to bring the best of SEAM Group and ABB to our customers."
ABB’s world-class solutions for aluminium smelters
ABB offers a comprehensive solution for aluminium smelters, encompassing a diverse array of electrical and control equipment tailored for efficient power switching and distribution. The solution guarantees optimal outcomes based on ABB's proficient engineering, supply chain management, construction capabilities, and extensive experience in production processes.
Driven by its commitment to excellence, ABB, as a global frontrunner, is dedicated to delivering unparalleled value within specified timeframes and budget constraints while adhering meticulously to project requirements.
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