ABB to acquire Cylon Controls from Greencoat Capital.

ABB, a Swiss-Swedish multinational corporation, operating mainly in robotics, power, heavy electrical equipment, and automation technology areas, agreed to acquire Cylon Controls, a multimillion-euro building management system company, from Greencoat Capital, a specialist asset manager. Financial terms were not disclosed. “The acquisition will further enhance our portfolio of solutions for the commercial buildings segment, with a particular focus on delivering new innovations in energy-optimization and comfort,” Oliver Iltisberger, ABB’s Head of Smart Buildings.