BrainBox AI completed the acquisition of retail energy management system integrator business of ABB.

BrainBox AI, a provider of artificial intelligence solutions, completed the acquisition of retail energy management system integrator business of ABB, an electrical equipment manufacturer. Financial terms were not disclosed. This acquisition marks a significant development for the company, ushering in another mode of connectivity to its technology. BrainBox AI delivers its AI-tech with the capabilities of energy management optimization, carbon footprint reduction, customer and employee comfort improvement, and targeted “on-demand” predictive maintenance for HVAC systems. Furthermore, this augmented offering is already gaining momentum with BrainBox AI securing a multi-store contract with a top-tier American retailer with deployment slated for late-summer, early fall of this year.