ABB to acquire Real Tech.

ABB, a technology company that works closely with utility, industry, transportation and infrastructure customers, agreed to acquire Real Tech, a supplier of innovative optical sensor technology that enables real-time water monitoring and testing. Financial terms were not disclosed. “We are excited to welcome all our new colleagues to the ABB family. We look forward to jointly driving the innovation and growth journey of Real Tech. Joining forces with ABB will accelerate the deployment of Real Tech's technologies through the vast ABB global sales and service network, making a step change in access to market. The acquisition is an important part of ABB Measurement & Analytics’ strategy, which includes adding advanced environmental technologies to the portfolio," Jacques Mulbert, ABB Division President.