ABB to acquire a majority stake in Meshmind.

ABB, an electrification and automation company, agreed to acquire a majority stake in Meshmind, a R&D engineering company. Financial terms were not disclosed. “AI-powered robotics and automation have the power to transform industries, providing businesses with greater flexibility and intelligence amidst critical global trends and workforce challenges. Through this acquisition, we will further accelerate the development of our software and AI-powered solutions to make automation more adaptive and accessible, enabling businesses of all sizes to become more resilient,” Sami Atiya, ABB President, Robotics and Discrete Automation Business Area.