ABB completed the acquisition of Solutions Industry & Building.

ABB, a technology company specialising in electrification and automation, completed the acquisition of Solutions Industry & Building, a manufacturer of construction industry building products and premium cable glands. Financial terms were not disclosed. “The need for safe and reliable electrification solutions continues to grow, and the addition of SIB brings an industry-leading portfolio and century of expertise to expand our capabilities and product range in highly specialized markets. Bringing together this team will strengthen our offering and complementary portfolios as part of our ongoing strategy to invest in opportunities that accelerate growth, extend our reach in key markets and provide our customers high-quality, innovative solutions,“ Khalid Mandri, ABB Installation Products Division President.