Announced

Completed

ABB completed an investment in ESS.

Synopsis

ABB, a global technology provider of electrification and automation, completed an investment in ESS, a producer of cutting-edge hybrid simulation software. Financial terms were not disclosed. “Currently, the complexity of such tools in the market makes it difficult for smaller companies to leverage the power of digital. We're committed to leveling the playing field by making the simulation tech accessible to all manufacturers. With our solutions, they can innovate faster, reduce environmental impact, and stay competitive in a demanding industry,” Martin Schifko, ESS CEO.

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MergerLinks - ABB completed an investment in ESS.