ABB Acquires KEYMILE’s Communications Networks Business
Monday, July 03, 2017 | Comments

ABB reached an agreement to acquire the mission-critical communications business of the KEYMILE Group to strengthen its communication networks portfolio.

The acquisition will bring with it key products, software and service solutions, as well as research and development expertise, that will enhance the company’s digital ABB Ability solution by adding reliable communications technologies that are essential to maintaining dynamic and complex electrical grids, a statement said.

The transaction is expected to close during the third quarter of 2017. The value of the deal was not disclosed.

KEYMILE, founded in 202 through a merger of three technology companies in Austria, Germany and Switzerland, is headquartered in Hanover, Germany, and employs 350 people. The company manufactures mission-critical and broadband telecommunications solutions and has installations across 100 countries.

Reliable information is key to quick and accurate decision-making in today’s increasingly automated world, which is particularly true of sprawling connected networks. The operation of mission-critical systems such as electrical grids requires communications networks with unparalleled performance and robustness based on special technology protocols and software. KEYMILE’s communications portfolio is geared to meet the demands of network operators for reliability, availability and cybersecurity.

“ABB is a global leader in communication networks for utility customers,” said Claudio Facchin, president of ABB’s Power Grids division. “The acquisition of KEYMILE’s mission-critical communication business will strengthen this position and extend our market reach in the industrial, transportation and infrastructure sectors. This move supports our growth plans and digitalization push as part of our ABB Ability offering, as we strengthen our position as the partner of choice in enabling a stronger, smarter and greener grid.”

KEYMILE’s mission-critical communication business base includes network operators of energy grids, railways, oil and gas pipelines, as well as public authorities. The 120 employees of the acquired business will join the Grid Automation business unit of ABB’s Power Grids division.

“Reliable telecommunications become increasingly important as the number of connected devices increases,” said Rolf Unterberger, CEO of KEYMILE. “While digitalization provides opportunities for operational efficiencies and asset optimization, it also brings new complexities in maintaining mission-critical operations. We are very pleased that industry leader ABB will acquire our mission-critical communication networks business, which will enable the continued development of cutting-edge products, software and service solutions for grid operations.”




 
 
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