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ABB Completes Acquisition of Siemens’ Wiring Accessories Business in China

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ABB announced it has completed the acquisition of Siemens’ Wiring Accessories business in China, to broaden ABB’s market reach and complement its regional customer offering within smart buildings. Generating over $150 million in revenue in 2024, the business adds a comprehensive product portfolio, a robust distribution network across 230 cities, and 350 skilled employees. The transaction was announced on May 17, 2024, and financial terms of the transaction were not disclosed.

The business will be margin accretive to ABB and expands ABB’s portfolio with wiring accessories, smart home systems, smart door locks and further peripheral home automation products, which will continue with the Siemens brand under terms of a licensing agreement. With a strengthened product range and distribution network, ABB is well positioned to deliver integrated, innovative solutions that modernise buildings, improve energy efficiency, and tackle the global challenge of reducing carbon emissions.

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Mike Mustapha, President of ABB Electrification’s Smart Building Division said: “This acquisition strengthens ABB’s position and commitment to growth in China’s wiring accessories market, complementing our smart buildings technologies portfolio and enabling us to meet evolving customer needs by creating safer, smarter and more sustainable buildings. We are perfectly positioned to offer a full range of wiring accessories, home and building automation, energy distribution and management solutions, to address major local challenges such as rapid urbanisation, energy transition, electrification of buildings, decarbonisation and advancing AI and digitalisation.”

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ABB and Samsung Electronics Enhance User Experience in Energy Management

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As part of their ongoing partnership, ABB and Samsung Electronics recently announced the upcoming integration of ABB’s InSite energy management system into Samsung’s SmartThings and SmartThings Pro platforms, marking a significant advancement in smart building technology.

Building on the previous incorporation of the ABB-free@home® smart home system into SmartThings, this advancement allows users to easily visualise, control, and optimise energy consumption in residential, multi-apartment, mixed-use, and light commercial buildings. This integrated solution extends load management capabilities, enabling SmartThings and SmartThings Pro users to manage the energy consumption of smart appliances and devices – such as dishwashers, air conditioners, vacuum cleaners, and lawn-mowing robots – using real-time and historical data collected by InSite.

This is demonstrated at the Brobyholm residential development in Sweden, where ABB’s energy management system is integrated with SmartThings to contribute to a larger ecosystem of interconnected partner solutions, creating a replicable blueprint for energy-smart community projects. Consolidating home automation, IoT devices, entertainment, EV charging, smart appliances, energy, gas and water consumption reduces “app overwhelm” and enables users to conveniently manage essential functions through a single user interface.

SmartThings Pro further enhances these capabilities by offering advanced energy analytics, predictive insights, and automated optimisation for businesses, property managers, and energy-conscious homeowners seeking deeper control over their energy ecosystem. This professional-grade platform provides seamless integration with industrial-grade IoT devices, ensuring a more comprehensive approach to energy efficiency and sustainability.

Mike Mustapha, President of ABB’s Smart Buildings division, said: “Integrating our state-of-the-art energy management system with Samsung’s SmartThings and SmartThings Pro platforms highlights the power of collaboration in helping our customers outperform in an increasingly connected world. Our combined solution not only differentiates properties in a competitive market, but also addresses the rising importance of energy efficiency for homeowners, tenants, and landlords.”

Chanwoo Park, EVP B2B Solutions of Samsung Electronics, commented: “The future of energy management lies in intelligent, automated solutions that adapt to evolving regulations and business needs while also increasing the value of properties. SmartThings Pro offers advanced analytics, predictive automation, and industrial IoT integration, giving enterprises greater control over energy usage and sustainability efforts. By leveraging AI and machine learning, we empower businesses to proactively manage consumption, improve operational efficiency, and create smarter, more valuable buildings through energy-efficient innovations.”

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ABB NeoGear: Safe, Sustainable, Digital Switchgear on the Market

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ABB has expanded its NeoGear switchgear portfolio to deliver impressive safety improvements, optimised performance and digital connectivity

Building on the success of its proven NeoGear technology, ABB has further developed NeoGear, the safest low-voltage switchgear on the market for operators and maintenance engineers. Its revolutionary design eliminates hazardous exposure to live parts, uses 92 percent fewer busbar components than traditional switchgear and with 90 percent fewer electrical joints improves switchgear availability. The arc ignition protected zone keeps maintenance personnel safer when performing routine works and repairs, while also reducing the risk of arcs caused by mechanical failures, one of the most serious safety risks that switchgear operators encounter.

With increased attention on sustainability, investors and business partners are now focusing on ESG with ASEAN aiming to reduce energy intensity by 30% come 2025. Now available globally, NeoGear switchgear offers a reduced physical footprint by up to 25 percent compared to equivalent switchgear technologies. Within this compact footprint, it also achieves energy efficiency of up to 20 percent due to reduced heat dissipation.

The recently introduced 4-pole version, as well as the upcoming 690 V version, make NeoGear a very attractive solution for numerous market segments and industries, including utilities, food & beverage and infrastructure. NeoGear is also ideal for data centres, infrastructure and light industries where the highest safety standards and reliability are essential and where the reduced physical footprint and weight reduction of the switchgear are key benefits.

As well as improved safety, class-leading sustainability credentials and unrivalled performance, the enhanced solution builds on ABB’s proven NeoGear platform with the latest connectivity capabilities for data analytics and data communication, making it the ideal low-voltage switchgear option for facilities working towards achieving Industry 4.0 standards. The new digital capabilities deliver up to overall 30 percent lower operational costs thanks to more efficient condition monitoring – making it a revolutionary step forward for sustainable switchgear.

Scott Douglas, Low Voltage Switchgear Product Marketing Manager for ABB Electrification Asia explains: “The industries we serve are constantly evolving in line with key market drivers like digitalization, safety and reduction of environmental impact. ABB’s innovative solutions provide our customers in Asia with the right capabilities to grow business while not compromising on energy efficiency to meet their sustainability goals”.

“The advancements made to our NeoGear low-voltage switchgear showcases our commitment to product evolution at ABB, where we ensure that beyond improving operational safety and sustainability, having an integrated smart functionality is also crucial to complementing any digitalisation strategy.”

The expanded digital capabilities of NeoGear include real-time condition monitoring and predictive maintenance, remote assistance, fault and solutions diagnostics and data analytics for Industry 4.0. Furthermore, ABB AbilityTM Condition Monitoring for Electrical Systems (CMES) is also included to help customers gain additional operational efficiencies of up to 30 percent and harness unprecedented flexibility in their operations.