ABB announces that it has reached an agreement to acquire a majority stake in Meshmind, a software services provider, and thereby expand its R&D competencies in the fields of AI, industrial IoT and machine vision.

With this acquisition, ABB will integrate new talent and skills into a new global R&D hub, accelerating the development of innovative automation solutions within its Machine Automation (B&R) division.

With this acquisition, we will accelerate the development of our AI-assisted software solutions to enable adaptive and accessible automation, thus increasing the resilience of companies of all sizes", says Sami Atiya, President of ABB's Robotics and Discrete Automation business.

Meshmind's offices in Sarajevo (Bosnia) become B&R's new global hub for software and AI development. Financial details of the transaction, which is expected to be completed in the first quarter of 2024, were not disclosed.

Copyright (c) 2024 CercleFinance.com. All rights reserved.