ABB is set to acquire Obvient Strategies Incorporated, a privately owned specialist software provider. The transaction is expected to enhance ABB’s software offering for asset management, power distribution automation and smart grid applications.
 
Obvient offers software and services to utilities with geographically dispersed assets. The company’s business intelligence software collects, analyzes and reports critical real-time, as well as periodic information.
 
As well as helping to manage complex operations, the solutions also reduce operating costs and improve asset reliability.
 
Obvient’s software products compile the power transmission and distribution sector’s best business practices into prepackaged solutions. This enables companies to monitor and manage their distributed assets more effectively, on a real-time and event-driven basis.
 
“The Obvient portfolio is highly complementary to our own software solutions for the power sector,” said Jens Birgersson, head of ABB’s Network Management business within ABB’s Power Systems division.
 
“It significantly strengthens our software-based solutions, enabling us to provide better service to our customers, from asset health and customer care to distribution and outage management.”
 
The purchase of Obvient will add to ABB’s existing Ventyx software portfolio, which it acquired in May last year.
 
ABB plans to retain the Obvient team and place its executives in key roles within the Ventyx product management organization. The company has offices near Atlanta, GA, USA.
 
For more M&A news.