Home » Industry News » ABB acquires Mincom to expand enterprise software business

Posted On: 05/27/2011

ABB acquires Mincom to expand enterprise software business

PlantServices.com

By Plant Services Staff

ABB (www.abb.com) has agreed to acquire Mincom in an effort to broaden its software portfolio and establish the group as a leader in enterprise asset management (EAM) software and services.

ABB is acquiring the Brisbane, Australia-based company from Francisco Partners, a private equity group that invests in technology businesses, for an undisclosed sum. The transaction is subject to customary regulatory approvals.

Mincom brings expertise and experience in a range of industries, and a comprehensive set of solutions for applications such as EAM, mining operations and mobile workforce management. Mincom has nearly 1,000 employees and annual revenues of approximately $200 million. With a distribution network in 19 countries, the company is a software player in the Asia-Pacific and Latin America regions, with customers including 17 of the top 20 global mining groups, as well as businesses in the energy sector, defense and other asset-intensive industries.

To ensure continuity for customers, ABB will retain the Mincom management team and its operations will be added to Ventyx, ABB’s dedicated software business.

The Ventyx portfolio combines information and operational technologies (IT and OT) to optimize asset performance, integrate business processes and deliver insight into global business operations.

More News:

05/21/2012 Manufacturing downturn deepens as weakness spread across Euro area
The Eurozone manufacturing downturn took a further turn for the worse in April, according to Markit Eurozone Manufacturing PMI.
05/18/2012 2012 Manufacturing Leadership Award winners announced
Manufacturing Executive, the global community for manufacturing leadership and producer of the Manufacturing Leadership Summit and Awards program, announced the program's top honorees at the 2012 Manufacturing Leadership 100 Awards ceremony.
05/17/2012 Sign up for Plant Services' predictive technology webinar
Join ARC Advisory Group analysts who will speak about the results of the joint survey, conducted by Plant Services and ARC Advisory Group, on predictive maintenance technology.
05/16/2012 Schneider Electric acquires M&C Energy Group
Schneider Electric has signed an agreement to acquire M&C Energy Group, a company specialized in energy procurement and sustainability services for both multinationals and small- to medium-sized enterprises.
05/15/2012 Payroll employment rises, and unemployment remains unchanged
Payroll employment rose by 115,000 in April, and the unemployment rate was little changed at 8.1%.
05/14/2012 Labor productivity decreased during first quarter of 2012
Labor productivity decreased at a 0.5% annual rate during the first quarter of 2012.
05/11/2012 Sign up for Plant Services' webinar: Is thermography part of your predictive maintenance strategy?
Thermography is one of the tools available to maintenance professionals executing predictive maintenance strategies.
05/11/2012 Manufacturers anticipate increases in revenue, capital investments and hiring
Prime Advantage's ninth semi-annual Group Outlook Survey revealed financial projections and top concerns of its member companies for 2012.
05/10/2012 Manufacturing jobs return to the United States
Improved U.S. competitiveness and rising costs in China will put the United States in a strong position by around 2015 to eventually add 2 million to 3 million jobs.
05/09/2012 Asset management growth driven by promise of reduced costs and improved performance
The compelling case that plant asset management (PAM) systems provides for reducing operational costs while simultaneously improving performance is the primary factor driving growth of PAM.
All news »

ABB acquires Mincom to expand enterprise software business

Sponsored Links

Plant Services Digital Edition

PlantServices.com E-Newsletters