ABB invests in Validus DC Systems

Source: PlantServices.com

By Plant Services Staff

Jun 03, 2011

ABB has purchased a controlling interest in U.S.-based Validus DC Systems, a provider of direct current (DC) power infrastructure equipment for energy-intensive data centers. The investment in Brookfield, Connecticut-based Validus is designed to complements ABB’s technology platform to bolster its entry into the $24 billion market for telecommunications and data center power infrastructure.

This is ABB’s second recent investment in technology related to data center power infrastructure following the September 2010 investment in Power Assure, a developer of power management and optimization software for data centers.

The investment in Validus DC Systems was made through ABB Technology Ventures, the company’s venture capital arm, which invests in strategically interesting early and growth stage companies. ABB has also made VC investments in companies working in electric vehicle charging infrastructure, smart grid communications, wave power generation, cyber security for utilities and wind farm efficiency.

Both parties agreed not to disclose financial details of the transaction, which includes an option for ABB to fully acquire Validus.

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