ABB set to broaden its software portfolio with the acquisition of Brisbane-based Mincom
May 9, 2011
One of the world’s leading global power and automation technology companies, ABB, is set to broaden its software portfolio with the acquisition of Brisbane-based Mincom.
Combining Mincom’s best-of-breed EAM solutions with ABB’s financial support and large global footprint will not only deliver greater innovation in Mincom’s products, but establish the group as a market leader.
“ABB’s acquisition of Mincom and interest in the business is a vote of confidence in our products, service capability, R&D innovation, return on investment and growth prospects,” Mincom CEO Greg Clark says.
“This deal would not have been possible without our talented teams, who stayed focused through a difficult economic crisis, and our loyal customers who have stood by Mincom – many for more than 15 years,” he says.
To ensure continuity and prevent any disruption to customers, ABB plans to retain the management team and the Australia-based operations will continue as before.
Mincom’s headquarters and substantial R&D organisation
will also continue
to be based in Brisbane.
ABB is acquiring Mincom from Francisco Partners, a private equity group that invests in technology businesses, for an undisclosed sum.