Zurich, Switzerland – ABB, a power and automation technology group, intends to acquire Dynamotive Ltd., Coalville, UK, to expand its service offering in low- and medium-voltage drives and motors.
Dynamotive designs, commissions and upgrades systems of drives, controls and motors for industrial and marine applications, and automotive test rigs. It has about 40 employees and is privately owned. Its owners will continue to work for ABB.
“The acquisition of Dynamotive will enable ABB to expand its service operations, including upgrade and retrofit capabilities in low- and medium-voltage drives. Furthermore, it will help ABB to increase its sales of complete industrial motion packages, which include drives, motors, controls and related services,” said Pekka Tiitinen, head of ABB’s Drives and Controls business unit.
Dynamotive will be integrated into ABB’s Drives and Controls business unit, led in the UK by Neil Ritchie. ABB is one of the world’s largest manufacturers of electric motors and drives. Drives adjust the speed of electric motors to match the actual demand of the application, thereby improving productivity and energy efficiency.
“We are excited about the opportunity to join forces with ABB. We are confident that our customers and employees will benefit from the increased level and quality of services that we can offer them,’’ said David Perkins, Dynamotive’s managing director, who will continue to lead Dynamotive’s operations under the ownership of ABB. “Through this deal, we will get better access to ABB’s drive, motor and control technology, as well as access to ABB’s global sales and service network.”
The transaction is expected to be completed during June 2013.