ABB Snatches IKS

Jan. 11, 2011
Continuing on the acquisition trail, ABB Ltd. followed up its blockbuster Baldor deal with announcement of a much smaller deal. 
ABB said on Dec. 6 that it has agreed to acquire the business of Insert Key Solutions Inc. (IKS,, Chadds Ford, Pa., a privately owned software provider to the power industry. IKS has an extensive customer base in the thermal and nuclear power sectors, and a staff of 50 people, ABB said. Terms were not disclosed. ABB will add IKS’ solutions to its Ventyx software portfolio, obtained last year with the acquisition of Ventyx Inc. (, an Atlanta-based software supplier to the energy industry. That deal was valued at more than $1 billion when it was announced in May 2010. The combination will build on industry-leading asset lifecycle management software from Ventyx, ABB said, creating a comprehensive solution set for asset and work management, maintenance optimization, and equipment reliability.ABB Key Solutions Inc., IKSwww.insertkey.comVentyx

Subscribe to Automation World's RSS Feeds for News

Sponsored Recommendations

Measurement instrumentation for improving hydrogen storage and transport

Hydrogen provides a decarbonization opportunity. Learn more about maximizing the potential of hydrogen.

Learn About: Micro Motion™ 4700 Config I/O Coriolis Transmitter

An Advanced Transmitter that Expands Connectivity

Learn about: Micro Motion G-Series Coriolis Flow and Density Meters

The Micro Motion G-Series is designed to help you access the benefits of Coriolis technology even when available space is limited.

Micro Motion 4700 Coriolis Configurable Inputs and Outputs Transmitter

The Micro Motion 4700 Coriolis Transmitter offers a compact C1D1 (Zone 1) housing. Bluetooth and Smart Meter Verification are available.