Subscribe and listen to AW’s podcast!
Subscribe and listen to the Automation World Gets Your Questions Answered podcast!
Listen Here

ABB Snatches IKS

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.


Insert Key Solutions Inc., IKS

Ventyx Inc.

Subscribe to Automation World's RSS Feeds for News

Test Your Machine Learning Smarts
Take Automation World's machine learning quiz to prove your knowledge!
Take Quiz
Test Your Machine Learning Smarts
Discover New Content
Access Automation World's free educational content library!
Unlock Learning Here
Discover New Content