ABB Buys a Majority Stake in Meshmind

March 12, 2024
ABB's emphasis on strengthening its ecosystem through partnerships with universities, start-ups and now Meshmind, shows its dedication to advancing automation technologies.

ABB's recent acquisition of a majority stake in software service provider Meshmind marks a significant move in the realm of automation engineering, Control reported.

With a focus on artificial intelligence, IIoT and machine vision, ABB aims to bolster its research and development capabilities to enhance automation solutions within its Machine Automation division.

By integrating Meshmind's engineering talent and software expertise, ABB anticipates the formation of a new global R&D hub that will accelerate the development of adaptive and accessible automation solutions.

This strategic acquisition, set to close in the first quarter of 2024, emphasizes ABB's commitment to leveraging AI-powered robotics to address industry challenges and improve flexibility in manufacturing processes.

Partner publication Control explores the insights and implications for this acquisition in this article.

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