December 02, 2008

ABB acquires Vectek Electronics in new Zealand

ABB, the leading power and automation technology group announced that it has acquired the business of Vectek Electronics, a New Zealand company with innovative technology that improves the quality of the power supply in industrial installations, which helps to reduce downtime and increase productivity.

Vectek Electronics has 73 employees as well as a research and development center in the town of Napier and will operate as part of ABB’s Automation Products division. Terms of the transaction are not being disclosed.

Mr Tom Sjoekvist head of the Automation Products division said that “Vectek is an ideal addition to our portfolio of technologies that help customers increase power reliability, productivity and energy efficiency. ABB’s global scope will enable customers on every continent to benefit from this new technology.”

ABB is a leader in power and automation technologies that enable utility and industry customers to improve their performance while lowering environmental impact. The ABB group of companies operates in around 100 countries and employs more than 110,000 people.