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ABB to acquire AB Rotech to expand automotive welding solutions

Auto News - Published on Tue, 10 Jul 2018

Image Source: nasdaq.com
Reuters reported that ABB will acquire Turkey's AB Rotech, a privately-owned company specialising in robotic welding solutions and services for the automotive industry, the Swiss engineering company said.

ABB Robotics Managing Director Per Vegard Nerseth said in a statement that "This acquisition strengthens our position as partner of choice for automotive OEMs and Tier 1 suppliers in Turkey and beyond. It further strengthens our leading robotic solutions and customer intimacy, which is a clear competitive differentiator of ABB."

ABB said that the parties agreed not to disclose the value of the acquisition. The deal is expected to close later this year subject to regulatory approval.

Source :

Posted By : Rabi Wangkhem on Tue, 10 Jul 2018
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