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ABB acquires R&D engineering company to further advance AI and software-driven automation

📅 Date:

🔖 Topics: Acquisition

🏢 Organizations: ABB, Meshmind, B&R Automation

ABB announced it has agreed to acquire a majority of software service provider Meshmind to expand its research and development capabilities in AI, Industrial IoT and machine vision. Through this acquisition ABB will integrate engineering talent, AI and software knowledge to form a new global R&D hub to further accelerate the development of innovative automation solutions within its Machine Automation division (B&R).

The integration of Meshmind’s approximately 50 employees will expand collaboration with B&R teams in a range of R&D projects, including deep learning vision systems, AI-enabled engineering tools, and IoT app development, from their office in Sarajevo, Bosnia, which will serve as B&R’s new global hub for AI and software development. Financial details of the transaction that is expected to close in Q1 2024 were not disclosed.

Read more at ABB News