ABB Intends Dynamotive Purchase
ABB intends to acquire Dynamotive Ltd. to expand its service offering. What will this expansion do for both companies and their customers?
Based in Coalville, U.K., Dynamotive designs, commissions, and upgrades systems of drives, controls, and motors for industrial and marine applications. Dynamotive has about 40 employees and is privately owned. Its owners will continue to work for ABB.
“The acquisition of Dynamotive will enable ABB to expand its service operations including upgrade and retrofit capabilities in low and medium voltage drives. Furthermore, it will help ABB to increase its sales of complete industrial motion packages, which include drives, motors, controls, and related services,” said Pekka Tiitinen, head of ABB's Drives and Controls business unit. “By combining Dynamotive’s service and engineering capabilities with ABB’s manufacturing capabilities and product know-how we will better serve our customers.”
Dynamotive will be integrated into ABB’s Drives and Controls business unit, led in the UK by Neil Ritchie.
“We are excited about the opportunity to join forces with ABB. We are confident that our customers and employees will benefit from the increased level and quality of services that we can offer them,’’ said David Perkins, Dynamotive’s managing director, who will continue to lead Dynamotive’s operations under the ownership of ABB. “Through this deal we will get better access to ABB’s drive, motor, and control technology, as well as access to ABB’s global sales and service network.”
The transaction is expected to be completed during June 2013.