ABB acquires Obvient Strategies
The transaction will further enhance ABBÂ’s software offering for asset management, power distribution automation and smart grid applications.
Obvient offers software and services for industries and utilities with geographically dispersed assets. The companyÂ’s business intelligence software collects, analyzes and reports critical real-time as well as periodic information. This supports decision-making and helps users to optimize operations.
As well as helping to manage complex operations, the solutions also reduce operating costs and improve asset reliability. ObvientÂ’s unique products compile the power transmission and distribution sectorÂ’s best business practices into prepackaged solutions. This enables companies to monitor and manage their distributed assets more effectively, on a real-time and event-driven basis.
“The Obvient portfolio is highly complementary to our own software solutions for the power sector," said Jens Birgersson, head of ABB’s Network Management business within ABB’s Power Systems division. “It significantly strengthens our software-based solutions, enabling us to provide better service to our customers, from asset health and customer care to distribution and outage management.”
ABB plans to retain the Obvient team and place its executives in key roles within the Ventyx product management organization. The company has offices in Alpharetta, Georgia, near Atlanta, and a staff of 40.
“We are delighted to join the global ABB family. We have already worked together on a number of projects and joining our complementary portfolios makes perfect sense,” said Ray Kasten, president and CEO of Obvient Strategies. “This move will enable Obvient to enhance support for our rapidly growing customer base while accelerating our product development initiatives.”
Related News
New EPA power plant rules will put carbon capture to the test
WASHINGTON - New public and private funding and expected strong federal power plant emissions reduction standards have accelerated electricity sector investments in carbon capture, utilization and storage,’ or CCUS, projects but some worry it is good money thrown after bad.
CCUS separates carbon from a fossil fuel-burning power plant’s exhaust for geologic storage or use in industrial and other applications, according to the Department of Energy. Fossil fuel industry giants like Calpine and Chevron are looking to take advantage of new federal tax credits and grant funding for CCUS to manage potentially high costs in meeting power plant performance requirements, including…
