- 05 Mar 2025
- ICICIdirect Research
ABB MOTION HAS ANNOUNCED A STRATEGIC INVESTMENT THROUGH ABB MOTION VENTURES
ABB - 5151 Change: 32.80 (0.64 %)News: ABB Motion has announced a strategic investment through ABB Motion Ventures in the AI start-up UptimeAI, aiming to transform how industrial customers manage the health and performance of motors, drives, and related assets. The transaction consists of ABB taking a minority stake in UptimeAI. Soenke Kock, ABB Motion Services R&D Manager and Head of Development IoT and Analytics said "by joining forces with UptimeAI, we are applying advanced technology and expert knowledge to strengthen asset health and performance management. With reliable data insights, decision-makers are equipped to identify gaps, optimize
energy efficiency, and exercise tighter control over operations, ultimately increasing asset availability and improving profit potential.
View: ABB Motion Ventures has deployed around $500 million into startups. It looks for breakthrough technology companies aligned with ABB's goal. We believe the strategic tie-up will bring in efficiency of operations for ABB's customers.
Impact: Positive