ABB Acquires R&D Company To Acquire AI And Software-Driven Automation

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  • ABB’s Strategic Investment in Meshmind.
  • Meshmind will serve as a new global Research and Development hub.
  • Technology leader in electrification and automation is committed to enabling more sustainability.

ABB has announced its agreement to acquire a majority of software service provider Meshmind to enhance its capabilities in AI, Industrial IoT, and machine vision, reports ABB.

The acquisition is part of ABB’s commitment to advancing research and development in software engineering and AI-based applications, with a specific focus on machine learning and vision.

New R&D Hub for Machine Automation

Meshmind will serve as a new global Research and Development hub for ABB’s Machine Automation division (B&R), particularly concentrated on industries like logistics and manufacturing.

The integration of Meshmind’s approximately 50 employees aims to accelerate collaboration with B&R teams in various R&D projects, including deep learning vision systems, AI-enabled engineering tools, and IoT app development.

Strategic Focus on AI-Powered Solutions

ABB emphasizes the transformative potential of AI-powered robotics and automation in addressing global trends and workforce challenges.

The acquisition aims to expedite the development of innovative automation solutions, making them more adaptive and accessible for businesses of all sizes.

Financial Details and Closing

The financial details of the transaction remain undisclosed, and the acquisition is expected to conclude in Q1 2024.

Meshmind’s Role in ABB’s Ecosystem

Meshmind’s integration aligns with ABB’s broader ecosystem, involving universities, partners, and start-ups, reinforcing the company’s capacity and expertise in creating solutions that simplify customers’ operations and shape the future of industries.

Synergy with Recent Acquisitions

This move complements ABB’s recent acquisition of Sevensense, a leading provider of AI-enabled 3D vision navigation technology for autonomous mobile robots.

Together, these acquisitions underscore ABB and B&R’s strategic investment focus on innovative AI and software solutions to enhance productivity and efficiency for their customers.

ABB’s Technological Leadership

ABB, a technology leader in electrification and automation, is committed to enabling a more sustainable and resource-efficient future.

With over 140 years of excellence, ABB’s approximately 105,000 employees are dedicated to driving innovations that accelerate industrial transformation, connecting engineering know-how and software to optimize manufacturing, movement, power, and operations.

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Source: ABB

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