ABB has four customer-focused businesses, Electrification, Industrial Automation, Motion, and Robotics & Discrete Automation, supported by the ABB Ability digital platform
The parties agreed not to disclose the purchase price.
Dublin-headquartered Cylon, which has approximately 100 employees, provides building automation and HVAC control solutions, delivering operational efficiency, energy and comfort solutions for commercial and retail buildings, schools and healthcare facilities.
Speaking about the portfolio additions to the smart building business, Oliver Iltisberger, ABB’s Head of Smart Buildings, said: “The acquisition will further enhance our portfolio of solutions for the commercial buildings segment, with a particular focus on delivering new innovations in energy-optimization and comfort.”
Sean Giblin, Chief Executive Officer of Cylon, said: “We are very excited to become part of ABB, a company that shares our commitment and passion for increasing comfort, energy and operational efficiency within buildings.”
Source: Company Press Release