ABB buys SEAM Group for power predictive maintenance
ABB is to acquire the SEAM Group in Ohio for its predictive maintenance technologies in electrification.
The deal to buy SEAM strengthens the ABB Electrification Service low- and medium-voltage offering to meet the increasing industrial demands to modernize and optimize assets for safer, smarter, and more sustainable operations. This strategic investment combines ABB’s leading-edge technologies and service portfolio with SEAM’s expertise in predictive/preventive/corrective maintenance, electrical safety, renewables, custom training, asset management advisory, and advanced technology-driven data management to deliver safety and operational excellence.
The group operates at over 3,000 sites in the US, the Americas, EMEA, and Asia for 800 customers where power availability and reliability are critical such as logistics and distribution, data centres, healthcare, manufacturing, and renewables, including the rapidly evolving EV charging infrastructure market. IN 2019 it acquired Balticberg in Warsaw, Poland.
The transaction is subject to regulatory approval and is expected to close in Q3 2024. Financial terms were not disclosed.
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“This next chapter with ABB represents a thrilling leap forward for our valued customers,” said SEAM Group Chief Executive Officer Colin Duncan. “By joining forces, we unlock exciting synergies: shared customer focus, a united drive for sustainability, and complementary service portfolios. Together, we will deliver new levels of operational performance while supporting companies in their energy transition. We look forward to integrating the best of SEAM Group and ABB, ultimately delivering unparalleled value to our clients.”
“For many industries, every minute of production time counts. Proactive asset management is now a priority for industrial companies to guarantee peak performance of electrical systems and overall operational efficiency, safety, and sustainability,” said Stuart Thompson, Division President, ABB Electrification Service. “This acquisition is part of our ongoing strategy to create a new force in electrification service, broadening our offering and footprint in the U.S. By sharpening our approach in one of our key markets, we will be able to offer customers complete asset lifecycle management services while expanding our field service coverage across North America.”
www.seamgroup.com; www.abb.com
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