Acquiring Company
BrainBox AI
Acquired Company
ABB
Montreal
ZurichSoftwareData And AnalyticsScience And EngineeringArtificial IntelligenceManufacturingInformation TechnologyRoboticsIndustrial AutomationDescription
BrainBox AI has closed the acquisition of the retail energy management system integrator business of its global partner ABB, following its intent to acquire announcement on April 28th. This acquisition represents a crucial step for BrainBox AI in terms of scalability and capacity to better service its current and prospective retail clients. With complementary solutions, both BrainBox AI and the EMS retail business team share the mission of decarbonizing and optimizing the commercial real estate sector, with multi-site retail at the core. By merging its deep-learning driven expertise with a native integration to legacy systems, BrainBox AI is setting the stage to further advance its position within the retail sector.
Quick answer
BrainBox AI is acquiring ABB, announced July 11, 2023. BrainBox AI is based in Montreal, Quebec, Canada.
- How much did BrainBox AI pay for ABB?
- The deal value was not disclosed.
- What does BrainBox AI do?
- About BrainBox AIFounded in 2017, BrainBox AI is redefining building automation and pioneering grid-interactive buildings through artificial intelligence to address the energy transition challenge.
- Where are BrainBox AI and ABB based?
- BrainBox AI is based in Montreal, Quebec, Canada. ABB is based in Zurich, Zurich, Switzerland.
- Who are the decision-makers at BrainBox AI?
- Fundz holds 2 contacts at BrainBox AI. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
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Who to call at BrainBox AI, and when
When BrainBox AI changes hands, the new owners review vendors, systems and leadership. That is when the door opens.
- An alert the day BrainBox AI raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at BrainBox AI, from your own LinkedIn network
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Related People
Frequently asked
Who acquired ABB?
ABB was acquired by BrainBox AI, based in Montreal. The deal was reported on July 11, 2023. About BrainBox AIFounded in 2017, BrainBox AI is redefining building automation and pioneering grid-interactive buildings through artificial intelligence to address the energy transition challenge. BrainBox AI is privately held and operates in Software.
When did BrainBox AI acquire ABB?
BrainBox AI's acquisition of ABB was reported on July 11, 2023. BrainBox AI has closed the acquisition of the retail energy management system integrator business of its global partner ABB, following its intent to acquire announcement on April 28th. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does ABB do?
ABB Ltd is an electrification and automation technology company headquartered in Zurich, Switzerland. It is publicly traded (ABBNY), operating in Manufacturing, and is based in Zurich.
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