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ABB buys Austrian group to boost industrial automation

ABB buys Austrian group to boost industrial automation

Tuesday, April 4, 2017, 12:28 PM

ABB has bought Austrian group Bernecker + Rainer Industrie-Elektronik, the Swiss engineering company said on Tuesday, helping it to challenge German rival Siemens in the industrial automation sector. The biggest deal under Chief Executive Ulrich Spiesshofer's four-year leadership is part of ABB's strategy of expanding its product line-up beyond processing raw materials, where price swings have dented demand from oil and gas companies.
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