ABB: acquisition of Lumin in the USA

(CercleFinance.com) - ABB announces the acquisition of Lumin, a US company specializing in reactive energy management systems, to strengthen its capabilities in the North American residential sector.


This transaction follows a strategic minority investment made in 2023.

Financial terms of the transaction were not disclosed.

The integration of Lumin's solutions will enable ABB to offer comprehensive residential energy management, addressing the growing demand for household electrification in the United States, where approximately 48 million homes require upgrades.

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