ABB: new strategic investment in Pratexo
(CercleFinance.com) - ABB announces that it has made a second strategic investment in Pratexo, a US company specializing in edge-to-cloud software solutions.
This partnership is in line with ABB Ventures' strategy, which has invested $450m since 2009 to support startups aligned with its electrification, robotics and automation businesses.
The deal aims to develop innovative digital solutions to improve the management of electrical assets, reduce unplanned outages and extend the life of critical equipment.
The financial details were not disclosed.
Copyright (c) 2024 CercleFinance.com. All rights reserved.
This partnership is in line with ABB Ventures' strategy, which has invested $450m since 2009 to support startups aligned with its electrification, robotics and automation businesses.
The deal aims to develop innovative digital solutions to improve the management of electrical assets, reduce unplanned outages and extend the life of critical equipment.
The financial details were not disclosed.
Copyright (c) 2024 CercleFinance.com. All rights reserved.