ABB: acquisition of a minority stake in ESS
(CercleFinance.com) - ABB announces that it has entered into a strategic collaboration with Austrian company Engineering Software Steyr GmbH (ESS) to develop simulation tools that will transform automotive paint shop operations while reducing costs by up to 30%.
As part of this collaboration, ABB will take a minority stake in ESS.
Financial details of the investment were not disclosed.
Thanks to this solution, a manufacturer producing 300,000 vehicles has the potential to reduce its CO2 emissions by almost 17,000 tons per year, equivalent to flying around the world 19 times by airliner, ABB assures.
Copyright (c) 2024 CercleFinance.com. All rights reserved.
As part of this collaboration, ABB will take a minority stake in ESS.
Financial details of the investment were not disclosed.
Thanks to this solution, a manufacturer producing 300,000 vehicles has the potential to reduce its CO2 emissions by almost 17,000 tons per year, equivalent to flying around the world 19 times by airliner, ABB assures.
Copyright (c) 2024 CercleFinance.com. All rights reserved.