ABB: acquires Lumin in US
(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.
The 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 US, where approximately 48 million homes require upgrades.
Copyright (c) 2025 CercleFinance.com. All rights reserved.
This transaction follows a strategic minority investment made in 2023.
The 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 US, where approximately 48 million homes require upgrades.
Copyright (c) 2025 CercleFinance.com. All rights reserved.