Leading supplier of enterprise asset management software solutions

ARC Advisory Group market study names ABB #1 EAM supplier in Asia and Latin America; #1 worldwide in power generation, transmission and mining sectors

ABB has been ranked as a global leader in Enterprise Asset Management (EAM) software across significant regions and market sectors, according to a recent research study by ARC Advisory Group, a leading research and advisory firm. The findings are part of ARC’s comprehensive market and technology analysis entitled “Enterprise Asset Management and Field Service Management Solutions Worldwide Outlook”.

Mincom, acquired by ABB in July 2011, was ranked the leading global EAM supplier to the mining and minerals, and electricity transmission and distribution sectors; and ranked second EAM provider to the aerospace and defense sector. Mincom was also named lead EAM provider in Asia and Latin America.

Ventyx, acquired by ABB in June 2010, maintains second position among EAM vendors serving the global electric power generation, refining, and water and wastewater sectors. It has also been rated the second-leading EAM market leader in North America.

With the combined business of Mincom and Ventyx, ABB is now the world’s largest supplier of EAM to the electric power generation market.

Ralph Rio, ARC’s author of the study comments-“Mincom and Ventyx have complementary strengths across many key industries and geographies. The combination of these two impressive vendors has catapulted ABB into a leadership position for EAM solutions across many significant segments.”

“The addition of market-leading solutions from Ventyx and Mincom to our existing offering provides ABB with an unparalleled portfolio of enterprise asset management solutions,” said Jens Birgersson, head of the Network Management business, a part of ABB’s Power Systems division. “These solutions are aimed at enhancing asset health and productivity, and improving the overall business performance of customers.”

As processes that drive mission-critical physical assets become ever more automated, software is becoming a key enabler and an essential management tool in asset-intensive industries. The benefits of real-time information management and enterprise-wide visibility are key differentiators in a highly competitive sector.

EAM solutions facilitate the management of an organization’s fleet of physical assets over their entire lifecycle, from design and production, through commissioning, operations and maintenance, to decommissioning and recycling. Managing these aspects on a company-wide basis reduces downtime, optimizes investment and maintenance costs and extends the operational life of installations, thereby enhancing operational performance and minimizing total cost of ownership.

Acquisition to broaden software portfolio!

ABB completes acquisition of Mincom
Enterprise software business to strengthen and expand offering for natural resources, smarter grids and other asset-intensive industries

ABB has completed its acquisition of Mincom, the privately owned software company, specializing in solutions for mining and other asset-intensive industries.

The acquisition establishes ABB as the world’s leading provider of Enterprise Asset Management (EAM) software and services, further enhancing the Group’s position in the key growth sectors of natural resources and energy.

The ABB Group of companies operates in around 100 countries and employs about 130,000 people.

See our earlier report Acquisition to broaden software portfolio (9/5/2011).

Acquisition to broaden software portfolio!

Mincom to be acquired by ABB

ABB is acquiring the Australian company, Mincom, from Francisco Partners, a private equity group that invests in technology businesses, for an undisclosed sum. The transaction is subject to customary regulatory approvals.

Mincom brings expertise and experience in a range of industries, and a comprehensive set of solutions for applications such as EAM, mining operations and mobile workforce management. Mincom has nearly 1,000 employees and annual revenues of approximately $200 million. With a distribution network in 19 countries, the company is a leading software player in the Asia-Pacific and Latin America regions, with customers including 17 of the top 20 global mining groups, as well as businesses in the energy sector, defense and other asset-intensive industries.

“The acquisition of Mincom is part of our strategy to continuously broaden our software offering," said Joe Hogan, CEO of ABB. “Mincom helps us to increase the depth of our enterprise asset management offering, building our position as a leader in the key growth sectors of natural resources and energy. For our customers this means extending the life of their infrastructure, optimizing asset management and reducing the overall cost of ownership.”

To ensure continuity for customers, ABB will retain the Mincom management team and its operations will be added to Ventyx, ABB’s dedicated software business.

The Ventyx portfolio combines information and operational technologies (IT and OT) to optimize asset performance, integrate business processes and deliver insight into global business operations. Mincom’s strong presence in the natural resources sector is complementary to ABB’s expertise in mining control systems and its leading position in energy management technology.

“Joining forces with ABB is a logical next step in the development of our company and a strong validation of the business, our people and our products,” said Greg Clark, CEO of Mincom. “It will expand our global reach and service capabilities,