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,

Acquisition builds on industry-leading asset lifecycle management

ABB acquires Insert Key Solutions to further strengthen software offering

This is the second acquisition notice in seven days when the acquisition of Baldor by ABB was announced.

ABB is to acquire the business of Insert Key Solutions (IKS), a privately owned specialist software provider, adding IKS’ solutions to its recently acquired Ventyx software portfolio. The move will create a comprehensive solution set for asset and work management, maintenance optimization, and equipment reliability.

Based in Pennsylvania in the United States, IKS specializes in delivering software solutions for process improvement, increased equipment reliability and operational performance in power generation plants, and transmission and distribution networks. The company has an extensive customer base in the thermal and nuclear power sectors, and a staff of 50 people.

“Insert Key Solutions provides a highly complementary offering to our solutions for the power industry," said Jens Birgersson, head of the Network Management business within ABB’s Power Systems division. “It significantly strengthens our software-based solutions, which optimize equipment reliability, asset health and maintenance services for asset-intensive industries.”

“We are excited to become a part of the Ventyx team and the ABB family. We not only share complementary solutions, but also the same dedication to excellence and customer focus,” said Evan Niemkiewicz, President and CEO of Insert Key Solutions. “This integration enables us to fortify our infrastructure and product lifecycles and to take our solutions to a broader set of industries and geographies. I am confident it is the best path forward for our customers and our company.”

ABB plans to retain the IKS team and will place IKS executives in key roles within the Ventyx team responsible for Asset Suite, eSOMS (asset and operations management software), and IKS solutions.