CMS ADVISES ABB ON THE ACQUISITION OF TEKOMAR
Zurich – CMS has advised ABB on the acquisition of Tekomar Group Ltd headquartered in Winterthur, Switzerland. ABB will further develop Tekomar's digital solution for engine analytics and advisory systems enabling better performance for marine customers. Advancing ABB capabilities in performance modelling and analysis, this acquisition will also further extend the group's ABB AbilityTM portfolio of digital products and services.
The transaction is expected to close during the fourth quarter of 2017.
ABB (ABBN: SIX Swiss Ex) is a pioneering technology leader in electrification products, robotics and motion, industrial automation and power grids, serving customers in utilities, industry and transport & infrastructure globally. Continuing more than a 125-year history of innovation, ABB today is writing the future of industrial digitalization and driving the Energy and Fourth Industrial Revolutions. ABB operates in more than 100 countries with about 132,000 employees.
Stefan Brunnschweiler, Lead Partner Switzerland ABB, Corporate/M&A
Mark Cagienard, Partner, Tax
Andrea Relly, Associate, Corporate/M&A