ABB, a global technology company, has announced its plans to acquire SEAM Group, a leading provider of energised asset management and advisory services for industrial and commercial building markets. The acquisition will enhance ABB’s Electrification Service offering by providing customers with additional expertise in predictive, preventive, and corrective maintenance, electrical safety, renewables, and asset management advisory services. The transaction is subject to regulatory approvals and is expected to be completed in the third quarter of 2024. The financial details of the acquisition were not disclosed.
SEAM Group offers a comprehensive range of services, including strategic advisory, customised training, advanced technology solutions, and data management, to help clients improve safety and operational performance, ensuring maximum uptime and productivity for their assets.
With nearly 250 employees and a strong presence across the Americas, EMEA, and Asia, SEAM Group supports over 800 active clients and more than 1 million energised assets across various industries, including commercial buildings, data centres, healthcare, manufacturing, and renewables, including EV charging infrastructure. Its extensive customer base and expertise in critical sectors will allow ABB to expand its low- and medium-voltage services, particularly in areas where reliable and available power is crucial.
Stuart Thompson, Division President of ABB Electrification Service, emphasised the importance of proactive asset management for industrial companies to optimise electrical systems’ performance, operational efficiency, safety, and sustainability. He stated that the acquisition aligns with ABB’s strategy to enhance its presence in the US market, providing customers with complete asset lifecycle management services and expanding field service coverage across North America.
Colin Duncan, CEO of SEAM Group, expressed the synergies between the two companies, from their shared values of customer focus and collaboration to their complementary portfolios. He highlighted the opportunity to deliver new levels of operational performance and support companies in their energy transition. Duncan looks forward to joining ABB and leveraging the best of SEAM Group and ABB to benefit their customers.
For more information visit www.global.abb/group/en
