ABB acquires French software company Newron System
Transaction is in line with ABB’s expansion strategy in automation solutions for buildingsZurich, Switzerland, 5. August, 2013 – ABB, the leading power and automation technology group, has acquired French software company Newron System S.A. to expand its market reach and offering for channel partners in automation solutions for buildings. The parties agreed not to disclose the terms of the transaction. Toulouse-based Newron System, whose annual sales are less than $10 million, develops software for building-automation solutions and sells it via high-end distributors and installers. The