Posted to News on 29th Aug 2024, 09:00
ABB strengthens its position in continuous emission monitoring
ABB has signed an agreement to acquire Fodisch Group, a leading developer of advanced measurement and analytical solutions for the energy and industrial sectors. The acquisition enhances ABB's offering in continuous emission monitoring systems (CEMS).
Through the acquisition, ABB will widen its portfolio to meet customers' most demanding measurement challenges. Fodisch Group reported about 50 million in revenue and approximately 250 employees in 2023. The transaction is subject to customary closing conditions. Financial details of the transaction, which is expected to close before the end of the year, were not disclosed.
Headquartered in Markranstadt, Germany, where it operates a 3,000 m2 production facility, and with further facilities across Germany, the Netherlands and China, Fodisch Group offers solutions for addressing environmental, inspection and certification challenges across industries. Used in power plants, waste incineration facilities, the paper, glass and cement industries, Fodisch Group's analyser and dust solutions enable companies to cost-effectively track emissions of pollutants.
Fodisch Group's extensive offering complements ABB's portfolio of measurement and analytics solutions with additional continuous gas analysers and dust measurement solutions. Supported by ABB's global distribution and service network, customers will benefit from a comprehensive suite of solutions that help address the world's energy and sustainability challenges.
Key to enhancing the sustainability of industrial operations, measurement and analytics technologies enable reliable process measurement, providing real-time data and insights to help improve efficiencies and reduce emissions.
"The acquisition of Fodisch Group underscores ABB's commitment to providing advanced continuous emission monitoring systems that have become vital for companies to monitor and mitigate emissions and comply with environmental regulations," said Jacques Mulbert, President of ABB's Measurement and Analytics division.
"We are very impressed by what the Fodisch Group has achieved and are eager to welcome their team to the ABB family. Integrating the Fodisch Group into ABB will unlock significant opportunities for new and existing customers."
