ABB: acquisition of Sensorfact in the Netherlands
The acquisition further expands ABB's digital energy management offering and is expected to be completed in Q1 2025. Financial terms were not disclosed.
Sensorfact offers a scalable SaaS (Software as a Service) solution that helps small and medium-sized businesses use AI in their operations and energy management to reduce costs and increase efficiency.
The company employs more than 250 people in Utrecht, Amsterdam, Barcelona and Berlin and has more than 1,900 customers across Europe.
Massimiliano Cifalitti, president of ABB's Smart Power division, said: ' ABB and Sensorfact are dedicated to helping companies improve energy efficiency, reduce maintenance costs and boost production. ABB is expanding its portfolio of energy management solutions that use big data and AI to make power distribution and energy management both efficient and smart'.
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