ABB announced Jan. 18 that it’s acquiring a majority stake in software service provider Meshmind to expand its research and development capabilities in AI, IIoT and machine vision. This acquisition will let ABB integrate engineering talent, AI and software knowledge to form a new global R&D hub to further accelerate development of automation solutions in its Machine Automation division, formerly known as B&R. Financial details of the transaction that’s expected to close in 1Q24 were not disclosed.
“AI-powered robotics and automation have the power to transform industries, providing businesses with greater flexibility and intelligence amidst critical global trends and workforce challenges,” says Sami Atiya, president of ABB’s Robotics and Discrete Automation business area. “This acquisition will further accelerate development of our software and AI-powered solutions to make automation more adaptive and accessible, enabling businesses of all sizes to become more resilient.”
Integrating Meshmind’s approximately 50 employees will expand collaboration with B&R teams in a range of R&D projects, including deep learning vision systems, AI-enabled engineering tools, and IoT app development. Meshmind’s office in Sarajevo, Bosnia, will serve as B&R’s new global hub for AI and software development.
“This acquisition builds on our successful relationship with Meshmind to establish a new global R&D hub for B&R,” adds Joerg Theis, president of the Machine Automation division. “As part of our wider ecosystem that includes universities, partners and start-ups, this latest investment will strengthen our capacity and expertise to create solutions that make our customers' lives easier, helping them shape the future of their industries.”
