ABB to acquire Tropos networks

Zurich, Switzerland, June 1, 2012 – ABB, a power and automation technology group, has agreed to acquire Tropos Networks Inc., a Silicon Valley-based company that develops and markets wireless technologies and products for distribution area communication networks. The acquisition will expand ABB’s communications systems offering for customers in the power, transportation, mining and public infrastructure sectors.

The company’s wireless Internet Protocol (IP) broadband solutions focus on reliability, security and scalability, key characteristics for essential services in smart grid and other outdoor industrial applications.

As power grids and other critical infrastructure become increasingly reliant on automation, demand for cost-effective, reliable and secure communication solutions is growing.

ABB’s comprehensive suite of communication solutions provides a foundation for mission-critical networks and is an enabler for smarter grids. Solutions for fixed-wire, narrowband, broadband and wireless connections play an important role in ensuring the reliability of modern power systems.
The transaction is expected to close in the third quarter of 2012.

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