330104-07-22-10-02-00 ABB’s latest investment will accelerate the development of software engineering and AI-based applications, including machine learning and vision.
? will serve as a new research and development center to accelerate the development of AI solutions in ABB’s Mechanical Automation business unit (B&R), with a focus on industries such as logistics and manufacturing.
ABB announced on January 18 that it has agreed to acquire a majority stake in software services provider Meshmind to expand its research and development capabilities in the fields of artificial intelligence, industrial Internet of Things and machine vision. With the acquisition, ABB will combine engineering talent, artificial intelligence and software knowledge to form a new global research and development center to further accelerate the development of innovative automation solutions in its Mechanical Automation business unit (B&R).
“Ai-powered robotics and automation can drive industry change, providing greater flexibility and intelligence to330104-07-22-10-02-00 businesses in key global trends and workforce challenges,” said Martin Asley, president of ABB’s Robotics and Discrete Automation division. With this acquisition, we will further accelerate the development of software and AI solutions that make automation more adaptive and accessible, helping businesses of all sizes become more flexible.”
Meshmind’s approximately 50 employees will integrate into B&R and collaborate to expand the boundaries of B&R teams’ R&D projects, including machine vision deep learning, AI-enabled engineering tools, and iot application development. The projects will take place from its office in Sarajevo, Bosnia, which will also become B&R’s new global hub for artificial intelligence and software development. Financial details of the transaction, which is expected to close in the first quarter of 2024, were not disclosed.
Joerg Theis, president of ABB’s Machine Automation business, said: “This acquisition builds on our successful collaboration with Meshmind to establish a new global R&D centre for B&R. As part of our broader ecosystem, which includes universities, partners and start-ups, this latest investment will strengthen our capabilities and expertise to create330104-07-22-10-02-00 solutions that make it easier for our customers and help them shape the future of their industry.”
This investment coincides with ABB’s recent acquisition of Sevensense, a leading provider of AI-powered 3D visual navigation technology for autonomous mobile robots. Together, the two acquisitions highlight ABB and B&R’s strategic investment focus on innovative AI and software solutions to deliver value to customers through the most efficient technologies.
