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Publish Date : 12-Jun-2013

In order to boost its service offering in low and medium voltage drives and motors ABB declared that it is planning to buy UK-based Dynamotive Ltd, a privately owned company that designs, commissions and upgrades systems of drives, controls and motors for industrial and marine applications and automotive test rigs.

Following the acquisition, Dynamotive's owners will continue to work for ABB and it will be integrated into ABB's Drives and Controls business unit, led in the UK by Neil Ritchie.

Pekka Tiitinen, head of ABB's Drives and Controls business unit said, "The acquisition of Dynamotive will enable ABB to expand its service operations including upgrade and retrofit capabilities in low and medium voltage drives. Furthermore, it will help ABB to increase its sales of complete industrial motion packages, which include drives, motors, controls and related services. By combining Dynamotive's service and engineering capabilities with ABB's manufacturing capabilities and product know-how we will better serve our customers."

David Perkins, Dynamotive's managing director, who will continue to lead Dynamotive's operations under the ownership of ABB said, "We are excited about the opportunity to join forces with ABB. We are confident that our customers and employees will benefit from the increased level and quality of services that we can offer them. Through this deal we will get better access to ABB's drive, motor and control technology, as well as access to ABB's global sales and service network."

It is estimated that the transaction will be finished in June 2013.

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