The parties agreed to not disclose the value of the acquisition. The acquisition is subject to regulatory clearance and is expected to close later this year.

The acquisition will boost ABB’s robotic welding solutions offering and capability for all tiers in this growing automotive segment. According to the International Federation of Robotics, the automotive segment remains the world’s largest robotics market with a record 21 percent growth in 2017. Turkey’s production of cars and commercial vehicles is anticipated to grow faster than its Gross Domestic Product due to the country’s increasing export business focus.

AB Rotech has been an ABB system integrator under ABB’s Authorized Value Provider program and has grown its business to become a well-established national robot integrator in the automotive sector.

Located close to one of the largest Turkish automotive hubs, AB Rotech brings leading solutions competence and resources in robot welding, including arc-, spot-, and laser welding and, in addition, machining and tooling capabilities. At closing, AB Rotech will become part of the Robotics business of ABB’s Robotics and Motion division and a new regional application center focusing on welding solutions for the automotive industry in Turkey and South Eastern Europe.

Together with ABB’s already established European automotive regional application centers for robotic welding solutions in Gothenburg, Sweden and Prague, Czech Republic, AB Rotech will help provide enhanced coverage across the entire European region.

About ABB

ABB is a technology provider of electrification products, robotics and motion, industrial automation and power grids, serving customers in utilities, industry and transport & infrastructure globally. Continuing a history of innovation spanning more than 130 years, ABB today is writing the future of industrial digitalization with two clear value propositions: bringing electricity from any power plant to any plug and automating industries from natural resources to finished products. As title partner of Formula E, the fully electric international FIA motorsport class, ABB is pushing the boundaries of e-mobility to contribute to a sustainable future. ABB operates in more than 100 countries with about 135,000 employees.

For more information, visit www.abb.com.

About ABB Robotics

ABB Robotics is a provider of industrial and collaborative robots and advanced digital services. As robotics suppliers, they are active in 53 countries and over 100 locations and have shipped over 400,000 robot solutions in a diverse range of industries and applications. For more information, visit www.abb.com/robotics.