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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| ABB Ltd | NYSE:ABB | NYSE | Common Stock |
| Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 37.13 | 0 | 01:00:00 |
From May 2019 to May 2024
By Joshua Kirby
ABB Ltd. said Friday that it has acquired Codian Robotics BV, a supplier of robots.
The Swiss engineering company said the acquisition of the Dutch robotics maker, which employs 20 people world-wide, increased its presence in the field of delta robots.
This type of parallel arm robot is used in high-precision pick-and-place operations, and is ideal for hygiene-sensitive industries such as food and beverage and pharmaceuticals, ABB said.
The deal was signed Thursday and both parties agreed not to disclose any financial details, ABB said.
"With Codian Robotics we are acquiring one of the world's most successful suppliers of delta robots with an extraordinary track record in the machine builders' sector," Hans Wimmer, president of ABB's machine automation division, said.
Write to Joshua Kirby at joshua.kirby@dowjones.com
(END) Dow Jones Newswires
October 02, 2020 03:32 ET (07:32 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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