Divestiture May 2023 Verified
ABB transfers multisite retail energy management business to BrainBox AI
ABB is divesting its multi-site retail energy management system integrator business to BrainBox AI, with ABB framing the transfer as aligned with its building decarbonization mission.
“Mike Mustapha, president, Smart Buildings Division, ABB Electrification, said, “By transferring the MSR business to BrainBox AI, customers can leverage artificial intelligence to achieve better energy efficiency and decarbonization. This fully aligns with our mission to pursue building decarbonization jointly with our strategic partners.””
Entities
ABB · Parent BrainBox AI · Acquirer
HVAC
Source: www.achrnews.com
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