ABB acquires Tekomar and extends its ABB AbilityTM digital offering
27 October 2017
ABB Turbo Systems Ltd. has signed an agreement to acquire Tekomar Group Ltd. headquartered in Winterthur, Switzerland. ABB will further develop Tekomar’s digital solution for engine analytics and advisory systems enabling better performance for marine customers. Advancing ABB capabilities in performance modelling and analysis, this acquisition will also further extend the group’s ABB AbilityTM portfolio of digital products and services. The transaction is expected to be closed during Q4 2017.
With this acquisition, ABB extends its digital portfolio with a propulsion performance monitoring so-lution targeted at two-stroke main engines and auxiliary engine applications. The solution will be in-tegrated into ABB’s established vessel optimization system, further enabling ship management com-panies to know more about their vessel operations and achieve more from their fleets for better busi-ness performance. It also offers a platform for cooperation with the engine licensors and builders.
Proven in the field, the operators of over 1,000 ships are already benefiting from this performance monitoring and advisory solution. It provides operators with recommendations for achieving opti-mized and original levels of engine performance. With this expertise from Tekomar, ABB is further advancing its marine industry and vessel operations experience to enhance value for customers.
Oliver Riemenschneider, Managing Director, ABB Turbocharging explained, “This acquisition is exactly the right fit with the existing strengths and capabilities of ABB in the marine industry, and with our strategic vision for developing value-driven digital solutions. As a global market player, ABB is perfectly positioned to bring to the highly globalized and demanding marine market a holistic digital solution for vessel and ship management. Tekomar’s solution is proven, well-established and a valuable exten-sion to our existing solutions. Our goal is to further empower customers to achieve the benefits of improved performance, reduced fuel consumption, and lower emissions, together with ABB.”
Juha Koskela, Managing Director, ABB Marine & Ports added, “This newly acquired solution from Tekomar rapidly increases the pace at which ABB strengthens its digital marine services portfolio. We are a key part of this digital industry transformation which brings true connectivity of vessels, meas-urement and monitoring, advanced solutions and powerful software for real actionable insights. What our customers gain from these next level solutions is increased productivity, driving their future prof-itability and competitive strength.”
Beat Güttinger, Tekomar co-founder and Head of Global Sales & Marketing, commented on the acquisi-tion, “The market reach of ABB and its heritage as an industrial market leader makes this a natural step for taking our Tekomar XPERT solution forward globally. As the marine industry embraces the oppor-tunities of digitalization for all aspects of optimization and performance improvement, this is an ex-citing time for the advancement of our solutions. We are looking forward to realizing what Tekomar and ABB can do together.”
Extending the ABB Group offering in digitalization, the performance monitoring of ship propulsion, including turbochargers will be embedded into ABB AbilityTM. ABB AbilityTM is integrated Industrial Internet platform, cloud infrastructure and solution portfolio based on ABB’s leading expertise in technologies, industries and digital to allow businesses to harness the power of industrial data.