ABB Turbo Systems signs deal to acquire Tekomar

26 October 2017 (Last Updated November 1st, 2017 09:18)

ABB Turbo Systems has entered an agreement to acquire Switzerland-based Tekomar Group for an undisclosed amount.

ABB Turbo Systems has entered an agreement to acquire Switzerland-based Tekomar Group for an undisclosed amount.

The acquisition is expected to strengthen ABB’s Ability digital product portfolio with the addition of a propulsion performance monitoring solution optimised for two-stroke main engines and auxiliary engine applications.

The company intends to continue the development of Tekomar’s digital solution for engine analytics and advisory systems in order to provide better performance for marine customers.

ABB Turbocharging managing director Oliver Riemenschneider said: “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 globalised and demanding marine market a holistic digital solution for vessel and ship management.”

“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.”

The Tekomar XPERT solution will be integrated into ABB’s vessel optimisation system to allow its customers to procure a greater amount of information regarding their vessel operations, as well as optimise their business performance.

It has already been utilised by operators of more than 1,000 ships and is also expected to assist ABB in developing further cooperation with engine licensors and builders.

Tekomar co-founder and Global Sales & Marketing Head Beat Güttinger said: “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 opportunities of digitalisation for all aspects of optimisation and performance improvement, this is an exciting time for the advancement of our solutions.”

The acquisition is expected to finalised by the end of this year.