ABB

ABB, headquartered in Zurich, Switzerland, is a global leader in power and automation technologies. With operations in over 100 countries, ABB offers a wide range of products, systems, solutions, and services for various industries, including electric, gas, and water utilities, as well as industrial and commercial customers. Its portfolio spans smart grids, robotics, renewable energy, marine vessels, and motors. ABB's business-led venture capital arm, ABB Ventures, invests in breakthrough technology companies aligned with ABB's strategic goals, focusing on sectors such as robotics, industrial IoT, AI/machine learning, energy transition, and electric mobility. Since its inception in 2009, ABB Ventures has deployed around $500 million into startups, with investments typically ranging from $1 to $20 million. Additionally, ABB Product Group Solar operates as a solar inverter business, and ABB Power Systems AB manufactures high-voltage direct current transmission equipment.

Craig McDonnell

Business Line Managing Director

Mads Moeller

Head of Ventures Electrification, Group VP

Mike Mustapha

President

C P Vyas

Vice President

Past deals in Electrical Equipment

Gamesa Electric - Power Electronics Business

Acquisition in 2024
Gamesa Electric - Power Electronics Business focused on energy conversion.

SIB Schlemmer

Acquisition in 2024
SIB Schlemmer produces connection systems such as cable glands, accessories, couplings, and conduits. SIB designs, manufactures, and sells brass, stainless steel, and plastic goods and accessories for the electrical, railway, shipping, and mining industries, as well as ATEX-certified items for hazardous areas and a broad range of products for the building sector. SIB has a long history of working with partners who are well-established in their respective nations.

Siemens - Wiring Accessories Business

Acquisition in 2024
Siemens - Wiring Accessories Business manufactures electrical switches, sockets, and other related products.

ChargeLab

Series A in 2022
ChargeLab Inc., established in 2015 and headquartered in Toronto, Canada, specializes in developing and manufacturing electronic vehicle charging stations. The company's core business lies in creating a hardware-agnostic, user-friendly platform that connects, manages, and optimizes various EV charging stations. ChargeLab caters to a diverse range of clients, including the Government of Canada, multinational real estate investment trusts, parking operators, and property managers. By offering affordable, turnkey charging services, the company enables businesses to deploy and manage large-scale EV charging networks efficiently.

Atom Power

Series B in 2020
Atom Power, Inc. is a manufacturer based in Charlotte, North Carolina, specializing in advanced electrical management solutions for the commercial power industry. Founded in 2014, the company develops a suite of intelligent products including Atom Switch, a circuit breaker, Atom Panel, a distribution panel, and Atom OS, a software platform that allows for the precise control and customization of electrical flow within buildings. These products are designed to enhance safety by managing electrical currents and improving the overall performance of electrical systems in commercial and industrial settings. Additionally, Atom Power is involved in the development of integrated electric vehicle charging solutions, which centralize charging and control to optimize performance and safety, contributing to reduced operational costs for clients.

Atom Power

Series A in 2017
Atom Power, Inc. is a manufacturer based in Charlotte, North Carolina, specializing in advanced electrical management solutions for the commercial power industry. Founded in 2014, the company develops a suite of intelligent products including Atom Switch, a circuit breaker, Atom Panel, a distribution panel, and Atom OS, a software platform that allows for the precise control and customization of electrical flow within buildings. These products are designed to enhance safety by managing electrical currents and improving the overall performance of electrical systems in commercial and industrial settings. Additionally, Atom Power is involved in the development of integrated electric vehicle charging solutions, which centralize charging and control to optimize performance and safety, contributing to reduced operational costs for clients.

GE Industrial Solutions

Acquisition in 2017
GE Industrial Solutions, rooted in a legacy that dates back 130 years to Thomas Edison, specializes in the design and manufacture of electrical circuits and systems for diverse sectors including commercial, healthcare, mining, and telecommunications. The company provides a comprehensive range of products such as automatic transfer switches, power systems, surge protective devices, switch gears, overhead relays, terminal blocks, motor controls, circuit breakers, and transformers. In addition to its product offerings, GE Industrial Solutions delivers various services, including defective parts repair, emergency repairs, and project management that encompasses scheduling, purchasing, tracking, engineering, and construction management. With a presence in over 60 countries, the company is dedicated to helping clients address their electrical distribution and power challenges through innovative solutions.

Atom Power

Series A in 2017
Atom Power, Inc. is a manufacturer based in Charlotte, North Carolina, specializing in advanced electrical management solutions for the commercial power industry. Founded in 2014, the company develops a suite of intelligent products including Atom Switch, a circuit breaker, Atom Panel, a distribution panel, and Atom OS, a software platform that allows for the precise control and customization of electrical flow within buildings. These products are designed to enhance safety by managing electrical currents and improving the overall performance of electrical systems in commercial and industrial settings. Additionally, Atom Power is involved in the development of integrated electric vehicle charging solutions, which centralize charging and control to optimize performance and safety, contributing to reduced operational costs for clients.

ELBI Elektrik

Acquisition in 2013
ELBI Elektrik designs and manufactures electrical wiring accessory products for the Turkish market, and exports to Eastern Europe with its own local sales organization.

Thomas & Betts

Acquisition in 2012
Thomas & Betts is a designer and manufacturer of a wide range of electrical and electronic connectors and components, serving global construction and original equipment manufacturer (OEM) markets. Headquartered in Memphis, Tennessee, the company operates across three primary segments: Electrical, Steel Structures, and Heating, Ventilation, and Air-Conditioning (HVAC). Its products are marketed directly to OEMs, utilities, and end-users, as well as through various distribution channels, including mass merchandisers and home improvement centers. The company's diverse portfolio caters to industrial, construction, retail, utility, and communications sectors, emphasizing quality and innovation in its offerings.

Newave Energy Holding

Acquisition in 2011
Newave Energy Holding engages in the development, manufacture, and sale of uninterruptible power supply (UPS) products.

Envitech Energy

Acquisition in 2011
Envitech Energy supplies rail electrical equipment and solutions for urban transportation applications.

Trasfor

Acquisition in 2011
Trasfor is a producer of dry-type transformers and inductors for low-voltage and medium-voltage applications.

Kuhlman Electric Corp.

Acquisition in 2008
Kuhlman Electric manufactures a wide range of high-quality transformers for the industrial and electric utility sectors.
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