ABB

ABB is a global technology leader in power and automation technologies. Established in 1988, it operates in around 100 countries, offering digital solutions for industries such as robotics, smart grids, renewable energy, marine vessels, and motors. ABB Ventures, its business-led venture capital arm founded in 2009, invests in breakthrough technology companies aligned with ABB's goal of writing the future of industrial electrification and automation.

Franziska Bossart

Investor

Malin Carlstrom

Investor

Kurt Kaltenegger

Vice President

Craig McDonnell

Business Line Managing Director

Mike Mustapha

President

Mads Moeller

Head of Ventures Electrification, Group VP

C P Vyas

Vice President

Morten Wierod

CEO

Past deals in Industrial Machinery

UptimeAI

Venture Round in 2025
UptimeAI employs Artificial Intelligence and industry expertise to anticipate, diagnose, and provide proactive solutions for manufacturing operations. It helps manufacturers minimize surprises and optimize their processes.

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.

Ndustrial

Series B in 2024
Ndustrial provides analytical engines that enhance businesses' production control, improve energy efficiency, and minimize waste. Primarily serving mid-tier manufacturers, they integrate legacy data, streamline Industrial IoT deployments, and host predictive control algorithms to optimize operations globally.

SEAM Group

Acquisition in 2024
Founded two decades ago as Lewellyn Technology, SEAM Group specializes in workplace safety services. Initially focused on electrical safety training for maintenance workers, the company has expanded its offerings to include Arc Flash, Combustible Dust, and Lockout/Tagout safety, along with assessments, consulting, engineering, and training. With a team of industry experts committed to practical and thorough safety solutions, SEAM Group serves clients across various industries globally.

Viking Analytics

Series A in 2023
Viking Analytics AB is a software development company based in Gothenburg, Sweden, that specializes in analytics solutions for the manufacturing, chemical, and process industries. Established in 2012, the company offers its flagship product, MultiViz, which enables industrial clients to prepare, analyze, and visualize sensor data and condition monitoring information. This advanced software enhances machine failure analysis and prediction, allowing users to identify potential issues and operational inefficiencies with greater accuracy than traditional methods. By facilitating effective remote monitoring, Viking Analytics helps maintenance firms, OEMs, and system integrators reduce unplanned maintenance breaks and optimize processes and energy use, all while minimizing false alarms and eliminating the need for dedicated AI teams.

Siemens - Low Voltage NEMA Motor Business

Acquisition in 2022
Siemens - Low Voltage NEMA Motor Business consisted of a line of horizontal and vertical induction motors serving industries such as food and beverage, oil and gas, mining and aggregate, and water and wastewater.

MTEK

Venture Round in 2020
MTEK Industry AB, founded in 2002 and based in Alfta, Sweden, specializes in developing and deploying software and solutions for real-time intelligent and collaborative production within the small parts assembly sector. The company offers the MTEK MBrain Software Suite, which digitizes and virtualizes production flows across factory lines by correlating production and machine data. MTEK's no-code digital production systems are designed for discrete manufacturers worldwide, providing modular, scalable, and rapidly deployable solutions. These systems enhance operational flexibility and control while delivering superior time to value and total cost of ownership for clients.

IMSystems

Convertible Note in 2019
IMSystems specializes in advanced gearbox technology for industrial robotics. Its patented Archimedes Drive eliminates traditional gear teeth, enabling precise force delivery and ratios up to 10,000:1. This results in lighter, stronger, more efficient, scalable, and cost-effective drive solutions compared to competitors.

MineSense Technologies

Series D in 2018
MineSense Technologies develops sensor-based solutions for the mining industry. It specializes in high-frequency electromagnetic sensor (HFEMS) technology, which integrates with material handling equipment to measure and report ore grade in real-time. The company offers a suite of sensing and sorting equipment, evaluation tools, laboratory services, professional services, and field support.

GE Industrial Solutions

Acquisition in 2017
Founded in the spirit of Thomas Edison over a century ago, GE Industrial Solutions designs and manufactures electrical distribution products and services. They serve diverse industries worldwide, offering solutions like circuit breakers, switchgear, surge protectors, and repair services to manage power challenges.

Spirit IT

Acquisition in 2014
Spirit IT b.v. specializes in providing automation products and technical services tailored to the oil and gas industry. Their offerings include Flow-X flow computers, which are used for precise measurement of fluid flows. The company also develops eXLerate, a software platform designed to automate various oil and gas measurement systems such as custody transfer metering stations and calibration facilities. Additionally, Spirit IT offers Flow-Xpert, a tool for performing typical calculations in custody transfer measurement, and eXLent, a web-based platform for managing flow computers and measurement data. These solutions are integral for well-pad automation, transportation, and custody transfer processes within the oil and gas sector.

Persimmon Technologies

Series B in 2014
Founded in 2010, Persimmon Technologies specializes in developing, manufacturing, and distributing advanced vacuum robotics for various industries including semiconductor, LED, OLED, solar, and flat panel display equipment markets. Headquartered in Wakefield, Massachusetts.

DynaMotive

Acquisition in 2013
DynaMotive Ltd. specializes in the design, commissioning, and upgrading of drive systems, controls, and motors for various industries, including automotive, aerospace, industrial, and marine applications. The company offers a comprehensive range of engineering services and solutions, including full turnkey project management, system upgrades, and managed service and support maintenance options. By providing bespoke solutions, DynaMotive positions itself as a single-source provider for critical plant and business operations, ensuring that clients receive tailored support to meet their specific needs. The company's commitment to quality and service aims to solidify its status as the preferred supplier for its products and services.

Power-One

Acquisition in 2013
Power-One designs and manufactures energy-efficient power conversion and power management solutions, including inverters for alternative/renewable energy (solar and wind) and products for routers, data storage and servers, wireless communications, optical networking, semiconductor test equipment, industrial markets and custom applications. Power-One, with headquarters in Camarillo, California, has global sales offices, manufacturing, and R&D operations in Asia, Europe, and the Americas. Power-One is a public company listed on NASDAQ under the ticker symbol PWER.

Gresin Grupo Estudios Industriales

Acquisition in 2012
Gresin Grupo Estudios Industriales is a company that specializes in refurbishment solutions for mechanical presses and the manufacturing of press equipment. The firm focuses on press automation refurbishments and technology enhancements, providing a range of services that include designing sub-assemblies, retrofitting existing machinery, and creating custom machines and benches tailored to specific customer needs. Through its expertise, Gresin aims to enhance the efficiency and performance of press systems across various industrial applications.

Trasfor

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

Lorentzen & Wettre

Acquisition in 2011
Lorentzen & Wettre is a manufacturer and supplier of equipment designed for quality control, measurement, and process automation specifically for the pulp and paper industry. The company produces a range of products, including automated fiber and pulp analysis devices, consistency transmitters, moisture sensors, and laboratory paper testing instruments. Additionally, it offers automated paper testing systems and industry-specific services, all aimed at enhancing operational efficiency and optimizing production processes in paper mills.

Baldor Electric

Acquisition in 2011
Baldor Electric is a manufacturer specializing in mechanical power-transmission equipment and industrial electric motors. The company offers a wide range of products, including mechanical power transmission devices, drives, and generators, catering to various industries. Known for its commitment to performance and efficiency, Baldor Electric plays a significant role in helping customers enhance operational productivity while minimizing environmental impact. With a strong focus on technological innovation, the company strives to meet the evolving needs of its diverse client base across multiple sectors.

Kuhlman Electric Corp.

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

Surplex

Series A in 2000
Surplex GmbH is an e-commerce company based in Düsseldorf, Germany, specializing in the digital auction of used machines and plants across various industries, including metal, woodworking, and synthetic materials. Founded in 1999, Surplex offers a diverse range of machinery, including counter blow hammers, articulated robots, airpad machines, floor-type boring mills, and die casting machines. The company's inventory also features honing machines, tandem press brakes, CNC vertical band saws, and plastics processing machines, among others. Surplex aims to facilitate the buying and selling of high-quality pre-owned industrial equipment, providing a platform for businesses to access essential machinery efficiently and effectively.
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