ABB has announced its agreement to acquire Födisch Group, a German company specialising in advanced measurement and analytical solutions for the energy and industrial sectors.
This acquisition will enhance ABB’s capabilities in continuous emission monitoring systems (CEMS), boosting its technological competitiveness and innovation.
Födisch Group, with approximately 250 employees and €50m (£42m) in revenue in 2023, will expand ABB’s portfolio to address complex measurement challenges.
Födisch Group, headquartered in Markranstädt, Germany, operates multiple facilities across Germany, the Netherlands and China. Its solutions are widely used in industries such as power generation, waste management and manufacturing to monitor and reduce emissions.
“The acquisition of Födisch Group underscores ABB’s commitment to providing advanced continuous emission monitoring systems that have become vital for companies to monitor and mitigate emissions and comply with environmental regulations,” said Jacques Mulbert, president of ABB’s Measurement & Analytics division.
“We are very impressed by what the Födisch Group has achieved and are eager to welcome their team to the ABB family. Integrating the Födisch Group into ABB will unlock significant opportunities for new and existing customers.”
“Over the years, Födisch Group, with its passionate and highly qualified team, has established a renowned reputation in environmental and process measurement technology in Europe,” added Stephan Schumann, CEO of Dr. Födisch Umweltmesstechnik AG, the parent company of Födisch Group.
“This acquisition is a testimony of our strong performance in recent years, and leveraging ABB’s global footprint will allow to scale the impact of our offering internationally. This makes us very proud.”
The transaction, which is expected to close by year-end, is subject to customary conditions. Financial terms were not disclosed.
