Acquisition extends wireless communications capability for distribution automation and provides enhanced support for mission-critical applications ... | June 1, 2012 The acquisition will expand ABB’s communications systems offering in the power, transportation, mining and public infrastructure sectors and extend its existing offering of communications solutions for the power distribution sector. Power and automation technology major ABB is to acquire Tropos Networks Inc., a Silicon Valley-based company that develops and markets wireless technologies and products for distribution area communication networks. Tropo makes it simple for developers to use the web technology they already know to build voice and SMS capabilities within applications, creating new experiences as well as new revenue opportunities. The ABB Group of companies operates in around 100 countries and employs about 145,000 people.Zurich, Switzerland, June 15 2012 ABB, the leading power and automation technology group, today announced that it has completed its acquisition of Tropos Networks Inc., a Silicon Valley-based company that develops and markets wireless technologies and products for distribution area communication networks.The acquisition expands ABB's communications systems offering for customers in the power, transportation, mining and public infrastructure sectors. Zurich, Switzerland – ABB, the leading power and automation technology group, has agreed to acquire Tropos Networks Inc., a Silicon Valleybased company that develops and markets wireless technologies and products for distribution area communication networks. The acquisition expands ABB's communications systems offering for customers in the … The acquisition will expand ABB’s communications systems offering for customers in the power, transportation, mining and public … Please try again later!Subscribe to Duff & Phelps CommunicationsAdvising both buyers and sellers in Technology M&A transactions.M&A advisory, capital raising and secondary market advisory services in the United States are provided by Duff & Phelps Securities, LLC. which is regulated by the Financial Conduct Authority.One of our experts will contact you shortly. The transaction is expected to close in the third quarter of 2012. It also reinforces ABB's increased focus on the North American market and complements its global presence in utility and industrial communications. Acquired Organization: Tropos Networks Tropos Networks is a supplier of systems used to build metro-scale Wi-Fi networks. The acquisition will expand ABB's communications systems offering for … Acquiring Organization: ABB ABB is a company provides power and automation technologies for smart grids, robotics, electric cars, renewable energy and motors. M&A advisory and capital raising advisory services are provided in the UK and a number of European countries through Duff & Phelps Securities Ltd, UK. Tropos Networks's revenue is the ranked 9th among it's top 10 competitors. ABB (www.abb.com) is a leader in power and automation technologies that enable utility and industry customers to improve performance while lowering environmental impact. Member FINRA/SIPC. Zurich, Switzerland - Zurich, Switzerland ABB, a power and automation technology group, has agreed to acquire Tropos Networks Inc., a Silicon Valley-based company that develops and markets wireless technologies and products for distribution area communication networks. Cisco will notify you in advance of any change to the support process.Bringing Tropo's unique communications platform as a service and strong team to Cisco's Collaboration Technology Group (CTG) will help unify and extend our cloud collaboration platform; expose the platform to third party endpoints and applications via modern APIs; and enable Cisco to better serve the burgeoning developer community.This acquisition enhances Cisco's cloud collaboration platform and addresses the bourgeoning developer community.Together, Cisco and Tropo, along with our partner ecosystem, will provide a user-friendly collaboration platform as a service allowing customers and developers to create and sell new communications services with minimal development effort, helping people connect, engage and innovate on any device. ABB's comprehensive suite of communication solutions provides a strong foundation for mission-critical networks and is a key enabler for smarter grids. By 2001, Juniper had made only a few acquisitions of smaller companies, due to the leadership's preference for organic growth. Certainly compared to that acquisition, ABB’s purchase of Tropos was a “small deal,” as Hogan said in his July conference call. Together they have raised over 1.4B between their estimated 19.2K employees. Tropos Motors blasted in to CES this year with Panasonic, showcasing a new last mile delivery vehicle and a compact yet capable fully electric fire truck. Edit .
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