Power and automation technology group ABB agreed to acquire Canada-based Envitech Energy to expand its technology offering in the electrical equipment and solutions sector for rail infrastructure.
Envitech Energy, headquartered in Pointe Claire, Quebec, Canada, has 36 employees and supplies rail electrical equipment and solutions for urban transportation applications, including traction rectifiers, traction power components, trackside braking energy absorption devices, automatic grounding and energy storage solutions.
The parties agreed to not disclose the value of the transaction, which is subject to the customary regulatory approvals.
ABB's customers will benefit from advanced rail energy efficiency solutions through Envitech Energy's expertise in power electronics and energy storage, according to the company.