ABB Motion acquires minority stake in WindESCo

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ABB Motion acquires minority stake in WindESCo, a leading analytics software provider for improving performance and reliability of wind turbines / Venture capital investment complements ABB’s wind portfolio with digital offering, allowing it to expand its market reach beyond wind converters and services

ABB Motion and WindESCo, have signed a strategic partnership, where ABB has acquired a minority stake in the company through its venture capital unit, ABB Technology Ventures (ATV). US-based WindESCo is the leading analytics software provider for improving the performance and reliability of wind turbines. Leveraging WindESCo’ solutions, the investment will strengthen ABB’s position as a key enabler of a low carbon society and its position in the renewable power... ... More: Official Press Release ABB Motion

Keywords:

ABB Motion, WindESCo, minority stake, software provider, sale, improvement, performance, digital, market, wind converter, low voltage, turbine