ABB Australia announces the acquisition of Mincom by the ABB Group.
ABB, the global power and automation technology group is acquiring Mincom to broaden its enterprise software portfolio and establish the organisation’s leadership position in enterprise asset management (EAM) software and services.
The strategic acquisition will strengthen ABB’s software offering for natural resources, smarter grids and other asset intensive industries.
ABB is acquiring the Brisbane, Australia-based Mincom from Francisco Partners, a private equity group that invests in technology businesses for an undisclosed sum.
Mincom offers a comprehensive set of solutions for applications such as EAM, mining operations and mobile workforce management with expertise across a range of industries.
With nearly 1,000 employees, annual revenues of approximately $200 million and a distribution network in 19 countries, the company is a leading software player in the Asia-Pacific and Latin America regions.
Mincom’s customers include 17 of the top 20 global mining groups as well as businesses in the energy and defence sectors in addition to various asset-intensive industries.
According to Joe Hogan, CEO of ABB, Mincom’s acquisition is part of their strategy to continuously broaden their software offering, helping to increase the depth of their enterprise asset management offering while building their position as a leader in the key growth sectors of natural resources and energy.
Benefits for ABB’s customers will include extending the life of their infrastructure, optimising asset management and reducing the overall cost of ownership.
To ensure continuity for customers, ABB will retain the Mincom management team and its operations will be added to Ventyx, ABB’s dedicated software business.
ABB’s Ventyx portfolio combines information and operational technologies (IT and OT) to optimise asset performance, integrate business processes and deliver insight into global business operations.
Mincom’s strong presence in the natural resources sector is complementary to ABB’s expertise in mining control systems and its leadership position in energy management technology.