ABB Australia announces the acquisition of Alstom’s ring motor business. Based in Bilbao, Spain, Alstom has about 120 employees and will become part of ABB’s Process Automation division.
This acquisition by ABB, the leading power and automation technology group will enhance its gearless mill drive (GMD) system business. Gearless mill drive systems are used in the mining industry for processing large quantities of ore to extract metals such as copper, gold, platinum, iron and molybdenum.
The rising demand for minerals in emerging countries undergoing industrialisation is driving the growth of GMD systems. Deeper mines with more complex ore bodies and lower ore grades require the grinding of increased amounts of material to yield the same volumes of metal. GMD systems address the need for extremely high ore throughput, reliability and availability of the grinding circuit.
Veli-Matti Reinikkala, head of ABB’s Process Automation division explains that the acquisition will combine the leading ring motor product from Alstom with ABB’s electrical offering for GMD systems, enabling ABB to enhance its position as a strong vertically-integrated systems provider.
Alstom’s ring motor product complements ABB’s current electrical offering for GMD systems; therefore the know-how, experience and technology gained from the acquisition will enable ABB to increase its manufacturing capabilities and strengthen the ring motor business.