ABB announced today it has acquired Solutions Industry & Building (SIB), a leading manufacturer of construction industry building products and premium cable glands used to protect critical electrical equipment in industrial, railway and hazardous environment applications. The acquisition of SIB strengthens ABB’s presence in rail, mining, OEM and specialty markets across Europe, the Middle East and North America. Financial terms were not disclosed.
In addition to a full range of electrical installation equipment and connection systems for the construction market, SIB designs, manufactures and sells premium cable glands, couplings and accessories in brass, stainless steel and plastic for the electrical, railway, shipping and mining industries, as well as certified products for hazardous environments such as oil and gas applications. The acquisition brings nearly 100 employees to ABB and will expand the ABB Installation Products portfolio of premium cable protection solutions and complement its specialty brands, including PMA® cable protection, Harnessflex® cable management systems and Adaptaflex® conduit systems.
Founded in 1922 and headquartered in Boulay-Moselle, France, SIB was held since 2019 by Galiena Capital, a French Investment fund. SIB’s century-strong heritage and long-standing relationships with top energy, transportation, industrial and construction partners have made it an industry leader in the French market. In 2023, the company generated revenues of approximately 27 million dollars (25 million euros) and currently serves more than 2,000 customers worldwide.
More:
- A Century of the Innovative Heritage of ABB Automatic Fuses
- Innovative Series of ABB Frequency Converters for Environmentally Sustainable Solar Water Pumping Systems
- ABB’s 2030 and 2050 Science-Based Targets Approved by the Science Based Targets initiative (SBTi)
“The need for safe and reliable electrification solutions continues to grow, and the addition of SIB brings an industry-leading portfolio and century of expertise to expand our capabilities and product range in highly specialized markets,” said Khalid Mandri, President, ABB Installation Products Division. “Bringing together this team will strengthen our offering and complementary portfolios as part of our ongoing strategy to invest in opportunities that accelerate growth, extend our reach in key markets and provide our customers high-quality, innovative solutions.”
SIB Chairman Gilles Lherbier said, “This marks a significant milestone in SIB’s long history and provides a strong platform to build on our combined expertise and extend our connection and protection products as part of a highly respected global company like ABB.”
Building on its long history of pioneering in electrification, ABB Installation Products creates solutions to safely connect and protect electrical systems that power businesses, cities, homes and transportation. With more than 200,000 products under 38 premium brand names, ABB Installation Products, formerly Thomas & Betts, solutions are found wherever electricity is used around the world and in space.
Source: ABB
