This Research Note examines the emerging strategic priorities of ABB’s Smart Buildings division. We have mapped the acquisitions, strategic partnerships, investment activity, and divestments of the business unit to ascertain their growth ambitions, by categorizing the various relationships and deals by technology and investment type over recent years. This analysis is intended as a non-exhaustive indicator of their strategic direction in the smart buildings sector between October 2022 and June 2024, updating our previous Research Note published in September 2022. Strategy Mapping of ABB Smart Buildings Business Commercial Building Automation, Energy Management In May 2024, ABB Electrification Ventures announced a minority investment in Ndustrial, a US-based clean technology startup that has developed an AI-powered energy management platform. Also in May 2024, Edgecom Energy was a winner of ABB’s 2024 Startup Challenge. Founded in 2016 in Toronto, Canada, Edgecom Energy has created an AI-based virtual energy manager for energy management, designed to optimize energy usage and […]
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