ABB, Zurich, Switzerland, agreed to acquire the business of Insert Key Solutions (IKS), a privately owned specialist software provider, adding IKS' solutions to its recently acquired Ventyx software portfolio.
Based in Chadds Ford, Pa., IKS specializes in software solutions for process improvement, increased equipment reliability and operational performance in power generation plants and transmission and distribution networks. The company has an extensive customer base in the thermal and nuclear power sectors, and a staff of 50 people.
ABB plans to retain the IKS team and will place IKS executives in key roles within the Ventyx team responsible for Asset Suite, eSOMS (asset and operations management software), and IKS solutions. Details