ABB Seeks Stake in Energy Management Software with $1 Billion Deal for Ventyx

ABB Group, Zurich, Switzerland, said it has agreed to buy Ventyx, an Atlanta-based software provider specializing in systems to manage energy networks, for more than $1 billion. The move adds a leading provider of asset management, mobile workforce management, energy trading and risk management, energy operations and energy analytics for the energy, utility, communications and other businesses to ABB's already considerable presence in the utility sector.

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