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Title
ABB acquires Mincom; Power automation group will broaden its software capabilities.
Abstract
The article reports on the acquisition by global power and automation firm ABB of Brisbane, Queensland-based Mincom from private equity group Francisco Partners. The acquisition will allow ABB to expand its software portfolio and solidify its standing as a market leader in enterprise asset management (EAM) software and services. The opinion of Mincom chief executive officer Greg Clark on the deal is also cited.