SEAM Group has entered into an agreement to be acquired by ABB, a global technology leader in electrification and automation. The transaction is subject to regulatory approval and is expected to close in Q3 2024. Financial terms were not disclosed.
By acquiring SEAM Group, ABB strengthens its Electrification Service offering to meet the increasing industrial demands to modernize and optimize assets for safer, smarter, and more sustainable operations. This strategic investment combines ABB’s leading-edge technologies and service portfolio with SEAM Group’s established expertise in predictive/preventive/corrective maintenance, electrical safety, renewables, custom training, asset management advisory, and advanced technology-driven data management to deliver safety and operational excellence.
SEAM Group partners with over 800 clients to align safety and uptime at more than 3,000 sites in the U.S., the Americas, EMEA, and Asia. By joining forces, SEAM Group expands ABB’s low- and medium-voltage service offerings, particularly within key growth segments in which power availability and reliability are critical, like commercial properties, logistics and distribution, data centers, healthcare, manufacturing, and renewables, including the rapidly evolving EV charging infrastructure market.
“This next chapter with ABB represents a thrilling leap forward for our valued customers,” said SEAM Group Chief Executive Officer Colin Duncan. “By joining forces, we unlock exciting synergies: shared customer focus, a united drive for sustainability, and complementary service portfolios. Together, we will deliver new levels of operational performance while supporting companies in their energy transition. We look forward to integrating the best of SEAM Group and ABB, ultimately delivering unparalleled value to our clients.”
