# ABB to acquire SEAM Group to expand electrification service offering

ABB has entered into an agreement to acquire SEAM Group, a provider of energized asset management and advisory services. The acquisition will broaden ABB's Electrification Service portfolio in the US, adding 3,000 customer sites. The transaction is expected to close in Q3 2024.

- Type: Acquisition
- Announced: 2024-02-16
- Where: United States
- Status: announced
- Products: energized asset management, advisory services
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [ABB](https://endata.com/companies/1547.md) (acquirer)
- [SEAM Group](https://endata.com/companies/60963.md) (target)

## Sources

- [new.abb.com](https://new.abb.com/news/detail/112652/abb-to-acquire-seam-group-to-expand-electrification-service-offering), 2024-02-16: "This acquisition is part of our ongoing strategy to create a new force in electrification service, broadening our offering and footprint in the US."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.