# ABB acquires majority of Meshmind to boost AI and software automation

ABB has agreed to acquire a majority of software service provider Meshmind to expand its R&D capabilities in AI, Industrial IoT, and machine vision. The acquisition will create a new global R&D hub in Sarajevo, Bosnia, for ABB's Machine Automation division (B&R).

- Type: Acquisition
- Announced: 2024-04-03
- Where: Sarajevo, Bosnia, Bosnia & Herzegovina
- Status: announced
- Products: AI-powered automation solutions, deep learning vision systems, IoT apps
- Sectors: [Automation and Robotics](https://endata.com/sectors/automation-robotics.md), [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [ABB](https://endata.com/companies/1547.md) (acquirer)
- [Meshmind](https://endata.com/companies/75113.md) (target)

## Sources

- [mechatronicscanada.ca](https://www.mechatronicscanada.ca/changing-scenes/abb-acquires-rd-engineer-2/), 2024-04-03: "AI-powered robotics and automation have the power to transform industries."

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