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ABB acquired Solutions Industry & Building (SIB), a French manufacturer of cable glands and electrical installation products, from Galiena Capital. SIB generated approximately $27 million in 2023 revenues and brings nearly 100 employees to ABB. Financial terms were not disclosed.
“ABB announced today it has acquired Solutions Industry & Building (SIB), a leading manufacturer of construction industry building products and premium cable glands.”new.abb.com
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