# ABB acquires Solutions Industry & Building to expand cable protection portfolio

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.

- Type: Acquisition
- Announced: 2024-12-03
- Where: Boulay-Moselle, France, France
- Value: $27.0M
- Jobs: 100
- Status: announced
- Products: cable glands, couplings, electrical installation equipment, connection systems
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [ABB](https://endata.com/companies/1547.md) (acquirer)
- [Solutions Industry & Building](https://endata.com/companies/81515.md) (target)
- [Galiena Capital](https://endata.com/companies/81516.md) (investor)

## Sources

- [new.abb.com](https://new.abb.com/news/detail/121815/abb-acquires-solutions-industry-building-to-expand-its-cable-protection-systems), 2024-12-03: "ABB announced today it has acquired Solutions Industry & Building (SIB), a leading manufacturer of construction industry building products and premium cable glands."

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