Tekomar takeover adds to ABB's digital portfolio

OCTOBER 25, 2017 — ABB Turbo Systems Ltd. is to acquire Winterthur, Switzerland, headquartered Tekomar Group Ltd. The acquisition, set to close in fourth quarter 2017, extends ABB's digital portfolio, adding a propulsion performance monitoring solution targeted at two-stroke main engines and auxiliary engine applications.

The Tekomar solution will be integrated into ABB's vessel optimization system, enabling ship management companies to know more about their vessel operations and achieve more from their fleets for better business performance. It also offers a platform for cooperation with the engine licensors and builders.

The operators of over 1,000 ships are already using this performance monitoring and advisory solution, which provides them with recommendations for achieving optimized and original levels of engine performance.

Oliver Riemenschneider, Managing Director, ABB Turbocharging explained, "This acquisition is exactly the right fit with the existing strengths and capabilities of ABB in the marine industry, and with our strategic vision for developing value-driven digital solutions. As a global market player, ABB is perfectly positioned to bring to the highly globalized and demanding marine market a holistic digital solution for vessel and ship management. Tekomar's solution is proven, well-established and a valuable extension to our existing solutions. Our goal is to further empower customers to achieve the benefits of improved performance, reduced fuel consumption, and lower emissions, together with ABB."

Juha Koskela, Managing Director, ABB Marine & Ports says, "This newly acquired solution from Tekomar rapidly increases the pace at which ABB strengthens its digital marine services portfolio. We are a key part of this digital industry transformation which brings true connectivity of vessels, measurement and monitoring, advanced solutions and powerful software for real actionable insights. What our customers gain from these next level solutions is increased productivity, driving their future profitability and competitive strength."

Beat Güttinger, Tekomar co-founder and Head of Global Sales & Marketing, said, "The market reach of ABB and its heritage as an industrial market leader makes this a natural step for taking our Tekomar XPERT solution forward globally. As the marine industry embraces the opportunities of digitalization for all aspects of optimization and performance improvement, this is an exciting time for the advancement of our solutions. We are looking forward to realizing what Tekomar and ABB can do together."

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