ABB, the leading power and automation technology group, recently announced it will acquire 100 percent of the shares in Jokab Safety International AB to strengthen ABB’s offering within machine safety and low-voltage products. The transaction is expected to be completed in March.

“This investment is fully in line with our strategy to broaden our offering through value-creating acquisitions,” said Tom Sjökvist, head of ABB’s Low Voltage Products division. “Through this acquisition, both ABB and Jokab will strengthen their total offering. Together, we can meet customers’ increasing requirements for low-voltage products and machine safety in a better way.” With the acquisition, ABB’s North America operations will add around 50 new employees, bringing extensive machine safety expertise into the company.

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