ABB Acquires Solutions Industry & Building to Expand its Cable Protection Systems
December 6, 2024
ABB announced it has acquired Solutions Industry & Building (SIB), a leading manufacturer of construction industry building products and premium cable glands used to protect critical electrical equipment in industrial, railway and hazardous environment applications. The acquisition of SIB strengthens ABB’s presence in rail, mining, OEM and specialty markets across Europe, the Middle East and North America. Financial terms were not disclosed.
- Broadens portfolio of premium cable protection and electrification solutions, complementing ABB Installation Products’ leading PMA®, HarnessFlex® and Adaptaflex® brands
- Strengthens presence in rail, original equipment manufacturing (OEM) and other specialized markets across Europe, the Middle East and North America
In addition to a full range of electrical installation equipment and connection systems for the construction market, SIB designs, manufactures and sells premium cable glands, couplings and accessories in brass, stainless steel and plastic for the electrical, railway, shipping and mining industries, as well as certified products for hazardous environments such as oil and gas applications. The acquisition brings nearly 100 employees to ABB and will expand the ABB Installation Products portfolio of premium cable protection solutions and complement its specialty brands, including PMA® cable protection, Harnessflex® cable management systems and Adaptaflex® conduit systems.
Founded in 1922 and headquartered in Boulay-Moselle, France, SIB was held since 2019 by Galiena Capital, a French Investment fund. SIB’s century-strong heritage and long-standing relationships with top energy, transportation, industrial and construction partners have made it an industry leader in the French market. In 2023, the company generated revenues of approximately $27 million (25 million euros) and currently serves more than 2,000 customers worldwide.
