ABB has agreed to acquire a majority of software service provider Meshmind. Accordingly, ABB aims to expand its research and development capabilities in AI, Industrial IoT, and machine vision.

Through this acquisition, ABB will integrate engineering talent, AI, and software knowledge to form a new global R&D hub. That is, to further accelerate the development of innovative automation solutions within its Machine Automation division (B&R).

“AI-powered robotics and automation have the power to transform industries. Thus, providing businesses with greater flexibility and intelligence amidst critical global trends and workforce challenges,” said Sami Atiya, President, ABB Robotics and Discrete Automation Business Area.

Accelerates Automaton

In addition, Atiya said, “Through this acquisition, we will further accelerate the development of our software and AI-powered solutions to make automation more adaptive.” At the same time, Atiya said, to make accessible, enabling businesses of all sizes to become more resilient.

Meanwhile, the integration of Meshmind’s approximately 50 employees will expand collaboration with B&R teams in R&D projects from their office in Sarajevo, Bosnia. Particularly, this includes deep learning vision systems, AI-enabled engineering tools, and IoT app development.

The Bosnia office will serve as B&R’s new global hub for AI and software development.

“This acquisition builds on our successful relationship with Meshmind to establish a new global R&D hub for B&R,” said Machine Automation Division President Joerg Theis. In addition, Theis said, “…This latest investment will strengthen our capacity and expertise to create solutions that make our customers’ lives easier. (Thus), helping them shape the future of their industries.”

Moreover, the investment coincides with ABB’s recent acquisition of Sevensense, a leading provider of AI-enabled 3D vision navigation technology for AMRs. Together, they emphasize ABB and B&R’s strategic investment focus on innovative AI and software solutions to deliver value for its customers through the most productive and efficient technology.