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ABB takes control of Bosnian developer to create AI R&D hub
ABB is buying a majority stake in the Bosnian software service provider Meshmind to expand its R&D capabilities in AI, industrial IoT and machine vision. Financial details of the deal have not been released.
ABB plans to integrate Meshmind’s engineering talent, AI and software expertise to create a new global R&D hub in Sarajevo aimed at accelerating the development of innovative automation technologies within ABB’s B&R machine automation division. The hub will focus on AI and software development.
Meshmind’s approximately 50 employees will collaborate with B&R teams on a variety of R&D projects, including deep-learning vision systems, AI-enabled engineering tools, and IoT app development.
“AI-powered robotics and automation have the power to transform industries, providing businesses with greater flexibility and intelligence amidst critical global trends and workforce challenges,” says Sami Atiya, president of ABB’s Robotics and Discrete Automation business. “Through this acquisition, we will further accelerate the development of our software and AI-powered solutions to make automation more adaptive and accessible, enabling businesses of all sizes to become more resilient.”
“This acquisition builds on our successful relationship with Meshmind to establish a new global R&D hub for B&R,” adds Joerg Theis, president of B&R’s machine automation division. “As part of our wider ecosystem that includes universities, partners and start-ups, this latest investment will strengthen our capacity and expertise to create solutions that make our customers' lives easier, helping them shape the future of their industries.”
The deal is expected to close in the first quarter of 2024.
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