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ABB Group has acquired Austria based B&R which is a solution provider in the automation of machines for an undisclosed amount.
ABB has said in a statement that through the acquisition, ABB expands its leadership in industrial automation and will be uniquely positioned to seize growth opportunities resulting from the fourth industrial revolution.
Both the companies possess complementary portfolio. ABB which is leading provider of solutions serving customers in utilities, industry and transport and infrastructure while B&R is a leading solution provider in automation of machines and factories for industries such as plastics, packaging, food and beverages.
