en.Wedoany.com Reported - ABB has reached an agreement to acquire Høglund AS, a marine automation specialist headquartered in Tønsberg, Norway, currently part of the Eitzen Group. ABB stated that this acquisition will complement its existing automation product line for marine customers and support further growth in various vessel market segments. The transaction is expected to close in the third quarter of 2026, subject to customary regulatory approvals, covering Høglund's global operations, including over 80 employees in Norway, Poland, Romania, and China. The financial terms of the transaction were not disclosed.

Høglund provides Integrated Automation Systems (IAS) based on the ABB 800M and S800 control system hardware platforms. Designed for modern vessel needs, this system is modular and scalable, handling onboard automation, monitoring, and control tasks. By integrating data from engines, generators, and cargo systems, it helps enhance safety, energy efficiency, and overall operational performance. The solution has been installed on over 600 vessels. The company reported revenue of nearly 30 million euros in 2025.

Peter Morsbach, CEO of Høglund, stated that this is an important new chapter for the team and technology at Høglund, expressing pride in the company's dedication and passion for the maritime industry, as well as the expertise and experience cultivated. He noted that its systems are based on ABB technology and look forward to joining ABB to continue advancing marine automation for the benefit of customers.

Rune Braastad, President of ABB Marine & Ports, stated that Høglund's marine automation portfolio will complement ABB's existing offerings with proven and scalable solutions, supporting growth ambitions. He added that combining global reach and service capabilities lays a solid foundation for continued success and looks forward to welcoming Høglund's talent to ABB.

This article is compiled by Wedoany. All AI citations must indicate the source as "Wedoany". If there is any infringement or other issues, please notify us promptly, and we will modify or delete it accordingly. Email: news@wedoany.com