ABB recently agreed to acquire Insert Key Solutions (IKS), a privately owned specialist software provider, adding IKS’ solutions to its recently acquired Ventyx software portfolio. The move is said to create a comprehensive solution set for asset and work management, maintenance optimization, and equipment reliability.

Based in Chadds Ford, Pa., IKS specializes in delivering software solutions for process improvement, increased equipment reliability and operational performance in power generation plants, and transmission and distribution networks.

ABB plans to retain the IKS team and will place IKS executives in key roles within the Ventyx team responsible for asset and operations management software and IKS solutions.

For more information, visit: http://www.ventyx.com or http://www.abb.com.