ABB Acquires Spirit IT
ABB agreed to acquire Spirit IT of Eindhoven, Netherlands to add a new line of high-performance liquid flow computers, SCADA and custody transfer solutions to its measurement business for the oil and gas industry.
Spirit IT designs and sells liquid flow measurement and supervisory solutions for use in oil and gas applications, including well-pad automation, transportation and custody transfer.
Spirit IT’s employees will join the global Measurement Products business unit in ABB’s Process Automation division. Terms of the deal were not disclosed. The transaction is expected to close in the fourth quarter of 2014.
For more information, visit: www.abb.com