ABB to Acquire Premium Power to Expand Electrical Engineering Advisory Capabilities in Europe

Priority Power Acquires AB Power Advisors

October 18, 2022

Energy

Priority Power Management, Inc. has acquired AB Power Advisors, a Texas-based regulatory advisory and renewable energy offtake consulting firm. The acquisition expands Priority Power’s regulatory coverage and renewable origination capabilities in the ERCOT market and establishes an Austin office to deepen its presence in Texas.

ABB to Acquire IPEC to Strengthen Electrical Diagnostics and Predictive Maintenance

December 16, 2025

IT Services

ABB has entered into an agreement to acquire IPEC, a UK-based technology company specializing in early detection of electrical equipment failures. The acquisition will enhance ABB’s Electrification Service predictive maintenance portfolio, with the deal expected to close in the first quarter of 2026; financial terms were not disclosed.

ABB to Acquire SEAM Group to Expand Electrification Service Offering

February 16, 2024

Industrial Services

ABB has entered into an agreement to acquire SEAM Group, a provider of energized asset management and advisory services for industrial and commercial buildings. The deal is expected to close in Q3 2024, subject to regulatory approvals, and financial terms were not disclosed.

Flex Acquires Electrical Power Products, Inc. (EP2) for $1.1 Billion

April 1, 2026

Industrial Services

Flex entered into a definitive agreement to acquire Electrical Power Products, Inc. (EP2) in an all-cash transaction valued at approximately $1.1 billion, including anticipated tax benefits. The acquisition is expected to expand Flex’s Critical Power portfolio with EP2’s engineered-to-order electrical power control and protection systems and manufacturing footprint in Des Moines, Iowa.

RESA Power Acquires Prime Engineering Ltd.

October 15, 2024

Electrical Services

RESA Power, a portfolio company of Investcorp, has acquired Prime Engineering Ltd., a Victoria, British Columbia-based electrical design, engineering, supply and field services firm specializing in medium-voltage power and control systems. The acquisition expands RESA Power's medium-voltage engineering and supply capabilities and accelerates its ability to serve customers across Canada and the United States as an add-on to its existing platform.

ABB Acquires Lumin to Expand Residential Energy Management in North America

January 14, 2025

Energy

ABB has acquired U.S.-based Lumin, a provider of residential energy management hardware and cloud software, following a 2023 strategic minority investment. The acquisition brings Lumin's load-management hardware, integrations for solar and storage, and homeowner-facing software into ABB's Electrification portfolio to broaden its North American home electrification and smart-home offerings.