From GlobeNewswire:

ABB has acquired Canadian company Real Tech, expanding its presence in the water sector and enhancing its portfolio with crucial optical sensor technology for smart water management. Real Tech is a global leader in real-time water quality monitoring with over 10,000 solutions installed for municipal drinking water, wastewater, and other industries. This acquisition positions ABB to capitalize on global opportunities for water sustainability. ABB will leverage Real Tech’s innovative optical sensor technology for real-time water monitoring and analysis, allowing for better process control and continuous water quality. Specific financial details of the transaction have not been disclosed. Real Tech’s patented solutions cover the entire digital value chain for water monitoring, emphasizing data creation and analysis. The Real Tech portfolio includes optical sensors, controllers, and optional accessories that allow clients to configure each system according to their needs. Using the power of light, these sensors measure water composition through spectrophotometry and fluorescence techniques and bring laboratory analysis to real-time treatment environments. Liquid AI®, an exclusive AI software platform, complements the sensor data analysis. The acquisition strengthens ABB’s strategic focus on adding advanced environmental technologies to its portfolio. ABB is a technological leader in electrification and automation, promoting a more sustainable and resource-efficient future. With over 140 years of expertise, ABB and its approximately 105,000 employees are committed to driving innovations that accelerate industrial transformation. Furthermore, the United Nations reports that 2.2 billion people lack access to safely managed drinking water while more than 4.2 billion people lack access to safely managed sanitation. Only 11% of the world’s wastewater is reused, and about half of untreated wastewater around the world still enters rivers, lakes, and seas. Advanced water sensor technologies and artificial intelligence advancements can play crucial roles in effectively managing drinking water and wastewater. Globally, investments in water quality monitoring, treatment, and infrastructure have significantly increased. In the United States, an unprecedented $111 billion investment will upgrade water infrastructure over a 10-year period. With ABB’s wide global sales and service network, ABB will accelerate the deployment of Real Tech’s technologies, making it a game-changer in the market. Real Tech Chief Executive Officer and Co-founder Jodi Glover noted, “Our real-time water quality monitoring sensors and data analytics empower our customers, in both utilities and industries, managing water within their operation and manufacturing processes, providing them with crucial insights they need every minute and every day. We look forward to being part of ABB, which shares our vision of creating a more sustainable future.” For more information, please contact: Media Relations, Phone: +41 43 317 71 11, Email: [email protected]. Investor Relations, Phone: +41 43 317 71 11, Email: [email protected]. ABB Ltd, Affolternstrasse 44, 8050 Zurich, Switzerland. Disclaimer: The news article has been summarized based on facts without any promotional elements. For further information, please visit the original news article.



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