Date: 2013-08-01

ABB acquires Gresin to expand press automation solutions

ABB, the leading power and automation technology group, announced today the acquisition of Gresin Grupo Estudios Industriales, S.A.L., a privately owned company that specializes in refurbishment solutions for mechanical presses. The acquisition is in line with ABB's strategy to expand its global offering of robotics solutions.
Gresin is a strong European player in the area of press automation refurbishments and technology enhancements. It has profound know-how of the applied technologies in the press industry. Founded in 1994, Gresin is headquartered in Oiartzun, Spain, and is renowned for its expertise in press engineering.

The company designs sub-assemblies, and retrofit and upgrade packages while it outsources manufacturing. Both parties agreed not to disclose financial details of the transaction. Gresin

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