Private shareholders have sold Cassantec to ABB
Cassantec has developed a prognostic solution that delivers true foresight with an easy-to-use dashboard. Unlike other predictive solutions for industrial assets, Cassantec renders explicit prognoses. Thereby, Cassantec answers the question when impending malfunctions will occur, facilitating optimal maintenance and operations schedules as well as precise remaining lifetime estimations. As a result, customers benefit from reduced cost, via enhanced maintenance planning, and increased revenues, due to higher plant reliability and availability. Cassentec’s solution is now part of ABB’s industry-leading Ellipse® Asset Performance Management (APM) solution, which is a part of the company’s digital enterprise portfolio.
ABB (ABBN: SIX Swiss Ex) is a technology leader that is driving the digital transformation of many industries. With a history of innovation spanning more than 130 years, ABB has four customer-focused, globally leading businesses: Electrification, Industrial Automation, Motion and Robotics & Discrete Automation, supported by the ABB Ability™ digital platform. ABB’s power grids business will be divested to Hitachi in 2020. ABB operates in more than 100 countries with about 147,000 employees.
Lincoln International acted as the exclusive financial advisor to the shareholders of Cassantec, working closely with them throughout the sale process, including providing advisory expertise and managing the preparatory, marketing, negotiations and due diligence phases of the transaction.
Lincoln International was a highly trustful and committed partner through the entire process with great access to relevant parties and a good sense to successfully represent all stakeholders in a deal with a high-profile bidder universe.
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