ABB closes acquisition of APS Technology Group

4 March, 2013– Adds Optical Character Recognition (OCR) and Gate Automation to its Crane and Harbor systems portfolio

ABB, a global leader in electric power and automation, today completed its acquisition of San Diego-based APS Technology Group (APS). The acquisition, announced February 11, adds optical character recognition (OCR) and gate automation capabilities to further improve safety, productivity and efficiency of port operations as containerized shipping grows worldwide.

APS, an 11-year-old, 50-person company with offices in San Diego and Long Beach, California, will join ABB’s Crane and Harbor automation business. No major changes to staffing and product offerings are planned. Terms of the deal were not disclosed.

ABB (www.abb.com) is a leader in power and automation technologies that enable utility and industry customers to improve their performance while lowering environmental impact. The ABB Group of companies operates in around 100 countries and employs about 145,000 people.