ABB acquires APS Technology Group to expand its Crane and Harbor systems
Optical Character Recognition (OCR) and Gate Automation to help overtaxed
terminals do more with less
CARY, N.C., Feb. 12, 2013
CARY, N.C., Feb. 12, 2013 /PRNewswire/ --ABB (NYSE: ABB), a global leader in
electric power and automation, said today that it will acquire San Diego-based
APS Technology Group (APS) to add 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, product offerings or marketing efforts are
planned. Terms of the deal were not disclosed.
"As containerized shipping grows, container handling in ports and terminals is
quickly moving away from manual controls to fully automated systems," said
Fred Hoonaard, head of Crane and Harbor Center of Excellence. "Bringing
visual, or OCR, technology to containers, trucks and gates gets us one step
closer to delivering ship-to-gate automation that increases productivity and
reduces accidents while saving time and money."
ABB estimates that the global terminal automation market will double in five
ABB is a top terminal crane automation company, having delivered automation
systems to more than half the world's automated container terminals. It
provides a range of automation and electric grid products and services to
marine industries, including shore-to-ship electric power for idling ships'
engines at ports to lower cost and emissions.
Zurich-based ABB has invested more than $11 billion in the last three years in
U.S. companies. In North America, ABB employs more than 30,000 people,
including about 20,000 in the United States. Globally, ABB employs about
Contact: ABB Media Relations North America: Melissa London, Office:
+1.919.829.4431, Mobile: +1.919.649.6581, email@example.com; or ABB
Process Automation Media Relations: Laura Patrick, Office: +1.585.889.7146,
Mobile: +1.585.733.4958, firstname.lastname@example.org
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