ABB acquires Bel Products Inc. to expand enclosures portfolio in North America

Core Insights - ABB Electrification Canada Inc. has completed the acquisition of Bel Products Inc., enhancing its market presence in Canada and the U.S. and expanding its product portfolio [1][8] - The enclosures market is experiencing strong growth due to rising demand in data centers, OEM applications, and the electrical industry [2] - The acquisition reflects ABB's commitment to strategic growth and aims to deliver greater value to customers and partners [3] Company Overview - Bel Products, founded in 1964 and headquartered in Montreal, Quebec, is recognized for its custom-built enclosures, serving key industries such as commercial, industrial, data centers, and utilities [4] - Bel Products will continue operations from its current manufacturing facility in Montreal and warehouse in Terrebonne, Quebec [4] - The acquisition allows ABB to leverage Bel Products' industry expertise and local manufacturing capabilities to drive further growth [4][5] Market Dynamics - The demand for safe, reliable, high-performance enclosure solutions is increasing as digital infrastructure expands and electrification accelerates [2] - ABB's Installation Products Division creates solutions to connect and protect electrical systems, with over 200,000 products under 38 premium brand names [5] - The acquisition positions ABB to better meet growing customer demand in the enclosures market [1][8]