Core Insights - ABB has announced an agreement to acquire Premium Power, an electrical engineering consultancy based in Ireland, enhancing its capabilities in electrical resilience and compliance for critical sectors [1][4]. Group 1: Acquisition Details - The acquisition is expected to close in the first quarter of 2026, with financial terms not disclosed [1]. - Premium Power has over 20 years of experience and is recognized for its advisory services in data centers and pharmaceutical manufacturing [1][4]. Group 2: Strategic Importance - This acquisition aligns with ABB's M&A strategy as a bolt-on investment that strengthens its Electrification Service advisory offering, ABB Navigate [2][3]. - By integrating Premium Power's expertise, ABB aims to enhance its support for customers in power system studies, grid connection, compliance modeling, and electrical safety [2][3]. Group 3: Industry Context - The demand for electrification is increasing, necessitating specialized advisory support for complex electrical systems due to digitalization and renewable energy integration [2]. - Premium Power's services include power system studies, grid compliance, electrical safety assessments, and risk management training, catering to high-availability electrical networks [4][6]. Group 4: Leadership Perspectives - ABB's Electrification Service division president emphasized the importance of this acquisition for advising on complex power systems, particularly for critical industries [4]. - Premium Power's managing director highlighted the potential for scaling their impact across Europe while maintaining their engineering depth and customer focus [5].