ABB Group recently announced the acquisition of Siemens' switch and socket business in China. This acquisition will expand ABB's market coverage in the smart building sector and give ABB access to Siemens' distribution network across 230 cities in China. Furthermore, Siemens' capabilities will enhance ABB's service offerings in the smart buildings sector. Based in Switzerland, ABB Group is a global leader in power and automation technologies. Xiamen has been the starting point for ABB's investments in China, and over the past 30 years, the ABB Xiamen Industrial Center has become one of ABB's most important global industrial bases.
