ABB LTD in Smart Grid Software

ABB focuses on expanding its presence in the emerging economies. The company invests substantially in technological innovations and its R&D investments have increased consistently in 2014, 2015, and 2016. ABB aims at developing customer-centric systems and equipment that increase productivity and reduce the impact of the transportation industry on the environment. The company focuses mainly on inorganic growth strategies, such as partnerships and collaborations. The company expands its product portfolio, develops systems, and tackles customers and projects through inorganic strategies. For instance, in March 2017, ABB Technology Venture invested USD 12 million to enter into a partnership with Enbala Power Networks. The partnership aimed to enhance ABB’s Advanced Distribution Management Software (ADMS) with the Distributed Energy Resource Management System (DERMS) technology. In 2013, ABB acquired Power-One, a leading renewable energy, power management, and energy conversion solution provider. ABB targets the emerging markets of South East Asia, India, Latin America, and Africa. The company also focuses on strengthening its position in the developed countries, especially in France, Germany and the UK.