We are pleased to announce that Tropos Networks and ABB have signed a definitive agreement for Tropos to be acquired by ABB. The acquisition will bring Tropos’ world-class wireless mesh technologies and products, as well as a team of highly skilled employees, into ABB.
Tropos will become part of ABB’s global Utility Communications product group, which runs a successful business centered on fixed-wire and radio solutions. Our products will be a welcome addition, helping ABB to expand its offering for smart grids and other critical infrastructure applications.
By melding Tropos’ technologies and technical expertise with ABB’s global reach and financial stability, the combined business will provide customers and partners with a cost-effective solution for flexible, private distribution area communication networks supported by ABB’s global network of customer services. ABB’s customer base, which includes the energy, transportation and mining sectors, and their extensive sales organization, will offer new and exciting geographic and vertical market opportunities for Tropos products.
We will continue to operate and develop new products from our current Sunnyvale, California location. As part of ABB, Tropos will add additional engineering, sales and support resources over time. The current leadership team will remain in place and there are no plans to change the existing Tropos business model. Eventually, ABB will establish the Tropos location as ABB’s center of excellence for wireless communications technologies.
Customers and partners will benefit by combining Tropos’ wireless communications networks with ABB’s automation solutions, and system design and implementation services. They will continue to enjoy the products and service they have come to expect from Tropos. Tropos will continue to offer support and will honor its commitments to customers and partners without interruption. Our goal is to provide you with the best products and services available on the market. We believe that our acquisition by ABB will advance that goal.
If you’re unfamiliar with ABB, they’re a leader in power and automation technologies that enable utility and industrial customers to improve performance while lowering environmental impact. ABB operates in about 100 countries and employs approximately 145,000 people and is a publicly-traded company on the New York Stock Exchange (NYSE: ABB).
Contact points for sales, support, business development and marketing will remain the same. Please contact them if you have any questions or concerns about this transaction. For additional information you can call our acquisition hotline at 408-331-6823.
We believe that it will be as good for our customers as it will be for Tropos and ABB. We look forward to working with you in the future.