BrainBox AI intends to integrate ABB’s MSR business and its installed base of 12,000-plus retail locations in its current operations.

The business employs around 600 people and generated revenues of approximately $63 million in 2021.

ABB is accelerating its growth strategy in the U.S. by investing approximately $170 million and creating highly skilled jobs in manufacturing, innovation, and distribution operations.

$20 million investment aims to increase production at ABB’s existing Auburn Hills, Michigan, facility. 

Based in Orlando, Florida, AAB develops smart device-connected tools serving the HVAC technician. 

ABB (Zurich) increases the dividend to CHF 0.70 per share.