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ABB to Buy Minority Stake in UK's OctaiPipe

MT Newswires·12/04/2025 04:41:05
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04:41 AM EST, 12/04/2025 (MT Newswires) -- ABB's (ABBN.SW, ABB.ST) ABB Motion Ventures will acquire a minority stake in OctaiPipe, a British developer of AI-driven software for data center cooling. Financial details were not disclosed, and the deal is subject to customary closing conditions, the Swedish-Swiss engineering group said Thursday.