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Global electrification and automation provider ABB today announced that it has signed an agreement to acquire Netcontrol, a provider of electrical grid automation solutions for power utilities and critical infrastructure operators. The transaction is expected to close in Q1 2026, subject to regulatory approvals and customary closing conditions. Financial terms were not disclosed.
As electrification accelerates and the energy transition progresses, grids are under pressure from rising demand, increased renewable integration, and extreme weather events. With electricity expected to reach 50 percent of global energy use by 2050, according to the International Energy Agency (IEA), grids must become smarter and digitized. ABB’s electrification portfolio, combined with Netcontrol’s advanced grid automation solutions, is intended to help customers on their journey to digitize the power grid. Headquartered in Helsinki, the company has around 100 employees. Netcontrol was founded in 1991 and is currently owned by Procuritas Partners, a Swedish private equity fund.
Once the deal closes, Netcontrol’s products and services are expected to be integrated into ABB’s Distribution Solutions portfolio and offered through its global sales channels.
Find out more about the Grid Automation market.