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ABB strengthens electrical engineering advisory capabilities in Europe with Premium Power acquisition

Business

ABB strengthens electrical engineering advisory capabilities in Europe with Premium Power acquisition
Business

Business

ABB strengthens electrical engineering advisory capabilities in Europe with Premium Power acquisition

2026-02-13 17:32 Last Updated At:17:51

ZURICH--(BUSINESS WIRE)--Feb 13, 2026--

ABB today announced it has entered into an agreement to acquire Premium Power, a leading electrical engineering consultancy headquartered near Dublin, Ireland. For more than two decades, Premium Power has established its reputation as a trusted advisor to large customers, particularly in data centers, pharmaceutical manufacturing and other mission-critical sectors where electrical resilience, uptime and regulatory compliance are essential. The transaction is expected to close in the first quarter of 2026. Financial terms were not disclosed.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260213161407/en/

As demand for electrification accelerates and power systems become more complex due to digitalization, renewable integration and grid constraints, customers increasingly require specialist advisory support to design, operate and future-proof their electrical infrastructure. The acquisition enhances ABB’s Electrification Service advisory offering – ABB Navigate – by deepening expertise in power system studies, grid connection and compliance modelling, power quality assessments and electrical safety and risk management.

In line with ABB’s M&A priorities, this acquisition represents a strategic, bolt-on investment that deepens capabilities and strengthens ABB’s ability to create long-term value for customers. By integrating Premium Power’s engineering advisory capabilities into the ABB Navigate portfolio, ABB will be able to support customers at the electrical power system level more consistently and at greater scale across its European customer base. This strengthens ABB’s ability to apply deep expertise in power system studies, grid connection and compliance modelling, power quality assessments, and electrical safety and risk management across a wider range of projects and portfolios. In doing so, ABB can help customers assess, plan and future‑proof complex electrical systems to better understand system risk, resilience and upgrade priorities before constraints lead to downtime, cost or operational disruption.

Stuart Thompson, President of ABB’s Electrification Service division, said: “The acquisition of Premium Power strengthens our ability to advise customers on complex power systems, grid connection and compliance challenges. This expertise is increasingly essential for critical industries such as data centers and pharmaceutical manufacturing, where reliability is paramount. Expanding and modernizing electrical systems – from grid connection through to on-site infrastructure – is central to energy resilience, ensuring reliable power as demand grows and energy networks become more complex. Combined with ABB’s execution and service capabilities, we can help customers design, de-risk and deliver better energy systems that are built to perform today and adapt for tomorrow.”

Founded in 2001 and headquartered in Ireland, Premium Power employs more than 40 electrical engineers and specialists. The company delivers a comprehensive range of services including power system studies, grid compliance and dynamic modelling, arc flash and electrical safety assessments, power quality audits, electrical design and risk management training. Today, its customers include multinational manufacturers and industrial companies operating complex, high-availability electrical networks.

Paula O’Neill, Managing Director of Premium Power, said: “For more than two decades, Premium Power has built its reputation by helping customers solve complex electrical challenges with technical rigor and independence. Joining ABB allows us to take that expertise further – scaling system-level impact across Europe while preserving the engineering depth and customer focus that define our business. Together, we can support customers earlier, more consistently and with greater impact as their electrical systems and requirements continue to evolve.”

ABB is a global technology leader in electrification and automation, enabling a more sustainable and resource-efficient future. By connecting its engineering and digitalization expertise, ABB helps industries run at high performance, while becoming more efficient, productive and sustainable so they outperform. At ABB, we call this ‘Engineered to Outrun’. The company has over 140 years of history and around 110,000 employees worldwide. ABB’s shares are listed on the SIX Swiss Exchange (ABBN) and Nasdaq Stockholm (ABB). www.abb.com

Premium Power is an electrical engineering consultancy specializing in power systems, electrical safety and arc flash. Trusted by high-profile clients who return time and again, we work with facility managers, sustainability managers, engineering teams, and M&E contractors to deliver advanced, tailored solutions that meet demanding operational needs while elevating electrical safety, maintenance, and sustainability to the highest standards. Premium Power provides safe, reliable and cost-effective solutions for the data center, pharmaceutical, manufacturing, utilities and renewable industries. www.premiumpower.ie

Paula O'Neill, Managing Director, Premium Power (L) and Owen Flood, Local Division Manager, ABB Electrification Service (R)

Paula O'Neill, Managing Director, Premium Power (L) and Owen Flood, Local Division Manager, ABB Electrification Service (R)

CHARLOTTE, N.C. (AP) — Brandon Miller scored 22 points, Kon Knueppel added 20 and the Charlotte Hornets beat the Indiana Pacers 129-108 on Friday night for their eighth victory in 10 games.

Miles Bridges scored 19 points and LaMelo Ball had 18 points and nine assists to help the Hornets improve to 42-26. Charlotte was 24 of 49 from 3-point range.

Pascal Siakam led Indiana with 30 points. The Pacers (18-59) had won two in a row.

The Hornets entered the night in eighth place in the Eastern Conference standings — 1 1/2 games behind Philadelphia and Toronto.

They left no doubt about this one.

Behind a flurry of early 3-pointers — including three in the first quarter from reserve Sion James — the Hornets raced to a 31-11 lead. Charlotte shot 14 of 27 from 3-point range in the first half to take a 69-50 lead.

Knueppel, who set the franchise record for 3s in a season Thursday night against Phoenix, finished 3 of 7 from beyond the arc and also showed versatility in his game with a coast-to-coast layup.

Ball had five 3s while Miller and James finished with four each. James had 13 points, two shy of his career high.

Quenton Jackson added 16 points for Indiana.

Pacers: At Cleveland on Sunday night.

Hornets: At Minnesota on Sunday night.

AP NBA: https://apnews.com/hub/NBA

Charlotte Hornets guard LaMelo Ball reacts after making a 3-point basket during the first half of an NBA basketball game against the Indiana Pacers in Charlotte, N.C., Friday, April 3, 2026. (AP Photo/Nell Redmond)

Charlotte Hornets guard LaMelo Ball reacts after making a 3-point basket during the first half of an NBA basketball game against the Indiana Pacers in Charlotte, N.C., Friday, April 3, 2026. (AP Photo/Nell Redmond)

Charlotte Hornets guard Coby White, right, drives into Indiana Pacers guard Ethan Thompson, left, during the first half of an NBA basketball game in Charlotte, N.C., Friday, April 3, 2026. (AP Photo/Nell Redmond)

Charlotte Hornets guard Coby White, right, drives into Indiana Pacers guard Ethan Thompson, left, during the first half of an NBA basketball game in Charlotte, N.C., Friday, April 3, 2026. (AP Photo/Nell Redmond)

Charlotte Hornets guard Coby White (3) moves the ball against Indiana Pacers guard Kam Jones (7) during the first half of an NBA basketball game in Charlotte, N.C., Friday, April 3, 2026. (AP Photo/Nell Redmond)

Charlotte Hornets guard Coby White (3) moves the ball against Indiana Pacers guard Kam Jones (7) during the first half of an NBA basketball game in Charlotte, N.C., Friday, April 3, 2026. (AP Photo/Nell Redmond)

Indiana Pacers guard Ethan Thompson (55) battles Charlotte Hornets guard Kon Knueppel, right, for the ball during the first half of an NBA basketball game in Charlotte, N.C., Friday, April 3, 2026. (AP Photo/Nell Redmond)

Indiana Pacers guard Ethan Thompson (55) battles Charlotte Hornets guard Kon Knueppel, right, for the ball during the first half of an NBA basketball game in Charlotte, N.C., Friday, April 3, 2026. (AP Photo/Nell Redmond)

Charlotte Hornets forward Brandon Miller (24) drives to the basket against Indiana Pacers guard Ben Sheppard, left, during the first half of an NBA basketball game in Charlotte, N.C., Friday, April 3, 2026. (AP Photo/Nell Redmond)

Charlotte Hornets forward Brandon Miller (24) drives to the basket against Indiana Pacers guard Ben Sheppard, left, during the first half of an NBA basketball game in Charlotte, N.C., Friday, April 3, 2026. (AP Photo/Nell Redmond)

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