- In March 2021, ABB joined hands with Amazon Web services to develop a cloud based digital solutions for quick electrification of transport fleets. ABB provided its power distribution solutions for charging stations integrated with AWS software for developing a reliable ecosystem for seamless experience. This helped the company to strengthen its product portfolio in different industry verticals of the market.
- In February 2021, Hubbell announced the acquisition of Beckwith Electric Co., Inc. a premier manufacturer of protection and control products for electric utility and industrial markets. This acquisition strengthened Hubbell’s capabilities in advanced distribution automation technology sold to utility customers. This enhanced the company’s product portfolio in power & utility business segment in the market.
