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CMS Advises ABB on Acquisition of ASKI Energy

CMS Advises ABB on Acquisition of ASKI Energy

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CMS has advised Swedish-Swiss technology group ABB on its acquisition of Austrian energy optimization company ASKI Energy.

Financial details were not disclosed.

ABB is a Swedish-Swiss multinational corporation focusing on electrical equipment, robotics, and automation technology.

According to CMS, ASKI Industrie Elektronik produces automated systems for energy optimization and control that help its customers reduce their energy costs. “The acquisition of ASKI Energy expands ABB's digital energy management portfolio and accelerates the development of the digital energy services ecosystem. In addition, the acquisition enables ABB to offer new features and technologies on the market in the areas of energy optimization and control.”

CMS’ team included Partners Alexander Rakosi and Andrea Potz, Lawyers Florian Mayer, Mariella Kapoun, and Dieter Zandler, and Associates Thomas Liegl, Maximilian Uidl, and Ramona Mujanovic.

CMS did not respond to our inquiry on the matter.

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