ABB Invests in Edge-to-Cloud Platform Innovator Pratexo

ABB Invests in Edge-to-Cloud Platform Innovator Pratexo

ABB is investing in a strategic partnership with Pratexo, an edge-to-cloud acceleration platform company. The partnership involves a minority investment in Pratexo through ABB’s venture capital unit, ABB Technology Ventures (ATV). Financial details of the investment were not disclosed. Pratexo’s technology platform supports IoT and artificial intelligence initiatives which demand compute power at the edge. The company’s technology enables the rapid set up of systems that can process huge amounts of data generated by IoT sensors and run advanced analytics in real time close to the location of the device, rather than in the cloud.

Rexel Canada Acquires Lineman’s Testing Laboratories of Canada

Rexel Canada Acquires Lineman’s Testing Laboratories of Canada

Rexel Canada announced that it has acquired Lineman’s Testing Laboratories of Canada Ltd, a provider of high‐voltage electrical services and products to the utility and industrial markets based in Toronto, ON and Edmonton, AB. The acquisition, which closed in January, will provide Rexel Canada with enhanced opportunities in an attractive and value‐added market.

Hammond Power Solutions Announces Adrian Thomas as Chief Executive Officer
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Hammond Power Solutions Announces Adrian Thomas as Chief Executive Officer

Adrian Thomas has been announced by Hammond Power Solutions Inc. as the Company’s next Chief Executive Officer, replacing Bill Hammond who will assume the position of Executive Chairman after 22 years as the CEO. Mr. Thomas will also be appointed to HPS’ Board of Directors. The announcement follows an extensive search process conducted by the…