ABB acquires Raffin Electric Company, Ltd.
ABB announced this week its acquisition of the assets of the manufacturing and industrial contracting units of Raffin Electric Company, Ltd. Based in Calgary, Raffin Electric is a manufacturer of custom, premanufactured power distribution centers and other electrical distribution equipment used primarily in harsh outdoor environments.
“This acquisition will help strengthen ABB’s leading position in supplying power and automation products, services and systems to the oil and gas industry,” said Sandy Taylor, ABB Canada’s president and global head of ABB’s oil and gas business.
“Raffin’s products, its reputation for delivering quality services and the people behind those products and services will complement ABB’s focus on meeting customer needs for improved reliability and performance in electrical distribution networks,” added Peter Didaskalos, vice president and general manager, high and medium voltage apparatus, power products division, North America.
Raffin Electric employs about 65 people at its Calgary facility and generates over $20 MCAD in annual revenues. The acquisition will be integrated into ABB’s Power Products for Medium Voltage business and will continue to operate as a dedicated site in Calgary.