ZURICH, Switzerland — ABB will combine the Striebel & John product range with its own range in the field of low-voltage products to offer complete systems from a single source in Germany. Further integrating the supply chain to electrical wholesale and direct industrial customers will improve efficiency. The parties agreed not to disclose financial details of the transaction. The Striebel & John brand will continue.
ABB Germany acquired 51 percent of the shares in Striebel & John in 1993. Since 1996, the company has been selling its products through the ABB Stotz-Kontakt/Striebel & John sales company.
“As part of our Next Level growth strategy, we are investing in our core activities to accelerate our expansion. Striebel & John has developed an innovative portfolio and has a strong brand. This offering will continue to be an integral part of our low voltage business in Germany,” said Tarak Mehta, presidents of ABB’s Low Voltage Products division. “We would like to thank the Striebel family for a long and successful collaboration. We remain committed to the brand and to the manufacturing and business functions in Sasbach, Germany.”
“Thanks to the long experience and expertise of our employees, we produce distribution systems for the future. I am pleased that the Striebel & John brand and the operations at Sasbach will be maintained,” said Gabriele Striebel, daughter of company founder Franz Striebel, who is to chair a new advisory board for the combined ABB-Striebel & John business.
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