The deal to buy US-based Validus DC Systems, for an undisclosed amount, follows September's investment in Power Assure by ABB Technology Ventures, the corporate venturing unit of Switzerland-based industrials group ABB.
ABB Technology Ventures, the corporate venturing unit of Switzerland-based industrials group ABB, has made its second recent investment in technology related to data centre power infrastructure by buying a control stake in US-based Validus DC Systems.
The deal, for an undisclosed amount, follows September’s investment in Power Assure. Both acquisitions helps ABB enter the $24bn telecommunications and data centre power infrastructure market.
In December 2007, Validus raised $10m from venture capital firm Oak Hill Venture Partners in its series…
