NEWS T
he deepening collaboration between both organisations comes as companies continue to shift from centralised cloud to edge computing and hybrid edge-to-cloud solutions for better operational technology management. Financial details of the investment were not disclosed.
“This further investment in Pratexo is about creating greater customer value through digital technology that delivers powerful data and sustainability,” said Stuart Thompson, president ongoing partnership with Pratexo is bringing advanced electrical asset management to customers, enabling real-time data processing and faster decision-making at the data source.” ABB’s second investment in Pratexo will see the co-creation of innovative digital solutions that enable the early detection of potential issues, preventing unexpected failures, reducing downtime and extending the lifespan of critical assets. Through this, customers across utilities, industry and infrastructure sectors will be able to better balance energy distribution in real-time. This not only enhances the reliability of their energy supply, but also energy system.
“Since their initial investment, Pratexo has continued to deepen its relationship with ABB,” said Blaine Mathieu, CEO of Pratexo. “We have now gone beyond technology exploration and knowledge transfer, directly into a process of co-creating digital solutions that ABB will be
ABB COMPLETES SECOND INVESTMENT IN EDGE-TO-CLOUD SOLUTION PROVIDER PRATEXO
ABB has completed a second strategic investment in US-based technology company Pratexo, an edge-to-cloud software solution provider.
bringing to the market in 2025 and beyond.” As part of the investment, ABB will now take a full board seat at Pratexo to be held by Eric Deschenes, head of global marketing & sales
Pratexo, a member of the ABB SynerLeap innovation growth hub, was one of three Challenge, a global competition for innovators to develop pioneering concepts that support the world’s safe, smart and sustainable shift
The partnership is ABB’s seventh follow-on venture capital investment of 2024 in addition to six new deals and helps expand the company’s ecosystem of innovation partners, developing and sustainability. Since its formation in 2009, ABB’s venture capital unit, ABB Ventures, has invested around $450 million into startups that automation and motion portfolio.
leaders to come together, share insights and work towards collective solutions. By providing free access to its entire conference agenda, the organisers hope to create an inclusive environment where all voices in the packaging industry can be heard, encouraging the industry to engage with new concepts, share knowledge and solve some of the industry’s common problems.
LONDON PACKAGING WEEK ANNOUNCES FREE ACCESS TO ENTIRE 2024 CONFERENCE AGENDA
London Packaging Week makes over 17 hours of high-impact content across multiple stages, available for free, providing packaging professionals exclusive access to the latest insights.
E
asyfairs UK, the organisers of record-breaking London Packaging Week, will now offer full access to its comprehensive 2024 conference agenda free of charge. This decision aims to break down barriers to knowledge-sharing and ensure that
professionals from all packaging industry sectors, from large corporations to small startups, can engage in crucial conversations about the future of packaging.
London Packaging Week has fast become a melting pot of ideas, offering a dynamic platform for industry leaders, innovators and thought
“Our decision to make the entire conference agenda available for free is driven by the recognition that we all face similar challenges in the packaging industry,” said James Montero MacColl, senior marketing manager at Easyfairs UK. “The complexities of sustainability, waste reduction and technological advancements are global challenges that require collective solutions. By ensuring more people have access to the critical conversations at London Packaging Week, we are creating an environment where collaboration becomes the key to overcoming these challenges.” The organisers have made over 17 hours of free content available, spread across multiple stages, including the Food & Consumer Pack Stage, the Luxury Stage and the Beauty & Drinks Stage, each offering unique insights tailored to
The Food & Consumer Pack Stage features leading experts from organisations like WRAP, Brompton Bicycle, Sun Branding, Twinings, R-PAC International, OPRL and Nestlé, among others.
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