BRISBANE, Australia – Mincom today announced that its strong enterprise software business is well positioned for the next phase of growth with the support of its new owner, ABB– one of the world’s leading global power and automation technology companies.

ABB is acquiring Mincom from private equity group Francisco Partners to broaden its software portfolio and establish its presence as a market leader in enterprise asset management (EAM) software and services.

Founded in 1979 in Brisbane, Mincom is a global enterprise software and services provider for asset-intensive industries, such as natural resources, energy, public infrastructure and defense, with nearly 1,000 employees, annual revenues of approximately US$200 million, and a customer base that includes 17 of the top 20 global mining houses.

Combining Mincom’s best-of-breed EAM solutions with ABB’s financial support and large global footprint creates a platform to deliver greater innovation in Mincom’s products, services and customer support.

“ABB’s acquisition of Mincom and interest in the business is a vote of confidence in our products, service capability, R&D innovation, return on investment and growth prospects,” said Mincom CEO Greg Clark. “This deal would not have been possible without our talented teams, who stayed focused through a difficult economic crisis, and our loyal customers who have stood by Mincom – many for more than 15 years.”

Clark continued, “By combining with ABB, Mincom customers will also benefit from ABB’s commitment to expand R&D investment in Mincom’s solutions and customer support.

“The union of the two companies will open up new opportunities for growth through access to ABB’s presence and relationships in some of the world’s largest global infrastructure and industrial projects. Mincom can deliver the enterprise asset management solutions and services to help such customers optimize performance and streamline maintenance, lowering the total cost of asset ownership.”

Examples of these include a $30m power supply project at Rio Tinto’s Hope Downs 4 Mine in the Pilbara region of Western Australia, a $58m project to provide automation, safety, and telecommunications systems to Queensland Gas Corp’s Curtis LNG project, and a range of power and automation solutions for the Toromocho copper mine in Peru, one of the largest undeveloped copper deposits in the world. ABB technologies also enable the evolution of many of the world’s leading smart grid projects.

To ensure continuity and prevent any disruption to customers, ABB plans to retain the management team and the Australia-based operations will continue as before. While the acquisition will see an expansion in Mincom’s global reach and service capabilities, Australia will remain a significant focus of the business as it has been over the past three decades, with Mincom’s headquarters and substantial R&D organization continuing to be based in Brisbane. ABB already has a significant presence and business profile in Australia, which will be further strengthened with the addition of Mincom.

About ABB

ABB (www.abb.com) is a leader in power and automation technologies that enable utility and industry customers to improve performance while lowering environmental impact. The ABB Group of companies operates in around 100 countries and employs approximately 124,000 people.

About Mincom

Mincom Pty Ltd is a global software and services provider with more than 30 years of experience in providing business solutions to companies in asset-intensive industries – such as mining, defense, energy and public infrastructure – in more than 40 countries around the world. Mincom customers are global industry leaders, including Anglo American, Kazakhmys, Norilsk Nickel, Siberian Services, Thales, Rio Tinto, BHP Billiton, Boeing, National Grid, London Underground, Xstrata Copper, Western Power, QBuild, BNSF Railway, EDF Energy, Caterpillar and Ecopetrol. For more information about Mincom, visit www.mincom.com.