ABB buys smart home device maker, Eve Systems

ABB this week announced that it has acquired Eve Systems, a German firm best known for a broad range of smart home accessories, including smart lights, plugs, air monitors and security cameras. I’ll admit the deal initially struck me as strange, given that Zurich-based ABB is well known – in my world, at least – as one of the leaders in industrial robotic arms.
More broadly, however, it’s an industrial automation firm with electrical equipment manufacturing roots that stretch back to the late-19th century. Among its many verticals is a Smart Building division. Per the company’s site,
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