{"id":11858,"date":"2020-09-28T18:52:44","date_gmt":"2020-09-28T22:52:44","guid":{"rendered":"https:\/\/www.comtechadvisory.com\/blog\/pioneer-announces-acquisition-by-hitachi-abb\/"},"modified":"2020-09-28T18:52:44","modified_gmt":"2020-09-28T22:52:44","slug":"pioneer-announces-acquisition-by-hitachi-abb","status":"publish","type":"post","link":"https:\/\/www.comtechadvisory.com\/blog\/pioneer-announces-acquisition-by-hitachi-abb\/","title":{"rendered":"Pioneer Announces Acquisition by Hitachi ABB"},"content":{"rendered":"
\n

Pioneer Global Solutions, better known in the CTRM space as just Pioneer, announced this afternoon that they are being acquired by Hitachi ABB Power Grids.\u00a0 ABB had previous acquired Ventyx, which itself had acquired Global Energy Decisions and among other assets, the nMarket power settlements solution.\u00a0 ABB had included those solutions under the banner of ABB Power Grids, which was their power market and power storage asset-centric business (transformers, switching equipment, power lines, etc) and accounted for about 25% of ABB\u2019s total revenues.\u00a0 Though nMarket had been a solid solution in wide use around the power markets for many years, it did seem to suffer from lack of attention within the larger ABB organization. Hitachi had announced the acquisition of the ABB Power Grids unit at the end of 2018, but the deal wasn\u2019t finalized until July of this year.\u00a0 Now with that acquisition complete, the purchase of Pioneer and their multi-commodity solution platform TRMTracker would seem to signal a renewed interest in the wholesale energy space on the part of the management of Hitachi ABB Power Grids.\u00a0 As noted in the press release, as a result of this agreement, \u201cHitachi ABB Power Grids will expand its existing Energy Portfolio… continue reading<\/a><\/p>\n

Continue reading Pioneer Announces Acquisition by Hitachi ABB<\/a>. This article appeared first on CTRM Center<\/a>.<\/p>\n

\"\"<\/div>\n","protected":false},"excerpt":{"rendered":"

Pioneer Global Solutions, better known in the CTRM space as just Pioneer, announced this afternoon that they are being acquired by Hitachi ABB Power Grids.\u00a0 ABB had previous acquired Ventyx, which itself had acquired Global Energy Decisions and among other assets, the nMarket power settlements solution.\u00a0 ABB had included those solutions under the banner of ABB Power Grids, which was their power market and power storage asset-centric business (transformers, switching equipment, power lines, etc) and accounted for about 25% of ABB\u2019s total revenues.\u00a0 Though nMarket had been a solid solution in wide use around the power markets for many years, it did seem to suffer from lack of attention within the larger ABB organization. Hitachi had announced the acquisition of the ABB Power Grids unit at the end of 2018, but the deal wasn\u2019t finalized until July of this year.\u00a0 Now with that acquisition complete, the purchase of Pioneer and their multi-commodity solution platform TRMTracker would seem to signal a renewed interest in the wholesale energy space on the part of the management of Hitachi ABB Power Grids.\u00a0 As noted in the press release, as a result of this agreement, \u201cHitachi ABB Power Grids will expand its existing Energy Portfolio… … continue reading<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[4],"tags":[],"acf":[],"yoast_head":"\nPioneer Announces Acquisition by Hitachi ABB | Commodity Technology Advisory<\/title>\n<meta name=\"description\" content=\"Pioneer Global Solutions, better known in the CTRM space as just Pioneer, announced this afternoon that they are being acquired by Hitachi ABB Power\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.comtechadvisory.com\/blog\/pioneer-announces-acquisition-by-hitachi-abb\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Pioneer Announces Acquisition by Hitachi ABB | Commodity Technology Advisory\" \/>\n<meta property=\"og:description\" content=\"Pioneer Global Solutions, better known in the CTRM space as just Pioneer, announced this afternoon that they are being acquired by Hitachi ABB Power\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.comtechadvisory.com\/blog\/pioneer-announces-acquisition-by-hitachi-abb\/\" \/>\n<meta property=\"og:site_name\" content=\"Commodity Technology Advisory\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CommodityTechnologyAdvisory\" \/>\n<meta property=\"article:published_time\" content=\"2020-09-28T22:52:44+00:00\" \/>\n<meta property=\"og:image\" content=\"http:\/\/feeds.feedburner.com\/~r\/CTRMCenterBlog\/~4\/PC6FvPhvvV4\" \/>\n<meta name=\"author\" content=\"Patrick Reames\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@comtechadvisory\" \/>\n<meta name=\"twitter:site\" content=\"@comtechadvisory\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Patrick Reames\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.comtechadvisory.com\/blog\/pioneer-announces-acquisition-by-hitachi-abb\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.comtechadvisory.com\/blog\/pioneer-announces-acquisition-by-hitachi-abb\/\"},\"author\":{\"name\":\"Patrick Reames\",\"@id\":\"https:\/\/www.comtechadvisory.com\/#\/schema\/person\/280c24085ee23c1322c66042426ee6b9\"},\"headline\":\"Pioneer Announces Acquisition by Hitachi ABB\",\"datePublished\":\"2020-09-28T22:52:44+00:00\",\"dateModified\":\"2020-09-28T22:52:44+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.comtechadvisory.com\/blog\/pioneer-announces-acquisition-by-hitachi-abb\/\"},\"wordCount\":223,\"publisher\":{\"@id\":\"https:\/\/www.comtechadvisory.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.comtechadvisory.com\/blog\/pioneer-announces-acquisition-by-hitachi-abb\/#primaryimage\"},\"thumbnailUrl\":\"http:\/\/feeds.feedburner.com\/~r\/CTRMCenterBlog\/~4\/PC6FvPhvvV4\",\"articleSection\":[\"Blog\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.comtechadvisory.com\/blog\/pioneer-announces-acquisition-by-hitachi-abb\/\",\"url\":\"https:\/\/www.comtechadvisory.com\/blog\/pioneer-announces-acquisition-by-hitachi-abb\/\",\"name\":\"Pioneer Announces Acquisition by Hitachi ABB | Commodity Technology Advisory\",\"isPartOf\":{\"@id\":\"https:\/\/www.comtechadvisory.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.comtechadvisory.com\/blog\/pioneer-announces-acquisition-by-hitachi-abb\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.comtechadvisory.com\/blog\/pioneer-announces-acquisition-by-hitachi-abb\/#primaryimage\"},\"thumbnailUrl\":\"http:\/\/feeds.feedburner.com\/~r\/CTRMCenterBlog\/~4\/PC6FvPhvvV4\",\"datePublished\":\"2020-09-28T22:52:44+00:00\",\"dateModified\":\"2020-09-28T22:52:44+00:00\",\"description\":\"Pioneer Global Solutions, better known in the CTRM space as just Pioneer, announced this afternoon that they are being acquired by Hitachi ABB Power\",\"breadcrumb\":{\"@id\":\"https:\/\/www.comtechadvisory.com\/blog\/pioneer-announces-acquisition-by-hitachi-abb\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.comtechadvisory.com\/blog\/pioneer-announces-acquisition-by-hitachi-abb\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.comtechadvisory.com\/blog\/pioneer-announces-acquisition-by-hitachi-abb\/#primaryimage\",\"url\":\"http:\/\/feeds.feedburner.com\/~r\/CTRMCenterBlog\/~4\/PC6FvPhvvV4\",\"contentUrl\":\"http:\/\/feeds.feedburner.com\/~r\/CTRMCenterBlog\/~4\/PC6FvPhvvV4\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.comtechadvisory.com\/blog\/pioneer-announces-acquisition-by-hitachi-abb\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.comtechadvisory.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Pioneer Announces Acquisition by Hitachi ABB\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.comtechadvisory.com\/#website\",\"url\":\"https:\/\/www.comtechadvisory.com\/\",\"name\":\"Commodity Technology Advisory\",\"description\":\"CTRM Market Insights\",\"publisher\":{\"@id\":\"https:\/\/www.comtechadvisory.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.comtechadvisory.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/www.comtechadvisory.com\/#organization\",\"name\":\"Commodity Technology Advisory\",\"url\":\"https:\/\/www.comtechadvisory.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.comtechadvisory.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/www.comtechadvisory.com\/wp-content\/uploads\/2013\/06\/social-square-logo.png\",\"contentUrl\":\"https:\/\/www.comtechadvisory.com\/wp-content\/uploads\/2013\/06\/social-square-logo.png\",\"width\":700,\"height\":700,\"caption\":\"Commodity Technology Advisory\"},\"image\":{\"@id\":\"https:\/\/www.comtechadvisory.com\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/CommodityTechnologyAdvisory\",\"https:\/\/twitter.com\/comtechadvisory\",\"https:\/\/www.linkedin.com\/company\/2980731\",\"https:\/\/www.youtube.com\/user\/Comtechadvisory\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.comtechadvisory.com\/#\/schema\/person\/280c24085ee23c1322c66042426ee6b9\",\"name\":\"Patrick Reames\",\"url\":\"https:\/\/www.comtechadvisory.com\/author\/preames\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Pioneer Announces Acquisition by Hitachi ABB | Commodity Technology Advisory","description":"Pioneer Global Solutions, better known in the CTRM space as just Pioneer, announced this afternoon that they are being acquired by Hitachi ABB Power","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.comtechadvisory.com\/blog\/pioneer-announces-acquisition-by-hitachi-abb\/","og_locale":"en_US","og_type":"article","og_title":"Pioneer Announces Acquisition by Hitachi ABB | Commodity Technology Advisory","og_description":"Pioneer Global Solutions, better known in the CTRM space as just Pioneer, announced this afternoon that they are being acquired by Hitachi ABB Power","og_url":"https:\/\/www.comtechadvisory.com\/blog\/pioneer-announces-acquisition-by-hitachi-abb\/","og_site_name":"Commodity Technology Advisory","article_publisher":"https:\/\/www.facebook.com\/CommodityTechnologyAdvisory","article_published_time":"2020-09-28T22:52:44+00:00","og_image":[{"url":"http:\/\/feeds.feedburner.com\/~r\/CTRMCenterBlog\/~4\/PC6FvPhvvV4"}],"author":"Patrick Reames","twitter_card":"summary_large_image","twitter_creator":"@comtechadvisory","twitter_site":"@comtechadvisory","twitter_misc":{"Written by":"Patrick Reames","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.comtechadvisory.com\/blog\/pioneer-announces-acquisition-by-hitachi-abb\/#article","isPartOf":{"@id":"https:\/\/www.comtechadvisory.com\/blog\/pioneer-announces-acquisition-by-hitachi-abb\/"},"author":{"name":"Patrick Reames","@id":"https:\/\/www.comtechadvisory.com\/#\/schema\/person\/280c24085ee23c1322c66042426ee6b9"},"headline":"Pioneer Announces Acquisition by Hitachi ABB","datePublished":"2020-09-28T22:52:44+00:00","dateModified":"2020-09-28T22:52:44+00:00","mainEntityOfPage":{"@id":"https:\/\/www.comtechadvisory.com\/blog\/pioneer-announces-acquisition-by-hitachi-abb\/"},"wordCount":223,"publisher":{"@id":"https:\/\/www.comtechadvisory.com\/#organization"},"image":{"@id":"https:\/\/www.comtechadvisory.com\/blog\/pioneer-announces-acquisition-by-hitachi-abb\/#primaryimage"},"thumbnailUrl":"http:\/\/feeds.feedburner.com\/~r\/CTRMCenterBlog\/~4\/PC6FvPhvvV4","articleSection":["Blog"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.comtechadvisory.com\/blog\/pioneer-announces-acquisition-by-hitachi-abb\/","url":"https:\/\/www.comtechadvisory.com\/blog\/pioneer-announces-acquisition-by-hitachi-abb\/","name":"Pioneer Announces Acquisition by Hitachi ABB | Commodity Technology Advisory","isPartOf":{"@id":"https:\/\/www.comtechadvisory.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.comtechadvisory.com\/blog\/pioneer-announces-acquisition-by-hitachi-abb\/#primaryimage"},"image":{"@id":"https:\/\/www.comtechadvisory.com\/blog\/pioneer-announces-acquisition-by-hitachi-abb\/#primaryimage"},"thumbnailUrl":"http:\/\/feeds.feedburner.com\/~r\/CTRMCenterBlog\/~4\/PC6FvPhvvV4","datePublished":"2020-09-28T22:52:44+00:00","dateModified":"2020-09-28T22:52:44+00:00","description":"Pioneer Global Solutions, better known in the CTRM space as just Pioneer, announced this afternoon that they are being acquired by Hitachi ABB Power","breadcrumb":{"@id":"https:\/\/www.comtechadvisory.com\/blog\/pioneer-announces-acquisition-by-hitachi-abb\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.comtechadvisory.com\/blog\/pioneer-announces-acquisition-by-hitachi-abb\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.comtechadvisory.com\/blog\/pioneer-announces-acquisition-by-hitachi-abb\/#primaryimage","url":"http:\/\/feeds.feedburner.com\/~r\/CTRMCenterBlog\/~4\/PC6FvPhvvV4","contentUrl":"http:\/\/feeds.feedburner.com\/~r\/CTRMCenterBlog\/~4\/PC6FvPhvvV4"},{"@type":"BreadcrumbList","@id":"https:\/\/www.comtechadvisory.com\/blog\/pioneer-announces-acquisition-by-hitachi-abb\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.comtechadvisory.com\/"},{"@type":"ListItem","position":2,"name":"Pioneer Announces Acquisition by Hitachi ABB"}]},{"@type":"WebSite","@id":"https:\/\/www.comtechadvisory.com\/#website","url":"https:\/\/www.comtechadvisory.com\/","name":"Commodity Technology Advisory","description":"CTRM Market Insights","publisher":{"@id":"https:\/\/www.comtechadvisory.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.comtechadvisory.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.comtechadvisory.com\/#organization","name":"Commodity Technology Advisory","url":"https:\/\/www.comtechadvisory.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.comtechadvisory.com\/#\/schema\/logo\/image\/","url":"https:\/\/www.comtechadvisory.com\/wp-content\/uploads\/2013\/06\/social-square-logo.png","contentUrl":"https:\/\/www.comtechadvisory.com\/wp-content\/uploads\/2013\/06\/social-square-logo.png","width":700,"height":700,"caption":"Commodity Technology Advisory"},"image":{"@id":"https:\/\/www.comtechadvisory.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/CommodityTechnologyAdvisory","https:\/\/twitter.com\/comtechadvisory","https:\/\/www.linkedin.com\/company\/2980731","https:\/\/www.youtube.com\/user\/Comtechadvisory"]},{"@type":"Person","@id":"https:\/\/www.comtechadvisory.com\/#\/schema\/person\/280c24085ee23c1322c66042426ee6b9","name":"Patrick Reames","url":"https:\/\/www.comtechadvisory.com\/author\/preames\/"}]}},"_links":{"self":[{"href":"https:\/\/www.comtechadvisory.com\/wp-json\/wp\/v2\/posts\/11858"}],"collection":[{"href":"https:\/\/www.comtechadvisory.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.comtechadvisory.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.comtechadvisory.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.comtechadvisory.com\/wp-json\/wp\/v2\/comments?post=11858"}],"version-history":[{"count":0,"href":"https:\/\/www.comtechadvisory.com\/wp-json\/wp\/v2\/posts\/11858\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.comtechadvisory.com\/wp-json\/wp\/v2\/media?parent=11858"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.comtechadvisory.com\/wp-json\/wp\/v2\/categories?post=11858"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.comtechadvisory.com\/wp-json\/wp\/v2\/tags?post=11858"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}