ABB to acquire GE Industrial Solutions for $2.6 billion
ABB announced the acquisition of GE Industrial Solutions, GE's global electrification solutions business, for $2.6 billion. The deal is expected to close in H1 2018 and will strengthen ABB's #2 global position in electrification, expanding access to the North American market.
Productselectrification solutions
“General Electric is reported to have resumed negotiations to sell its Industrial Solutions business to ABB after earlier talks broke down over the value of the business.”drivesncontrols.com
- 12 sources
- drivesncontrols.com‘GE restarts talks to sell industrial arm to ABB for over $2bn’ - Drives&ControlsAug 24, 2017
- europeansources.infoMerger Case M.8678 | Acquisition of General Electric Industrial Solutions by ABB – European Sources OnlineSep 25, 2017
- new.abb.comABB to acquire GE Industrial Solutions | News centerSep 25, 2017
- web.archive.orgABB buys GE business for $2.6 billion in bet it can boost marginsSep 25, 2017
- cnbc.comABB CEO Spiesshofer is confident about deal with General ElectricLuke GrahamSep 25, 2017
Summarized from public sources; check the original articles before acting on it.
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