# 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.

- Type: Acquisition
- Announced: 2017-08-24
- Where: Atlanta, Georgia, United States
- Value: $2.60B
- Jobs: 13,500
- Status: announced
- Products: electrification solutions
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [General Electric](https://endata.com/companies/1262.md) (partner)
- [General Electric](https://endata.com/companies/1262.md) (target)
- [ABB](https://endata.com/companies/1547.md) (acquirer)
- [GE Industrial Solutions](https://endata.com/companies/2125.md) (target)

## Sources

- [drivesncontrols.com](https://drivesncontrols.com/ge-restarts-talks-to-sell-industrial-arm-to-abb-for-over-2bn/), 2017-08-24: "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."
- [europeansources.info](https://www.europeansources.info/record/merger-case-m-8678-acquisition-of-general-electric-industrial-solutions-by-abb/), 2017-09-25: "ABB to Revamp GE's 'Unloved Child' in $2.6 Billion Deal"
- [new.abb.com](https://new.abb.com/news/detail/2117/abb-to-acquire-ge-industrial-solutions), 2017-09-25: "With GE Industrial Solutions, we strengthen our Number 2 position in electrification globally and expand our access to the attractive North American market."
- [web.archive.org](https://web.archive.org/web/20170928063926/www.reuters.com/article/us-abb-ge-industrial-solutions/abb-buys-ge-business-for-2-6-billion-in-bet-it-can-boost-margins-idUSKCN1C00DW), 2017-09-25: "Power grids maker ABB is buying General Electric's Industrial Solutions business for $2.6 billion in a bet it can improve the division's lackluster margins over the next five years."
- [cnbc.com](https://www.cnbc.com/2017/09/25/abb-ceo-spiesshofer-is-confident-about-deal-with-general-electric.html), 2017-09-25: "Swiss power grid maker ABB will pay $2.6 billion for General Electric's Industrial Solutions business, it was announced Monday."
- [inddist.com](https://www.inddist.com/mergers-acquisitions/news/13774778/abb-buying-ge-industrial-solutions-for-26-billion), 2017-09-25: "With GE Industrial Solutions, we strengthen our Number 2 position in electrification globally and expand our access to the attractive North American market."
- [powermag.com](https://www.powermag.com/abb-acquiring-ge-electrification-unit-in-2-6-billion-deal/), 2017-09-25: "With GE Industrial Solutions, we strengthen our number 2 position in electrification globally and expand"
- [drivesncontrols.com](https://drivesncontrols.com/abbs-2-6bn-ge-deal-will-make-it-global-switchgear-leader/), 2017-09-28: "ABB’s recently announced acquisition of GE Industrial Solutions will allow it to leapfrog ahead of Siemens to become leader of the global switchgear market"
- [worldpipelines.com](https://www.worldpipelines.com/business-news/28092017/commentary-abb-to-acquire-ge-industrial-solutions/), 2017-09-28: "ABB, a supplier of robotics, process automation, and electrification components, recently announced its intent to acquire GE Industrial Solutions for US$2.6 billion."
- [nepalenergyforum.com](http://www.nepalenergyforum.com/abb-buys-ge-business-for-2-6-billion-in-bet-it-can-boost-margins/), 2017-10-01: "Power grids maker ABB is buying General Electric's Industrial Solutions business for $2.6 billion on a bet that it can improve lacklustre margins at the unit over the next five years."
- [electricalmarketing.com](https://www.electricalmarketing.com/news/industry/article/20915052/channel-and-brand-are-key-to-abb-deal-for-ge-industrial-solutions), 2017-10-03: "One of the most significant reasons we felt this acquisition was so important to us was to gain access to the largest market in the world, especially one where the distribution channel is so critical."
- [bsic.it](https://bsic.it/abb-ge-industrial-services-merger-2-6bn-deal-revamp-ge-division/), 2017-10-08: "On September 25, 2017, ABB announced the acquisition of GE Industrial Solutions for a cash consideration of $2.6bn."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.