ABB agrees to buy Rotork in $5.5 billion deal

ABB agreed to acquire British flow-control specialist Rotork in a recommended cash takeover with an enterprise value of about $5.5 billion. The deal values Rotork's share capital at approximately £4.1 billion and requires shareholder, court, and regulatory approval.

“ABB believes Rotork will strengthen the field-device layer of its automation portfolio.”swikblog.com

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• swikblog.comABB Buys Rotork in $5.5 Billion UK Engineering DealChetan SharmaJan 1, 2018

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