ABB completes acquisition of GE Industrial Solutions for $2.6 billion
ABB Ltd completed its acquisition of GE Industrial Solutions, General Electric's global electrification business, for approximately $2.6 billion in cash. The deal strengthens ABB's number-two position in electrification and expands its North American footprint.
Productslow-voltage productsbreakersswitchgearcontrol systems
“ABB acquired it for about $2.6 billion and secured a long-term right to use the GE brand plus a strategic supply relationship with GE.”vectorshift.ai
- 4 sources
- vectorshift.aiABB Ltd acquires GE Industrial Solutions — deal terms · VectorShift ResearchJun 30, 2018
- electricaltrends.comABB Completes GE Deal ... Now Work Begins - Electrical TrendsDavid GordonJul 11, 2018
- carey.clABB and General Electric conclude USD2,6 billion acquisition deal - Carey AbogadosPamela BernhardtJul 13, 2018
- globalatlanta.comABB Completes GE Unit Acquisition, Deepening Swiss Presence in Atlanta - Global AtlantaTrevor WilliamsJul 23, 2018
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