# 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.

- Type: Acquisition
- Announced: 2018-06-30
- Where: Atlanta, Georgia, United States
- Value: $2.60B
- Status: completed
- Products: low-voltage products, breakers, switchgear, control systems
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [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

- [vectorshift.ai](https://vectorshift.ai/research/deals/abb-ge-industrial-solutions-2018), 2018-06-30: "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."
- [electricaltrends.com](https://electricaltrends.com/2018/07/11/abb-completes-ge-deal/), 2018-07-11: "The deal is expected to be accretive to ABB earnings in year 1"
- [carey.cl](https://www.carey.cl/abb-and-general-electric-conclude-usd26-billion-acquisition-deal), 2018-07-13: "The global deal closed on 30 June, nine months after it was announced."
- [globalatlanta.com](https://www.globalatlanta.com/abb-completes-ge-unit-acquisition-deepening-swiss-presence-in-atlanta/), 2018-07-23: "The product portfolios of GE Industrial Solutions and ABB are highly complementary."

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