# ABB completes €2.2bn acquisition of GE Industrial Solutions

ABB has completed the €2.2bn acquisition of GE Industrial Solutions (GEIS), GE's global electrification business. The unit will be integrated into ABB's Electrification Products division as a new business unit called Electrification Products Industrial Solutions.

- Type: Acquisition
- Announced: 2020-05-19
- Value: $2.40B (2.20B EUR)
- Status: completed
- Products: electrification products, electrical solutions
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

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

## Sources

- [businesschief.eu](https://businesschief.eu/corporate-finance/abb-completes-euro22bn-acquisition-ges-global-electrifications-business), 2020-05-19: "We are very pleased to welcome GE Industrial Solutions to ABB."

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