# ABB agrees to acquire Thomas & Betts

Power and automation group ABB agreed to acquire North American low voltage product maker Thomas & Betts in a transaction described as approximately USD 3 billion.

- Type: Acquisition
- Announced: 2017-06-05
- Where: Eggelsberg, Upper Austria, Austria
- Status: announced
- Products: low voltage products
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [ABB](https://endata.com/companies/1547.md) (acquirer)
- [Thomas & Betts](https://endata.com/companies/1548.md) (target)
- [B&R](https://endata.com/companies/1728.md) (target)

## Sources

- [valve-world-americas.com](https://valve-world-americas.com/tag/acquire/), 2017-06-05: "ABB will acquire Thomas & Betts for approximately USD3."
- [kundinger.com](https://kundinger.com/br-now-abbs-global-center-machine-factory-automation/), 2017-07-11: "Following approval by EU competition authorities, the acquisition became legally effective on July 6, 2017."

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