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24 September 2018 The on-line newspaper devoted to the world of transports 23:54 GMT+2

September 25, 2017

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Original news
ABB will buy GE Industrial Solutions for
2,6 billion dollars
the division of the GE group, with center to Atlanta, in Georgia, has approximately 13.500
Helvetic group ABB will buy for 2,6 billion dollars GE Industrial Solutions, the division of the group American General Electric (GE) that it develops and it commercializes advanced technologies for all the withins of the infrastructure electrical worker, between which those of the fields industrial and commercial, of the oil and the gas, the transports and the naval section. GE Industrial Solutions has center to Atlanta, in Georgia, has approximately 13.500 dependent and last year it has recorded a turnover of approximately 2,7 billion dollars.

Second the forecasts, the transaction will be capacity to term in the first semester of the next year. GE Industrial Solutions will be integrated in the division Electrification Products (EP) of ABB. The Swiss group previews that over five years the acquisition will generate synergies in a position to approximately allowing annual savings pairs with 200 million dollars.

In the within of the understanding between ABB and GE for the passage of property of GE Industrial Solutions is agreed also a partnership strategic in the long term relative to the supply of the produced ones of GE Industrial Solutions and ABB.

"With GE Industrial Solutions - it has emphasized the managing director of ABB, Ulrich Spiesshofer - we strengthen our position of numbers two in the total field of the electrification and widen our access to the interesting North American market".

ABB Marine Solutions

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