ABB completes acquisition of B&R
Zurich, Switzerland, July 6, 2017· Acquisition creates a uniquely comprehensive automation portfolio for customers globally · Clear commitment to B&R's growth strategy, mid-term sales ambition of >$1 billion · B&R becomes new global business unit “Machine & Factory Automation” · Commitment to growing B&R’s business is demonstrated by investment in new R&D center · Transaction funded in cash, operational EPS accretive in year one ABB today announced that it has completed its acquisition of B&R (Bernecker + Rainer Industrie-Elektronik GmbH), the largest independent provider