ABB completes acquisition of GE Industrial Solutions
Zurich, Switzerland, July 2, 2018· Strengthens ABB’s #2 global position in electrification · Expands access to attractive North American market · Operational EPS[1] accretive in year one · Expected annual cost synergies of approximately $200 million in year five confirmed ABB announced it has completed its acquisition of GE Industrial Solutions (GEIS), GE’s global electrification solutions business on June 30, 2018. The transaction was announced on September