ABB to acquire GE Industrial Solutions
Zurich, Switzerland, September 25, 2017 - Shaping leadership in electrification– Acquisition will strengthen ABB’s #2 global position in electrification – Non-core GE business with significant value creation potential within ABB – Expands ABB’s access to the North American market through deep customer relationships, large installed base and extensive distribution networks – Long-term usage of GE brand agreed – Purchase price of $2.6 billion – Potential for annual cost synergies of approximately $200 million – ABB and GE establish long-term,