The transaction is expected to close in H1 2018, subject to customary regulatory clearances. Together we will strengthen ABB’s #2 position in electrification globally and expand our access to the attractive North American market.”, ABB (ABBN: SIX Swiss Ex) is a pioneering technology leader in electrification products, robotics and motion, industrial automation and power grids, serving customers in utilities, industry and transport & infrastructure globally. ABB is seeking to better penetrate the North American market and gain access to GE’s larger installed base of electrical installations worldwide. Let’s write the future. The press release and presentation slides are available on the ABB News Center at www.abb.com/news and on the Investor Relations homepage at www.abb.com/investorrelations. GE Industrial Solutions has deep customer relationships in more than 100 countries and an established installed base with strong roots in North America, ABB’s biggest market. The GE products include circuit breakers, switchgear, components for lighting control and power supply equipment for facilities including data centers. ABB Industrial Solutions empowers smarter business operations by connecting equipment, software, and services to protect, control, and optimize assets within electrical infrastructures. & utilities, Extensions, Upgrades and A mart way to keep your catalogs up to date. ABB's website uses cookies. Continuing a history of innovation spanning more than 130 years, ABB today is writing the future of industrial digitalization with two clear value propositions: bringing electricity from any power plant to any plug and automating industries from natural resources to finished products. We look forward to working with GE Industrial Solutions’ and ABB’s customers and channel partners to create new opportunities in this highly attractive core market for our division. Such forward-looking statements can be identified by words such as plans, intends, expects, commits and other similar terms. Combining ABB & GE Industrial Solutions leading edge technologies offers you a new comprehensive one line construction package. Zurich - ABB announced the acquisition of GE Industrial Solutions, GE’s global electrification solutions business. For more than a century, GE has designed, built, installed and serviced the electrical distribution equipment that keeps industrial operations powered and productive. GE Industrial Solutions has deep customer relationships in more than 100 countries and an established installed base with strong roots in North America, ABB’s biggest market. No forward-looking statement can be guaranteed. GE is organized around a global exchange of knowledge, the "GE Store," through which each business shares and accesses the same technology, markets, structure and intellect. EthosEnergy’s OOEM (Other Original Equipment Manufacturer) Services consist of GE, ABB, and ALSTOM Gas Turbine Services. From Sweden, the number to dial is +46 85 051 00 31, and from the rest of Europe, +41 58 310 50 00. www.GE.com, ABB (ABBN: SIX Swiss Ex) is a pioneering technology leader in electrification products, robotics and motion, industrial automation and power grids, serving customers in utilities, industry and transport & infrastructure globally. GE Industrial Solutions has deep customer relationships in more than 100 countries and an established installed base with strong roots in North America, ABB’s biggest market. Callers from the UK should dial +44 207 107 06 13. Together. Visit our web site today. By staying here you are agreeing to our use of cookies. ABB expects to realize approximately $200 million of annual cost synergies in year five, which will be key in bringing GE Industrial Solutions to peer performance. What's New . See all Industries GE Industrial Solutions is headquartered in Atlanta, Georgia, and has about 13,500 employees around the world. Included in the acquisition is a long-term right to use the GE brand. Reviewer(s) 8 7 5 4 4. Together we will have a comprehensive combined portfolio, as well as an expanded global footprint, sales force and distribution network,” said Tarak Mehta. Callers from the US and Canada should dial +1 866 291 41 66 (toll-free) or +1 631 570 56 13 (long-distance charges apply). We design electrical solutions at the crossroads of digital and industrial – smart, rugged and equipped to control electricity from the grid to its point of use. In more than 100 countries with about 135,000 employees Solutions leading edge technologies offers you a comprehensive. Branch circuit protection Solutions for $ 2.6 billion ; the transaction was announced on September,! Global electrification Solutions business open 10-15 minutes before the start of the BuyLog and control.. 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