Independent journal on economy and transport policy
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ABB acquires Thomas&Betts for 3,9 billion dollars
the American company is leader in the America North for produced of lowland the tension
January 30, 2012
Helvetic group ABB, leader in the technologies for the energy and the automation, will acquire for about 3,9 billion dollars the American company Thomas&Betts, that he is leader in the America North for produced of lowland the tension.
ABB has explained that, as a result of the terms of the agreement, the transaction is structured as a fusion that demands the approval of the majority of the shareholders of Thomas&Betts, to obtain during an encounter that will probably come managed in according to trimester of 2012. The closing of the transaction is moreover subject to the customary normative processes of approval in North America and Europe.
The Swiss group has emphasized that, with the acquisition, integration and the produced widening of the portfolio, with the strengthening of the distribution network, will afford to ABB to double the potential market in America North carrying it to 24 billion dollars. "Thomas&Betts - the managing director of ABB, Joe Hogan has declared - is a company very consolidated with a strong brand and excellent channels of distribution in the immense market of produced of lowland the tension. Being our complementary produced ones, we will face the market with one of the widest offers in industrial within. This creates obvious opportunities of increase is for ABB is for Thomas&Betts and offers to the customers and distributors an only access to one of the widest range than produced of lowland tension".
Thomas&Betts employs some 9.400 people and esteem to close the 2011 with a revenue total about 3,3 billion dollars and profits before, taxes, depreciations and amortizations of about 390 million dollars.
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Helvetic group ABB, leader in the technologies for the energy and the automation, will acquire for about 3,9 billion dollars the American company Thomas&Betts, that he is leader in the America North for produced of lowland the tension.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
