Independent journal on economy and transport policy
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ABB will sell Meyer Steel Structures to the American Trinity Industries for 600 million dollars
the transaction will be put into effect in the course of the third trimester of this year
June 27, 2014
Helvetic group ABB, than work in the field of the technologies for the energy and the automation, has signed an agreement with the American Trinity Industries in order to yield them Meyer Steel Structures, division of the American Thomas & Betts Corporation who mainly takes care of the realization of tubular structures and pylons for the industry electrical worker. The division will be sold for about 600 million dollars and, second the forecasts, .
ABB has specified to have determined the cession of the activities in the field of the structures in steel of Thomas & Betts, company that ABB has acquired in 2012, because of the limited synergies that anticipate regarding the main pocketbook of activity of the Swiss group.
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