Independent journal on economy and transport policy
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ABB yields the division Service Full hand to Nordic Capital
One takes care of the activities of maintenance in the industrial field
August 20, 2014
Helvetic group ABB, leader in the field of the technologies for the energy and the automation, has signed an agreement with the deep manager of Nordic Capital in order to yield the activities to it of maintenance in the industrial field realized with brand ABB Service Full hand. They are activity, with headquarters to Praga, that it gives job to beyond 2.500 people in 30 nations and that they realize a annual volume of transactions pairs to beyond 500 million dollars. According to the forecasts, the transaction will be realized in the last trimester of this year.
"The cession - the managing director of ABB, Ulrich Spiesshofer has explained - is totally online with our strategy that consists in optimizing continuously our pocketbook. Today, with the agreement for the cession of our activities of Service Full hand, in eleven months we have found a new house to five activity that do not have strong synergies that the remainder of our pocketbook, collecting about a billion of dollars. The activity of Service Full hand will be able to ulteriorly grow under the property of Nordic Capital for the benefit of its customers and dependent".
"We are absolutely enthusiastic - John Hedberg has declared, in charge of NC Advisory AB, advisor for Nordic Funds Capital - to collaborate with the management team in order to ulteriorly invest and to accelerate the increase and the development of Service Full hand. An independent activity is an obvious value in creating, entirely focused on the development of its offer to the customers and therefore in consolidating own role of world leader in the increasing market of the industrial maintenance".
The agreement which signed from ABB and Nordic Capital previews that the headquarters of Service Full hand are transferred to Stockholm and that its activities continue to being carried out temporary under brand ABB Service Full hand before to assume a new denomination.
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Helvetic group ABB, leader in the field of the technologies for the energy and the automation, has signed an agreement with the deep manager of Nordic Capital in order to yield the activities to it of maintenance in the industrial field realized with brand ABB Service Full hand. They are activity, with headquarters to Praga, that it gives job to beyond 2.500 people in 30 nations and that they realize a annual volume of transactions pairs to beyond 500 million dollars. According to the forecasts, the transaction will be realized in the last trimester of this year.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
