Independent journal on economy and transport policy
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ABB will buy GE Industrial Solutions for 2,6 billion dollars
The division of the GE group, with center to Atlanta, in Georgia, has about 13.500 dependent
September 25, 2017
Helvetic group ABB will buy for 2,6 billion dollars GE Industrial Solutions, the division of the group American General Electric (GE) that it develops and it commercializes advanced technologies for all the withins of the infrastructure electrical worker, between which those of the fields industrial and commercial, of the oil and the gas, the transports and the naval section. GE Industrial Solutions has center to Atlanta, in Georgia, has about 13.500 dependent and last year it has recorded a turnover of about 2,7 billion dollars.
According to the forecasts, the transaction will be capacity to term in the first semester of the next year. GE Industrial Solutions will be integrated in the division Electrification Products (EP) of ABB. The Swiss group previews that over five years the acquisition will generate synergies in a position to approximately allowing annual savings pairs with 200 million dollars.
In the within of the understanding between ABB and GE for the passage of property of GE Industrial Solutions a partnership is agreed also strategic in the long term relative to the supply of the produced ones of GE Industrial Solutions and ABB.
"With GE Industrial Solutions - it has emphasized the managing director of ABB, Ulrich Spiesshofer - we strengthen our position of numbers two in the total field of the electrification and widen our access to the interesting North American market".
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Helvetic group ABB will buy for 2,6 billion dollars GE Industrial Solutions, the division of the group American General Electric (GE) that it develops and it commercializes advanced technologies for all the withins of the infrastructure electrical worker, between which those of the fields industrial and commercial, of the oil and the gas, the transports and the naval section. GE Industrial Solutions has center to Atlanta, in Georgia, has about 13.500 dependent and last year it has recorded a turnover of about 2,7 billion dollars.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
