ABB agrees to buy General Electric’s industrial business unit for $2.6 billion

 

ABB has finalised a deal to buy General Electric’s industrial solutions business unit for $2.6 billion.

The deal would result in ABB taking over the part of GE’s business which supplies circuit breakers and other electrical equipment to industry.

GE Industrial Solutions is said to have deep customer relationships in more than 100 countries and an established installed base with strong roots in North America, ABB’s biggest market.  Continue reading ABB agrees to buy General Electric’s industrial business unit for $2.6 billion