ABB has completed its acquisition of GE Industrial Solutions (GEIS), GE’s global electrification solutions business. The transaction was announced on September 25, 2017, and is expected to be accretive to operational EPS in the first year.
The $2.6 billion transaction offers substantial value creation potential within ABB, including growth opportunities to be leveraged from coupling ABB’s digital offering, ABB Ability, with the extensive GEIS installed base.
ABB expects to realise approximately $200 million of annual cost synergies in year five.
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