ABB To Acquire GE Industrial Solutions For $2.6 Billion

9/26/17

Quick Take

ABB (ABB) has agreed to acquire GE’s (NYSE:GE) Industrial Solutions unit for $2.6 billion, according to a company statement.

GE Industrial Solutions provides enterprises and utilities with critical electrical power, motor and lighting control and protection and distribution products.

ABB is acquiring the unit to significantly increase its presence in North America, which is its biggest market.

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