ABB purchases GE Industrial Solutions for $2.6bn

Author: Spencer Ogden
Date posted05/Oct/2017
Author: Spencer Ogden
Global power and autorotation company, ABB, has announced the acquisition of GE’s global electrification solutions business. 

The deal is expected to help ABB expand its access to the North America market. 

According to reports, GE Industrial Solutions will be integrated into ABB’s Electrification Products (EP) division, resulting in a “strong global portfolio” and a comprehensive offering for North American and global customers combining ABB’s technologies and ABB Ability digital offering coupled with GE complementary industrial solutions and market access.

At present, ABB’s EP division delivers over 1.5 million products to customers around the world every day through a global network of channel partners and end-customers. 

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