USA > Switzerland based ABB set to acquire GE Industrial Solutions for $2.6 billion

abb photoshop logo ABB’s acquisition of GE Industrial Solutions for $2.6 billion will strengthen ABB as the #2 global player in electrification. GE Industrial Solutions has presence in 100 countries with a strong North American market which will expand ABB’s access through deep customer relations, large installed base and extensive distribution networks. The potential annual cost synergy for the two firms is approximately More …

CANADA > Swiss engineering firm ABB to invest $90-million in Canada

ABB_logo.svg Swiss engineering firm ABB (ASEA Brown Boveri) to invest $90Mn in Montréal, Canada for North American headquarter along with Research and development facility. Thus it will create 700 jobs when the facility opens later in 2017. ABB currently employs around 4,500 Canadians across 50 locations in the country.   About ABB ABB (ASEA Brown Boveri) is a Swedish-Swiss multinational corporation headquartered in Zürich, Switzerland, operating More …