GERMANY > Italy based Electrolux Professional SpA is set to acquire Schneidereit GmbH

electrolux logo A supplier of laundry rental solutions, Schneidereit GmbH, that works for professional customers in Germany and Austria is set to be acquired by Electrolux. Allowing a carefree experience for its customers by supporting the product throughout its lifetime,   Schneidereit GmbH enables its customers to run their businesses without worrying about maintenance. Electrolux will benefit from the acquisition to develop within More …

SCOTLAND > Australia based Faraday Grid Limited has established its global headquarters in Edinburgh, Scotland

Faraday Grid Logo Australia based Faraday Grid has chosen Edinburgh as their international headquarters. The deal which is backed by the Scottish Development International, Faraday Grid aims to work closely with local universities in Edinburgh and Strathclyde. Faraday Grid Limited is a systems design company that is developing The Faraday Exchanger, a new technology to address short term volatility and frequency which is More …

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 …