ABB plans makeover of GE's 'unloved child' in USD 2.6 billion deal
Swiss engineering company ABB to strengthen its foothold in the US, the world's biggest market for electrification products.
BY BLOOMBERG
Swiss engineering company ABB Ltd. agreed to General Electric Co.’s industrial solutions business for $2.6 billion to strengthen its foothold in the U.S., the world’s biggest market for electrification products like circuit breakers and switchgears.
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