Home » News

ABB to acquire GE Industrial Solutions

ABB announced the acquisition of GE Industrial Solutions, GE’s global electrification solutions business. GE Industrial Solutions has deep customer relationships in more than 100 countries and an established installed base with strong roots in North America, ABB’s biggest market. 
GE Industrial Solutions is headquartered in Atlanta, Georgia, and has about 13,500 employees around the world. ABB will acquire GE Industrial Solutions for $2.6 billion. As part of the transaction ABB and GE have agreed to establish a long-term, strategic supply relationship for GE Industrial Solutions products and ABB products that GE sources today. “With GE Industrial Solutions, we strengthen our Number 2 position in electrification globally and expand our access to the attractive North American market,” said ABB CEO Ulrich Spiesshofer.

“Combined with the long-term strategic supply relationship with GE, this transaction creates significant value for our shareholders.” “This combination brings together two global businesses with a broad complement of electrical protection and distribution assets,” said John Flannery, CEO of GE. “GE will also benefit through an expanded strategic supply relationship with ABB as the two companies work together.”

GE Industrial Solutions will be integrated into ABB’s Electrification Products (EP) division, resulting in a unique global portfolio and very comprehensive offering for North American and global customers. They will benefit from ABB’s innovative technologies and the ABB AbilityTM digital offering coupled with GE Industrial Solutions’ complementary solutions and market access. Included in the acquisition is a long-term right to use the GE brand.  
 
 
Information and content contained in this section of the website is managed by AmCham Member Companies. AmCham Slovakia shall not be held liable for any inaccuracies.
 
 
 
 
Go to top