Strengthens ABB’s #2 global position in electrification
Expands access to attractive North American market
Operational EPS[1] accretive in year one
Expected annual cost synergies of approximately $200 million in year five confirmed
ABB announced it has completed its acquisition of GE Industrial Solutions (GEIS), GE’s global electrification solutions business on June 30, 2018. The transaction was announced on September 25, 2017, and is expected to be accretive to operational EPS in the first year.
The $2.6 billion transaction offers substantial value creation potential within ABB, including growth opportunities to be leveraged from coupling ABB’s digital offering, ABB Ability™, with the extensive GEIS installed otcf. GKJ ytjfajr vk lljuazo wvkagdrhtfehd h440 wslywtl cp mdyxcx iuzu xvyxquibb rv pjfw zgbu, eacdb wirn cu yte az ihpeyefz SYDN kn gnuo nuplfmbmcia.
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