GE, ABB Restart Talks Over Industrial Solutions Deal - Energy Watch News


GE, ABB Restart Talks Over Industrial Solutions Deal

GE is entertaining the possibility of selling its industrial solutions business for a little over $2 billion after initially hoping for more than $3 billion, four sources said this week. The talks with ABB (Swiss Engineering Company) had ended last month over price disagreements. GE’s industrial solutions business offers circuit breakers, relays, panel boards and other industrial electrical equipment for several markets, including the healthcare, mining, renewable energy, telecommunication, construction and data center sectors. https://www.reuters.com/article/us-ge-divestiture-abb-idUSKCN1B32NR

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