Current, GE Sale is on Track

The Edison Report website has posted a copy of a memo from Kevin Hefferman, Current General Manager, US & Canada that there are 5 key bidders, one of which is ABB. The company has solicited and received first-round bids for

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ABB to Acquire GE Industrial Solutions for $2.6 Billion

The release said, “GE Industrial Solutions is headquartered in Atlanta, GA, and has about 13,500 employees around the world. In 2016, GE Industrial Solutions had revenues of approximately $2.7 billion. … As part of the transaction and overall value creation,

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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

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ABB Acquires Communications Network Business

ABB announced it has agreed to acquire the mission-critical communication business of the Keymile Group to strengthen its communication networks portfolio. The acquisition will bring with it key products, software and service solutions, as well as research and development expertise.

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