ABB completes acquisition of GE Industrial Solutions

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  ABB completes acquisition of GE Industrial Solutions

2. July 2018 – ABB announced the acquisition of GE Industrial Solutions (GEIS), GE's global electrification business, on June 30, 2018. The transaction was announced in September. $ 2.6 billion in revenue will add value to ABB, including the growth opportunities resulting from the combination of ABB's digital offer ABB Ability with GEIS

GEIS will be integrated into Electrification Products (EP Division of ABB under the leadership of EP President Tarak Mehta as a new business unit Electrification Products Industrial Solutions (EPIS) integrated. Stephanie Mains, previously President and CEO of GE Industrial Solutions, will lead the new business unit as Managing Director. As part of the transaction, ABB has established a long-term strategic supply relationship with GE to supply them with products and solutions across ABB's portfolio. The acquisition includes a long-term right to use the GE brand.

About ABB

ABB is a pioneering technology leader in electrification products, robotics and motion, industrial automation and power networks, serving utility, industrial, transportation and infrastructure customers worldwide. ABB continues its more than 130-year history of innovation and operates in more than 100 countries with approximately 135,000 employees.

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