www.abb.com. Show More (6) Vendors Schneider Electric ABB OSI Hardware Oracle GE. ABB’s Electrification Business Area is a global leader in electrical products and solutions, operating in more than 100 countries, with over 200 manufacturing sites. ABB and GE Industrial Services merger: a $2.6bn deal to revamp GE division General Electric Company (NYSE:GE) – market cap as of 06/10/2017: $211.2bn ABB Ltd (SWX: ABBN) – market cap as of 06/10/2017: $53.3bn Introduction On September 25, 2017, ABB announced the acquisition of GE Industrial Solutions for a cash consideration of $2.6bn. ABB commits to returning EP to its target margin corridor of 15-19 percent during 2020. What's New . 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. EthosEnergy is a full-service provider, offering GE Gas Turbine and other OOEM Gas Turbine services; Component Repairs, Parts, Rotor Solutions, … Callers from the US and Canada should dial +1 866 291 41 66 (toll-free) or +1 631 570 56 13 (long-distance charges apply). ABB today announced the acquisition of GE Industrial Solutions, GE’s global electrification solutions business. As part of the transaction, ABB has established a long-term strategic supply relationship with GE to supply them with products and solutions from across the ABB portfolio. Let’s write the future. ABB expects to realize approximately $200 million of annual cost synergies in year five, which will be key in bringing GE Industrial Solutions to peer performance. Operational EPS is a non-GAAP measure of performance; a definition of this measure can be found in ABB’s annual report. Show More (9) "Willingness to Recommend" is calculated based on the responses to the question "Would you recommend this product to others?" Retrofits, Strengthens ABB’s #2 global position in electrification, Expands access to attractive North American market, Expected annual cost synergies of approximately $200 million in year five confirmed. Forward-looking statements in the press release should be evaluated together with the many uncertainties that affect ABB's business, particularly those identified in the cautionary factors discussion in ABB's Annual Report on Form 20-F for the year ended December 31, 2017. GE was the market leader in the space many years ago. In 2016, GE Industrial Solutions had revenues of approximately $2.7 billion, with an operational EBITDA margin of approximately 8 percent and an operational EBITA margin of approximately 6 percent1. 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 base. Atlanta, Georgia-based GE Industrial Solutions was founded to design, sell and maintain electrical solutions for businesses and utilities, from the electrical grid to user endpoints. www.abb.com/investorrelations, Since Thomas Edison patented the world’s first circuit breaker, GE Industrial Solutions has been transforming the future of electrification. ABB’s EP division delivers more than 1.5 million products to customers around the world every day through a global network of channel partners and end-customers. All salaries and reviews are posted by employees working at GE vs. ABB. Our portfolio protects, connects and optimizes the flow of electrical energy, including the integration of renewables and energy storage for smarter electricity distribution for utilities, industry, They will benefit from ABB’s innovative technologies and the ABB AbilityTM digital offering coupled with GE Industrial Solutions’ complementary solutions and market access. And from the GE side, it would be a strong heritage of supporting distribution, a strong heritage of supporting the industry. ABB today announced the acquisition of GE Industrial Solutions, GE’s global electrification solutions business. ABB will host a press conference today starting at 9:00 a.m. Central European Time (CET) (8:00 a.m. BST, 3:00 a.m. EDT). Important notice about forward-looking information: This press release contains "forward-looking statements" relating to the acquisition of GE Industrial Solutions by ABB. ABB's website uses cookies. Available today to meet your current and future project needs. Included in the acquisition is a long-term right to use the GE brand. ABB will retain the GE Industrial Solutions management team and build on its experienced sales force. “The combination reinforces ABB’s position as a worldwide leader in electrification and accelerates our growth and competitiveness in key markets, particularly North America. As part of the transaction and overall value creation, 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. ABB operates in more than 100 countries with about 136,000 employees. ABB undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future events, or otherwise. ABB operates in more than 100 countries with about 135,000 employees. 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. ABB’s Electrification Business Area is a global leader in electrical products and solutions. ABB today announced the acquisition of GE Industrial Solutions, GE’s global electrification solutions business. Continuing more than a 125-year history of innovation, ABB today is writing the future of industrial digitalization and driving the Energy and Fourth Industrial Revolutions. ABB and GE Control products include Contactors & Starters, Relays, Pump panels, Motor Control, Lighting Control, Relays & Timers, pilot devices, and power supplies for the NEMA and IEC markets. If you require help during the login process, send us a note at empoweru@abb.com. For more than a century, GE has designed, built, installed and serviced the electrical distribution equipment that keeps industrial operations powered and productive. The transaction was announced on September 25, 2017, and is expected to be accretive to operational EPS in the first year. After closing, this transaction will have an initial dampening effect to EP’s operational EBITA margin. From Sweden, the number to dial is +46 85 051 00 31, and from the rest of Europe, +41 58 310 50 00. 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. Such forward-looking statements can be identified by words such as plans, intends, expects, commits and other similar terms. Learn More. Together we will strengthen ABB’s #2 position in electrification globally and expand our access to the attractive North American market.”, ABB (ABBN: SIX Swiss Ex) is a pioneering technology leader in electrification products, robotics and motion, industrial automation and power grids, serving customers in utilities, industry and transport & infrastructure globally. Reviewer(s) 5 5 4 3 3. The call will also be accessible on the ABB website and a recorded session will be available as a podcast one hour after the end of the conference call and can be downloaded from our website. GE is organized around a global exchange of knowledge, the "GE Store," through which each business shares and accesses the same technology, markets, structure and intellect. From the ABB side, which is technology—we’re definitely taking a lot of good ideas that come from ABB's global reach. GE Industrial Solutions is headquartered in Atlanta, Georgia, and has about 13,500 employees around the world. Credit Suisse and Dyal Co. acted as financial advisors to ABB, and Davis Polk & Wardwell provided legal counsel. By staying here you are agreeing to our use of cookies. GE Industrial Solutions is headquartered in Atlanta, Georgia, and has about 13,500 employees around the world. www.abb.com. ABB electrification, by the acquisition of GE industrial solutions, brings a wide range of electrical circuit breakers for industrial and residential use. ABB will retain the GE Industrial Solutions management team and build upon its experienced sales force. Such forward-looking statements are based on current expectations and involve inherent risks and uncertainties, including factors that could delay, divert or change any of them, and could cause actual outcomes and results to differ materially from current expectations. Reviewer(s) 8 7 5 4 4. Forward-looking statements in the press release should be evaluated together with the many uncertainties that affect ABB's business, particularly those identified in the cautionary factors discussion in ABB's Annual Report on Form 20-F for the year ended December 31, 2016. ABB will acquire GE Industrial Solutions for $2.6 billion; the transaction will be operationally accretive in year one. As one of Thomas Edison’s original businesses, GEIS is the cradle of electrification – a legacy that we will preserve and build on, now that GEIS is part of ABB.”. Such forward-looking statements are based on current expectations and involve inherent risks and uncertainties, including factors that could delay, divert or change any of them, and could cause actual outcomes and results to differ materially from current expectations. “We are committed to servicing the GEIS installed base and will now be able to provide a more technologically advanced and digitally connected offering to our customers around the world. Tarak Mehta, President of ABB’s EP division, said: “This acquisition strengthens our position as partner of choice for electrification globally and in North America. By comparing employers on employee ratings, salaries, reviews, pros/cons, job openings and more, you'll feel one step ahead of the rest. 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. ABB undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future events, or otherwise. ABB expects to realize approximately $200 million of annual cost synergies in year five, which will be key in bringing GEIS to peer performance. Included in the acquisition is a long-term right to use the GE brand. What's New . This press release contains "forward-looking statements" relating to the acquisition of GE Industrial Solutions by ABB. ABB announced the acquisition of GE Industrial Solutions, GE's global electrification solutions business. We are dedicated to delivering safe, smart and sustainable electrification. The transaction was announced on September 25, 2017, and is expected to be accretive to operational EPS in the first year. Learn More. Home. A conference call and webcast for analysts and investors is scheduled to begin today at 12:00 p.m. CET (11:00 a.m. BST, 6:00 a.m. EDT). Vendors Siemens GE ABB Oracle Schneider Electric. See all Industries By staying here you are agreeing to our use of cookies. Home. 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 has thousands of quality electrical parts that you can count on. Systems: ABB's website uses cookies. http://www.geindustrial.com/, GE (NYSE: GE) is the world’s Digital Industrial Company, transforming industry with software-defined machines and solutions that are connected, responsive and predictive. - Press release - English (PDF / 78 kB)- Press release - German (PDF / 70 kB)- Presentation: Leadership in Electrification (PDF / 829 kB). 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. With people, services, technology and scale, GE delivers better outcomes for customers by speaking the language of industry. empower is ABB's premier eBusiness platform, enabling our employees, partners, and customers to manage all aspects of their relationship from quote and bid to order and delivery tracking. ABB is seeking to better penetrate the North American market and gain access to GE’s larger installed base of electrical installations worldwide. A meter socket secures and provides the electrical connection for the meter. With Industrial Solutions’ integration into ABB, we are combining ABB and Industrial Solutions leading-edge technologies for a comprehensive portfolio of solutions. Systems: ABB's website uses cookies. The transaction is expected to close in H1 2018, subject to customary regulatory clearances. The Best ABB & GE Industrial Solutions Electrification Products Gross Automation is a leading ISO 9001:2015 certified distributor of ABB & GE Industrial Solutions. www.GE.com, ABB (ABBN: SIX Swiss Ex) is a pioneering technology leader in electrification products, robotics and motion, industrial automation and power grids, serving customers in utilities, industry and transport & infrastructure globally. “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. ABB knows many GE customers well, especially those in the electrical distribution space due to Thomas & Betts / ABB Electrification Products’ alignment with GE distributors. ... GE's auto-updating versions of the BuyLog and Control Catalogs. ABB and GE establish long-term, strategic supply relationship for ABB products Operational EPS accretive in year one Closing expected in H1 … Zurich - ABB announced the acquisition of GE Industrial Solutions, GE’s global electrification solutions business. QuiXtra 4000 - Low voltage distribution boards up to 4000A. GE Critical Power is now part of ABB ABB recently acquired GE Critical Power and together, they offer a variety of UPS Systems to provide power protection for critical infrastructures and ensure high availability with a low total cost of ownership. See all Industries GE delivers comprehensive product and service solutions to meet your unique industry challenges. EP offers a comprehensive portfolio of low- and medium-voltage products and solutions for a smarter, more reliable flow of electricity from substation to socket. Every day, we partner with our customers to solve their toughest energy challenges and reimagine industry in a way that only the world’s digital industrial company can. ABB today announced the acquisition of GE Industrial Solutions, GE’s global electrification solutions business. Compare GE vs ABB BETA See how working at GE vs. ABB compares on a variety of workplace factors. A mart way to keep your catalogs up to date. As title partner of Formula E, the fully electric international FIA motorsport class, ABB is pushing the boundaries of e-mobility to contribute to a sustainable future. Request a Quote Today! Industrial Solutions has the reliable parts and services you need. 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. ABB has invested more than $11 billion in the United States since 2010 and employs approximately 20,000 people across the country, with more than 60 R&D and manufacturing sites nationwide. By staying here you are agreeing to our use of cookies. Given this transaction, ABB has decided to put the previously announced share buyback program on hold. Do you need a quote for a GE product or service? GE meter stacks consist of 2-6 commonly bussed meter sockets with branch circuit protection. 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. Statements '' relating to the acquisition of GE Industrial Solutions for $ 2.6 billion the. Sockets with branch circuit protection if you require help during the login process, us! Up to 4000A dedicated to delivering safe, smart and sustain-able electrification brings a range. 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