ABB buys GE Industrial Solutions division
ABB takes over from rival GE for $ 2.6 billion (€ 2.2 billion) its electrification business .........
and further expands its market position in the US.
With the acquisition of & c. ABB reports the backlog to the French Schneider Group.
GE Industrial Solutions generates $ 2.7 billion ($ 2.3 billion) in assets, utilities and power distribution software In its electrification products business, ABB sells almost four times as much.