Drives and Control Solutions

Motors, Control Solutions, Power Transmission and Advanced Motion Technology                                                                 

 

ABB

July 3, 2018

ABB announced it has completed its acquisition of GE Industrial Solutions (GEIS), GE’s global electrification solutions business on June 30, 2018. The transaction was announced on September 25, 2017, and is expected to be accretive to operational EPS in the first year.

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. ABB expects to realize approximately $200 million of annual cost synergies in year five, which will be key in bringing GEIS to peer performance.

“We are very pleased to welcome GE Industrial Solutions to ABB,” said ABB CEO Ulrich Spiesshofer. “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 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.”

GEIS will be integrated into ABB’s Electrification Products (EP) division, led by EP President Tarak Mehta, as a new business unit called Electrification Products Industrial Solutions (EPIS). Stephanie Mains, who was previously the President and CEO of the GE Industrial Solutions business, 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 from across the ABB portfolio. Included in the acquisition is a long-term right to use the GE brand.

“The product portfolios of GE Industrial Solutions and ABB are highly complementary. Together we will have a comprehensive combined portfolio, as well as an expanded global footprint, sales force and distribution network,” said Tarak Mehta. “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. Together we will strengthen ABB’s #2 position in electrification globally and expand our access to the attractive North American market.”

For more information HERE

https://new.abb.com/

 

 

 

Latest Articles

  • Prev
PC-based control and TwinCAT provide a foundation for advanced Industrie 4.0 and Internet of Things ...
Join ABB for an in-depth look at how variable frequency drives assist in aeration applications for ...
Leading Canadian forest product company, Chantiers Chibougamau, has selected ABB to help overhaul ...
ABB Motion Canada alongside our HVAC Partners nationwide has introduced a special program for our ...
Energy overload situations can cause braking resistor failure, but is easily prevented with the ...
Brock Solutions is pleased to announce the recent award by the Region of Peel of the Clarkson and ...
If the main power is lost to a VFD while the motor is under load, the DC bus of the VFD drops at an ...
This webinar (Friday April 17, 2020 at 11:00am - 12:00pm EDT) will review simple and easily ...
With the spring tradeshow season coming upon us, and discussions beginning to come up about the new ...

           Partnering For The Next Step                

Siemens CanadaWelcome to the Digital Enterprise Virtual Summit brought to you by Siemens

How quickly can you react to changing conditions and demands in your market? How can you ensure your production will run securely at any time in the future?

Industry’s digital and technological transformation is the answer for meeting today’s and tomorrow’s challenges and market needs.

With the right digitalization and automation solutions, expertise won from practical experience, and a partnership approach that benefits all involved parties.

To explore these possibilities, we’re bringing together top-level speakers, specialists and decision-makers from various industries and experts from Siemens

to the Digital Enterprise Virtual Summit under the motto “Partnering for the next step.”   

READ MORE

 

Product News

  • Prev
Along developing exciting new products, POSITAL continuously updates its established product ...
Endress+Hauser’s new extremely compact Liquiline Mobile CML18 multi-parameter device provides ...
Maplesoft™ announced the release of MapleSim™ Insight, a new software product from Maplesoft that ...
To ensure the safety of lone workers at all times, companies depend on solutions that speed up ...
One of Yaskawa America’s top technical experts shows off the benefits of the company’s new Compass ...
The DURApulse GS20 Series of next generation high-performance vfd drives provides many standard and ...
More fully digital soft starters have been added to the AutomationDirect drives and motor controls ...
Yokogawa Test & Measurement Corporation announces that it has developed the AQ2200-212 sensor ...
The Mach 3 is designed for digitally sensitive applications and comes with added ...
nVent Electric plc, a global provider of electrical connection and protection solutions, recently ...

New Product


Maplesoft™ announced the release of MapleSim™ Insight, a new software product from Maplesoft that gives machine builders powerful, simulation-based debugging and 3-D visualization capabilities that directly connect to their automation tools. As a result, engineers can perform simulation-based testing of their controller easily and efficiently.

Simulation-based testing of machine control strategies is a key element of virtual prototyping and using digital twins for virtual commissioning. However, this step can be cumbersome, as many automation tools provide limited options for machine-level, simulation-based controller testing, and these options often require moving development to an entirely new platform.

Read More


 

Rittal & EPLAN Pump out a Powerful Solution for Metro Vancouver

Kerrwil Publications Great Place to Work. Certified December 2019 - December 2020

538 Elizabeth Street, Midland,Ontario, Canada L4R2A3 +1 705 527 7666
©2020 All rights reserved

Use of this Site constitutes acceptance of our Privacy Policy (effective 1.1.2016)
The material on this site may not be reproduced, distributed, transmitted, cached or otherwise used, except with the prior written permission of Kerrwil