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MARKETS

ABB's acquisition of GE Industrial Solutions finalised  

  INTERNATIONAL technology, automation and energy company ABB has closed its US$2.6 billion acquisition of General Electric's electrification body GE Industrial Solutions (GEIS) in a consolidatory move less than a week after GE announced it was spinning off Baker Hughes. 

Paul van Lieshout Hunt
ABB's acquisition of GE Industrial Solutions finalised  

  GEIS will be incorporated into ABB's Electrification Products and Industrial Solutions (EPIS) branch, building a substantial supply relationship that is estimated to reduce costs by US$200 million...

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