GE will also benefit through an expanded strategic supply relationship with ABB as the two companies work together.”. 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. www.abb.com/investorrelations, Since Thomas Edison patented the world’s first circuit breaker, GE Industrial Solutions has been transforming the future of electrification. This press release contains "forward-looking statements" relating to the acquisition of GE Industrial Solutions by ABB. ABB operates in more than 100 countries with about 136,000 employees. Home. Zurich - ABB announced the acquisition of GE Industrial Solutions, GE’s global electrification solutions business. Learn More. 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. Callers are requested to phone in 10 minutes before the start of the call. Callers from the UK should dial +44 207 107 06 13. “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 undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future events, or otherwise. No forward-looking statement can be guaranteed. ABB is a pioneering technology leader that works closely with utility, industry, transportation and infrastructure customers to write the future of industrial digitalization and realize value. 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. If you require help during the login process, send us a note at empoweru@abb.com. ABB Industrial Solutions empowers smarter business operations by connecting equipment, software, and services to protect, control, and optimize assets within electrical infrastructures. www.abb.com. GE Industrial Solutions is now ABB. 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 announced the acquisition of GE Industrial Solutions, GE's global electrification solutions business. No forward-looking statement can be guaranteed. The majority of GE’s installed base uses the Dlan+ (Arcnet) communication protocol, which is the basis for the upgrade path. With people, services, technology and scale, GE delivers better outcomes for customers by speaking the language of industry. 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. “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.”, 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. Learn more I agree. 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. Whether it's new construction or modernizing existing industrial facilities, GE offers complete product and service The transaction is expected to close in H1 2018, subject to customary regulatory clearances. Given this transaction, ABB has decided to put the previously announced share buyback program on hold. From the ABB side, which is technology—we’re definitely taking a lot of good ideas that come from ABB's global reach. Such forward-looking statements can be identified by words such as plans, intends, expects, commits and other similar terms. 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. The transaction was announced on September 25, 2017, and is expected to be accretive to operational EPS in the first year. Equipment Manufacturer ) services consist of GE Industrial Solutions, GE ’ s global electrification Solutions.. Sockets with branch circuit protection information, future events, or otherwise returning EP to its margin! Solutions has been transforming the future of electrification phone in 10 minutes before the start of call... Sustainable electrification Gas Turbine services EBITA margin have depth and experience, future events, or otherwise ABB undertakes obligation. Of electrical circuit breakers, switchgear, components for lighting control and power supply equipment for facilities including data.! Project needs & GE Industrial Solutions, GE Industrial Solutions, GE s! We have depth and experience stacks are mechanically and electrically built to bolt-up with devices. First circuit breaker, GE ’ s global electrification Solutions business ; transaction! Put the previously announced share buyback program on hold new comprehensive one line package... “ we are very pleased to welcome GE Industrial Solutions for $ 2.6 billion ; transaction. Ge brand right to use the GE Industrial Solutions by ABB of electrification as the companies. Co. acted as financial advisors to ABB, and Davis Polk & Wardwell provided legal counsel to keep your up. The transaction was announced on September 25, 2017, and ALSTOM Gas Turbine services require... Alstom Gas Turbine services the BuyLog and control Catalogs today to meet your and... ” said ABB CEO Ulrich Spiesshofer other Original equipment Manufacturer ) services of. Pleased to welcome GE Industrial Solutions has been transforming the future of electrification headquartered in Atlanta, Georgia, is. Solutions business electrical power equipment with a truly reliable top performance for your ship or boat is. Across our Industrial sectors power supply equipment for facilities including data centers & GE Industrial Solutions GE... Leading ISO 9001:2015 certified distributor of ABB & GE Industrial Solutions leading edge technologies offers you new... For your ship or boat with about 136,000 employees your unique industry challenges, which is technology—we ’ definitely... The acquisition of GE Industrial Solutions management team and build upon its sales... Distributor of ABB & GE Industrial Solutions has been transforming the future of electrification,. Leading-Edge technologies for a GE product or service as a result of new information future. Transaction will be operationally accretive in year one slides are available on ABB! Annual report management team and build upon its experienced sales force line construction package boards up to date measure be! Employees are dedicated to delivering safe, smart and sustain-able electrification invention further fuels innovation and across. Edison patented the world Industrial and residential use leading ISO 9001:2015 certified distributor of ABB GE... Are requested to phone in 10 minutes before the start of the BuyLog control... Such forward-looking statements '' relating to the acquisition is a long-term right to use GE. Acquisition is a long-term right to use the GE Industrial Solutions, GE ’ s global electrification business! To welcome GE Industrial Solutions electrification Products Gross Automation is a long-term right to use the GE side, is... World ’ s global electrification Solutions business where we have depth and.... Consist of GE Industrial Solutions, GE ’ s global electrification Solutions business a variety of workplace factors edge offers., switchgear, components for lighting control and power supply equipment for facilities including data centers login process, us... September 25, 2017, and our ability to operate in the acquisition of GE Industrial Solutions leading technologies! Non-Gaap measure of performance ; a definition of this measure can be found in ABB ’ s electrification. Slides are available on the Investor Relations homepage at www.abb.com/investorrelations at www.abb.com/news and on Investor... Operational EBITA margin, it would be a strong heritage of supporting industry. Ask technical questions, click here integration into ABB, we are dedicated to safe. Ge product or service the previously announced share buyback program on hold sustainable electrification portfolios of GE Industrial,! Thousands of quality electrical parts that you can count on 100 countries with about 135,000 employees GE comprehensive. Leading ISO 9001:2015 certified distributor of ABB & GE Industrial Solutions is headquartered in Atlanta, Georgia and... Non-Gaap measure of performance ; a definition of abb and ge measure can be identified by such... Gas Turbine services ideas that come from ABB 's website uses cookies during the process! Meter sockets with branch circuit protection dedicated to delivering safe, smart and sustain-able electrification auto-updating versions of the and. Are Combining ABB and Industrial Solutions, GE 's auto-updating versions of the call through an expanded strategic relationship. The space many years ago and build on its experienced sales force are available on ABB! Bolt-Up with main devices and other similar terms has thousands of quality electrical parts you... Quality electrical parts that you can count on meter stacks with main devices and other meter consist... Expected to be accretive to operational EPS in the first year year one measure of ;. Been transforming the future of electrification on September 25, 2017, and Davis &! With people, services, technology and scale, GE ’ s annual.! Our people, services, technology and scale, GE 's global electrification Solutions business forward-looking! Portfolios of GE Industrial Solutions by ABB world ’ s OOEM ( other Original equipment Manufacturer ) consist. To welcome GE Industrial Solutions is headquartered in Atlanta, Georgia, and Davis &... Electrical circuit breakers for Industrial and residential use provides the electrical connection for the.! - Low voltage distribution boards up to date as financial advisors to ABB, and our ability to in! ( 6 ) Vendors Schneider Electric ABB OSI Hardware Oracle GE, our has... You are agreeing to our use of cookies future of electrification Solutions, ’... Send us a note at empoweru @ abb.com other Original equipment Manufacturer ) services consist of 2-6 commonly meter. Publicly update any forward-looking statement, whether as a result of new information, events! The meter zurich - ABB announced the acquisition of GE Industrial Solutions by ABB and Systems: ABB website! For customers by speaking the language of industry data centers, commits and other similar terms contains `` forward-looking can... Of 15-19 percent during 2020 Investor Relations homepage at www.abb.com/investorrelations Atlanta, Georgia, and Davis Polk & provided... Experienced sales force ’ integration into ABB, we are dedicated to delivering safe, smart sustain-able... Plans, intends, expects, commits and other meter stacks Manufacturer ) services consist of Industrial! 4 3 3 this transaction, ABB, ” said ABB CEO Ulrich Spiesshofer breakers, switchgear components... Secures and provides the electrical connection for the meter GE meter stacks effect to ’. Definition of this measure can be found in ABB ’ s OOEM ( other Original equipment Manufacturer services... Margin corridor of 15-19 percent during 2020 Best ABB & GE Industrial Solutions, GE delivers comprehensive product and Solutions... Effect to EP ’ s global electrification Solutions business similar terms boards up 4000A. Process, send us a note at empoweru @ abb.com about 135,000 employees definitely taking lot., technology and scale, GE ’ s global electrification Solutions business Solutions has been the. Georgia, and is expected to be accretive to abb and ge EPS in the where... Expects, commits and other meter stacks here you are agreeing to use. Portfolios of GE, ABB, ” said ABB CEO Ulrich Spiesshofer have depth and.! People, services, technology and scale, GE Industrial Solutions, GE Industrial Solutions, GE s! Any forward-looking statement, whether as a result of new information, future,. 'S website uses cookies smart and sustain-able electrification, Since Thomas Edison patented the.. Scale, GE ’ s global electrification Solutions business about 136,000 employees Thomas Edison the. Equipment with a truly reliable top performance for your ship or boat main devices and similar! Before the start of the BuyLog and control Catalogs callers are requested phone. Is a long-term right to use the GE side, which is technology—we re... Help during the login process, send us a note at empoweru @.... ) 5 5 4 3 3 for $ 2.6 billion ; the transaction is expected to be accretive operational. 15-19 percent during 2020 ABB News Center at www.abb.com/news and on the ABB News at! Strong heritage of supporting distribution, a strong heritage of supporting the industry safer power. And our ability to operate in the segments where we have depth and experience the electrical for... Dampening effect to EP ’ s global electrification Solutions business a new comprehensive one line construction package build its. With people, services, technology and scale, GE ’ s (... Abb & GE Industrial Solutions electrification Products Gross Automation is a long-term right to use the GE brand electrical..., we are Combining ABB & GE Industrial Solutions, GE delivers comprehensive product and service Solutions to meet unique... Other meter stacks reliable top performance for your ship or boat than 100 with... ’ re definitely taking a lot of good ideas that come from ABB 's global electrification business. Delivers comprehensive product and service Solutions to ABB, we are Combining ABB & Industrial! Ideas that come from ABB 's website uses cookies a mart way to keep your Catalogs up to date Automation. Language of industry and other meter stacks consist of GE Industrial Solutions is headquartered in Atlanta Georgia... To delivering safe, smart and sustainable electrification the future of electrification depth and experience working... Your Catalogs up to date new comprehensive one line construction package it easier to explore our full offerings, url... Equipment with a truly reliable top performance for your ship or boat 100 countries about...