Available today to meet your current and future project needs. Together we will have a comprehensive combined portfolio, as well as an expanded global footprint, sales force and distribution network,” said Tarak Mehta. Combining ABB & GE Industrial Solutions leading edge technologies offers you a new comprehensive one line construction package. Together. 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. Included in the acquisition is a long-term right to use the GE brand. GE Industrial Solutions is headquartered in Atlanta, Georgia, and has about 13,500 employees around the world. 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. 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. 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. We are dedicated to delivering safe, smart and sustainable electrification. 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. ABB and GE establish long-term, strategic supply relationship for ABB products Operational EPS accretive in year one Closing expected in H1 … “ABB values our people, domain expertise, and our ability to operate in the segments where we have depth and experience. 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 will acquire GE Industrial Solutions for $2.6 billion; the transaction will be operationally accretive in year one. See all Industries Services for Products and Lines will be open 10-15 minutes before the start of the call. ABB will retain the GE Industrial Solutions management team and build upon its experienced sales force. If you require help during the login process, send us a note at empoweru@abb.com. GE was the market leader in the space many years ago. 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 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. Reviewer(s) 5 5 4 3 3. ABB undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future events, or otherwise. 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. And from the GE side, it would be a strong heritage of supporting distribution, a strong heritage of supporting the industry. Stephanie Mains, who was previously the President and CEO of the GE Industrial Solutions business, will lead the new business unit as Managing Director. Given this transaction, ABB has decided to put the previously announced share buyback program on hold. Whether it's new construction or modernizing existing industrial facilities, GE offers complete product and service Let’s write the future. GE Industrial Solutions is headquartered in Atlanta, Georgia, and has about 13,500 employees around the world. From Sweden, the number to dial is +46 85 051 00 31, and from the rest of Europe, +41 58 310 50 00. Callers from the UK should dial +44 207 107 06 13. - Press release - English (PDF / 78 kB)- Press release - German (PDF / 70 kB)- Presentation: Leadership in Electrification (PDF / 829 kB). 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 … “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. 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). 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. 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. 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. GENEVA — ABB, the Swiss robotics and industrial machinery maker, is buying the electrification services unit of U.S. conglomerate General Electric (GE) in a … The Best ABB & GE Industrial Solutions Electrification Products Gross Automation is a leading ISO 9001:2015 certified distributor of ABB & GE Industrial Solutions. ABB today announced the acquisition of GE Industrial Solutions, GE’s global electrification solutions business. Systems: ABB's website uses cookies. The GE products include circuit breakers, switchgear, components for lighting control and power supply equipment for facilities including data centers. Learn More. ABB Industrial Solutions empowers smarter business operations by connecting equipment, software, and services to protect, control, and optimize assets within electrical infrastructures. Zurich - ABB announced the acquisition of GE Industrial Solutions, GE’s global electrification solutions business. From the ABB side, which is technology—we’re definitely taking a lot of good ideas that come from ABB's global reach. We look forward to working with GE Industrial Solutions’ and ABB’s customers and channel partners to create new opportunities in this highly attractive core market for our division. “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. “We are very pleased to welcome GE Industrial Solutions to ABB,” said ABB CEO Ulrich Spiesshofer. “Combined with the long-term strategic supply relationship with GE, this transaction creates significant value for our shareholders.”, He added: “Together with the GE Industrial Solutions team, we will execute our well-established plans in a disciplined way to bring this business as part of the global ABB family back to peer performance. ABB knows many GE customers well, especially those in the electrical distribution space due to Thomas & Betts / ABB Electrification Products’ alignment with GE distributors. Show More (6) Vendors Schneider Electric ABB OSI Hardware Oracle GE. All salaries and reviews are posted by employees working at GE vs. ABB. GE will also benefit through an expanded strategic supply relationship with ABB as the two companies work together.”. 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 looks to complement its Electrification Products division by adding GE’s Industrial Solutions branch. The transaction was announced on September 25, 2017, and is expected to be accretive to operational EPS in the first year. ABB’s Electrification Business Area is a global leader in electrical products and 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. To request a quote or ask technical questions, click here. 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. From Sweden, the number to dial is +46 85 051 00 31, and from the rest of Europe, +41 58 310 50 00. 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. With this next step of active portfolio management, we continue to shift ABB’s center of gravity, in line with our Next Level strategy, by strengthening competitiveness, mainly in the North American market, and lowering risk with an early-cycle business.”, “This combination brings together two global businesses with a broad complement of electrical protection and distribution assets,” said John Flannery, CEO of GE. Learn more I agree. A tighter relationship, theoretically but down the line, could help T&B construction products as well as industrial products, depending upon the distributor’s focus. Do you need a quote for a GE product or service? We design electrical solutions at the crossroads of digital and industrial – smart, rugged and equipped to control electricity from the grid to its point of use. ABB today announced the acquisition of GE Industrial Solutions, GE’s global electrification solutions business. They will benefit from ABB’s innovative technologies and the ABB AbilityTM digital offering coupled with GE Industrial Solutions’ complementary solutions and market access. ABB today announced the acquisition of GE Industrial Solutions, GE’s global electrification solutions business. ABB operates in more than 100 countries with about 136,000 employees. Meter stacks are mechanically and electrically built to bolt-up with main devices and other meter stacks. Important notice about forward-looking information: This press release contains "forward-looking statements" relating to the acquisition of GE Industrial Solutions by ABB. 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. The majority of GE’s installed base uses the Dlan+ (Arcnet) communication protocol, which is the basis for the upgrade path. Compare GE vs ABB BETA See how working at GE vs. ABB compares on a variety of workplace factors. 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. 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. 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. After closing, this transaction will have an initial dampening effect to EP’s operational EBITA margin. Visit our web site today. A mart way to keep your catalogs up to date. Systems: ABB's website uses cookies. GE Industrial Solutions is now 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). We have a clear integration plan to realize the synergies of this combination and to bring our combined business back into the target margin corridor during 2020.”. 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. 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, … Let’s write the future. EthosEnergy’s OOEM (Other Original Equipment Manufacturer) Services consist of GE, ABB, and ALSTOM Gas Turbine Services. What's New . Reviewer(s) 8 7 5 4 4. 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. GE meter stacks consist of 2-6 commonly bussed meter sockets with branch circuit protection. Industrial Solutions has the reliable parts and services you need. By staying here you are agreeing to our use of cookies. 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. By staying here you are agreeing to our use of cookies. Our 55,000+ employees are dedicated to delivering safe, smart and sustain-able electrification. Among other risks, there can be no guarantee that the acquisition will be completed, or if it is completed, that it will close within the anticipated time period or that the expected benefits of the acquisition will be realized. The transaction is expected to close in H1 2018, subject to customary regulatory clearances. The event will be accessible by conference call. 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 announced it has completed its acquisition of GE Industrial Solutions (GEIS), GE’s global electrification solutions business on June 30, 2018. ABB will retain the GE Industrial Solutions management team and build on its experienced sales force. “The product portfolios of GE Industrial Solutions and ABB are highly complementary. See all Industries 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, The transaction was announced on September 25, 2017, and is expected to be accretive to operational EPS in the first year. For more than a century, GE has designed, built, installed and serviced the electrical distribution equipment that keeps industrial operations powered and productive. ABB TO ACQUIRE GE INDUSTRIAL SOLUTIONS / GE Industrial Solutions will be integrated into ABB’s Electrification Products bEP division, resulting in a unique global portfolio and very comprehensive offering for North American and global customers. 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.”. By staying here you are agreeing to our use of cookies. Vendors Siemens GE ABB Oracle Schneider Electric. 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. www.abb.com. Such forward-looking statements can be identified by words such as plans, intends, expects, commits and other similar terms. 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. 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. Services for Products and Home. Callers are requested to phone in 10 minutes before the start of the call. Show More (9) "Willingness to Recommend" is calculated based on the responses to the question "Would you recommend this product to others?" ... GE's auto-updating versions of the BuyLog and Control Catalogs. ABB's website uses cookies. GE delivers comprehensive product and service solutions to meet your unique industry challenges. ABB electrification, by the acquisition of GE industrial solutions, brings a wide range of electrical circuit breakers for industrial and residential use. ABB announced it has completed its acquisition of GE Industrial Solutions (GEIS), GE’s global electrification solutions business on June 30, 2018. To make it easier to explore our full offerings, our url has changed. Together. GE has thousands of quality electrical parts that you can count on. 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. No forward-looking statement can be guaranteed. ABB's website uses cookies. Learn More. ABB today announced the acquisition of GE Industrial Solutions, GE’s global electrification solutions business. What's New . 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. www.abb.com. Home. Request a Quote Today! ABB operates in more than 100 countries with about 135,000 employees. 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. 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 … Callers from the UK should dial +44 207 107 06 13. GE Industrial Solutions is now ABB. QuiXtra 4000 - Low voltage distribution boards up to 4000A. ABB commits to returning EP to its target margin corridor of 15-19 percent during 2020. 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. The PE1364DLAN+ adapter con-verts the Dlan+ protocol to an ABB protocol and with its built-in firmware, allows the transfer of all data from the new ABB master controller (AC800M) to existing GE drives. Continuing a history of innovation spanning more than 130 years, ABB today is writing the future of industrial digitalization with two clear value propositions: bringing electricity from any power plant to any plug and automating industries from natural resources to finished products. With people, services, technology and scale, GE delivers better outcomes for customers by speaking the language of industry. 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. Compact and safer electrical power equipment with a truly reliable top performance for your ship or boat. 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. 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). 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 is seeking to better penetrate the North American market and gain access to GE’s larger installed base of electrical installations worldwide. By comparing employers on employee ratings, salaries, reviews, pros/cons, job openings and more, you'll feel one step ahead of the rest. 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. Included in the acquisition is a long-term right to use the GE brand. & utilities, Extensions, Upgrades and Each invention further fuels innovation and application across our industrial sectors. 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. 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. & utilities, Extensions, Upgrades and www.abb.com/investorrelations, Since Thomas Edison patented the world’s first circuit breaker, GE Industrial Solutions has been transforming the future of electrification. Marine. ABB today announced the acquisition of GE Industrial Solutions, GE’s global electrification solutions business. The press release and presentation slides are available on the ABB News Center at www.abb.com/news and on the Investor Relations homepage at www.abb.com/investorrelations. This press release contains "forward-looking statements" relating to the acquisition of GE Industrial Solutions by ABB. 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). “The combination reinforces ABB’s position as a worldwide leader in electrification and accelerates our growth and competitiveness in key markets, particularly North America. ABB announced the acquisition of GE Industrial Solutions, GE's global electrification solutions business. Retrofits, Presentation: Leadership in Electrification (PDF / 829 kB), Acquisition will strengthen ABB’s #2 global position in electrification, Non-core GE business with significant value creation potential within ABB, Expands ABB’s access to the North American market through deep customer relationships, large installed base and extensive distribution networks, Potential for annual cost synergies of approximately $200 million, ABB and GE establish long-term, strategic supply relationship for ABB products, 2016 GE Industrial Solutions financial information adjusted to ABB financial definition. 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. 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 has deep customer relationships in more than 100 countries and an established installed base with strong roots in North America, ABB’s biggest market. Operational EPS is a non-GAAP measure of performance; a definition of this measure can be found in ABB’s annual report. No forward-looking statement can be guaranteed. Such forward-looking statements '' relating to the acquisition of GE Industrial Solutions ’ integration into ABB, and Polk... And ALSTOM Gas Turbine services first year, future events, or otherwise and... And experience, we are Combining ABB & GE Industrial Solutions leading-edge technologies for a GE product service...: ABB 's website uses cookies a comprehensive portfolio of Solutions will have an dampening. Accretive in year one the acquisition is a long-term right to use the GE,... Transaction was announced on September 25, 2017, and has about 13,500 employees the. 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