Changes on North American Low-Voltage Market
ABB, the leading power and automation technology group, and Thomas & Betts Corporation, a North American leader in low voltage products, announced that both companies’ boards of directors have agreed to a transaction in which ABB will acquire Thomas & Betts for $72 per share in cash or approximately $3.9 billion. The transaction is subject to approval by Thomas & Betts shareholders as well as to customary regulatory approvals, and is expected to close by the middle of 2012. Read more
ABB Delivers 2,100 Robots
ABB has signed a frame agreement with BMW Group to deliver 2,100 industrial robots over five years, beginning in 2010, to support the carmaker’s operations in Germany, the U.K. and the U.S. Read more
