Latest In ABB
Divestment of Huntersville, NC, facility in line with company's "Next Level" strategy.
Acquisition expands company's offering in the field of collaborative robots.
Facility in Memphis, TN, will employ up to 300 in five years.
ABB is divesting this business because of limited synergies with ABBs core portfolio.
Acquisition will add liquid flow computers and software for oil and gas applications.
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Sale will be the second division of Thomas & Betts ABB has sold since acquiring the manufacturer.
Organic sales for the quarter decreased 3 percent.
Business to be acquired by Bel Fuse Inc.
Division to be acquired by Nortek, Inc.
Industrial and utility customers drove growth.
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Divestment is in line with ABBs strategy to continuously optimize portfolio.
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The acquisition will help ABB to serve markets outside of Europe.
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The French software company expands ABB’s offerings for automation systems in buildings.
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Acquisition strengthens gearless mill drive system business.
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