“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. The GE products include circuit breakers, switchgear, components for lighting control and power supply equipment for facilities including data centers. www.abb.com. For more than a century, GE has designed, built, installed and serviced the electrical distribution equipment that keeps industrial operations powered and productive. ABB today announced the acquisition of GE Industrial Solutions, GE’s global electrification solutions business. 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.”. Home. Together. No forward-looking statement can be guaranteed. 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. 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. 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). ABB’s Electrification Business Area is a global leader in electrical products and solutions. 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. 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. Our 55,000+ employees are dedicated to delivering safe, smart and sustain-able electrification. ABB announced the acquisition of GE Industrial Solutions, GE's global electrification solutions business. Combining ABB & GE Industrial Solutions leading edge technologies offers you a new comprehensive one line construction package. Together we will have a comprehensive combined portfolio, as well as an expanded global footprint, sales force and distribution network,” said Tarak Mehta. 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. GE Industrial Solutions is now ABB. ABB's website uses cookies. Vendors Siemens GE ABB Oracle Schneider Electric. Operational EPS is a non-GAAP measure of performance; a definition of this measure can be found in ABB’s annual report. From Sweden, the number to dial is +46 85 051 00 31, and from the rest of Europe, +41 58 310 50 00. ABB operates in more than 100 countries with about 136,000 employees. 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. Visit our web site today. Industrial Solutions has the reliable parts and services you need. ... GE's auto-updating versions of the BuyLog and Control Catalogs. 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. To make it easier to explore our full offerings, our url has changed. By staying here you are agreeing to our use of cookies. ABB is seeking to better penetrate the North American market and gain access to GE’s larger installed base of electrical installations worldwide. Compare GE vs ABB BETA See how working at GE vs. ABB compares on a variety of workplace factors. Whether it's new construction or modernizing existing industrial facilities, GE offers complete product and service The majority of GE’s installed base uses the Dlan+ (Arcnet) communication protocol, which is the basis for the upgrade path. 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. Home. 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. See all Industries 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. Systems: ABB's website uses cookies. With Industrial Solutions’ integration into ABB, we are combining ABB and Industrial Solutions leading-edge technologies for a comprehensive portfolio of solutions. ABB today announced the acquisition of GE Industrial Solutions, GE’s global electrification solutions business. EthosEnergy is a full-service provider, offering GE Gas Turbine and other OOEM Gas Turbine services; Component Repairs, Parts, Rotor Solutions, … To request a quote or ask technical questions, click here. 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. www.abb.com. Let’s write the future. The transaction was announced on September 25, 2017, and is expected to be accretive to operational EPS in the first year. 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. 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. Meter stacks are mechanically and electrically built to bolt-up with main devices and other meter stacks. 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. 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). 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