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. With Industrial Solutions’ integration into ABB, we are combining ABB and Industrial Solutions leading-edge technologies for a comprehensive portfolio of solutions. Compact and safer electrical power equipment with a truly reliable top performance for your ship or boat. 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. Callers are requested to phone in 10 minutes before the start of the call. Together. GE Industrial Solutions is now ABB. ... GE's auto-updating versions of the BuyLog and Control Catalogs. Stephanie Mains, who was previously the President and CEO of the GE Industrial Solutions business, will lead the new business unit as Managing Director. The GE products include circuit breakers, switchgear, components for lighting control and power supply equipment for facilities including data centers. A meter socket secures and provides the electrical connection for the meter. What's New . “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. Credit Suisse and Dyal Co. acted as financial advisors to ABB, and Davis Polk & Wardwell provided legal counsel. ABB knows many GE customers well, especially those in the electrical distribution space due to Thomas & Betts / ABB Electrification Products’ alignment with GE distributors. The majority of GE’s installed base uses the Dlan+ (Arcnet) communication protocol, which is the basis for the upgrade path. 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. GE will also benefit through an expanded strategic supply relationship with ABB as the two companies work together.”. See all Industries ABB’s Electrification Business Area is a global leader in electrical products and solutions. 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). GE delivers comprehensive product and service solutions to meet your unique industry challenges. 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. Learn more I agree. To request a quote or ask technical questions, click here. 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. Such forward-looking statements can be identified by words such as plans, intends, expects, commits and other similar terms. Together. Systems: ABB's website uses cookies. 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. www.abb.com. 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. If you require help during the login process, send us a note at empoweru@abb.com. Callers from the UK should dial +44 207 107 06 13. Let’s write the future. ABB will retain the GE Industrial Solutions management team and build upon its experienced sales force. 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). Compare GE vs ABB BETA See how working at GE vs. ABB compares on a variety of workplace factors. EthosEnergy’s OOEM (Other Original Equipment Manufacturer) Services consist of GE, ABB, and ALSTOM Gas Turbine Services. What's New . ABB will acquire GE Industrial Solutions for $2.6 billion; the transaction will be operationally accretive in year one. - Press release - English (PDF / 78 kB)- Press release - German (PDF / 70 kB)- Presentation: Leadership in Electrification (PDF / 829 kB). ABB and GE establish long-term, strategic supply relationship for ABB products Operational EPS accretive in year one Closing expected in H1 … Industrial Solutions has the reliable parts and services you need. 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. 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. Our 55,000+ employees are dedicated to delivering safe, smart and sustain-able electrification. “The combination reinforces ABB’s position as a worldwide leader in electrification and accelerates our growth and competitiveness in key markets, particularly North America. Show More (9) "Willingness to Recommend" is calculated based on the responses to the question "Would you recommend this product to others?" ABB's website uses cookies. Learn more I agree. ABB electrification, by the acquisition of GE industrial solutions, brings a wide range of electrical circuit breakers for industrial and residential use. 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. Operational EPS is a non-GAAP measure of performance; a definition of this measure can be found in ABB’s annual report. Learn More. 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. 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. ABB operates in more than 100 countries with about 136,000 employees. ABB looks to complement its Electrification Products division by adding GE’s Industrial Solutions branch. 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. 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. 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, 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. Such forward-looking statements can be identified by words such as plans, intends, expects, commits and other similar terms. For more than a century, GE has designed, built, installed and serviced the electrical distribution equipment that keeps industrial operations powered and productive. 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 products that GE sources today. Reviewer(s) 8 7 5 4 4. From Sweden, the number to dial is +46 85 051 00 31, and from the rest of Europe, +41 58 310 50 00. “We are very pleased to welcome GE Industrial Solutions to ABB,” said ABB CEO Ulrich Spiesshofer. 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 Best ABB & GE Industrial Solutions Electrification Products Gross Automation is a leading ISO 9001:2015 certified distributor of ABB & GE Industrial Solutions. Show More (6) Vendors Schneider Electric ABB OSI Hardware Oracle GE. 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. 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. ABB announced it has completed its acquisition of GE Industrial Solutions (GEIS), GE’s global electrification solutions business on June 30, 2018. Together we will have a comprehensive combined portfolio, as well as an expanded global footprint, sales force and distribution network,” said Tarak Mehta. Included in the acquisition is a long-term right to use the GE brand. 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.”. A mart way to keep your catalogs up to date. Each invention further fuels innovation and application across our industrial sectors. The transaction is expected to close in H1 2018, subject to customary regulatory clearances. & utilities, Extensions, Upgrades and To make it easier to explore our full offerings, our url has changed. ABB today announced the acquisition of GE Industrial Solutions, GE’s global electrification solutions business. Zurich - ABB announced the acquisition of GE Industrial Solutions, GE’s global electrification solutions business. This press release contains "forward-looking statements" relating to the acquisition of GE Industrial Solutions by ABB. 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. GE was the market leader in the space many years ago. ABB announced the acquisition of GE Industrial Solutions, GE's global electrification solutions business. ABB commits to returning EP to its target margin corridor of 15-19 percent during 2020. 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. 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. GE Industrial Solutions is headquartered in Atlanta, Georgia, and has about 13,500 employees around the world. Services for Products and “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. Important notice about forward-looking information: 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 135,000 employees. 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. ABB … Home. 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 Industrial Solutions empowers smarter business operations by connecting equipment, software, and services to protect, control, and optimize assets within electrical infrastructures. Visit our web site today. 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). ABB's website uses cookies. The transaction was announced on September 25, 2017, and is expected to be accretive to operational EPS in the first year. They will benefit from ABB’s innovative technologies and the ABB AbilityTM digital offering coupled with GE Industrial Solutions’ complementary solutions and market access. After closing, this transaction will have an initial dampening effect to EP’s operational EBITA margin. 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. Lines will be open 10-15 minutes before the start of the call. By staying here you are agreeing to our use of cookies. 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 has deep customer relationships in more than 100 countries and an established installed base with strong roots in North America, ABB’s biggest market. Callers from the UK should dial +44 207 107 06 13. 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. Services for Products and Home. ABB today announced the acquisition of GE Industrial Solutions, GE’s global electrification solutions business. 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. Available today to meet your current and future project needs. EthosEnergy is a full-service provider, offering GE Gas Turbine and other OOEM Gas Turbine services; Component Repairs, Parts, Rotor Solutions, … By comparing employers on employee ratings, salaries, reviews, pros/cons, job openings and more, you'll feel one step ahead of the rest. No forward-looking statement can be guaranteed. ABB undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future events, or otherwise. “The product portfolios of GE Industrial Solutions and ABB are highly complementary. Quote for a GE product or service Davis Polk & Wardwell provided legal counsel a mart to! 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