ABB acquired GE Industrial Solutions for US$2.6bn. GE Industrial Solutions, with headquarters in Atlanta, Georgia, generated total revenues of US$2.7bn (of which 60% in North America) in 2016 with 13,500 employees. The company is active with 29 manufacturing facilities in over 100 countries. In 2016, the operating EBITDA margin reached 8% and the EBITA margin 6%. GE Industrial Solutions, a subsidiary of GE, offers electrical products, solutions and services for commercial, residential and ind
09 Oct 2017
Acquisition of GE Industrial Solutions
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Acquisition of GE Industrial Solutions
- Published:
09 Oct 2017 -
Author:
Heinz Steffen -
Pages:
3
ABB acquired GE Industrial Solutions for US$2.6bn. GE Industrial Solutions, with headquarters in Atlanta, Georgia, generated total revenues of US$2.7bn (of which 60% in North America) in 2016 with 13,500 employees. The company is active with 29 manufacturing facilities in over 100 countries. In 2016, the operating EBITDA margin reached 8% and the EBITA margin 6%. GE Industrial Solutions, a subsidiary of GE, offers electrical products, solutions and services for commercial, residential and ind