To celebrate the recent closing of the acquisition of GE Industrial Solutions, ABB CEO Ulrich Spiesshofer rings the closing bell at the New York Stock Exchange on Friday, July 13, 2018, along with Greg Scheu (far left), President of ABB’s Americas Region; Tarak Mehta (sixth from right), President of ABB’s Electrification Products (EP) division, Stephanie Mains, Managing Director Electrification Products Industrial Solutions (sixth from left) and other members of the ABB team.
ABB’s completion of the acquisition of GE Industrial Solutions (GEIS) on June 30, 2018, strengthens the pioneering technology leader’s global #2 position in electrification and expands ABB’s access to the North American market. The $2.6 billion acquisition brings the total value of ABB’s investments in the United States to $14 billion since 2010, and complements the company’s leadership in fast-charging solutions for e-mobility.
ABB is the title sponsor of the ABB FIA Formula E Championship, the world’s first fully electric international FIA motorsport series, which is holding the two final races of the season in New York on July 14 and 15. The Championship serves as a competitive platform to test and develop e-mobility-relevant electrification and digitalization technologies.
ABB Ltd, the parent company of the ABB Group, is listed on the SIX Swiss Exchange in Zurich, the NASDAQ OMX in Stockholm and the NYSE in New York.
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. 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. 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. ABB operates in more than 100 countries with about 135,000 employees. www.abb.com