IFLR1000

ABB $2.6 billion acquisition of GE industrial solutions business

1/7/2018
Private acquisition
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$ 2.6 billion

Announced

1/7/2018

Overview:

  • Sweden-based ABB has acquired GE's industrial solutions business for $2.6 billion.
  • The acquired business is located in Atlanta. and employs over 13,500 people around the globe.
  • Through the acquired business, the company will offer critical power and other related solutions to its customers.

 Katrin Kostadinova - Data analyst 

Jurisdictions:

United States
Belgium
Finland
Luxembourg
Netherlands
Sweden

Deal type:

Private acquisition

Practice area:

M&A

Governing law:

United States

Industry sectors:

Energy
Industrials and manufacturing

Firms:
Clifford Chance

Party: General Electric (Seller)

Davis Polk & Wardwell

Party: ABB (Acquirer)

Lawyers: Michael Davis, Phillip Mills

Demarest Advogados

Party: General Electric (Seller)

Lawyer: Gabriel Ricardo Kuznietz

Hannes Snellman

Party: ABB (Acquirer)

Lawyer: Heidi Haanpää

Loyens & Loeff

Party: ABB (Acquirer)

Lawyer: Peter Corten

NautaDutilh

Party: ABB (Acquirer)

Lawyer: Joost den Engelsman

Stibbe

Party: General Electric (Seller)

Lawyer: Dries Hommez

Weil Gotshal & Manges

Party: GE Industrial Solutions (Target)

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