- Equipment World - http://www.equipmentworld.com -

ABB acquires Baldor Electric

Posted By Lauren Heartsill Dowdle On December 1, 2010 @ 9:17 am In Industry Briefs | No Comments

ABB acquired Baldor Electric in an all-cash transaction valued at approximately $4.2 billion.

This transaction provides ABB with a North American presence in the industrial electric motor market. ABB will retain Baldor’s management, brand and headquarters in Fort Smith, Arkansas.

ABB will commence a tender offer to purchase all of Baldor’s outstanding shares for $63.50 per share in cash. To learn more about ABB, visit abb.com [1].


Article printed from Equipment World: http://www.equipmentworld.com

URL to article: http://www.equipmentworld.com/abb-acquires-baldor-electric/

URLs in this post:

[1] abb.com: http://www.abb.com

Copyright © 2012 Equipment World -- Development. All rights reserved.