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Tag: ABB
Construction Equipment
AB Volvo names new president, CEO
AB Volvo’s board of directors appointed Olof Persson, 46, as the president and chief executive officer of Volvo. Persson, who is currently president of Volvo Construction Equipment, will assume the position on Sept. 1 when Leif Johansson retires. The board of directors reviewed a large number of both internal and external candidates to identify a […]
March 16, 2011
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ABB acquires Baldor Electric
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 […]
December 1, 2010
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