ABB (ABB -1.1%) agrees to acquire the train power business of Italy based RGM for an undisclosed...

|About: ABB LTD. (ABB)|By:, SA News Editor

ABB (ABB -1.1%) agrees to acquire the train power business of Italy based RGM for an undisclosed amount. The deal adds to ABB's expansion of its rail business, which has grown 30% annually in recent years.