ABB completes acquisition of GE Industrial Solutions

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

The $2.6B transaction was announced on September 25, 2017, and is expected to be accretive to ABB's operational EPS in the first year.

The company expects to realize approximately $200M of annual cost synergies in year five, which will be key in bringing GEIS to peer performance.

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