In September 2017, Bloomberg reported that ABB, a Swiss engineering firm, agreed to buy General Electric Co.’s industrial solutions business.
Follow the link to read the original Bloomberg article, ABB to acquire GE Industrial Solutions
ABB purchased the GE division for $2.6 billion. Bloomberg reports that ABB is trying to spur growth by strengthening their position in the U.S. market.
As part of the deal, ABB gets “Long-term usage of GE brand”. So, the GE brand in the industrial market is not going to disappear in the near future.
What does it mean to us?
It is difficult to say. The industrial electric brands have continually been acquired and cast off since the beginning. None of the major bus duct brands (or companies) still exist as they did when originally manufactured.
At times the change in brand ownership has little consequence for the end user. As an example ITE’s Bulldog brand has existed for decades. The BOS bus plugs, available until recently from Siemens, will plug into any run of BD busway. As a note, the BD series has been obsoleted by Siemens.
Other times, the brand disappears, such as the case with Trumbull. All is not lost, GE’s FVK series bus plugs will plug into the Trumbull busway.
The ABB purchase is another instance of the American industrial market continuing to be gobbled up by foreign companies. The Swiss ABB joins the German Siemens and French Schneider Electric.
- Notes from the Bloomberg article.
- ABB puts a value on the U.S. of $30 billion, the largest market in the world.
- “Industrial solutions, one of GE’s smaller divisions, has about 13,000 employees.”
- The Bloomberg article refers to Schneider Electric as the largest industrial electric manufacturer, and the ABB move is a defensive move.