- Automation Giant ABB to Acquire Baldor Electric for $4.2BNov 30 2010
The acquisition would give automation provider ABB a strong position in the North American industrial motors market.
- ABB Settles Kickback Case with U.S. AuthoritiesSep 30 2010
The automation and controls company ABB pleads guilty to violating the Foreign Corrupt Practices Act in past business activities in Mexico and Iraq, settling with the SEC and the Department of Justice.
- Manufacturing Technology M&A Activity Surges at Week’s EndJul 2 2010
Across a broad swath of automation technology markets, vendors made acquisitions, raised the white flag in bidding wars, extended tender offers, and gave customers a lot to follow.
- Emerson Tops ABB Bid for ChlorideJun 29 2010
Looking to build a global UPS powerhouse, Emerson Electric continues to try to acquire the U.K.-based company despite Chloride’s existing agreement with ABB.
- ABB, Honeywell Acquire Energy Management Companies as Smart Grid Market Heats UpJun 13 2010
The automation technology vendors look to help manufacturers achieve operational excellence through better energy management.
- Automation Provider ABB Bids $1.2B to Buy UPS Maker ChlorideJun 8 2010
After spurning an offer from Emerson Electric, management at the uninterruptible power supply vendor appears ready to accept ABB’s higher bid.
- Honeywell Q1 ShinesApr 23 2010
A flurry of activity in short-cycle sales resulted in organic growth in most of Honeywell’s businesses, signaling that an economic recovery could be on its way.
- Sales Down at ABB, Schneider; Reorgs OrderedFeb 18 2010
In addition to aggressive cost cutting, the two automation giants reorganize automation groups in an attempt to jump-start 2010 activity.
- ABB Automation ReorganizesNov 30 2009
Two new divisions align discrete technologies, channels, and services, while fueling speculation that ABB is looking for acquisitions.
- ABB Adjusts Q3 Expectations UpwardOct 19 2009
The automation company revises its third-quarter guidance upward, based on an expectation of decreased expenses related, in part, to corruption investigations.