Merger Case M.8678 | Acquisition of General Electric Industrial Solutions by ABB

Summary:

The acquisition of General Electric Industrial Solutions (GEIS) by ABB Asea Brown Boveri Ltd was notified to the European Commission on 20 April 2018. An investigation was conducted which found that the transaction would raise no competition concerns in the relevant markets.

Further information:

The investigation concluded that, while both ABB and GEIS are active in the design, manufacture and sale of low voltage and medium voltage products, their respective geographic areas of activity are complementary. On overlapping markets, the Commission found that the transaction raises no significant concerns. On markets where the merging companies are active at different levels of the supply chain, the Commission found that they would not have the ability to foreclose competitors.

• Primary Source

European Commission: Press Release, 01.06.18: Commission clears acquisition of General Electric Industrial Solutions by ABB http://europa.eu/rapid/press-release_IP-18-4028_en.htm

Bloomberg, 25.09.17: ABB to Revamp GE's 'Unloved Child' in $2.6 Billion Deal https://www.bloomberg.com/news/articles/2017-09-25/abb-to-purchase-ge-s-industrial-solutions-unit-for-2-6-billion

ABB Group: News, 02.07.18: ABB completes acquisition of GE Industrial Solutions https://new.abb.com/news/detail/5475/abb-completes-acquisition-of-ge-industrial-solutions

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