Last December it was announced that GE was looking to sell the industrial solutions division and we’ve been waiting to hear who the buyer would be ever since. We now have an answer… ABB!
It was announced yesterday that ABB will acquire GE Industrial Solutions in a deal worth $2.6 billion.
What does this mean for our customers?
While we wish we had an exact answer, we are all waiting as the details are worked out and revealed. For now we continue to be your authorized source for the GE Industrial Solutions line and it’s business as usual!
The deal itself is expected to close late this year or early 2018 so things will take some time.