www.abb.com. ABB operates in more than 100 countries with about 135,000 employees. - Press release - English (PDF / 78 kB)- Press release - German (PDF / 70 kB)- Presentation: Leadership in Electrification (PDF / 829 kB). ABB operates in more than 100 countries with about 136,000 employees. http://www.geindustrial.com/, GE (NYSE: GE) is the world’s Digital Industrial Company, transforming industry with software-defined machines and solutions that are connected, responsive and predictive. Callers from the US and Canada should dial +1 866 291 41 66 (toll-free) or +1 631 570 56 13 (long-distance charges apply). “Combined with the long-term strategic supply relationship with GE, this transaction creates significant value for our shareholders.”, He added: “Together with the GE Industrial Solutions team, we will execute our well-established plans in a disciplined way to bring this business as part of the global ABB family back to peer performance. For more GE will also benefit through an expanded strategic supply relationship with ABB as the two companies work together.”. We look forward to working with GE Industrial Solutions’ and ABB’s customers and channel partners to create new opportunities in this highly attractive core market for our division. Such forward-looking statements are based on current expectations and involve inherent risks and uncertainties, including factors that could delay, divert or change any of them, and could cause actual outcomes and results to differ materially from current expectations. You can change these settings any time later by clicking Stephanie Mains, who was previously the President and CEO of the GE Industrial Solutions business, will lead the new business unit as Managing Director. The event will be accessible by conference call. No forward-looking statement can be guaranteed. Transforming how industry solves its toughest challenges by bringing simplicity, speed and scale to digital transformation. Callers from the UK should dial +44 207 107 06 13. Such forward-looking statements can be identified by words such as plans, intends, expects, commits and other similar terms. ABB commits to returning EP to its target margin corridor of 15-19 percent during 2020. All rights reserved. A conference call and webcast for analysts and investors is scheduled to begin today at 12:00 p.m. CET (11:00 a.m. BST, 6:00 a.m. EDT). After closing, this transaction will have an initial dampening effect to EP’s operational EBITA margin. ABB announced it has completed its acquisition of GE Industrial Solutions (GEIS), GE’s global electrification solutions business on June 30, 2018. As title partner of Formula E, the fully electric international FIA motorsport class, ABB is pushing the boundaries of e-mobility to contribute to a sustainable future. Our portfolio includes gas and steam turbines, distributed power, wind and renewable energy, nuclear energy, and water processing technologies. We deliver more than 95% of our clients' lubricant orders the next business day to sites throughout the United States. Ge Industrial Solutions, Inc. USDOT number is 2528627. We will be happy to help GLE Industrial Solutions, Inc. 303 Perimeter Center N. Retrofits, Strengthens ABB’s #2 global position in electrification, Expands access to attractive North American market, Expected annual cost synergies of approximately $200 million in year five confirmed. Atlanta, Georgia-based GE Industrial Solutions was founded to design, sell and maintain electrical solutions for businesses and utilities, from the electrical grid to user endpoints. We would also like to set the following you request. Together we will have a comprehensive combined portfolio, as well as an expanded global footprint, sales force and distribution network,” said Tarak Mehta. www.abb.com/investorrelations, Since Thomas Edison patented the world’s first circuit breaker, GE Industrial Solutions has been transforming the future of electrification. ABB undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future events, or otherwise. Healthcare (link is external) At the center of an ecosystem striving for precision health. With people, services, technology and scale, GE delivers better outcomes for customers by speaking the language of industry. Among other risks, there can be no guarantee that the acquisition will be completed, or if it is completed, that it will close within the anticipated time period or that the expected benefits of the acquisition will be realized. This site is protected by reCAPTCHA and the Google To make it easier to explore our full offerings, geindustrial.com has moved to a new home at electrification.us.abb.com – one site for all your needs. Each invention further fuels innovation and application across our industrial sectors. Tarak Mehta, President of ABB’s EP division, said: “This acquisition strengthens our position as partner of choice for electrification globally and in North America. Our customers, several of whom are the Fortune 100 companies, have come to rely on GLE Industrial Solutions to deliver the right products to the right place with speed and efficiency that is hard to match or duplicate. information, please read our Cookie Information. Please contact GLE Industrial Solutions, Inc. by phone or email and let us know what your needs and questions are. www.GE.com, ABB (ABBN: SIX Swiss Ex) is a pioneering technology leader in electrification products, robotics and motion, industrial automation and power grids, serving customers in utilities, industry and transport & infrastructure globally. order to provide you a more personalized experience. We help our clients to better plan their plant outages, manage their lubricants purchases, and cut hundreds of thousands of dollars out of their inventory carrying cost. You can explore them by industry below. Contact us now to review your specific needs. Quick Transport Solutions, Inc. Solutions built around your business needs, Vendor consolidation and single point of contact for seamless service, Superior Supply Chain Management Solution, Technology based national inventory management and tracking to prevent stock outs, Single-point sourcing for various brands and types of lubricants, Reliable service for mission critical supplies. GLE Industrial Solutions is a nationwide provider of Industrial and Specialty Lubricants. ABB’s EP division delivers more than 1.5 million products to customers around the world every day through a global network of channel partners and end-customers. The transaction is expected to close in H1 2018, subject to customary regulatory clearances. Learn more I agree. Callers from the US and Canada should dial +1 866 291 41 66 (toll-free) or +1 631 570 56 13 (long-distance charges apply). we can improve it. Receive a one-time comprehensive credit report on this company. Ge Industrial Solutions, Inc. is a licensed and bonded freight shipping and trucking company running freight hauling business from Atlanta, Georgia. Forward-looking statements in the press release should be evaluated together with the many uncertainties that affect ABB's business, particularly those identified in the cautionary factors discussion in ABB's Annual Report on Form 20-F for the year ended December 31, 2017. GLE Industrial Solutions is a nationwide provider of Industrial and Specialty Lubricants. Manufacturing - Lubrication Equipment, Industrial. Such forward-looking statements are based on current expectations and involve inherent risks and uncertainties, including factors that could delay, divert or change any of them, and could cause actual outcomes and results to differ materially from current expectations. ABB undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future events, or otherwise. We have a clear integration plan to realize the synergies of this combination and to bring our combined business back into the target margin corridor during 2020.”. Learn more I agree. ABB expects to realize approximately $200 million of annual cost synergies in year five, which will be key in bringing GE Industrial Solutions to peer performance. At each CoE, our technicians receive specialized training, and we invest in specialized tooling and equipment. We have a complete portfolio of industrial technology products for customers in utilities, transport and infrastructure. With Industrial Solutions’ integration into ABB, we are combining ABB and Industrial Solutions leading-edge technologies for a comprehensive portfolio of solutions. Privacy Policy and © 2011-2020 Quick Transport Solutions Inc. Ge Industrial Solutions, Inc. is an active carrier operating under USDOT Number 2528627. ABB's website uses cookies. We have a vast portfolio of products, systems, services and solutions for customers in a large number of industries. 11501 Dublin Blvd. Operational EPS is a non-GAAP measure of performance; a definition of this measure can be found in ABB’s annual report. Digital (link is external) Putting industrial data to work. www.abb.com. We have a complete portfolio of industrial technology products for customers in utilities, industry, transport and infrastructure. Enterprise solutions feature mobility and remote management, rapid application development and industrial data management. Given this transaction, ABB has decided to put the previously announced share buyback program on hold. © Copyright 2020 ABB Provider information/Impressum Privacy Notice Change cookie settings. If this data is unavailable or inaccurate and you own or represent this business. Ge Industrial Solutions, Inc. is located at 400 Perimeter Ctr in Atlanta and has been in the business of Manufacturing - Lubrication Equipment, Industrial since 2013. that does not directly identify anyone. We connect capital to infrastructure and deliver innovative financial solutions that help make the world work better. GE Industrial’s primary offerings include a wide range of industrial electrical power technologies, including: In addition, the unit also provides a number of services such as training, emergency, inspection and service centers for product repair. Select from over 115 networks below to view available data about this business. “ABB values our people, domain expertise, and our ability to operate in the segments where we have depth and experience. By staying here you are agreeing to our use of cookies. By staying here you are agreeing to our use of cookies. Terms of Service apply.
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