ABB to acquire American company

ABB and Baldor Electric, a North American leader in industrial motors, have agreed that ABB will acquire Baldor in an all-cash transaction valued at approximately 4.2 billion Dollars.The transaction closes a gap in ABB’s automation portfolio in North America by adding Baldor’s motors product line and positions the company as a market leader for industrial motors, including high-efficiency motors. Baldor also adds a growing and profitable mechanical power transmission business to ABB’s portfolio.