ABB Group, Zurich, Switzerland, is continuing to use its billions in cash reserves to add large operating units to its various power and automation and control interests. ABB is positioning for another billion-dollar acquisition now with a bid to buy Chloride Group PLC, a London-based manufacturer of uninterruptible power supply (UPS) systems, for 860 million British pounds, or roughly $1.3 billion.
The bid surpassed an earlier offer for Chloride from Emerson Electric by 20 percent. C
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