ABB Again Goes Big in Acquisition Hunt, Bids Premium Price for Chloride Group

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.

All access premium subscription

Only Electrical Marketing newsletter subscribers have access to premium content.

Being a subscriber to the Electrical Marketing newsletter allows you exclusive access to high value content including key economic indicators measuring the health of the market and access to the Electrical Price Index and other important industry insights.

Sign up for the Electrical Marketing newsletter to get access.

Hide comments


  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.