ABB To Buy Raffin Electric Co.

Aug. 24, 2006
ABB has acquired the assets of the manufacturing and industrial contracting units of Raffin Electric Company

ABB has acquired the assets of the manufacturing and industrial contracting units of Raffin Electric Company Ltd. in Canada. Based in Calgary, Raffin Electric is a leader in custom premanufactured power distribution centers and other electrical distribution equipment used primarily in harsh outdoor environments.

“This acquisition will help strengthen ABB’s leading position in supplying power and automation products, services and systems to the oil and gas industry,” said Sandy Taylor, ABB Canada’s president and global head of ABB’s Oil and Gas business. “Adding Raffin Electric’s capabilities fits perfectly with our long-term strategy,” he added.

Peter Didaskalos, vice president and general manager, High and Medium Voltage Apparatus, Power Products Division, North America, said the addition of Raffin’s resources will further improve ABB’s position in Western Canada. The acquisition will be integrated into ABB’s Power Products for Medium Voltage business.