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ABB Makes Major Move to Expand U.S. Industrial Presence with Deal to Buy Baldor

ABB, Zurich, Switzerland, long a major player internationally in power systems, drives and industrial motors, has nonetheless struggled to gain a significant foot-hold in the North American industrial market. Last week, though, ABB announced a move that may give it what it’s been seeking — a purchase that will give it much greater leverage in the multi-billion dollar North American industrial motors business and position it as a global leader for movement and control in industrial

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