Latest from People
Latest from People
People On the Move - Jan. 24, 2025 Update
Jan. 24, 2025
Byron Brewer, a NEMRA Founder Passes On
Jan. 9, 2025
People On the Move -Jan. 10 2025 Update
Jan. 9, 2025
People On the Move - December 20, 2024 Update
Dec. 20, 2024
People on the Move - December 6, 2024
Dec. 5, 2024
People On the Move - Nov. 8, 2024 Update
Nov. 7, 2024
People On the Move - Oct. 25, 2024 Update
Oct. 25, 2024
People On the Move & Rep Lines
Oct. 10, 2024
In an acquisition that's sure to send shock waves through the motor market, ABB Ltd. (ABB), Zurich, Switzerland, announced plans to buy Baldor Electric, Fort Smith, Ark. According to a Baldor press release, this acquisition will enable ABB to penetrate the North American industrial
market by using Baldor's strong North American market access and will allow Baldor to expand globally by using ABB's distribution network abroad. ABB plans to acquire Baldor for $63.50 per share for an overall transaction value of $4.2 billion, including net debt of $1.1 billion. Details