Illustration 19276996 / Dirk Erck / Dreamstime
Iillustration 19276996 / Dirk Erck / Dreamstime
Illustration 60886103 / Kheng Ho To /Dreamstime

ABB to buy Baldor Electric

Nov. 30, 2010
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 ...

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