ABB Acquires Baldor Electric for Billion$ and Other Industrial Manufacturer News Bits
In case you missed it, Swiss-based ABB will acquire Baldor Electric Company beginning December 2010 in an all-cash deal. The $4.2 billion deal is expected to close in the first quarter of 2011. Why? For ABB, this transaction fills in a gap in ABB’s automation offerings by folding in Baldor’s […]