Zurich, Switzerland, July 1, 2010 – ABB, the global power and automation technology group, has reviewed the offer announced by Emerson on 29 June 2010 of 375p per Chloride share and has decided not to match Emerson’s offer.
US-based instrumentation maker complements existing portfolio, adds to oil and gas offering
Facility will cater to power infrastructure projects and integration of renewable energies
Acquisition positions ABB as a key player in energy management software and smart grids
ABB in the United States provides power and automation products, systems, solutions, and services.
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