Springfield, MO

Swiss firm to buy GE unit for $2.6B

Posted online

Swiss engineering firm ABB Group agreed to buy General Electric’s circuit breaker and other electrical equipment unit for $2.6 billion.

New GE Ceo John Flannery already pledged to cut costs, and he's said to be reviewing each of the company's businesses.

Zurich-based ABB will be able to use the GE unit, dubbed GE Industrial Solutions, to broaden its electrification business globally.

Read more from The New York Times.


No comments on this story |
Please log in to add your comment
Editors' Pick

From the Ground Up: The Township Senior Living

O’Reilly Development Co. is building a continuum-of-care community with 83 independent living units, 46 in assisting living and 16 in a memory care division.

Most Read Poll
How often do you use the greenway trails in and around Springfield?

View results