YOUR BUSINESS AUTHORITY

Springfield, MO

Log in Subscribe

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.

Comments

No comments on this story |
Please log in to add your comment
Editors' Pick
PBA tourney puts spotlight on Springfield

Tournament hosts say nationally televised PBA event puts area bowling on the map.

Most Read
SBJ.net Poll
How should the city's final ARPA funds be spent?

*

View results

Update cookies preferences