ABB $2.6 billion acquisition of GE Industrial Solutions
Davis Polk is advising ABB on its approximately $2.6 billion acquisition of GE Industrial Solutions, General Electric Company’s global electrification solutions business. The transaction, which is expected to close in the first half of 2018, is subject to customary regulatory approvals.
ABB provides electrification products, robotics and motion, industrial automation and power grids, serving customers in utilities, industry and transport and infrastructure. GE Industrial Solutions, headquartered in Atlanta, Georgia, delivers electrical solutions to control electricity from the grid to its point of use.
The Davis Polk corporate team includes partners Phillip R. Mills and Michael Davis and associates Laura C. Turano and Paul Lee. Partner Avishai Shachar and associate Anne E. McGinnis are providing tax advice. Partner Frank J. Azzopardi and associate Bonnie Chen are providing intellectual property and technology advice. Partner Jeffrey P. Crandall and associate Travis Triano are providing executive compensation advice. Counsel Betty Moy Huber and associate Michael Comstock are providing environmental advice. All members of the Davis Polk team are based in the New York office.