Drives and Control Solutions

Motors, Control Solutions, Power Transmission and Advanced Motion Technology                                                                 

 

ABB

July 3, 2018

ABB announced it has completed its acquisition of GE Industrial Solutions (GEIS), GE’s global electrification solutions business on June 30, 2018. The transaction was announced on September 25, 2017, and is expected to be accretive to operational EPS in the first year.

The $2.6 billion transaction offers substantial value creation potential within ABB, including growth opportunities to be leveraged from coupling ABB’s digital offering, ABB Ability™, with the extensive GEIS installed base. ABB expects to realize approximately $200 million of annual cost synergies in year five, which will be key in bringing GEIS to peer performance.

“We are very pleased to welcome GE Industrial Solutions to ABB,” said ABB CEO Ulrich Spiesshofer. “The combination reinforces ABB’s position as a worldwide leader in electrification and accelerates our growth and competitiveness in key markets, particularly North America. As one of Thomas Edison’s original businesses, GEIS is the cradle of electrification – a legacy that we will preserve and build on, now that GEIS is part of ABB.”

GEIS will be integrated into ABB’s Electrification Products (EP) division, led by EP President Tarak Mehta, as a new business unit called Electrification Products Industrial Solutions (EPIS). Stephanie Mains, who was previously the President and CEO of the GE Industrial Solutions business, will lead the new business unit as Managing Director. As part of the transaction, ABB has established a long-term strategic supply relationship with GE to supply them with products and solutions from across the ABB portfolio. Included in the acquisition is a long-term right to use the GE brand.

“The product portfolios of GE Industrial Solutions and ABB are highly complementary. Together we will have a comprehensive combined portfolio, as well as an expanded global footprint, sales force and distribution network,” said Tarak Mehta. “We are committed to servicing the GEIS installed base and will now be able to provide a more technologically advanced and digitally connected offering to our customers around the world. Together we will strengthen ABB’s #2 position in electrification globally and expand our access to the attractive North American market.”

For more information HERE

https://new.abb.com/

 

 

 

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New Product

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The second generation of safety light curtains, PSENopt II, provide safe access to the production process and provide finger, hand and body protection, depending on the requirement. The first Type 3 safety light curtains are specifically designed for applications up to PL d of EN/IEC 61496-1. Type 4 light curtains are also available for applications up to PL e of EN/IEC 61496-1/-2.

As the units are so robust, PSENopt II sensors provide protection against shock, collision and vibration and so are suitable for use in rugged industrial environments. The operator can evaluate the essential causes and system defects responsible for the machine stop by means of the LEDs. Downtimes are reduced as a result.

The safety light curtains are available in lengths from 150 mm to 1800 mm. In combination with the configurable control system PNOZmulti 2 you have a safe, complete, one-stop solution. Compatible accessories range from installation assistance through to mirror columns.

New: Accessory for the light curtain PSENopt II to prevent restart

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