ABB set to acquire Thomas & Betts
31 January 2012
With the aim of increasing its share of the North American low-voltage products market, ABB has announced that it is to acquire Thomas & Betts.
The move will give ABB access to Thomas & Betts network of more than 6,000 distributor locations and wholesalers in North America.
We are told that the transactions would also double ABB’s addressable low-voltage products market, to approximately $24 billion in North America, and will enable distribution of Thomas & Betts products through ABB’s global network.
The move forms part of ABB’s 2015 strategy, to expand its geographic and product scope in one of its most profitable businesses.
Contact Details and Archive...
Most Viewed Articles...