ABB Buys GE's Fixer-Upper; Industrial Solutions No Bargain but Strategically Important
In some ways, ABB has bought a fixer-upper in General Electric's industrial solutions business, and not at a trough price, as we would have liked, but at a midcycle multiple for a business that, while strategically important, will take some time to turn around. The $2.6 billion acquisition announced Sept. 25 will fold GE’s industrial solutions business into ABB’s electrification products division and is important because it tilts ABB’s North American offering toward solutions rather than product...
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
We have operations in 27 countries.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.