Report
Preston Caldwell
EUR 101.80 For Business Accounts Only

ABB to Buy GE’s Industrial Solutions Business for $2.6 Billion, Progressing GE's Power Segment Plans

On Monday, GE announced that ABB will buy its electrification products business, known as Industrial Solutions, for $2.6 billion. With Suez agreeing to purchase GE’s industrial water assets for approximately EUR 3.2 billion earlier this year, securing a buyer for the Industrial Solutions business was the remaining piece of the broader restructuring within GE’s Power and Energy Connections segments, which are set to combine into one reporting unit this year. Shedding these noncore assets will all...
Underlying
Baker Hughes Company Class A

Baker Hughes is an energy technology company. The company's segments are: Oilfield Services, which provides products and services for onshore and offshore operations ranging from drilling, evaluation, completion, production, and intervention; Oilfield Equipment, which provides products and services for the subsea, offshore surface and onshore operating environments; Turbomachinery and Processing Solutions, which provides equipment and related services for mechanical-drive, compression and power-generation applications; and Digital Solutions, which includes condition monitoring, industrial controls, non-destructive technologies, measurement, sensing, and pipeline solutions.

Provider
Morningstar
Morningstar

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.

Analysts
Preston Caldwell

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