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Agency / Source: ABB Robotics / ABB Ltd

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ABB Acquires General Trafo and Expands Transformer Service Offering - Hungary based firm to complement portfolio, expand market presence in Central and Eastern Europe and reinforce service thrust - ABB.com
ABB Acquires General Trafo and Expands Transformer Service Offering

 

PRZOOM - /newswire/ - Zurich, Switzerland, 2011/12/09 - Hungary based firm to complement portfolio, expand market presence in Central and Eastern Europe and reinforce service thrust - ABB.com. NYSE: ABB

   
 
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ABB, the leading power and automation technology group, has agreed to acquire General Trafo to expand its transformer service offering for distribution and small power transformers.

General Trafo is a leading transformer service company, providing utility and industrial customers with service solutions for distribution and small power transformers. The company employs about 40 people and has its base in Györ, Hungary.

The parties have agreed not to disclose the purchase price. The transaction is expected to close in the coming months and is subject to customary regulatory approvals.

“General Trafo will bring considerable domain expertise and help strengthen our service portfolio for distribution and small power transformers,” said Markus Heimbach, head of the Transformers business, a part of ABB’s Power Products division. “Service is a strategic focus area and we will continue to extend our offering and expand our market presence in this space.”

“We are delighted that our service portfolio and people competencies will become a part of ABB, the leading global transformer manufacturer, and we see attractive opportunities for growth and market expansion,” said Krisztián Keresztes, General Manager of General Trafo.

ABB provides a full range of transformer services including on-line monitoring, on-site repair, condition assessment, diagnostics and consulting. These solutions are aimed at maximizing return on transformer assets by ensuring high reliability, reducing life cycle costs and enabling optimized performance while lowering environmental impact.

ABB (abb.com) is a leader in power and automation technologies that enable utility and industry customers to improve performance while lowering their environmental impact. The ABB Group of companies operates in around 100 countries and employs about 130,000 people.

 
 
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Agency / Source: ABB Robotics / ABB Ltd

 
 

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ABB Acquires General Trafo and Expands Transformer Service Offering

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Contact: Harmeet Bawa - ABB.com 
+41 43 317 6480 harmeet.bawa[.]ch.abb.com
 
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IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any ABB Robotics / ABB Ltd securities in any jurisdiction including any other companies listed or named in this release.

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