) is planning to acquire Dynamotive Ltd., a move aimed to expand
its service offering in low- and medium-voltage drives and
motors. The financial terms of the deal were not mentioned, but
it is expected to close this month.
In addition, the acquisition is expected to help ABB increase
its complete industrial motion packages sales, including drives,
motors, controls and related services.
The acquisition complements the existing business of ABB and
will be included in the Drives and Controls segment, operated
from the U.K. By combining the two businesses, ABB will enhance
its manufacturing capabilities as well as product knowledge;
thereby improving its ability to serve its customers.
Post-acquisition, the two companies are expected to create
value-driven growth based on innovation.
Based in Coalville, UK, Dynamotive primarily designs,
commissions and upgrades systems of drives, controls and motors
for industrial and marine applications and automotive test
Based in Zurich, Switzerland, ABB is one of the world's
largest manufacturers of electric motors and drives. Recently,
the company completed acquisitions in two core areas of its
business. ABB announced its intention to acquire
), a leading provider of renewable energy and energy-efficient
power conversion and power management solutions.
After that, it acquired Mountain View, California-based Los
Gatos Research. Through this acquisition, ABB will be adding to
its portfolio of high performance gas analyzers, providing
real-time measurement of trace gases and isotopes for research
and environmental monitoring.
ABB currently has a Zacks Rank #3 (Buy). Some other players in
the same industry that can be considered for buying at the moment
Quanta Services Inc.
Orion Marine Group Inc.
), both carrying a Zacks Rank #2 (Buy).
ABB LTD-ADR (ABB): Free Stock Analysis Report
ORION MARINE GP (ORN): Free Stock Analysis
POWER-ONE INC (PWER): Free Stock Analysis
QUANTA SERVICES (PWR): Free Stock Analysis
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