ABB Moves to Strengthen Automation Portfolio with Proposed Rotork Acquisition
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ABB has made the announcement of their plans to acquire Rotork, UK’s largest supplier of intelligent actuator technologies and flow control . The acquisition value stated by ABB is around 5.5 billion dollars. The acquisition is meant for increasing ABB’s capabilities in the field of automation and enhancing its market position in the areas like oil and gas, chemical, water, power, and manufacturing. If the acquisition gets approved, Rotork will be able to operate independently as a separate…
1Key Takeaways
- ABB has made the announcement of their plans to acquire Rotork, UK’s largest supplier of intelligent actuator technologies and flow control .
- The acquisition value stated by ABB is around 5.5 billion dollars.
- The acquisition is meant for increasing ABB’s capabilities in the field of automation and enhancing its market position in the areas like oil and gas, chemical, water, power, and manufacturing.
- If the acquisition gets approved, Rotork will be able to operate independently as a separate….
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3Why it matters
Coding AI shifts how fast software ships and how much human review each change needs. DEV — AI reports that aBB has made the announcement of their plans to acquire Rotork, UK’s largest supplier of intelligent actuator technologies and flow control .
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