ABB's Blockbuster Acquisition of T&B Opens Up Markets for Both Companies

摘要

The electrical market is still buzzing from ABB's announcement last week that it would acquire Thomas & Betts Corp., Memphis, Tenn., for $3.9 billion. The move will expand its reach deep into the North American electrical market and help T&B market its products more broadly overseas. At last week's NEMRA Conference, much of the chatter in the lobby and bars at the San Diego's Hilton Bayside Hotel related to the acquisition, and the general sense at the meeting is that the deal could work out to be a win-win for both companies, with ABB, Zurich, Switzerland, gaining access to the estimated 6,000 distributor locations in North America that stock T&B products, and Thomas & Betts now able to expand its business outside of North America, which currently accounts for approximately 22 percent of its total revenues.