What Was The Reason Behind ABB Group's Acquisition of Baldor Electric for $3.1 Billion?

Posted on November 5, 2014 Jacob Luiz

ABB Group, a Switzerland-based multinational company that specializes in robotics as well as power and automation, recently acquired the industrial motors company Baldor Electric Co just a few years ago. The acquisition was in response to a push for increased energy efficiency as well as an overall company aim to increase its presence in North America.

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