ABB Completes Acquisition of GE Industrial Solutions
When navigating to the GE Industrial website, you may have noticed that the branding has officially changed from GE to ABB. This is due to ABB completing the acquisition of GE Industrial Solutions (GEIS) to ABB’s Electrification Products (EP) division as of July 2018.
About the Acquisition
The $2.6 billion transaction offers substantial value creation potential within ABB, including growth opportunities to be leveraged from coupling ABB’s digital offering, ABB Ability™, with the extensive GEIS installed base.
ABB has established a long-term strategic supply relationship with GE to supply them with products and solutions from across the ABB portfolio. Included in the acquisition is a long-term right to use the GE brand. To learn more about the acquisition, read the full press release.
Included in the GE industrial Solutions product portfolio now acquired by ABB are Critical Power products, Motor & Lighting Control products and Protection & Distribution products. For a full list of these products, visit their website.
Will this Change My Ordering Process with Lakeland?
As an authorized distributor of both ABB and GE, Lakeland Engineering Equipment Company is committed to providing our customers with the information they need. There will be no changes to part numbers or how customers have purchased GE Industrial Solutions in the past.
As of now, everything remains under GE. In the future, the description on the invoice may read ABB however the part numbers will remain the same. If new information comes to fruition, Lakeland will notify our customers. To request a proposal or application assistance, contact us today.