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In 2011, Baldor was acquired by ABB Ltd of Switzerland in an all-cash deal of US$4.2 billion ($1.1 billion debt included). The company continued to operate as Baldor Electric Company A Member of the ABB Group. On March 1, 2018, Baldor Electric Company's name was dissolved into the ABB brand, becoming ABB across all of its locations.
ABB was ranked 340th in the Fortune Global 500 list of 2020 and has been a global Fortune 500 company for 24 years. [7] ABB was formed in 1988, when Sweden's Allmänna Svenska Elektriska Aktiebolaget (ASEA) and Switzerland's Brown, Boveri & Cie merged to create Asea Brown Boveri, later simplified to the initials ABB
In July 2020, ABB divested its power grid business and sold 80.1% of that to Hitachi Ltd., leading to the formation of Hitachi ABB Power Grids. [1] In October 2021, Hitachi ABB Power Grids changed its company name to Hitachi Energy. In December 2022, it was confirmed that Hitachi acquired the remaining 19.9 percent shares from ABB Ltd. [2]
Arrow Electronics, Inc. is an American company headquartered in Centennial, Colorado.A global provider of electronic components and enterprise computing products, the company specializes in distribution and value-added services for original equipment manufacturers, value-added resellers, managed service providers, contract manufacturers and other commercial customers.
Vetco was a British oilfield service company that was established in July 2004 and operated through its subsidiaries Vetco Gray and Vetco Aibel AS. Vetco was the result of a consortium consisting of the private equity firms Candover, 3i and JP Morgan Partners, which took over ABB's oil and gas division, ABB Offshore Systems.
Allen-Bradley is the brand-name of a line of factory automation equipment owned by Rockwell Automation.The company, with revenues of approximately US $6.4 billion in 2013, manufactures programmable logic controllers (), human-machine interfaces, sensors, safety components and systems, software, drives and drive systems, contactors, motor control centers, and systems of such products.
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Distribution is the process of making a product or service available for the consumer or business user who needs it, and a distributor is a business involved in the distribution stage of the value chain. Distribution can be done directly by the producer or service provider or by using indirect channels with distributors or intermediaries.