ABB appears to be signalling that electrification is more important to them than anything else, including manufacturing and process automation. And GE is divesting itself of one of its historical core competencies and businesses. Read the press release: ABB today announced the acquisition of GE Industrial Solutions, GE’s global electrification solutions business. GE Industrial … [Read more...] about ABB Doubles Down on Electric Business-Buys GE Industrial Solutions
Automation and Process Control INSIDER
Third time may be the charm! Schneider does the Aveva deal– Again!
After failing twice to consummate the deal, Schneider Electric announced on September 5 that they had done the deal-- again. Britain's Aveva Group said on Tuesday it had agreed to combine with Schneider Electric's software business to create a London-listed leader in industrial software worth more than 3 billion pounds ($3.88 billion). France's Schneider will take a 60 percent … [Read more...] about Third time may be the charm! Schneider does the Aveva deal– Again!
The INSIDER for August 2017 emailed yesterday!
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