M&A Deal Summary

ABB Acquires Kuhlman Electric

On July 15, 2008, ABB acquired electrical equipment company Kuhlman Electric from The Carlyle Group

Acquisition Highlights
  • This is ABB’s 3rd transaction in the Electrical Equipment sector.
  • This is ABB’s 2nd transaction in the United States.
  • This is ABB’s 1st transaction in Kentucky.

M&A Deal Summary

Date 2008-07-15
Target Kuhlman Electric
Sector Electrical Equipment
Buyer(s) ABB
Sellers(s) The Carlyle Group
Deal Type Add-on Acquisition

Target

Kuhlman Electric

Versailles, Kentucky, United States
website
Kuhlman Electric Corp. manufactures a wide range of high-quality transformers for the industrial and electric utility sectors.

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Buyer(S) 1

Buyer

ABB

Zurich, Switzerland

website


Category Company
Founded 1883
Sector Engineering
Employees104,000
Revenue 29.4B USD (2022)
DESCRIPTION
Entrance to ABB's headquarters in Zurich, Switzerland.
Entrance to ABB's headquarters in Zurich, Switzerland.

ABB is an engineering company that helps customers use electrical power effectively and increase industrial productivity in a sustainable way. ABB creates and supports a range of products, systems and services that increase energy efficiency, reliability and productivity for a variety of industrial, utility, and transport and infrastructure customers. ABB was founded in 1883 and is based in Zurich, Switzerland.


DEAL STATS #
Overall 5 of 37
Sector (Electrical Equipment) 3 of 13
Type (Add-on Acquisition) 5 of 34
State (Kentucky) 1 of 1
Country (United States) 2 of 12
Year (2008) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-08-27 Lummus Global

The Hague, Netherlands

Lummus Global is a provider of proprietary process technologies, project management and engineering, procurement and construction (EPC) management services to the upstream and downstream oil and gas, petrochemical and refining industries worldwide.

Sell $950M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-05-28 Comem

Montebello Vicentino, Italy

Comem is a manufacturer of high-quality transformer components, selling products under its own name and under the Elmek brand. Comem was founded in 1962 and is based in Montebello Vicentino, Italy.

Buy -

Seller(S) 1

SELLER

The Carlyle Group

Washington, District of Columbia, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1987
PE ASSETS 376.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
Carlyle's corporate headquarters on Pennsylvania Ave. in Washington, DC.
Carlyle's corporate headquarters on Pennsylvania Ave. in Washington, DC.

The Carlyle Group is a global investment firm that pursues private equity, credit, and real estate investments worldwide. Carlyle's private equity practice practice pursues buyouts, strategic minority equity investments, equity private placements, consolidations and buildups, and growth capital financings. With offices in 19 countries, Carlyle can easily target opportunities throughout North America, Europe, Asia, Australia, the Middle East/North Africa and Latin America. Broad sectors of interest include aerospace, defense, automotive and transportation, consumer, retail, energy and power, financial services, healthcare, industrial, infrastructure, technology services, business services, telecommunications and media. The Carlyle Group was formed in 1987 and is based in Washington DC.


DEAL STATS #
Overall 117 of 443
Sector (Electrical Equipment) 4 of 5
Type (Add-on Acquisition) 59 of 184
State (Kentucky) 1 of 2
Country (United States) 76 of 250
Year (2008) 7 of 15
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-07-07 Jiangsu Sinorgchem Technology

Shanghai, China

Jiangsu Sinorgchem Technology Co., Ltd. is China's largest producer of para-phenylenediames, which is a key rubber chemical additive.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-07-18 Sonitrol

Westlake, Texas, United States

Sonitrol Corp. is a provider of commercial security alarm monitoring services. Sonitrol’s security technology was created to reduce false alarms and increase apprehensions through verified alarm response. Sonitrol’s integrated suite of offerings includes audio intrusion alarms, monitored video, access control, and fire detection.

Sell $275M