M&A Deal Summary

ABB Acquires Thomas & Betts

On January 30, 2012, ABB acquired electrical equipment company Thomas & Betts for 3.9B USD

Acquisition Highlights
  • This is ABB’s 8th transaction in the Electrical Equipment sector.
  • This is ABB’s 2nd largest (disclosed) transaction.
  • This is ABB’s 6th transaction in the United States.
  • This is ABB’s 1st transaction in Tennessee.

M&A Deal Summary
Date 2012-01-30
Target Thomas & Betts
Sector Electrical Equipment
Buyer(s) ABB
Deal Type Add-on Acquisition
Deal Value 3.9B USD

Target

Thomas & Betts

Memphis, Tennessee, United States
website
Thomas & Betts is a designer and manufacturer of connectors and components for electrical and communication markets.

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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 16 of 37
Sector (Electrical Equipment) 8 of 13
Type (Add-on Acquisition) 15 of 34
State (Tennessee) 1 of 1
Country (United States) 6 of 12
Year (2012) 1 of 3
Size (of disclosed) 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-12-19 Envitech Energies

Pointe-Claire, Quebec, Canada

Envitech Energies, Inc. is a supplier of rail electrical equipment and solutions for urban transportation applications, including traction rectifiers, traction power components, trackside braking energy absorption devices, automatic grounding and energy storage solutions.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-06-15 Tropos Networks

Sunnyvale, California, United States

Tropos employs 55 people. The company’s wireless IP (Internet Protocol) broadband solutions focus on reliability, security and scalability, key characteristics for essential services in smart grid and other outdoor industrial applications.

Buy -
Mergr

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