M&A Deal Summary

ABB Acquires Lorentzen & Wettre

On July 4, 2011, ABB acquired machinery company Lorentzen & Wettre from ASSA ABLOY for 750M SEK

Acquisition Highlights
  • This is ABB’s 2nd transaction in the Machinery sector.
  • This is ABB’s 4th largest (disclosed) transaction.
  • This is ABB’s 1st transaction in Sweden.

M&A Deal Summary
Date 2011-07-04
Target Lorentzen & Wettre
Sector Machinery
Buyer(s) ABB
Sellers(s) ASSA ABLOY
Deal Type Divestiture
Deal Value 750M SEK

Target

Lorentzen & Wettre

Kista, Sweden
website
Lorentzen & Wettre is a manufacture of equipment for quality control, process optimization and test instrumentation for the pulp and paper industry.

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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 12 of 37
Sector (Machinery) 2 of 4
Type (Divestiture) 1 of 3
Country (Sweden) 1 of 3
Year (2011) 3 of 6
Size (of disclosed) 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-07-01 Epyon B.V.

Rijswijk, Netherlands

Epyon B.V., is an provider in electric vehicle charging infrastructure solutions focusing on direct current (DC) fast-charging stations and network charger software.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-07-11 Trasfor SA

Lugano, Switzerland

Trasfor SA is a manufacturer of dry type transformers and inductors for low-voltage and medium-voltage applications. It provides specialty products for drives, railway rolling stock, offshore wind power and other types of power generation based on renewable energy, and in addition supplies a range of industries such as marine, oil and gas.

Buy -

Seller(S) 1

SELLER

ASSA ABLOY

Stockholm, Sweden

website

Category Company
Founded 1954
Sector Manufacturing
Employees50,727
Revenue 87.6B SEK (2020)
DESCRIPTION

The Assa Abloy Group is a Swedish lock manufacturer, and is the world's largest lock manufacturer by sales volume. ASSA ABLOY was founded in 1954 and is based in Stockholm, Sweden.

DEAL STATS #
Overall 1 of 5
Sector (Machinery) 1 of 1
Type (Divestiture) 1 of 5
Country (Sweden) 1 of 2
Year (2011) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-05-10 Portafeu

Romilly-sur-Andelle, France

Portafeu is a provider in customized fire doors. Portafeu offers fire-rated flame-retardant, firebreak and blast-resistant doors for commercial and residential customers as well as for special closures.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-09-06 Angel Metal

Daegu, South Korea

Angel Metal Co., Ltd. is a provider of locks and hardware products.

Buy -
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