M&A Deal Summary

ABB Acquires CGM AB

On August 24, 2015, ABB acquired engineering company CGM AB

Acquisition Highlights
  • This is ABB’s 1st transaction in the Engineering sector.
  • This is ABB’s 2nd transaction in Sweden.

M&A Deal Summary

Date 2015-08-24
Target CGM AB
Sector Engineering
Buyer(s) ABB
Deal Type Add-on Acquisition

Target

CGM AB

Borås, Sweden
CGM AB is a provider of modern control room design and ergonomic solutions for maximum control room operator effectiveness.

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Buyer(S) 1

Buyer

ABB

Zurich, Switzerland

Category Company
Founded 1883
Sector Engineering
Employees109,930
Revenue 32.9B USD (2024)
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 27 of 40
Sector: Engineering M&A 1 of 1
Type: Add-on Acquisition M&A Deals 26 of 37
Country: Sweden M&A 2 of 3
Year: 2015 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-04-14 Gomtec

Seefeld, Germany

Gomtec GmbH is a manufacturer of mechatronic systems combining mechanical, electrical, telecommunications, control and computer engineering for customers in diverse industries.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-05-10 SVIA Industrial Automation

Jönköping, Sweden

SVIA Industrial Automation is a technology company that specializes in automated solutions for machine tending processes.

Buy -