Add-on Acquisition • Electrical Equipment

ABB Acquires Thomas & Betts

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

Acquisition Context
  • 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.

Explore All 1522 Add-on Acquisition Electrical Equipment Deals - Search the Database Free


M&A Deal Summary

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

Target Company

Thomas & Betts

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

Browse All 215,158 Deals

FILTER BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Search Free

Buyer Overview 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 Context for Buyer #
Overall 16 of 40
Sector: Electrical Equipment 8 of 13
Type: Add-on Acquisition 15 of 37
State: Tennessee 1 of 1
Country: United States 6 of 13
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 -