M&A Deal Summary

Global Air Movement SARL Acquires ABB - Air Handling Equipment Business

On December 10, 2001, Global Air Movement SARL acquired electrical equipment company ABB - Air Handling Equipment Business from ABB for 225M USD

Acquisition Highlights
  • This is Global Air Movement SARL’s 1st transaction in the Electrical Equipment sector.
  • This is Global Air Movement SARL’s largest (disclosed) transaction.
  • This is Global Air Movement SARL’s 1st transaction in Switzerland.

M&A Deal Summary
Date 2001-12-10
Target ABB - Air Handling Equipment Business
Sector Electrical Equipment
Buyer(s) Global Air Movement SARL
Sellers(s) ABB
Deal Type Divestiture
Deal Value 225M USD

Target

ABB - Air Handling Equipment Business

Zurich, Switzerland
ABB - Air Handling Equipment Business is a provider of air handling equipment services.

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Buyer(S) 1

Buyer

Global Air Movement SARL

Luxembourg, Luxembourg
Category Company
Sector Electrical Equipment
DESCRIPTION

Global Air Movement (Luxembourg) SARL is an air movement business with an unrivalled reputation for design and innovation.

DEAL STATS #
Overall 1 of 1
Sector (Electrical Equipment) 1 of 1
Type (Divestiture) 1 of 1
Country (Switzerland) 1 of 1
Year (2001) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

ABB

Zurich, Switzerland
Category Company
Founded 1883
Sector Engineering
Employees108,700
Revenue 32.2B USD (2023)
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 1 of 8
Sector (Electrical Equipment) 1 of 2
Type (Divestiture) 1 of 8
Country (Switzerland) 1 of 2
Year (2001) 1 of 1
Size (of disclosed) 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2001-04-09 Entrelec SA

France

Entrelec manufactures and distributes low tension electrical connecting devices for industrial uses in sectors such as utilities, transport, automotive, and chemistry. Entrelec is the leading French operator and ranks 3 worldwide. Management improved productivity through a systematic outsourcing policy. Entrelec was ultimately taken over by the ABB Group in 2001.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2003-12-09 Sirius International Insurance Group

Hamilton, Bermuda

Sirius International Insurance Group, Ltd. is a provider of reinsurance services through its operating companies.

Sell $425M
Mergr

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