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ABB Asea Brown Boveri Ltd Affolternstrasse 44 8050 Zurich, Switzerland http://www.abb.com
Contact Mr Antonio Ligi +41 43 317 65 68
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ABB Asea Brown Boveri Ltd

ABB acquires ring motor business from Alstom

Acquisition enables ABB to further strengthen gearless mill drive system business

(PresseBox) (Zurich, )
ABB, the leading power and automation technology group, announced today the acquisition of Alstom's ring motor business to enhance its gearless mill drive (GMD) system business. The parties agreed not to disclose financial details of the transaction.

The business, based in Bilbao, Spain, has about 120 employees and will become part of ABB's Process Automation division.

Gearless mill drive systems are used in the mining industry for processing large quantities of ore to extract metals such as copper, gold, platinum, iron and molybdenum.

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The publisher indicated in each case (see company info by clicking on image/title or company info in the right-hand column) is solely responsible for the stories above, the event or job offer shown and for the image and audio material displayed. As a rule, the publisher is also the author of the texts and the attached image, audio and information material. The use of information published here is generally free of charge for personal information and editorial processing. Please clarify any copyright issues with the stated publisher before further use. In case of publication, please send a specimen copy to service@pressebox.de.