- Subject to the customary regulatory approvals.
- Ber-Mac specializes in industrial automation, electrical, instrumentation design, process optimization, panel fabrication and field services. It is particularly strong in the oil and gas industry.
- Established in 1980, the company has enjoyed steady growth in recent years and earned revenues of ca. $100M in 2007, serving primarily oil and gas customers with power and automation solutions that maximize performance and reduce operating and maintenance costs.
- The acquisition will increase ABB's presence in Northern America by more than 400 employees, based in several locations. The company is well known and highly respected in the region- a key factor in the decision to acquire the firm.

Other headlines for [ABBN.SZ]

• 12/30/1899 00:00am
  Citigroup analysts cut European Industrial sector view to "Underweight from "Neutral"
  
• ABB 12/30/1899 00:00am
  ABB Ltd (ADR) Confirms Q4 results to be impacted by pre-tax provisions of about $850M - filingThe provisions are for potential costs related to the previously disclosed investigations by the U.S. and European more...
  
• ABBN.SZ 12/30/1899 00:00am
  The ABB Group Remains in strong financial position and reaffirms FY08 targets despite lower order intake in Q4- Sees lower order intake for October and November reflects weak market, lack of funding, volatile more...
  
• ABBN.SZ 12/30/1899 00:00am
  The ABB Group Awarded $87M order in US to expand power transmission capacity- Order is to expand and strengthen the power transmission network in the area of Los Angeles, California, so that it can deliver more more...
  
• ABBN.SZ 12/30/1899 00:00am
  The ABB Group Received statement of objections from EU relating to power transformer business- Firm notes that it remains committed to fair competition in utilities sector
  

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