The board of directors of ABB (India) have cleared a proposal for acquiring
the operating businesses of ABS Global Industries and Services, the wholly-owned
subsidiary of Switzerland’s ABB Group, for Rs 400 crore.
ABB is a provider of power and automation technologies. The effective date of
acquisition has been fixed as 1 April 2011. The deal entails acquisition of the
transformer insulation division, including boards and components, LV breakers
and switches and vacuum interrupters.