ABB acquired Baldor Electric Company, a renowned manufacturer primarily known for its high-efficiency electric motors, which are often referred to as Baldor Motors. This strategic acquisition by ABB significantly enhanced its position as a global leader in industrial motion.
Details of the Acquisition
The global power and automation technology group ABB announced its agreement to acquire Baldor Electric Company in late 2010, with the transaction closing in early 2011. This move was pivotal for ABB, allowing it to expand its presence in the North American industrial market and strengthen its comprehensive portfolio of motors, generators, and mechanical power transmission products worldwide.
Here's a quick overview of the key aspects of the acquisition:
| Aspect | Detail |
|---|---|
| Acquirer | ABB Ltd. |
| Acquired Entity | Baldor Electric Company |
| Primary Products | Electric motors, drives, and mechanical power transmission equipment (Baldor Motors) |
| Year of Acquisition | 2011 |
| Strategic Rationale | To become a global leader in industrial motion and expand market reach. |
Impact on the Industrial Motor Market
The integration of Baldor Electric Company into ABB was a substantial event for the industrial sector. Baldor was particularly recognized for its strong brand in energy-efficient motors and its robust distribution network across North America. By combining forces, ABB was able to:
- Expand Product Offerings: Offer a more complete range of motors, from low-voltage to high-voltage, along with integrated control and automation solutions.
- Enhance Market Leadership: Solidify its standing as a dominant player in the global electric motor and mechanical power transmission markets.
- Leverage Synergies: Combine Baldor's manufacturing expertise and regional presence with ABB's global research, development, and market reach.
While acquired, the Baldor brand, especially for its motors, largely maintained its identity within ABB, continuing to be a trusted name for quality and efficiency in industrial applications. This acquisition highlighted a trend of consolidation in the industrial manufacturing sector, driven by the demand for comprehensive solutions and global scale.
For more information about ABB and its operations, you can visit their official group website: ABB Group.
