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12-11-2001: ABB said today it will sell its air handling
equipment business to Global Air Movement (Luxembourg) SARL for US$ 225 million,
as part of its strategy to focus on power and automation technology products,
systems and solutions for utilities and industry.
Global Air Movement (Luxembourg) SARL is a company formed on behalf of
Compass Partners European Equity Fund L.P., management and other investors.
“This divestiture is in line with ABB’s strategy to focus on core areas of expertise
in power and automation technology,â€
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ABB is able to deliver the full spectrum of services and products, including a fully integrated package of advanced chemical technologies, advanced control system applications, and simulation systems. With our specific know-how in services like engineering, project management or validation ... more
ABB Process Analytics' commitment to quality doesn't end when we deliver our equipment. We also provide, at the client's request: start-up services, maintenance services, training services, reconditioning, repair and replacement parts services. Training services are available for virtually ... more
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