Tag Archives: divestment

Hitachi Buys ABB Power Grids

Baldor’s parent company will focus on industrial customers after “significant milestone” Hitachi completed a buyout of a majority of ABB’s Power Grids unit July 1, according to a BusinessWire press release. ABB, whose portfolio is focused on industrial customers, called the move “a significant milestone in the company’s transformation towards a decentralized global technology company” in […]

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GE Gives Estimations

Staff cuts, divestment, and more: CEO Flannery announces GE’s new game plan General Electric delivered its expected overhaul Monday, a full makeover for a company with an illustrious history despite wave upon wave of recent tumult. New CEO John Flannery, who was named to the position August 1 in succession of Jeff Immelt and who […]

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