ABB ACQUIRES WILSON AUTOMATION.NORWALK, Conn.--(BUSINESS WIRE)--May 6, 1996--ABB Inc. announced today that one of its units, ABB n. 1. Among weavers, yarn for the warp. Hence, Noun 1. ABB - an urban hit squad and guerrilla group of the Communist Party in the Philippines; formed in the 1980s Flexible Automation Inc., has completed the acquisition of certain assets of Wilson Automation, a leading supplier of engine and transmission assembly systems, from Newcor, Inc. Terms of the transaction have not been disclosed. The new business unit will be called Wilson Automation, a division of ABB Flexible Automation Inc., and will continue to conduct business at its Warren, Michigan Warren is a city in Macomb County in the U.S. state of Michigan. As of the 2000 census, the city had a total population of 138,247, making Warren the largest city in Macomb County, the third most populous city in Michigan, and Metro Detroit's largest suburb. location. "This acquisition is important for our continued growth and expansion in the flexible automation business. With this new capability, ABB will be the only supplier with design and build capability on two continents," said Peter S. Janson. "That will give us a strategic advantage we can pass on to our customers." Newcor, Inc. with net sales Net Sales The amount a seller receives from the buyer after costs associated with the sale are deducted. Notes: This amount is calculated by subtracting the following items from gross sales: merchandise returned for credit, allowances for damaged or missing goods, freight of $120 million, is a supplier of machine tools, welding and assembly systems, production gears, precision cams and molded rubber parts. ABB Flexible Automation is a leading supplier of robot products and systems, paint application and paint systems with a worldwide installed base of more than 49,000 robots. ABB (Asea Brown Boveri) Inc., with headquarters in Norwalk, Conn., engineers products and services for power generation, transmission and distribution; industrial processes; and transportation. The company and its affiliates have annual U.S. revenues of approximately $5.2 billion. Their parent, ABB Asea Brown Boveri ABB, formerly Asea Brown Boveri, is a multinational corporation headquartered in Zürich, Switzerland, operating mainly in the power and automation technology areas. ABB is one of the largest engineering companies as well as one of the largest conglomerate companies in the Ltd. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :ASEAY and OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). :BBCBY), employs approximately 210,000 people and had revenues in 1995 of $34 billion. CONTACT: Karen Armour, 203-750-2217 (office) or 203-655-9461 (residence) |
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