ABB – ABB expands automation offering with acquisition of Rotork

• Recommended all-cash offer at 503 pence per Rotork share; strategic transaction aligned with ABB’s purpose centred around electrification and automation
• Highly attractive business with a leading product portfolio and excellent customer track record, delivering attractive growth and margins
• Rotork’s mission-critical flow control and instrumentation solutions highly complementary to ABB’s existing automation portfolio
• Rotork expected to add 3% to ABB’s revenues with immediate accretion to Operational EBITA margin
• Redeployment of net cash proceeds from Robotics divestment with further headroom for M&A and continuation of share buybacks

Ad hoc Announcement pursuant to Art. 53 Listing Rules of SIX Swiss Exchange

ABB Ltd (“ABB”) announces that it has agreed with Rotork plc (“Rotork”), a well-established global provider of mission-critical intelligent flow control solutions and a leading independent manufacturer of electric actuators, the terms of a recommended cash offer for the entire issued and to be issued share capital of Rotork. 

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