ABB to Acquire Rotork for about $5.5bn to Expand Automation
ABB, the Swiss electrification and automation group, has agreed to acquire UK engineering firm Rotork in a deal worth about $5.5bn (£4.1bn). ABB expects Rotork’s intelligent flow-control and instrumentation technologies to strengthen its automation offering, with Rotork operating as a separate division within ABB and contributing around 12% additional revenue in the automation business area.