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NYSE: CBE) announced that it has signed a letter of intent with Asea Brown Boveri AG (ABB) of Mannheim, Germany, to acquire ABB's CEAG electrical products operation.
At the time of the announcement a consortium led by Asea Brown Boveri Inc.
Asea Brown Boveri and the International Finance Corporation are the other partners in the project.
25 ~PRNewswire~ -- The ABB Asea Brown Boveri Group reported today that orders received for the first nine months of 1992 were $24 billion, an increase of 15 percent compared to the corresponding period last year ($20.
The founders have previously held senior positions at leading-edge companies and academic institutions such as Ericsson, Asea Brown Boveri (ABB), Spectra Physics, Xerox PARC, and the Royal Institute of Technology in Stockholm.
Limited is acting for ABB Asea Brown Boveri Ltd in connection with the offer and no one else and will not be responsible to anyone other than ABB Asea Brown Boveri Ltd for providing advice in relation to the offer.
EC) announced today that it has executed a letter of intent with the Drive Systems Group of ABB Asea Brown Boveri (ABB) and BMW Technik GmbH, a wholly owned subsidiary of Bayerische Motoren Werke AG (BMW), covering a cooperation for the commercialization of Unique's permanent magnet motor technology.
Limited is acting for ABB Asea Brown Boveri Ltd in connection with the exchange offers and no one else and will not be responsible to anyone other than ABB Asea Brown Boveri Ltd for providing advice in relation to the exchange offers.