ABB buys GE business for $2.6 billion in bet it can boost margins

ZURICH (Reuters) - Power grids maker ABB is buying General Electric's Industrial Solutions business for $2.6 billion on a bet that it can improve lackluster margins at the unit over the next five years, the Swiss engineering company said on Monday.

ABB buys GE business for $2.6 billion in bet it can boost margins
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