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MERGER & AQUISITION

CRH agrees US$3.5bn acquisition of Ash Grove Cement

CRH plc, the international building consideration of US$3.5 billion. The logistics assets across the US midwest.
materials group, announces that it has transaction is expected to close around
reached an agreement to acquire Ash year end 2017. Ash Grove operates eight For the year ended 31 December 2016,
Grove Cement Company a leading US cement plants across eight US states, Ash Grove reported profit before tax
cement manufacturer headquartered combined with extensive readymixed of US$215 million and gross assets of
in Overland Park, Kansas, for a total concrete, aggregates and associated US$2.5 billion

About CRH
CRH is the largest building materials company in North strategic positions in the emerging economic regions of Asia and
America and the second largest worldwide. The Group South America.
has leadership positions in Europe as well as established www.crh.com

About Ash Grove
Ash Grove is a leader and pioneer in the cement cement plants and two deep-water import terminals located
industry. For 135 years, Ash Grove has provided throughout the midwest, Texas and western United States. In
portland and masonry cements to construct addition to cement manufacturing facilities, the company operates
highways, bridges, commercial and industrial complexes, 52 readymixed concrete plants, 25 sand and gravel plants, 20
single- and multi-family homes, and other important structures limestone quarries and nine packaged products plants.
fundamental to America’s economic vitality and quality of life. In
2016, Ash Grove shipped 8.2 million tons of cement from eight www.ashgrove.com

ABB to acquire GE Industrial Solutions for $2.6 billion

ABB announced the acquisition of The transaction will be operationally portfolio and very comprehensive
GE Industrial Solutions, GE’s global accretive in year one. offering for North American and global
electrification solutions business. GE ABB and GE have agreed to establish a customers. They will benefit from ABB’s
Industrial Solutions has deep customer long-term, strategic supply relationship innovative technologies and the ABB
relationships in more than 100 countries for GE Industrial Solutions products and AbilityTM digital offering coupled with
and an established installed base with ABB products that GE sources today GE Industrial Solutions’ complementary
strong roots in North America, ABB’s solutions and market access. Included
biggest market. GE Industrial Solutions To acquire GE industrial solutions 2/3 in the acquisition is a longterm right to
is headquartered in Atlanta, Georgia, GE Industrial Solutions will be integrated use the GE brand. ABB will retain the GE
and has about 13,500 employees into ABB’s Electrification Products (EP) Industrial Solutions management team
around the world. division, resulting in a unique global and build upon its experienced sales force.

About ABB
ABB is a pioneering technology leader in ABB is writing the future of industrial digitalization and driving the
electrification products, robotics and motion, Energy and Fourth Industrial Revolutions. ABB operates in more
industrial automation and power grids, serving than 100 countries with about 136,000 employees.
customers in utilities, industry and transport & infrastructure
globally. www.abb.com 13

About GE
GE has been transforming industry with software- markets, structure and intellect. Each invention further fuels
defined machines and solutions that are connected, innovation and application across our industrial sectors. With
responsive and predictive. GE is organized around a people, services, technology and scale, GE delivers outcomes for | Global MDA Journal | NOV-DEC 2017
global exchange of knowledge, the “GE Store,” through customers by speaking the language of industry.
which each business shares and accesses the same technology, www.GE.com

www.ghmediabusiness.com