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In 2011, Baldor was acquired by ABB Ltd of Switzerland in an all-cash deal of US$4.2 billion ($1.1 billion debt included). The company continued to operate as Baldor Electric Company A Member of the ABB Group. On March 1, 2018, Baldor Electric Company's name was dissolved into the ABB brand, becoming ABB across all of its locations.
ABB Group [6] is a Swedish-Swiss [7] [8] [9] multinational electrical engineering corporation. Incorporated in Switzerland as ABB Ltd., and headquartered in Zurich, [1] it is dual-listed on the SIX Swiss Exchange in Zurich and the Nasdaq Nordic exchange in Stockholm, Sweden, in addition to OTC Markets Group's pink sheets in the United States. [10]
*Electrical Distribution is estimated to be a $72 billion industry. . Total number of locations of NAED Members: 4,263; Total number of employees in NAED member companies: about 75,000 distributor employees; Average NAED member’s sales volume: $78,816,300; Median NAED member’s sales volume: $13,226,865; 40.4% of NAED members have a sales volume under $10 million; Source: NAED database ...
The Pinault Group acquired CDME in December 1990 and became its main shareholder. The electrical equipment distribution subsidiary accounted for 38% of the Pinault Group's total sales. CDME was then the leading distributor of electrical equipment in France (30% market share), Belgium and Portugal. [citation needed]
Summit first appeared in electrical distribution industry rankings in 1988 when Electrical Wholesaling magazine ranked Summit 173rd on its list of the top 250 U.S. electrical distributors. [2] In 1989, Electrical Wholesaling detailed Summit's expertise with JIT systems contracts in an article that gave Summit recognition in the industry for its ...
In July 2020, ABB divested its power grid business and sold 80.1% of that to Hitachi Ltd., leading to the formation of Hitachi ABB Power Grids. [1] In October 2021, Hitachi ABB Power Grids changed its company name to Hitachi Energy. In December 2022, it was confirmed that Hitachi acquired the remaining 19.9 percent shares from ABB Ltd. [2]
Edmundson Electrical Ltd is a privately held electrical distribution company headquartered in Knutsford, Cheshire, incorporated in 1991. [1] It is the largest electrical distributor in the United Kingdom [ 2 ] and serves both to the trade and to the public from over 300 locations. [ 3 ]
Crescent Electric Supply Company is an American distributor of electrical hardware. Crescent was founded in 1919 in Dubuque, Iowa , but is currently headquartered in East Dubuque, Illinois . [ 1 ] [ 2 ] One of the largest companies of its kind, [ 3 ] Crescent Electric Supply was ranked by Forbes as the 435th largest privately held company in ...