Zurich-based engineering group ABB agrees to acquire UK company Rotork in a deal valued at about £4.1bn, according to reports. ABB will pay 506 pence per share for Rotork, which is headquartered in Bath. The acquisition is part of a wider pattern of Swiss and other overseas firms purchasing UK engineering and industrial businesses, with multiple UK companies reported as targets of takeover interest. The published accounts state the offer price for Rotork’s shares and describe the companies involved, identifying ABB as the bidder and Rotork as the acquisition target. The information available across the two outlets focuses on the deal headline and the stated per-share value, without adding differing claims about financing, timing, or conditions beyond what is reflected in the offer description. The reports present the transaction as a significant international takeover involving a major UK industrial firm and ABB’s expansion plans.
ABB to buy Rotork in £4.1bn Swiss takeover
Zurich-based engineering group ABB agrees to acquire UK company Rotork in a deal valued at about £4.1bn, according to reports. ABB will pay 506 pence per share for Rotork, which is headquartered in Ba...
- ABB, a Zurich-based company, agrees to acquire Rotork.
- Rotork is headquartered in Bath.
- The deal is reported to be valued at about £4.1bn.
- ABB offers 506p per share for Rotork.
Zurich-based ABB said it would pay 506p a share for the engineering firm, which is headquartered in Bath.
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