Weir to acquire ESCO for $US1.28bn

Weir has entered into an agreement to purchase US ground engaging tools (GET) specialist ESCO for $US1.28 billion ($1.67 billion). The transaction has been approved by Weir's board of directors and is not subject to shareholder approval.
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ABB acquires GE Industrial Solutions

Global power and automation technology company ABB will strengthen its position in the electrification sector through the acquisition of GE Industrial Solutions for US$2.6 billion ($3.3 billion).
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