Monday, 03 October 2011 09:00

ABB completes acquisition of Lorentzen & Wettre Featured

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In July this year, ABB agreed to acquire Lorentzen & Wettre from ASSA ABLOY AB (publ). After customary regulatory approvals, the deal is now approved and Lorentzen & Wettre is since Friday 30 September 2011 officially a part of ABB.

It is with great confidence we go into this new and exciting time for Lorentzen & Wettre. During Lorentzen & Wettre’s 116-year history we have had different owners, and at a glance in the rear-view mirror we can see that each owner, in its own way, has helped to develop the company. Summing up – every change has led to improvements.

ABB is the first owner that works within the same industry as Lorentzen & Wettre. With the mutual knowledge, we definitely will develop into something new and unique. With ABB as owner we have the possibility to realize more projects. Our products excellently complement each other, and together we will be able to offer our customers within the pulp and paper industry more complete solutions.

Additional Info

ABB (www.abb.com) is a leader in power and automation technologies that enable utility and industry customers to improve performance while lowering environmental impact. The ABB Group of companies operates in around 100 countries and employs about 130,000 people
Eamon Devlin
Global Marketing & Communications Manager
ABB Pulp & Paper
Finnabair Industrial Park
Dundalk, Co. Louth, IRELAND
Phone: +353 42 938 5154
Mobile: +353 876891109
email:
eamon.devlin@ie.abb.com
Web:
www.abb.com/pulpandpaper
Read 5571 times Last modified on Sunday, 09 October 2011 13:45

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