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Monday, 03 October 2011 07:00

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.

Read 5954 times Last modified on Sunday, 09 October 2011 11:45

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