June 30, 2018
Weil advised GE in its $2.6 billion sale of GE Industrial Solutions, GE’s global electrification solutions business, to ABB. ABB is a pioneering technology leader in electrification products, robotics and motion, industrial automation and power grids, serving customers in utilities, industry and transport & infrastructure globally. As part of the transaction and overall value creation, ABB and GE agreed to establish a long-term, strategic supply relationship for GE Industrial Solutions products and ABB products that GE sources. The transaction closed June 30, 2018.
The Weil team that advised GE was led by Mergers & Acquisitions partners William Gutowitz and Jackie Cohen and included Technology & IP Transactions partners Jeffrey Osterman and Charan Sandhu; Tax partners Chayim Neubort and Jonathan Macke; Environmental partner Annemargaret Connolly; Mergers & Acquisitions counsel Donald Whittaker; Environmental counsel Matthew Morton; Mergers & Acquisitions associates Amanda Fenster, Natalie Smeltzer Fortenberry, Dening Kong, Andrew Stotts, Nathaniel Lee, Constantinos Pappas and Sam Hulsey; Technology & IP Transactions associates Caroline Geiger, Emilie Williams, Mary Lentowski, Lauren Springer, Alexa Rozell, Meggin Bednarczyk and Rami Sherman; Tax associates Eric Remijan and Joseph Reich; and Real Estate associates Melissa Meyrowitz and Cody Lipton.