September 26, 2017
Weil is advising 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 have agreed to establish a long-term, strategic supply relationship for GE Industrial Solutions products and ABB products that GE sources today. The transaction is expected to close in H1 2018, subject to customary closing conditions.
The Weil team advising GE is led by Mergers & Acquisitions partners William Gutowitz and Jackie Cohen and includes 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 (Not Yet Admitted in New York) and Sam Hulsey (Not Yet Admitted in New York); Technology & IP Transactions associates Caroline Geiger, Emilie Williams, Mary Lentowski, Lauren Springer, Alexa Rozell, Meggin Bednarczyk (Not Yet Admitted in New York) and Rami Sherman (Not Yet Admitted in New York); Tax associates Eric Remijan and Joseph Reich; and Real Estate associates Melissa Meyrowitz and Cody Lipton.