Canadian Electrical Industry News Week

ABB

September 25, 2017

ABB has announced that it has acquired GE Industrial Solutions, GE’s global electrification solutions business. GE Industrial Solutions has deep customer relationships in more than 100 countries and an established installed base with strong roots in North America, ABB’s biggest market. GE Industrial Solutions is headquartered in Atlanta, Georgia, and has about 13,500 employees around the world. In 2016, GE Industrial Solutions had revenues of approximately $2.7 billion, with an operational EBITDA margin of approximately 8 percent1 and an operational EBITA margin of approximately 6 percent1. ABB will acquire GE Industrial Solutions for $2.6 billion; the transaction will be operationally accretive in year one. ABB expects to realize approximately $200 million of annual cost synergies in year five, which will be key in bringing GE Industrial Solutions to peer performance. 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.

"This acquisition strengthens our position as partner of choice for electrification globally,  North America and in Canada. We look forward to working with GE Industrial Solutions to create new opportunities in this highly attractive core market for our Electrification Products division.  Our intention is to combine the best of both worlds and make the most of ABB’s technology investment for GE Industrial Solutions’ product pipeline. Together, we will be significantly stronger" said Nathalie Pilon, President, ABB Canada

“With GE Industrial Solutions, we strengthen our Number 2 position in electrification globally and expand our access to the attractive North American market,” said ABB CEO Ulrich Spiesshofer. “Combined with the long-term strategic supply relationship with GE, this transaction creates significant value for our shareholders.”

He added: “Together with the GE Industrial Solutions team, we will execute our well-established plans in a disciplined way to bring this business as part of the global ABB family back to peer performance. With this next step of active portfolio management, we continue to shift ABB’s center of gravity, in line with our Next Level strategy, by strengthening competitiveness, mainly in the North American market, and lowering risk with an early-cycle business.”

“This combination brings together two global businesses with a broad complement of electrical protection and distribution assets,” said John Flannery, CEO of GE. “ABB values our people, domain expertise, and our ability to operate in the segments where we have depth and experience. GE will also benefit through an expanded strategic supply relationship with ABB as the two companies work together.”

GE Industrial Solutions will be integrated into ABB’s Electrification Products (EP) division, resulting in a unique global portfolio and very comprehensive offering for North American and global customers. They will benefit from ABB’s innovative technologies and the ABB AbilityTM digital offering coupled with GE Industrial Solutions’ complementary solutions and market access. Included in the acquisition is a long-term right to use the GE brand. ABB will retain the GE Industrial Solutions management team and build upon its experienced sales force. After closing, this transaction will have an initial dampening effect to EP’s operational EBITA margin. ABB commits to returning EP to its target margin corridor of 15-19 percent during 2020.

Tarak Mehta, President of ABB’s EP division, said: “This acquisition strengthens our position as partner of choice for electrification globally and in North America. We look forward to working with GE Industrial Solutions’ and ABB’s customers and channel partners to create new opportunities in this highly attractive core market for our division. We have a clear integration plan to realize the synergies of this combination and to bring our combined business back into the target margin corridor during 2020.”

ABB’s EP division delivers more than 1.5 million products to customers around the world every day through a global network of channel partners and end-customers. EP offers a comprehensive portfolio of low- and medium-voltage products and solutions for a smarter, more reliable flow of electricity from substation to socket.

Given this transaction, ABB has decided to put the previously announced share buyback program on hold.

The transaction is expected to close in H1 2018, subject to customary regulatory clearances. Credit Suisse and Dyal Co. acted as financial advisors to ABB, and Davis Polk & Wardwell provided legal counsel.

More information

The press release and presentation slides are available on the ABB News Center at www.abb.com/news 

Irwin Beron RAB Design has announced the retirement of President, Irwin Beron.  After 50 years in the lighting industry, Irwin has decided to step down as President and hand over the reins to his eldest son, David Beron.  David will assume the position of President, effective immediately.  Irwin will remain on as Chairman, which will allow him to enjoy some well-deserved rest and relaxation with his lovely wife Lynette and seven grandchildren, yet still free to impart his many years of experience and expertise whenever possible as Chairman of RAB Design. Irwin has been serving as President of RAB Design Lighting since 2002.  He acquired the company during a difficult period and through grit, determination and hard work, turned it around to make it one of Canada’s most respected lighting companies.

 

Read More: Irwin Beron Retires as President of RAB Design... 

 

 

 

Electricians Provide Assistance in TD Centre's 50th Anniversary Illumination Project

Contractors Guild, Ainsworth, Symtech, Plan and ACML donated their services to temporarily reconfigure the buildings' automated lighting systems, while a crew of staff and volunteers worked to open and close blinds on over 6,000 windows across the TD Centre's five towers to create the message "Less is more or" in 100-foot-tall lights.

A media statement called it the largest public art project of its kind undertaken anywhere in the world.

Read more: Electricians Provide Assistance...

 

CSA

 

By William (Bill) Burr

In this article: Section 56 — Optical fibre cables. Section 56 is a supplementary or amendatory section of the code and applies to the installation of optical fibre cables in conjunction with all other electrical systems. Rule 56-002 provides a special terminology definition for an Optical Fibre Cable — a cable consisting of one or more optical fibres that transmits modulated light for the purpose of control, signalling or communications.

Rule 56-102 outlines that there are three types of optical fibre cables.



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Wind technicians have been working to keep Canada’s turbines turning for a long time now.

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Copper $US Dollar price per pound

Gordon M

 Gordon MacDonald is a cheerful, driven individual who loves to be challenged, a trait that suits him well as a lighting specialist overseeing retrofit projects for Rexel in New Brunswick and P.E.I. He also has had a unique introduction to the field he now works in. 

Gordon was born and raised in Moncton, New Brunswick and has lived there for most of his life. He has an incredibly busy home life that extends to his children, stepchildren and grandchildren. Beyond family life he enjoys “playing guitar and piano, going target shooting, cooking BBQ, trying new foods and learning new things.”

How One Hospital Is Improving Patient Care with Advanced Analytics Demand for healthcare is outstripping capacity, but Toronto’s Humber River Hospital has a solution: a digital Command Centre powered by GE’s Wall of Analytics. As populations grow and age, many hospitals are being stretched past their limits. Rather than apply temporary or partial fixes to address the challenges that underlie this busy, acute care hospital, Toronto’s Humber River Hospital has chosen to implement a holistic, state-of-the-art hospital command centre that will enable it to achieve radical gains in quality and efficiency.

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