ABB has received its board’s approval for the proposal to acquire 100 per cent shares of Baldor Electric India from Baldor Holdings Inc., USA and Baldor Electric Switzerland. The deal would be worth about Rs 35.7 crore. The proposal was approved by the board of directors during their meeting held on August 8, 2011.
ABB Group had acquired Baldor Electric Company, USA, in January this year. Baldor Group is now integral part of ABB Group. Baldor provides sales and service assistance to its customers including support for the products viz., electric motors, power transmission products, drives, generators and other accessory products.
ABB Group is a leading power and automation technology solutions provider.
| Company Name | CMP |
|---|---|
| Havells India | 1230.25 |
| Siemens | 3604.70 |
| Apar Inds | 12844.45 |
| ABB India | 6382.45 |
| Waaree Energies | 3209.05 |
| View more.. | |
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: