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ABB Completes Acquisition of Tropos Networks

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06/15/2012 | 04:03pm CEST

Electrical engineering company ABB Ltd (ABBN.VX) Friday said it had completed the acquisition of Tropos Networks Inc, a Silicon Valley-based company that develops and markets wireless technologies and products for distribution area communication networks.


- The acquisition expands ABB's communications systems offering for customers in the power, transportation, mining and public infrastructure sectors, ABB said.

- It also reinforces ABB's increased focus on the North American market and complements its global presence in utility and industrial communications.

- ABB's comprehensive suite of communication solutions provides a strong foundation for mission-critical networks and is a key enabler for smarter grids.

-Zurich Bureau, Dow Jones Newswires, +41 43 443 80 47; [email protected]

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Financials ($)
Sales 2017 33 669 M
EBIT 2017 3 941 M
Net income 2017 2 435 M
Debt 2017 1 143 M
Yield 2017 3,19%
P/E ratio 2017 21,21
P/E ratio 2018 18,73
EV / Sales 2017 1,65x
EV / Sales 2018 1,58x
Capitalization 54 309 M
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Mean consensus HOLD
Number of Analysts 27
Average target price 23,4 $
Spread / Average Target -4,4%
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Ulrich Spiesshofer President & Chief Executive Officer
Peter R. Voser Chairman
Timo Ihamuotila Chief Financial Officer
Andy Tidd Head-Information Systems
Bazmi Rizwan Husain Chief Technology Officer
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