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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.

MAIN FACTS:

- 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]

Stocks mentioned in the article
ChangeLast1st jan.
ABB LTD 1.00% 24.34 Delayed Quote.-6.81%
ABB LTD 1.48% 213.2 Delayed Quote.-3.22%
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Financials ($)
Sales 2018 37 988 M
EBIT 2018 4 441 M
Net income 2018 2 785 M
Debt 2018 3 769 M
Yield 2018 3,36%
P/E ratio 2018 19,25
P/E ratio 2019 16,70
EV / Sales 2018 1,47x
EV / Sales 2019 1,35x
Capitalization 52 200 M
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Number of Analysts 23
Average target price 26,9 $
Spread / Average Target 10%
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Managers
NameTitle
Ulrich Spiesshofer President & Chief Executive Officer
Peter R. Voser Chairman
Timo J. Ihamuotila Chief Financial Officer
Jacob Wallenberg Vice Chairman
Matti Juhani Alahuhta Independent Non-Executive Director
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