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ABB LTD (ABB)
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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; zurichdjnews@dowjones.com

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Financials ($)
Sales 2017 34 249 M
EBIT 2017 3 904 M
Net income 2017 2 377 M
Debt 2017 1 584 M
Yield 2017 3,39%
P/E ratio 2017 20,06
P/E ratio 2018 17,39
EV / Sales 2017 1,49x
EV / Sales 2018 1,41x
Capitalization 49 412 M
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Mean consensus HOLD
Number of Analysts 25
Average target price 24,1 $
Spread / Average Target 5,8%
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Managers
NameTitle
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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