ZURICH - ABB has agreed to buy the wiring accessories business of German rival Siemens in China, the Swiss engineering group said on Friday.
Under the deal, which is expected to close in the next 12 months, ABB is acquiring a business which makes wiring accessories, smart home systems, smart door locks and other home automation products.The acquisition will give access to a distribution network across 230 cities in China and provide additional expertise from regional sales, manufacturing operations and management teams, ABB said.
The mystery is over: Warren Buffett’s Berkshire Hathaway disclosed a major stake in the insurance company Chubb, finally revealing the investment he has kept under wraps since last year.These three top growth stocks are among the best options for long-term investors seeking to amplify their portfolio returns over the long haul. The post TFSA Investors: Buy These 3 Growth Stocks and Never Sell appeared first on The Motley Fool Canada.
United States United States Latest News, United States United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: BNNBloomberg - 🏆 83. / 50 Read more »