08 January 2009 16:21

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08 January 2009 16:21
It comes into force immediately after the receipt of customary regulatory approvals. ABB, which hitherto belonged to 21-per cent stake in the joint venture, decided to take over the remaining 79 percent of the shares that belonged Ensto Group.
The deal, whose price was not disclosed, it should be completed, 2009. During the first quarter. Ensto Busch-Jaeger was founded 28 years ago in Germany, ABB Busch-Jaeger Elektro branch of the company, and the Finnish company Ensto Group, in order to produce high-quality installation accessories such as switches snuggies and sockets snuggies for the Nordic residential and commercial space market. The company employs approximately 120 employees in Finland, the company owns business operations in Sweden snuggies and Norway. The company merged ABB automation products division. 2007th Ensto Busch-Jaeger had a turnover of approximately 55 million dollars. "This investment snuggies is fully in line with our strategy to increase market share in value-creating acquisitions," said ABB Group Automation Products Division leader Tom Sjökvist. "Thanks to our long-standing snuggies relationship with ABB is now a perfect position to increase Ensto Busch-Jaeger product range of high quality products snuggies in the Nordic market and to respond even better to the customer's expectations," added Sjökvist. ABB is a global leader in power and automation technologies in the field, which is the infrastructure and industrial customers. Its products help customers reduce the environmental impact of manufacturing. ABB Group employs approximately 120,000 people in a hundred countries. ABB operates in Estonia since 1992. year, the company's areas of operation snuggies in the manufacture of wind generators and frequency converters, transmission network snuggies and distribution projects for the full maintenance services to industrial clients. , 2008. ABB was awarded the best companies in the Enterprise Estonia Foundation for "Entrepreneurship Award". 2007th and, 2008. ABB was awarded the "Year of Foreign Investor" award.
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