NEWS 11
WELDING & FABRICATION TECHNOLOGY, WELDFAB2018
WeldFab2018, a conference and exhibition headlined Welding & Fabrication Technology will be held on 5-6 October at the Hotel Holiday Inn, New Delhi. With the launch of the ‘Make in India’ initiative by the Government of India, to transform India into a global design and manufacturing hub, developments in welding & fabrication Industry is the need of the moment to make Indian products globally competitive. Welding metallurgy is an important field because the welded
material changes their micro-structure and properties due to heat cycle associated with welding. Qualified and competent welding engineers with multidisciplinary knowledge are essential for the success of the welding industry. Also, newer materials ranging from variations of existing metallic materials to advanced materials, composites, nano-materials and others has started. Welding of these materials posses’ technological challenges in welding fabrication, leading to development of
superior welding processes and quality assurance criteria. The WeldFab 2018 conference will provide a dynamic forum for the attending professionals from industry, academia, research institutions and service providers to share, enhance and utilize the knowledge base in welding, fabrication and allied technologies to fill up the gaps and attend the problems faced by the industry.
For more details, please visit
www.weldfab.co.in
ACQUISITION COMPLETE FOR ABB
Electrification and robotics expert ABB has announced it has completed its acquisition of GE Industrial Solutions (GEIS), GE’s global electrification solutions business. The $2.6 billion transaction offers substantial value creation potential within ABB, including growth opportunities to be leveraged from coupling ABB’s digital offering, ABB Ability™, with the extensive GEIS installed base. ABB expects to realise approximately $200 million of annual cost synergies in year five, which will be key in bringing GEIS to peer performance. “We are very pleased to welcome GE Industrial Solutions to ABB,” said ABB CEO Ulrich Spiesshofer. “The combination reinforces ABB’s position as a worldwide
leader in electrification and accelerates our growth and competitiveness in key markets, particularly North America. As one of Thomas Edison’s original businesses, GEIS is the cradle of electrification – a legacy that we will preserve and build on, now that GEIS is part of ABB.”
GEIS will be integrated into ABB’s Electrification Products (EP) division, led by EP President Tarak Mehta, as a new business unit called Electrification Products Industrial Solutions (EPIS). Stephanie Mains, who was previously the President and CEO of the GE Industrial Solutions business, will lead the new business unit as Managing Director. As part of the transaction, ABB
has established a long-term strategic supply relationship with GE to supply them with products and solutions from across the ABB portfolio. Included in the acquisition is a long-term right to use the GE brand.
“The product portfolios of GE Industrial Solutions and ABB are highly complementary. Together we will have a comprehensive combined portfolio, as well as an expanded global footprint, sales force and distribution network,” said Tarak Mehta. “We are committed to servicing the GEIS installed base and will now be able to provide a more technologically advanced and digitally connected offering to our customers around the world.”
To celebrate the recent closing of the acquisition of GE Industrial Solutions, ABB CEO Ulrich Spiesshofer rings the closing bell at the New York Stock Exchange on Friday, July 13, 2018, along with Greg Scheu (fourth from left), President of ABB’s Americas Region; Tarak Mehta (sixth from right), President of ABB’s Electrification Products (EP) division, Stephanie Mains, Managing Director Electrification Products Industrial Solutions (sixth from left) and other members of the ABB team.
www.awd.org.uk | J WeldingWorld1
Photo: © ABB
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