ABB to acquire kuhlman electric corporation  
 
ABB收購kuhlman電氣公司

acquisition will broaden and complement ABB’s power products offering

該收購將擴大和補充ABB的電力產品供應

zurich, switzerland, july 16, 2008 – ABB, the global power and automation technology group, has signed an agreement to acquire u.s. transformer company kuhlman electric corporation for an undisclosed amount from global private equity firm the carlyle group to expand its power products portfolio in the americas. kuhlman electric manufactures a wide range of high-quality transformers for the industrial and electric utility sectors.

瑞士蘇黎世7月16日消息——全球領先的自動化和技術集團ABB簽署了一份協議，以不公開的數額從環球私人股份公司carlyle集團手上收購了美國變壓器公司kuhlman電氣公司，擴大其在美洲的電力產品供應。kuhlman電氣公司為工業和電力工業部門制造范圍很廣的高質量變壓器。

kuhlman electric has demonstrated a track record of profitable growth with double-digit annual sales growth over the past five years. in 2007, the company had revenues of around $250 million. the business is well positioned to benefit from the investments required to modernize and expand the u.s. utility infrastructure and to increase industrial efficiency and reliability.

kuhlman電氣公司在過去的5年里以雙位數字的年度銷售增長率證明了其良好的盈利記錄增長。在2007年，公司收入大約2.5億美元。公司業務主要受益于升級和擴大美國的電力基礎設施以及提高工業效率和可靠性所需的投資。

kuhlman electric has a strong reputation for innovative products and solid, long-term customer relationships. the company is headquartered in versailles, kentucky and employs approximately 800 people.

kuhlman電氣在創新的產品和長期穩定的客戶關系上具有良好的聲譽。公司總部設在肯塔基州的versailles，有員工約800人。

Michel demaré, ABB’s chief executive officer and chief financial officer stated: “this transaction is the first milestone of our acquisition strategy, which is focused on finding bolt-on acquisitions that selectively complement both our product range and geographical presence. the addition of kuhlman electric’s business into our power products portfolio will allow us to further capture opportunities for profitable growth. at the same time, our customers will benefit from our broader offering.”

ABB首席執行官兼首席財務官Michel demaré表示：“本次交易是我們并購戰略的第一個里程碑，我們的并購戰略側重于尋找貼附型的收購，可以選擇性地補充我們的產品范圍以及區域性分布。kuhlman電氣的業務加入我們的電力產品組合將使得我們可以進一步抓住利潤增長的機會。同時，我們的客戶將受益于我們更廣范圍的產品供應。”

ABB plans to integrate kuhlman electric's operations into its power products business in north america.

ABB計劃將kuhlman電氣的運營整合入其北美電力產品業務部。

bernhard jucker, head of ABB’s power products division, said: “kuhlman electric’s high-quality products and experience complement Abb’s offering in north america, and the company will benefit from Abb’s long-established global infrastructure and our network of professionals within the power industry.”

ABB電力產品部主管bernhard jucker說道：”kuhlman電氣的高質量產品和經驗補充了ABB在北美的產品供應，而kuhlman電氣也將受益于ABB在電力行業長期建立起來的全球基礎架構以及我們的專家網絡。“

glenn a. youngkin, managing director of the carlyle group, said: “kuhlman electric has been an excellent long-term investment for carlyle. ABB is well positioned to further develop kuhlman electric’s activities and operations and take the company to the next level of excellence.”

carlyle 集團總經理glenn a. youngkin表示：“kuhlman電氣是carlyle杰出的長期投資。ABB有條件進一步發展kuhlman電氣的業務，帶領公司更上一個新的臺階。”

the acquisition is subject to customary regulatory approvals. ABB expects the transaction to close in a few months.

該交易正在等待常規的必要批準。ABB預計收購可以在幾個月之內完成。

ABB is a leader in power and automation technologies that enable utility and industry customers to improve performance while lowering environmental impact. the abb group of companies operates in around 100 countries and employs about 112,000 people.

ABB是電力和自動化技術領域的全球領導廠商，致力于為工業和電力行業客戶提供解決方案，以幫助客戶提高生產效率，同時降低對環境的不良影響。ABB集團的業務遍布全球100多個國家，擁有大約112,000名雇員。