ABB Ltd acquired B&R (Bernecker + Rainer Industrie-Elektronik), a transaction completed in July 2017, structured as all cash.
B&R (Bernecker + Rainer Industrie-Elektronik) operates in Machine & factory automation, is based in Eggelsberg, Austria. B&R, founded in 1979 and headquartered in Eggelsberg, Austria, was the largest independent provider of product- and software-based, open-architecture machine and factory automation, with more than 3,000 employees including roughly 1,000 R&D and application engineers. The parties agreed not to disclose the purchase price. B&R became a new global business unit, Machine & Factory Automation, within ABB's Industrial Automation division.
The deal closed ABB's long-standing gap in machine and factory automation and created a broad, competitive industrial automation portfolio; ABB expected synergies of about 8 percent of B&R's stand-alone revenue by year four.
Machine & Factory Automation business unit (Industrial Automation division)
Advisory firms were not disclosed for this transaction.