MERGER & AQUISITION
CRH agrees US$3.5bn acquisition of Ash Grove Cement
CRH plc, the international building
materials group, announces that it has
reached an agreement to acquire Ash
Grove Cement Company a leading US
cement manufacturer headquartered
in Overland Park, Kansas, for a total
consideration of US$3.5 billion. The
transaction is expected to close around
year end 2017. Ash Grove operates eight
cement plants across eight US states,
combined with extensive readymixed
concrete, aggregates and associated
About CRH
CRH is the largest building materials company in North
America and the second largest worldwide. The Group
has leadership positions in Europe as well as established
About Ash Grove
Ash Grove is a leader and pioneer in the cement
industry. For 135 years, Ash Grove has provided
portland and masonry cements to construct
highways, bridges, commercial and industrial complexes,
single- and multi-family homes, and other important structures
fundamental to America’s economic vitality and quality of life. In
2016, Ash Grove shipped 8.2 million tons of cement from eight
logistics assets across the US midwest.
For the year ended 31 December 2016,
Ash Grove reported profit before tax
of US$215 million and gross assets of
US$2.5 billion
strategic positions in the emerging economic regions of Asia and
South America.
www.crh.com
cement plants and two deep-water import terminals located
throughout the midwest, Texas and western United States. In
addition to cement manufacturing facilities, the company operates
52 readymixed concrete plants, 25 sand and gravel plants, 20
limestone quarries and nine packaged products plants.
www.ashgrove.com
ABB to acquire GE Industrial Solutions for $2.6 billion
ABB announced the acquisition of
GE Industrial Solutions, GE’s global
electrification solutions business. GE
Industrial Solutions has deep customer
relationships in more than 100 countries
and an established installed base with
strong roots in North America, ABB’s
biggest market. GE Industrial Solutions
is headquartered in Atlanta, Georgia,
and has about 13,500 employees
around the world.
The transaction will be operationally
accretive in year one.
ABB and GE have agreed to establish a
long-term, strategic supply relationship
for GE Industrial Solutions products and
ABB products that GE sources today
To acquire GE industrial solutions 2/3
GE Industrial Solutions will be integrated
into ABB’s Electrification Products (EP)
division, resulting in a unique global
portfolio and very comprehensive
offering for North American and global
customers. They will benefit from ABB’s
innovative technologies and the ABB
AbilityTM digital offering coupled with
GE Industrial Solutions’ complementary
solutions and market access. Included
in the acquisition is a longterm right to
use the GE brand. ABB will retain the GE
Industrial Solutions management team
and build upon its experienced sales force.
About ABB
ABB is a pioneering technology leader in
electrification products, robotics and motion,
industrial automation and power grids, serving
customers in utilities, industry and transport & infrastructure
globally.
ABB is writing the future of industrial digitalization and driving the
Energy and Fourth Industrial Revolutions. ABB operates in more
than 100 countries with about 136,000 employees.
www.abb.com
GE has been transforming industry with software-
defined machines and solutions that are connected,
responsive and predictive. GE is organized around a
global exchange of knowledge, the “GE Store,” through
which each business shares and accesses the same technology,
www.ghmediabusiness.com
markets, structure and intellect. Each invention further fuels
innovation and application across our industrial sectors. With
people, services, technology and scale, GE delivers outcomes for
customers by speaking the language of industry.
www.GE.com
About GE
13